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The Dynamics of Exclusion and Fiscal Conservatism
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994
This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...
Persistent link: https://www.econbiz.de/10005136638
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The Distributional Consequences of Russia's Transition
Doyle, Christopher - C.E.P.R. Discussion Papers - 1993
rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the …
Persistent link: https://www.econbiz.de/10005498039
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Openness, Inequality and Poverty: Endowments Matter
de Melo, Jaime; Gourdon, Julien; Maystre, Nicolas - C.E.P.R. Discussion Papers - 2006
Using tariffs as a measure of openness, this paper finds consistent evidence that the conditional effects of trade liberalization on inequality are correlated with relative factor endowments. Trade liberalization is associated with increases in inequality in countries well-endowed in highly...
Persistent link: https://www.econbiz.de/10005114466
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Structural Adjustment, Macroeconomic Adjustment and Poverty: A Methodology for Analysis
Kanbur, Ravi - C.E.P.R. Discussion Papers - 1986
estimates of the impact of adjustment on poverty using household income and expenditure surveys currently available in LDCs. It … proposes the use of decomposable poverty indices as a tractable vehicle for calculating the impact of adjustment on overall … poverty. This framework does require, however, reasonably disaggregated data on income distribution. …
Persistent link: https://www.econbiz.de/10005661633
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Debt Relief
Hayri, Aydin - C.E.P.R. Discussion Papers - 1997
This paper develops a model for pricing sovereign debt under continuous time uncertainty, allowing creditors to carry out debt reductions. Focusing on the sovereign’s willingness to pay rather than on their ability to pay, it models debt reductions as a non-cooperative game. The formulae...
Persistent link: https://www.econbiz.de/10005123716
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The Overhang Hangover
Imbs, Jean; Rancière, Romain - C.E.P.R. Discussion Papers - 2005
We revisit the debt overhang question. We first use non-parametric techniques to isolate a panel of countries on the downward sloping section of a debt Laffer curve. In particular, overhang countries are ones where a threshold level of debt is reached in sample, beyond which (initial) debt ends...
Persistent link: https://www.econbiz.de/10005123812
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Interest Rates, Growth and External Debt: The Macroeconomic Impact of Mexico's Brady Deal
Claessens, Stijn; Oks, Danel; van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1994
Interest rates fell sharply after Mexico's Brady deal, and private investment and growth recovered. We show, econometrically, that debt relief influenced the macroeconomy mostly though its favourable impact on uncertainty. While the impact of the <MI>variability<D> of the future net transfer is...</d></mi>
Persistent link: https://www.econbiz.de/10005504273
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Pro-poor trade policy in Sub-Saharan Africa
Nicita, Alessandro; Olarreaga, Marcelo; Porto, Guido - C.E.P.R. Discussion Papers - 2011
The objective of this paper is to estimate the potential pro-poor bias in the existing structure of protection in six countries in Sub-Saharan Africa (SSA) (i.e., whether it redistributes income from rich to poor households). We also explore the extent to which the barriers faced by SSA...
Persistent link: https://www.econbiz.de/10009320401
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Poor Countries or Poor People? Development Assistance and the New Geography of Global Poverty
Kanbur, Ravi; Sumner, Andy - C.E.P.R. Discussion Papers - 2011
global poor for many years to come. This “new geography of global poverty”—with the mass of the poor living in stable, non … special weight be given to the poor in poor countries? How, if at all, should international agencies with a focus on poverty … greater debate on the new geography of global poverty. …
Persistent link: https://www.econbiz.de/10009207525
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Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program
Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010
poverty alleviation program began in 2001 which finances public investments in designated poor villages based on participatory …
Persistent link: https://www.econbiz.de/10008468658