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Macroeconomic Management with Informal Financial Markets

Haque, Nadeem Ul; Agénor, Pierre-Richard - International Monetary Fund (IMF) - 1994

Persistent link: https://www.econbiz.de/10005264274

Gupta, Sanjeev; Hajdenberg, Alejandro; Granado, Javier … - International Monetary Fund (IMF) - 2010

This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007 …. It finds that spending on education and health is procyclical in developing countries and acyclical in developed … countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are …

Persistent link: https://www.econbiz.de/10008727788

Anticipated Exchange Rate Reforms

Flood, Robert P.; Agénor, Pierre-Richard - International Monetary Fund (IMF) - 1992

Exchange rate reforms in developing countries have often aimed at floating the exchange rate in an attempt to unify the official and parallel markets for foreign exchange. This paper examines the anticipatory dynamics associated with such reforms. The analysis shows that if the future unified...

Persistent link: https://www.econbiz.de/10005605084

The Unequal Benefits of Fuel Subsidies; A Review of Evidence for Developing Countries

Coady, David; Granado, Javier Arze del - International Monetary Fund (IMF) - 2010

This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy results in a 6 percent decrease in income for all...

Persistent link: https://www.econbiz.de/10008671315