Showing 1 - 10 of 19
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...
Persistent link: https://www.econbiz.de/10005263802
Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...
Persistent link: https://www.econbiz.de/10005768821
Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes these questions. Using a game-theoretic...
Persistent link: https://www.econbiz.de/10005768864
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10010959467
This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to …
Persistent link: https://www.econbiz.de/10011244756
This 2013 Article IV Consultation highlights that over the past year, Mexico has maintained macroeconomic policy …
Persistent link: https://www.econbiz.de/10011245002
This Report on the Observance of Standards and Codes (ROSC) Data Module provides an assessment of Mexico’s macroeconomic statistics against the Special Data Dissemination Standard (SDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment...
Persistent link: https://www.econbiz.de/10011245044
This Selected Issues paper analyzes the impact of Mexico’s energy reform on hydrocarbons production. These reforms aim to increase oil and gas production by eliminating the state oil company’s (PEMEX) monopoly on exploration and production of hydrocarbons, while retaining the prime...
Persistent link: https://www.econbiz.de/10011245058
This paper empirically examines the effect on wages in Mexico of Mexican emigration to the United States, using data … and positive effect on Mexican wages. There is also evidence for increasing wage inequality in Mexico due to emigration …. Simple welfare calculations based on a labor demand-supply framework suggest that the aggregate welfare loss to Mexico due to …
Persistent link: https://www.econbiz.de/10005605072
income process. The empirical application of our framework using data on individual incomes from Mexico provides striking …
Persistent link: https://www.econbiz.de/10010790325