Showing 1 - 10 of 206
We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary behavior in the face of uncertainty. We find that in the short run, continued income uncertainty will significantly dampen consumption growth. As such, consumption in the G-7...
Persistent link: https://www.econbiz.de/10008561067
This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...
Persistent link: https://www.econbiz.de/10011245618
During the transition process, many existing social sector institutions and policies were significantly eroded and their underlying character changed. As a result, they often do not redistribute to the poorest, nor generally serve the role of facilitating economic change. Social sector reforms...
Persistent link: https://www.econbiz.de/10005264010
Throughout the world, the great popularity of programs to protect those who may fall into poverty stands in contrast … with the weakness of policies aimed at helping individuals who are already poor to overcome long-term poverty. In the paper …, an OLG model with persistent poverty and limited social mobility is used to explore some of the reasons for the different …
Persistent link: https://www.econbiz.de/10005826665
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10010790266
This paper focuses on Senegal’s second poverty reduction strategy paper (PRSP–II). It summarizes the results of the … document for growth and poverty reduction that draws legitimacy from an underlying participatory process, it sets poverty …
Persistent link: https://www.econbiz.de/10011242593
This Joint Staff Advisory Note reviews Senegal’s Second Poverty Reduction Strategy Paper (PRSP–II), and provides …€“II, covering 2006–10, builds on lessons learned during the implementation of the 2003–05 Senegal Poverty Reduction Strategy … (PRSP–I). The PRSP–II pushes the poverty reduction agenda forward so as to meet the objective of raising economic growth …
Persistent link: https://www.econbiz.de/10011243936
Persistent link: https://www.econbiz.de/10005826706
In South Africa, long-term insurers experienced some strains during the financial crisis, but there were no crisis-related failures. The capital markets suffered sharp declines but no systemic failures. The three standards assessments have found the regulatory system fundamentally sound. The...
Persistent link: https://www.econbiz.de/10011244153
A very ambitious fiscal adjustment effort is under way. Fiscal institutional and sectoral reforms have been elaborated for a more durable adjustment. Greece’s determination toward a comprehensive modernization of the health sector, beginning with a far-reaching reform of state enterprises...
Persistent link: https://www.econbiz.de/10011244162