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Optimal Fiscal Spending and Reserve Accumulation Policies Under Volatile Aid

Moldovan, Ioana - 2019

This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the...

Persistent link: https://www.econbiz.de/10012866907

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility : The Role of the Exchange Rate Regime

Berg, Andrew - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid — delivering the same effects as...

Persistent link: https://www.econbiz.de/10013058433

Institutionalized Corruption and the Kleptocratic State

Charap, Joshua - 2006

This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

Persistent link: https://www.econbiz.de/10012782606

The Macroeconomic Costs of Conflict

Novta, Natalija - 2020

Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after … conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset …. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …

Persistent link: https://www.econbiz.de/10012828235

Gender Equality and Electoral Violence in Africa : Unlocking the Peacemaking Potential of Women

Ouedraogo, Rasmané - 2019

We examine the impact of gender equality on electoral violence in Africa using micro-level data from the sixth round of Afrobarometer surveys. The sample covers 30 countries. We find that gender equality is associated with lower electoral violence. Quantitatively, our estimates show that an...

Persistent link: https://www.econbiz.de/10012863977

Climate Shocks and Domestic Conflicts in Africa

Diallo, Yoro; Tapsoba, Rene - 2022

This paper analyzes the interlinkages between climate shocks, domestic conflicts, and policy resilience in Africa. It builds on a Correlated Random Effect model to asess these interrelationships on a broad sample of 51 African countries over the 1990-2018 period. We find suggestive evidence that...

Persistent link: https://www.econbiz.de/10014264533

Determinants of Growth Spells : Is Africa Different?

Tsangarides, Charalambos G. - 2014

Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian...

Persistent link: https://www.econbiz.de/10013065149

Do Fiscal Rules Cause Fiscal Discipline Over the Electoral Cycle?

Eklou, Kodjovi - 2020

This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985-2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal...

Persistent link: https://www.econbiz.de/10012843304

The Distributional Bias of Public Education : Causes and Consequences

Dabla-Norris, Era - 2006

While public education is often intended to be progressive in its effects on income distribution, in reality its incidence is often skewed toward the rich. This paper argues that the extent of this bias is directly related to institutional weaknesses in governance. We present a simple dynamic...

Persistent link: https://www.econbiz.de/10012783072

Fiscal Policy Effectiveness in a Small Open Economy : Estimates of Tax and Spending Multipliers in Paraguay

David, Antonio C. - 2017

This paper presents estimates of fiscal multipliers in Paraguay following different econometric techniques and identification approaches. The results point to multipliers for capital expenditure that are substantially higher than multipliers for current expenditure. In addition, the evidence...

Persistent link: https://www.econbiz.de/10012957837