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Hitchhiker's Guide to Inflation in Libya

Cevik, Serhan - 2013

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the econometric results indicate that government...

Persistent link: https://www.econbiz.de/10013082860

Unstash the Cash! Corporate Governance Reform in Japan

Aoyagi, Chie - 2014

Japan's high corporate savings might be holding back growth. We focus on the causes and consequences of the current … corporate behavior and suggest options for reform. In particular, Japan's weak corporate governance - as measured by available … comprehensive corporate governance reform should be a key component of Japan's growth strategy …

Persistent link: https://www.econbiz.de/10013048363

Foreign Help Wanted : Easing Japan's Labor Shortages

Ganelli, Giovanni - 2015

Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international … focuses on policy options to ease Japan's labor shortages. In particular, we focus on possible measures to increase reliance …

Persistent link: https://www.econbiz.de/10013015603

Spillovers from Japan's Unconventional Monetary Policy to Emerging Asia : A Global VAR Approach

Ganelli, Giovanni - 2016

We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and qualitative easing (QQE) on …

Persistent link: https://www.econbiz.de/10012977736

Fiscal Consequences of Terrorism

Cevik, Serhan - 2016

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative effect on tax revenueperformance, after...

Persistent link: https://www.econbiz.de/10013002155

The Day after Tomorrow : Designing an Optimal Fiscal Strategy for Libya

Caceres, Carlos - 2013

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, procyclical fiscal policies threaten macroeconomic stability as well as fiscal...

Persistent link: https://www.econbiz.de/10013082926

Riding the Storm : Fiscal Sustainability in the Caribbean

Cevik, Serhan - 2020

Fiscal sustainability remains a paramount challenge for small economies with high debt and greater vulnerability to climate change. This paper applies the model-based sustainability test for fiscal policy in a panel of 16 Caribbean countries during the period 1980-2018. The results indicate that...

Persistent link: https://www.econbiz.de/10012840607

Back to the Future : Fiscal Rules for Regaining Sustainability

Cevik, Serhan - 2019

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...

Persistent link: https://www.econbiz.de/10012858382

Deep Roots of Fiscal Behavior

Cevik, Serhan - 2014

This paper investigates the determinants of fiscal policy behavior and its time-varying volatility, using panel data for a broad set of advanced and emerging market economies during the period 1990–2012. The empirical results show that discretionary fiscal policy is influenced by policy...

Persistent link: https://www.econbiz.de/10013055674

Growing (Un)Equal : Fiscal Policy and Income Inequality in China and BRIC

Cevik, Serhan - 2015

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find...

Persistent link: https://www.econbiz.de/10013023277