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Fiscal-Financial Vulnerabilities
Schuknecht, Ludger - 2019
The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The...
Persistent link: https://www.econbiz.de/10012864940
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Natural Disasters and Regional Development - the Case of Earthquakes
Fabian, Marius - 2019
We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable – usually...
Persistent link: https://www.econbiz.de/10012892078
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Floods and Spillovers : Households after the 2011 Great Flood in Thailand
Noy, Ilan - 2019
In 2011, Thailand experienced its worst flood ever. Using repeated waves of the Thai Household Survey, we analyse the flood's economic impacts. In 2012, households answered a set of questions on the extent of flooding they experienced. We use this self-identified flood exposure, and external...
Persistent link: https://www.econbiz.de/10012866402
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Harnessing windfall revenues: optimal policies for resource-rich developing economies
van der Ploeg, Frederick; Venables, Anthony J. - 2009
A windfall of natural resource revenue (or foreign aid) faces government with choices of how to manage public debt, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We show that the permanent income hypothesis prescription...
Persistent link: https://www.econbiz.de/10010276227
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Is Norway's bird-in-hand stabilization fund prudent enough? : fiscal reactions to hydrocarbon windfalls and graying populations
Harding, Torfinn; van der Ploeg, Frederick - 2009
We estimate fiscal reaction functions for non-hydrocarbon tax and public spending shares of national income and for debt management strategies adopted by Norway and compare these with rules that would prevail under the permanent income hypothesis and bird-in-hand rule. We conclude that the...
Persistent link: https://www.econbiz.de/10010276231
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Fifty Years of U.S. Natural Disaster Insurance Policy
Marcoux, Kendra; H. Wagner, Katherine R. - 2023
The high and increasing cost of natural disasters around the world motivates a growing body of literature on the role of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and private natural disaster insurance markets in the United...
Persistent link: https://www.econbiz.de/10014356481
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Fifty Years of U.S. Natural Disaster Insurance Policy
Marcoux, Kendra; Wagner, Katherine R. H. - 2023
The high and increasing cost of natural disasters around the world motivates a growing body of literature on the role of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and private natural disaster insurance markets in the United...
Persistent link: https://www.econbiz.de/10014377406
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Maquiladoras and informality: A mixed blessing
Heid, Benedikt; Larch, Mario; Riaño, Alejandro - 2011
Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a … market outcomes in Mexico. We develop a heterogeneous firm model with imperfect labor markets that captures salient features …
Persistent link: https://www.econbiz.de/10010280836
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Spotlight on Spatial Environmental Policy Spillovers : An Econometric Analysis of Wastewater Treatment in Mexican Municipalities
Hecker, Lutz Philip - 2018
Mexico. However, wastewater treatment levels also differ greatly among the 2,456 Mexican municipalities. We apply spatial …
Persistent link: https://www.econbiz.de/10012908670
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Firms and Labor in Times of Violence : Evidence from the Mexican Drug War
Utar, Hale - 2019
Violence in Mexico has reached unprecedented levels in recent times. After the government began a crackdown on drug … studies the impact of violent conflict on firms, exploiting this period of heightened violence in Mexico commonly referred to … significant distortive effects of the Mexican Drug War on domestic industrial development in Mexico and suggest that the Drug War …
Persistent link: https://www.econbiz.de/10012892241