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A macroeconomic analysis of energy subsidies in a small open economy
Glomm, Gerhard; Jung, Jürgen - 2015
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...
Persistent link: https://www.econbiz.de/10010479353
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Consolidating the Covid debt
Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021
growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by … reapingsubstantial efficiency gains and inducing strong growth, eliminates the Covid debt, protects per capita social entitlements and …
Persistent link: https://www.econbiz.de/10012796971
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Macroeconomic policy lessons for Greece from the debt crisis
Oikonomidēs, Geōrgios; Papageorgiou, Dimitris; … - 2020
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our …
Persistent link: https://www.econbiz.de/10012195896
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The economic and fiscal burdens of disasters in the Pacific
Noy, Ilan; Edmonds, Christopher M. - 2016
The Pacific Islands face the highest disaster risk, in per capita terms, globally. Examples of catastrophic events in the region include the 2009 tsunami in Samoa, the 2014 floods in the Solomon Islands, and the 2015 cyclone Pam in Vanuatu. Even without these catastrophic events, countries in...
Persistent link: https://www.econbiz.de/10011573195
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Politics and IMF conditionality
Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2013 - This version: June 2013
Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for continued installments of desperately needed loans, governments must comply with austere policy changes. Many have suggested, however, that politically important countries face rather...
Persistent link: https://www.econbiz.de/10009765008
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Does development aid increase military expenditure?
Langlotz, Sarah; Potrafke, Niklas - 2016
ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid …The diversion of development aid to the recipient's military may be one explanation why aid is often found to be … on military expenditure. Using a new instrumental variable strategy, we examine whether bilateral development aid …
Persistent link: https://www.econbiz.de/10011539046
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Foreign influence and domestic policy : a survey
Aidt, Toke; Albornoz, Facundo; Hauk, Esther - 2019
In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10011987983
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Buying votes and international organizations : the dirty work-hypothesis
Dreher, Axel; Lang, Valentin; Rosendorff, B. Peter; … - 2018
organizations. We test this theory empirically by examining how the United States uses bilateral aid and IMF loans to buy other … 1960-2015 period, our results show that states allied with the US receive more bilateral aid when voting in line with the …
Persistent link: https://www.econbiz.de/10011927941
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Tests of policy ineffectiveness in macroeconometrics
Pesaran, M. Hashem; Smith, Ron - 2014
This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...
Persistent link: https://www.econbiz.de/10010375404
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Macroeconomics with a thick pen
Gronwald, Marc; Jin, Xin - 2023
short-term interest rates, and, second, growth rates of per capita GDP and consumption. As methodological benchmark, this … consumption growth rates is not only generally higher, it also fluctuates considerably less over time than that of the interest …
Persistent link: https://www.econbiz.de/10014281390