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Social Spending in Korea : Can it Foster Sustainable and Inclusive Growth?

Elekdag, Selim Ali - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....

Persistent link: https://www.econbiz.de/10013098277

Tests of German Resilience

Bornhorst, Fabian - 2012

countries' standards, keeping domestic consumption growth at surprisingly low levels. As a consequence, despite the size of its …

Persistent link: https://www.econbiz.de/10013098570

Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia

Abdih, Yasser - 2012

procyclical vis-Ã-vis sending country income. Second, remittances tend to be spent on consumption of both imported and …

Persistent link: https://www.econbiz.de/10013101521

Evaluating Changes in the Transmission Mechanism of Government Spending Shocks

Rebei, Nooman - 2017

We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of … U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption … consumption in the utility function and rule-of-thumb consumers to assess the sources of non-monotonic changes in the transmission …

Persistent link: https://www.econbiz.de/10012956500

A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries

Podpiera, Jiri - 2017

Was the post-crisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods--production function approach, basic multivariate filter, and multivariate filter with financial frictions--to evaluate potential growth and output gaps...

Persistent link: https://www.econbiz.de/10012960571

Korea's Challenges Ahead-Lessons from Japan's Experience

Zoli, Edda - 2017

This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity in the service sector and labor market duality are...

Persistent link: https://www.econbiz.de/10012962151

Fintech, Inclusive Growth and Cyber Risks : Focus on the MENAP and CCA Regions

Lukonga, Inutu - 2018

Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the...

Persistent link: https://www.econbiz.de/10012909418

Household Leverage and the Recession

Jones, Callum - 2018

consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the … response of consumption and employment to changes in debt. We estimate the model with Bayesian methods combining state and …

Persistent link: https://www.econbiz.de/10012910353

The Modern Hyperinflation Cycle : Some New Empirical Regularities

Saboin, Jose - 2019

Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...

Persistent link: https://www.econbiz.de/10012895119

Demographics, Old-Age Transfers and the Current Account

Dao, Mai - 2019

to save to meet old age consumption) affect current account levels, and that while countries with more generous unfunded …

Persistent link: https://www.econbiz.de/10012895121