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Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Grigoli, Francesco - 2012

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10013098623

Waste Not, Want Not : The Efficiency of Health Expenditure in Emerging and Developing Economies

Grigoli, Francesco - 2013

Public health spending is low in emerging and developing economies relative to advanced economies and health outputs and outcomes need to be substantially improved. Simply increasing public expenditure in the health sector, however, may not significantly affect health outcomes if the efficiency...

Persistent link: https://www.econbiz.de/10013075544

Trade Wars and Trade Deals : Estimated Effects Using a Multi-Sector Model

Caceres, Carlos - 2019

This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U.S. auto tariffs. The second analyzes a ‘transactional...

Persistent link: https://www.econbiz.de/10012865124

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

Grigoli, Francesco - 2014

The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies by using a hybrid approach to measure the efficiency of secondary education spending in emerging...

Persistent link: https://www.econbiz.de/10013058432

Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach

Adler, Gustavo - 2015

We study the effect of foreign exchange intervention on the exchange rate relying on an instrumental-variables panel approach. We find robust evidence that intervention affects the level of the exchange rate in an economically meaningful way. A purchase of foreign currency of 1 percentage point...

Persistent link: https://www.econbiz.de/10013019011

Mobility Under the COVID-19 Pandemic : Asymmetric Effects Across Gender and Age

Caselli, Francesca; Grigoli, Francesco; Sandri, Damiano; … - 2021

Lockdowns and voluntary social distancing led to significant reduction in people's mobility. Yet, there is scant evidence on the heterogeneous effects across segments of the population. Using unique mobility indicators based on anonymized and aggregate data provided by Vodafone for Italy,...

Persistent link: https://www.econbiz.de/10013250080

Assessing Targeted Containment Policies to Fight COVID-19

Checo, Ariadne; Grigoli, Francesco; Mota, Jose M. - 2021

The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment measures. In this paper we provide an assessment of the targeted approach to containment. We propose a...

Persistent link: https://www.econbiz.de/10013250084

Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)?

Bergant, Katharina - 2020

We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …

Persistent link: https://www.econbiz.de/10012828057

COVID-19 Vaccines : A Shot in Arm for the Economy

Hansen, Niels-Jakob; Mano, Rui C. - 2022

We quantify the effect of vaccinations on economic activity in the United States using weekly county level data covering the period end-2020 to mid-2021. Causal effects are identified through instrumenting vaccination rates with county-level pharmacy density interacted with state-level vaccine...

Persistent link: https://www.econbiz.de/10013298749

Inequality and Growth : A Heterogeneous Approach

Grigoli, Francesco - 2017

The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...

Persistent link: https://www.econbiz.de/10012962147