Showing 1 - 10 of 35
illustrates these techniques by applying them to Singapore. As an advanced economy with a complex financial system and rapid … adoption of fintech, Singapore serves as a good case study. We place our results in the context of recent cybersecurity …
Persistent link: https://www.econbiz.de/10012840603
Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP …. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the …, using disaggregate industry/product level trade data, we revisit Singapore's export elasticities and find that growing …
Persistent link: https://www.econbiz.de/10012995277
Zealand, Singapore, and Sweden). The case studies describe the institutional framework, its evolution, the use of …
Persistent link: https://www.econbiz.de/10013019024
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014073466
This paper investigates the performance of fiscal rules in resource-rich countries (RRC). Using panel data for 57 commodity exporting countries from 1976 to 2021, we find that fiscal rules: (i) reduce the procyclicality of real public expenditures with terms of trade in oil exporting countries,...
Persistent link: https://www.econbiz.de/10014354588
This paper presents a model-based fiscal Taylor rule and a toolkit to assess the fiscal stance, defined as the change in the structural primary balance. This is built on the normative buffer-stock model of the government (Fournier, 2019) which includes key channels like hysteresis,...
Persistent link: https://www.econbiz.de/10012839319
This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...
Persistent link: https://www.econbiz.de/10012912485
China is the most decentralized country in the world in terms of expenditures shares, with subnational governments responsible for 85 percent of government spending. Limited revenue autonomy and insufficient intergovernmental transfers have led to large unfunded mandates and a build-up of debt...
Persistent link: https://www.econbiz.de/10012918550
We look at the effect of exchange rate regimes on fiscal discipline, taking into account the effect of underlying political conditions. We present a model where strong politics (defined as policymakers facing longer political horizon and higher cohesion) are associated with better fiscal...
Persistent link: https://www.econbiz.de/10012977352
This study investigates the effect of gender budgeting in India on gender inequality and fiscal spending. Gender budgeting is an approach to budgeting in which governments use fiscal policies and administration to address gender inequality and women's advancement. There is little quantitative...
Persistent link: https://www.econbiz.de/10012977354