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From Containment to Rationalization : Increasing Public Expenditure Efficiency in France
Hallaert, Jean-Jacques - 2016
where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable …
Persistent link: https://www.econbiz.de/10012996033
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Strengthening Public Expenditure Efficiency : Investment and Social Spending in Bulgaria
Hallaert, Jean-Jacques; Primus, Keyra - 2022
efficiency of spending is, therefore, crucial. This paper discusses how this can be achieved in four areas (public investment …
Persistent link: https://www.econbiz.de/10014082662
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Fiscal Consolidation and Firm Level Productivity : Evidence from Advanced Economies
Van Long, Ngo; Tuuli, Maxwell - 2022
Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal consolidation on firm level productivity in 12 advanced...
Persistent link: https://www.econbiz.de/10014079907
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Improving Public Infrastructure in the Philippines
Komatsuzaki, Takuji - 2016
public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment … and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure … investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and …
Persistent link: https://www.econbiz.de/10012996062
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Canada's Potential Growth : Another Victim of the Crisis
Estevão, Marcello M. - 2011
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...
Persistent link: https://www.econbiz.de/10013134722
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Canada's Potential Growth : Another Victim of the Crisis?
Estevão, Marcello M. - 2011
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...
Persistent link: https://www.econbiz.de/10013127582
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Financial Crises, Investment Slumps, and Slow Recoveries
Cerra, Valerie; Hakamada, Mai; Lama, Ruy - 2022
One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...
Persistent link: https://www.econbiz.de/10013306789
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The Pre-Crisis Capital Flow Surge to Emerging Europe : Did Countercyclical Fiscal Policy Make a Difference?
Atoyan, Ruben - 2012
A push-pull-brake model of capital flows is used to study the effects of fiscal policy changes on private capital flows to emerging Europe during 2000-07. In the model, countercyclical fiscal policy has two opposing effects on capital inflows: (i) a conventional absorption-reducing effect, as a...
Persistent link: https://www.econbiz.de/10013098584
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Great Recession and Fiscal Squeeze at U.S. Subnational Government Level
Jonas, Jiri - 2012
The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states responded to close the budget gaps in order to obey the balanced budget provisions. It highligts the...
Persistent link: https://www.econbiz.de/10013098614
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What Determines Government Spending Multipliers?
Corsetti, Giancarlo - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10013102258