Narrow search
Showing 1 - 10 of 786
Cover Image
Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries
Gurara, Daniel - 2017
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …
Persistent link: https://www.econbiz.de/10012942335
Cover Image
Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?
Noumon, Codjo Neree - 2016
Few papers have attempted to assess the role of 'capacity,' especially in the area of macroeconomic statistics. Consequently, we make an attempt to advance this literature through the construction of a 'statistical capacity building index,' and then test its explanatory power on the cyclicality...
Persistent link: https://www.econbiz.de/10012977758
Cover Image
Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World
Bova, Elva - 2015
fiscal frameworks during and after large stabilization and policy reform episodes. The paper also finds that the greater use …
Persistent link: https://www.econbiz.de/10013032930
Cover Image
Macroeconomic Stability in Resource-Rich Countries : The Role of Fiscal Policy
Bova, Elva - 2016
Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal policies to help shield the domestic economy. Taking advantage of a new dataset...
Persistent link: https://www.econbiz.de/10012996065
Cover Image
Investing to Mitigate and Adapt to Climate Change : A Framework Model
Bonen, Tony - 2017
We propose a macroeconomic model to assess optimal public policy decisions in the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused...
Persistent link: https://www.econbiz.de/10012967108
Cover Image
What Matters for Financial Development and Stability?
Almarzoqi, Raja - 2015
This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck & Feyen (2013) and formalized by Barajas et al...
Persistent link: https://www.econbiz.de/10013015608
Cover Image
The Sources of Business Cycles in a Low Income Country
Houssa, Romain - 2015
We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions...
Persistent link: https://www.econbiz.de/10013025500
Cover Image
Monetary Policy Transmission and Financial Stability in a LIC : The Case of Bangladesh
Rafiq, Sohrab - 2016
This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....
Persistent link: https://www.econbiz.de/10013002148
Cover Image
Should Korea Worry About a Permanently Weak Yen?
Ree, Jack - 2015
Three years have passed since the Bank of Japan's asset purchase program was introduced in 2011, causing a sharp decline in the value of the Japanese Yen. What would be the implications for Japan and Korea's exporters if the weak Yen is here to stay? We explore this question by examining...
Persistent link: https://www.econbiz.de/10013016594
Cover Image
G-20 Data Gaps Initiative II : Meeting the Policy Challenge
Heath, Robert - 2016
The G-20 Data Gaps Initiative (DGI), which aimed at addressing the information needs that were revealed by the 2007/2008 global financial crisis, concluded its first phase and started a second phase (DGI-2) with the endorsement of G-20 Finance Ministers and Central Bank Governors in September...
Persistent link: https://www.econbiz.de/10012996036