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Public Debt and Productivity : The Difficult Quest for Growth in Jamaica
Blavy, Rodolphe - 2007
provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208
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Importing Inputs for Climate Change Mitigation : The Case of Agricultural Productivity
García-Verdú, Rodrigo - 2019
This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to …
Persistent link: https://www.econbiz.de/10012889166
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Impact of the New Financial Services Law in Bolivia on Financial Stability and Inclusion
Heng, Dyna - 2016
This paper examines the impact of the new financial services law in Bolivia-including credit quotas and interest rate …
Persistent link: https://www.econbiz.de/10012998769
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The Impact of Natural Resource Discoveries in Latin America and the Caribbean : A Closer Look at the Case of Bolivia
Toscani, Frederik - 2017
-our results imply that the recent fall in prices could depress GDP per capita by several percentage points. Last, we use Bolivia …
Persistent link: https://www.econbiz.de/10012960578
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Optimal Debt Policy Under Asymmetric Risk
Escolano, Julio - 2016
In the paper we show that, most of the time, smooth reduction in the debt ratio is optimal for tax-smoothing purposes when fiscal risks are asymmetric, with large debt-augmenting shocks more likely than commensurate debt reducing shocks. Asymmetric risks are a feature of 200 years of data for...
Persistent link: https://www.econbiz.de/10012977785
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Review of the Public Financial Management Reform Strategy for Pacific Island Countries, 2010-2020
Allen, Richard; El Rayess, Majdeline; Doherty, Laura; … - 2021
This paper reviews the Public Financial Management (PFM) reform stategy for 16 Pacific Island Countries (PICs) during … reform that is also a feature of most developing countries. Some PICs have improved their PFM performance significantly … designed PFM roadmaps, variable political suppport for reform, and vulnerability to natural disasters. The paper recommends …
Persistent link: https://www.econbiz.de/10013315109
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The Effects of Economic Shocks on Heterogeneous Inflation Expectations
Chang, Yoosoon; Gómez-Rodríguez, Fabio; Hong, Gee Hee - 2022
In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which influence the expected inflation distribution through...
Persistent link: https://www.econbiz.de/10014079902
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End of the Supercycle and Growth of Commodity Producers : The Case of Chile
Eyraud, Luc - 2016
This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the...
Persistent link: https://www.econbiz.de/10012999759
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Tax Policy for Inclusive Growth in Latin America and the Caribbean
Acosta Ormaechea, Santiago; Pienknagura, Samuel; … - 2022
This study provides an overview of tax structures in LAC before the COVID-19 pandemic, compares it to OECD countries, and provides recommendations for growth-friendly and inclusive tax policy reforms. LAC countries collect significantly lower tax revenue relative to OECD countries and have tax...
Persistent link: https://www.econbiz.de/10013295146
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Assessing the Macroeconomic Impact of Structural Reforms the Case of Italy
Lusinyan, Lusine - 2013
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF's Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive package...
Persistent link: https://www.econbiz.de/10013086322