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The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies

Furceri, Davide - 2017

This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and...

Persistent link: https://www.econbiz.de/10012943953

The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies

Abiad, Abdul G. - 2015

investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public …

Persistent link: https://www.econbiz.de/10013021776

The Distributional Effects of Government Spending Shocks in Developing Economies

Furceri, Davide - 2018

We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....

Persistent link: https://www.econbiz.de/10012922628

Implementing the United States' Domestic and International Climate Mitigation Goals : A Supportive Fiscal Policy Approach

Parry, Ian - 2021

The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and...

Persistent link: https://www.econbiz.de/10013238141

To Pass (or Not to Pass) Through International Fuel Price Changes to Domestic Fuel Prices in Developing Countries : What are the Drivers?

Imam, Patrick A.; Kpodar, Kangni - 2021

While many developing countries limit the international fuel price pass through to domestic fuel prices, others do not. Against this backdrop, we examine the factors that determine whether governments allow international fuel price changes to be passed through to domestic prices in developing...

Persistent link: https://www.econbiz.de/10013315098

Still Not Getting Energy Prices Right : A Global and Country Update of Fossil Fuel Subsidies

Vernon, Nate; Parry, Ian; Black, Simon - 2022

This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated...

Persistent link: https://www.econbiz.de/10013306748

Fiscal Policies for Achieving Finland's Emission Neutrality Target

Parry, Ian; Wingender, Philippe - 2022

Finland has pledged to cut net greenhouse gas emissions to zero by 2035 and has sectoral targets for deploying electric vehicles, phasing out coal generation, and oil-based space heating. Fiscal policies at the national and sectoral level could play a critical role in achieving these objectives....

Persistent link: https://www.econbiz.de/10013306788

Chasing the Sun and Catching the Wind : Energy Transition and Electricity Prices in Europe

Cevik, Serhan; Ninomiya, Keitaro - 2022

European power markets are in the midst of unprecedented changes, with a record-breaking surge in energy prices.This paper investigates the impact of green power resources on the level and volatility of wholesale electricity prices at a granular level, using monthly observations for a panel of...

Persistent link: https://www.econbiz.de/10014241884

Oil Price Volatility and the Role of Speculation

Beidas-Strom, Samya - 2015

-run impact is smaller than that of flow demand shocks but possibly larger than that of flow supply shocks …

Persistent link: https://www.econbiz.de/10013028690

The Differential Effects of Oil Demand and Supply Shocks on the Global Economy

Cashin, Paul Anthony - 2012

countries/regions over the period 1979-2011Q2, to discriminate - between supply-driven and demand-driven oil-price shocks and to …-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …

Persistent link: https://www.econbiz.de/10013098275

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