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Energy Subsidies and Public Social Spending : Theory and Evidence

Ebeke, Christian - 2015

This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other...

Persistent link: https://www.econbiz.de/10013021781

Fiscal Redistribution and Social Welfare

Coady, David P. - 2019

discussion of fiscal redistribution within the standard social welfareframework, which lends itself to a transparent and … practical evaluation of the extent anddeterminants of fiscal redistribution. Differences in fiscal redistribution are decomposed … factorsexplaining differences in their fiscal redistribution and to discuss patterns in fiscalredistribution highlighted in the …

Persistent link: https://www.econbiz.de/10012889140

Global Risks and Collective Action Failures : What Can the International Community Do?

Otker-Robe, Inci - 2014

What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10013043705

Cyber Risk, Market Failures, and Financial Stability

Kopp, Emanuel - 2017

Cyber-attacks on financial institutions and financial market infrastructures are becomingmore common and more sophisticated. Risk awareness has been increasing, firms activelymanage cyber risk and invest in cybersecurity, and to some extent transfer and pool theirrisks through cyber liability...

Persistent link: https://www.econbiz.de/10012948520

A Macroeconomic Approach to the Term Premium

Kopp, Emanuel - 2018

In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise. Term premia are very sensitive to the expected future path of growth, inflation, and monetary policy, and an inflation...

Persistent link: https://www.econbiz.de/10012913929

Determinants of U.S. Business Investment

Kopp, Emanuel - 2018

U.S. business investment has taken a serious toll during the global financial crisis and also in the recovery phase investment did not pick up as expected. What is surprising is that the alleged investment slowdown happened at a time of record corporate profits and retained earnings, highly...

Persistent link: https://www.econbiz.de/10012913931

Good Will Hunting : Do Disasters Make Us More Charitable?

Cevik, Serhan - 2023

Humans are usually compassionate, caring and empathetic toward others, but are we really hardwired for altruism when a disaster hits? There is evidence that people exposed to natural disasters tend to behave more philanthropically, but most studies rely on small-scale surveys and experimental...

Persistent link: https://www.econbiz.de/10014254587

Stacking Up the Benefits : Lessons from India's Digital Journey

Alonso, Cristian; Bhojwani, Tanuj; Hanedar, Emine; … - 2023

Foundational digital public infrastructure (DPI), consisting of unique digital identification, payments system and data exchange layer has the potential to support the transformation of the economy and support inclusive growth. India’s foundational DPI, called India Stack, has been harnessed...

Persistent link: https://www.econbiz.de/10014355349

Intergenerational Implications of Fiscal Consolidation in Japan

Tokuoka, Kiichi - 2012

In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young than the old. Moreover, given the need for fiscal consolidation, the inequality is even worse than existing policy would suggest. However, this does not mean that fiscal...

Persistent link: https://www.econbiz.de/10013098611

A Framework for Efficient Government Investment

Warner, Andrew - 2013

Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies economize on spending without losing effectiveness by modifying the conceptual framework guiding state expenditures. The familiar framework says that state intervention is...

Persistent link: https://www.econbiz.de/10013085132

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