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the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher …
Persistent link: https://www.econbiz.de/10012685001
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10012690573
Intro -- Contents -- I. INTRODUCTION -- II. MAGNITUDE, FINANCING, AND DISTRIBUTION OF CONSUMER SUBSIDIES -- III. COUNTRY CASE STUDIES -- IV. CONCLUDING REMARKS -- APPENDIX I. IDENTIFYING MAGNITUDE AND FINANCING OF FUEL SUBSIDIES -- APPENDIX II. EVALUATING SIZE AND DISTRIBUTION OF REAL INCOME...
Persistent link: https://www.econbiz.de/10012691148
used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal …
Persistent link: https://www.econbiz.de/10015058920
The public debt profile has improved in Bolivia in recent years, with regard to both the maturity structure and the … currency composition. This paper analyzes changes in the public debt profile in Bolivia since 2000, and the role played by … incompleteness. We also compare the debt profile of Bolivia with those of other countries in Latin America, and find that there is …
Persistent link: https://www.econbiz.de/10014409036
the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher …
Persistent link: https://www.econbiz.de/10014409037
This paper surveys dynamic stochastic general equilibrium models with financial frictions in use by central banks and discusses priorities for future development of such models for the purpose of monetary and financial stability analysis. It highlights the need to develop macrofinancial models...
Persistent link: https://www.econbiz.de/10009423918
This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to the world economy, including the post-1929 crash and WWII, and changing economic paradigms, such as the collapse of the gold standard and the rise and fall of the Bretton Woods...
Persistent link: https://www.econbiz.de/10009618509
The degree of an economy's monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP--...
Persistent link: https://www.econbiz.de/10009618525
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572