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Financial Liberalization and the Information Content of Money in Indonesia, Korea, and the Philippines
Hamann, A. Javier - 1993
countries that underwent financial sector reform during the 1980s: Indonesia, Korea, and the Philippines. Special attention is … prices in Korea, on prices only in the Philippines, and did not contain any advance information in Indonesia. The …
Persistent link: https://www.econbiz.de/10014398026
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Output Fluctuations and Monetary Shocks : Evidence From Colombia
Reinhart, Vincent - 1991
Using annual data for Colombia over the last thirty years and a new battery of econometric techniques, we test opposing theories that explain macroeconomic fluctuations: The neoclassical synthesis, which posits that, in the presence of temporary price rigidity, an unanticipated monetary...
Persistent link: https://www.econbiz.de/10014396328
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Modeling inflation in Chad
Kinda, Tidiane - 2011
Persistent link: https://www.econbiz.de/10009486198
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Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012252736
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Evaluating changes in the transmission mechanism of government spending shocks
Rebei, Nooman - 2017
of the shock. The iterative full information estimation of the model reveals that changes in the co-movement between …
Persistent link: https://www.econbiz.de/10011716708
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Tax reforms and fiscal shock smoothing
Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019
This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies … magnitude of shock smoothing increases from an average of 2 percent to 3-3 1\2 percent following the reform. The effects are … symmetric-that is, the increase in shock smoothing following a reform expanding the tax base (rate) is similar to the decline in …
Persistent link: https://www.econbiz.de/10012021994
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The distributional effects of government spending shocks in developing economies
Furceri, Davide; Ge, Jun; Loungani, Prakash; Melina, … - 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/10011848133
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The (subjective) well-being cost of fiscal policy shocks
Eklou, Kodjovi M.; Fall, Mamour - 2020
Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...
Persistent link: https://www.econbiz.de/10012170083
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Oil price shocks and economic growth in oil-exporting countries : does the size of government matter?
Sadeghi, Amir - 2017
government expenditure-to-(non-oil) GDP ratio) is larger, non-oil output growth, in response to a positive oil price shock, tends …
Persistent link: https://www.econbiz.de/10011781275
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Modeling Inflation in Chad
Kinda, Tidiane - 2011
This paper examines the determinants of inflation in Chad using quarterly data from 1983:Q1 to 2009:Q3. The analysis is based on a single-equation model, completed by a structural vector auto regression model to capture inflation persistence. The results show that the main determinants of...
Persistent link: https://www.econbiz.de/10014402555