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Fiscal consequences of terrorism
Cevik, Serhan; Ricco, John - 2015
This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and … expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal … robust to alternative specifications and empirical strategies. On the other hand, we find strong evidence that terrorism is …
Persistent link: https://www.econbiz.de/10011408259
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VAT Attacks!
Keen, Michael - 2007
and speed of its spread around the world, and the revenue that it raises, the VAT would seem to have been a remarkable …
Persistent link: https://www.econbiz.de/10014401162
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Inflation and conflict in Iraq : the economics of shortages revisited
Grigorian, David A.; Kock, Udo - 2010
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past. We build a theoretical model based on the insights into the workings...
Persistent link: https://www.econbiz.de/10014402642
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Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries
Clements, Benedict J. - 2002
This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis … estimates are consistent with the hypothesis that conflict and terrorism have a significant negative impact on growth through … conflict and terrorism …
Persistent link: https://www.econbiz.de/10014400047
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Crises, labor market policy, and unemployment
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10009572447
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Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Persistent link: https://www.econbiz.de/10009572457
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Fiscal policy and the current account : are microstates different?
Endegnanew, Yehenew; Amo-Yartey, Charles; Turner-Jones, … - 2012
This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs panel regression and panel vector autoregression (VAR) on 155 countries of which 42...
Persistent link: https://www.econbiz.de/10009572529
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Short-term wholesale funding and systemic risk : a global CoVaR approach
Lopez-Espinosa, German; Moreno, Antonio; Rubia, Antonio; … - 2012
Persistent link: https://www.econbiz.de/10009572535
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Central bank credit to the government : what can we learn from international practices?
Jácome, Luis Ignacio; Matamoros-Indorf, Marcela; … - 2012
Persistent link: https://www.econbiz.de/10009423901
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Foreign banks : trends, impact and financial stability
Claessens, Stijn; Horen, Neeltje van - 2012
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...
Persistent link: https://www.econbiz.de/10009424698