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Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...
Persistent link: https://www.econbiz.de/10011852652
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary...
Persistent link: https://www.econbiz.de/10012518323
This paper assesses empirically the links among a country''s institutions and political environment, its implementation of IMF-supported programs, and macroeconomic performance in a sample of 197 programs approved between 1992 and 2002. We find that a stronger institutional and political...
Persistent link: https://www.econbiz.de/10014399532
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
Persistent link: https://www.econbiz.de/10011282730
Persistent link: https://www.econbiz.de/10009419621
This paper reviews public expenditure in Lithuania to identify areas where deeper structural reforms may be warranted … to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania …
Persistent link: https://www.econbiz.de/10011445593
This paper reviews Lithuania’s fiscal consolidation since 2009, assesses the contribution of revenue and expenditure to … lowest revenue-to-GDP ratio in the EU, Lithuania’s fiscal adjustment has so far relied mainly on expenditure measures, with … the quality of measures deteriorating over time. The analysis also suggests that Lithuania’s tax system, in comparison …
Persistent link: https://www.econbiz.de/10012667559
Lithuania's current credit cycle highlights the strong link between housing prices and credit. We explore this … countries during1995-2017. We find a high degree of synchronization between Lithuania's credit and housing price cycles. Panel … in housing prices, credit, and output within and outside Lithuania strongly impact Lithuania's credit …
Persistent link: https://www.econbiz.de/10011878703
Like most transition economies, Bulgaria, Lithuania, and Mongolia suffered severe banking crises, which had to be …
Persistent link: https://www.econbiz.de/10014403652