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Estimating the impact of external shocks on the ECCU : application to the COVID shock

Parlak, Vivian; Salinas, Gonzalo; Vargas, Mauricio - 2021

We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...

Persistent link: https://www.econbiz.de/10012796822

Exploring the output effect of fiscal policy shocks in low income countries

Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020

statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …

Persistent link: https://www.econbiz.de/10012252736

Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries

Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019

countries. Using the local projection method, we find that, during recessions, a positive spending shock of 1 percent of GDP … shock would improve the female share of employment by 0.28 percentage point during recessions. Our findings are driven by …

Persistent link: https://www.econbiz.de/10012001474

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

Tuning in RBC growth spectra

Benk, Szilard; Csabafi, Tamas; Dang, Jing; Gillman, Max; … - 2016

utilization rate. Strong internal "amplication" results from an economy-wide productivity shock across goods and human capital … investment sectors that has variances 10,000 fold smaller than in the standard RBC TFP shock. Simulated moments are compared to …

Persistent link: https://www.econbiz.de/10011715563

Education and health for inclusiveness

Filmer, Deon; Gatti, Roberta; Rogers, Halsey; … - 2021

We discuss existing shortfalls and inequalities in the accumulation of human capital-knowledge, skills, and health. We … improve: the quality, and not just the quantity, of education and health care; outcomes for disadvantaged groups; and lifelong …