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Big Government, High Debt, and Fiscal Adjustment in Small States

Ota, Rui - 2008

Using a new fiscal dataset for small states, this paper analyzes the link between country size, government size, debt, and economic performance. It finds that on average small states have larger governments and higher public debt. Although there are intrinsic factors that explain why governments...

Persistent link: https://www.econbiz.de/10014401334

Central bank governance and the role of nonfinancial risk management

Khan, Ashraf - 2016

This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and...

Persistent link: https://www.econbiz.de/10011434737

Can good governance lower financial intermediation costs?

Jarmuzek, Mariusz; Lybek, Tonny - 2018

This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...

Persistent link: https://www.econbiz.de/10011978660

What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture

Paul, Elisabeth - 2006

This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and empirical studies into a stylized analytical framework that reflects realistic...

Persistent link: https://www.econbiz.de/10014401974

Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Grigoli, Francesco - 2012

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10014395682

Governance for inclusive growth

Ivanyna, Maksym; Salerno, Andrea - 2021

The government's ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and...

Persistent link: https://www.econbiz.de/10012604784

Accounting Challenges for Semi-Autonomous Revenue Agencies (SARAs) in Developing Countries

Terkper, Seth E. - 2008

fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required … to prepare accrual records that may diverge from a treasury''s cash accounting records. Their records reflect revenues … generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting …

Persistent link: https://www.econbiz.de/10014401680

Optimal control of a global model of climate change with adaptation and mitigation

Atolia, Manoj; Loungani, Prakash; Maurer, Helmut; … - 2018

The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment studying the dynamics of the transition to a low...

Persistent link: https://www.econbiz.de/10011978566

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 during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate...

Persistent link: https://www.econbiz.de/10012021994

U.S. investment since the Tax Cuts and Jobs Act of 2017

Kopp, Emanuel; Leigh, Daniel; Mursula, Susanna; … - 2019

There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA primarily as a windfall for shareholders. We find that U.S....

Persistent link: https://www.econbiz.de/10012022032

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