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Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances
Gruss, Bertrand - 2012
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal...
Persistent link: https://www.econbiz.de/10014396892
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Assessing the macroeconomic impact of structural reforms in Ukraine
Ari, Anil; Pula, Gábor - 2021
quality is weakest compared to Poland, followed distantly by market competition, openness to trade and financial depth. Using …
Persistent link: https://www.econbiz.de/10012604788
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Privatization, Social Impact, and Social Safety Nets
Gupta, Sanjeev - 1999
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run … impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public …’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed …
Persistent link: https://www.econbiz.de/10014401122
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Evidenceon the Fiscal and Macroeconomic Impact of Privatization
Barnett, Steven - 2000
This paper empirically investigates the relationship between privatization and measures of fiscal and macroeconomic … performance. One of the main findings is that privatization proceeds transferred to the budget tend to be saved. Specifically …. However, by construction, this part of the study is restricted to privatization proceeds transferred to the budget, leaving …
Persistent link: https://www.econbiz.de/10014399828
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The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model
Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019
specifications-comprising both perfect competition and monopolistic competition-are used. Simulations include full elimination of …
Persistent link: https://www.econbiz.de/10012102028
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The Welfare Effects of Public Expenditure Programs Reconsidered
International Monetary Fund - 1989
The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...
Persistent link: https://www.econbiz.de/10014396379
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Implications of More Precise Information for Technological Development and Welfare
Eckwert, Bernhard - 2007
This paper analyzes the dynamic interactions between the precision of information, technological development, and welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous effects on technological progress and welfare, which...
Persistent link: https://www.econbiz.de/10014400723
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Trading Blocs and Welfare : How Trading Bloc Members Are Affected by New Entrants
Hacker, R. Scott - 1998
This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms—a small-country firm and a large-country firm within the bloc—and three markets—two within and one (new entrant’s) outside the...
Persistent link: https://www.econbiz.de/10014400765
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Welfare Implications of HIV/AIDS
Haacker, Markus - 2003
The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results...
Persistent link: https://www.econbiz.de/10014403663
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Deciding to Enter a Monetary Union : TheRole of Trade and Financial Linkages
Lama, Ruy - 2012
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10014395626