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The Yen and its East Asian Neighbors, 1980-1995 : Cooperation or Competition?
Takagi, Shinji - 2021
closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other …
Persistent link: https://www.econbiz.de/10013246656
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Recovery and Sustainability in East Asia
Park, Yung Chul; Lee, Jong-Wha - 2021
This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and...
Persistent link: https://www.econbiz.de/10013227193
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The Impact of Domestic Travel Bans on Covid-19 is Nonlinear in Their Duration
Burlig, Fiona; Sudarshan, Anant; Schlauch, Garrison - 2021
using a natural experiment in India as well as data from China, Indonesia, the Philippines, South Africa, and Kenya …
Persistent link: https://www.econbiz.de/10013230605
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Can Electronic Procurement Improve Infrastructure Provision? Evidence from Public Works in India and Indonesia
Lewis-Faupel, Sean - 2015
this paper we develop a unique micro-dataset on public works procurement from two fast-growing economies, India and … Indonesia, and use regional and time variation in the adoption of e-procurement across both countries to examine its impact. We … improvements. In India, where we observe an independent measure of construction quality, e-procurement improves the average road …
Persistent link: https://www.econbiz.de/10013033032
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Russia's Fiscal Gap
Goryunov, Eugene - 2013
Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...
Persistent link: https://www.econbiz.de/10013073203
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Fiscal Policy and Macroeconomic Uncertainty in Developing Countries : The Tale of the Tormented Insurer
Mendoza, Enrique G. - 2007
Governments in emerging markets often behave like a quot;tormented insurer,quot; trying to use non-state-contingent debt instruments to avoid cuts in payments to private agents despite large fluctuations in public revenues. In the data, average public debt-GDP ratios decline as the variability...
Persistent link: https://www.econbiz.de/10012778262
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The Distribution of Congressional Spending During the American Revolution, 1775-1780 : The Problem of Geographic Balance
Grubb, Farley - 2010
Resources to fight the War for Independence from Great Britain (1775-1783) were to be provided to the U.S. Congress by the individual states based on each state's population share in the united colonies. Congressional spending, however, largely flowed to where the theater of war was located....
Persistent link: https://www.econbiz.de/10012758488
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Colonial New Jersey's Provincial Fiscal Structure, 1709-1775 : Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace
Grubb, Farley - 2015
The spending obligations and revenue sources of colonial New Jersey's provincial government for the years 1704 through 1775 are reconstituted using forensic accounting techniques from primary sources. Such has not been done previously for any British North American colony. These data are used to...
Persistent link: https://www.econbiz.de/10013022924
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Special Interest Groups and the Allocation of Public Funds
Singhal, Monica - 2021
A long-standing puzzle in the fiscal federalism literature is the empirical non-equivalence in government spending from grants and other income. I propose a fully rational model in which violations of fungibility arise from dynamic interactions between politicians and interest groups with the...
Persistent link: https://www.econbiz.de/10013313674
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Identifying Government Spending Shocks : It's All in the Timing
Ramey, Valerie A. - 2009
Do shocks to government spending raise or lower consumption and real wages? Standard VAR identification approaches show a rise in these variables, whereas the Ramey-Shapiro narrative identification approach finds a fall. I show that a key difference in the approaches is the timing. Both...
Persistent link: https://www.econbiz.de/10013155114