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The COVID-19 pandemic has upended health and living standards around the world. This article provides an interim …-economic effects in terms of living standards, education, health, and gender equality, which appear to be unprecedented in depth and …, and for the institutions of international governance, given the likelihood of future pandemics and other major shocks (e …
Persistent link: https://www.econbiz.de/10012660017
Poverty is strongly associated with worse health across countries and within countries across individuals. However, not … all poor individuals suffer from poor health: the effects of poverty on health vary across place and time. In this review … what is known about policies that may improve the health of the poor. We focus primarily on the modern-day United States …
Persistent link: https://www.econbiz.de/10015056193
We use differences between the attributes of stock issuers and repurchasers to forecast characteristic-related stock returns. For example, we show that large firms underperform following years when issuing firms are large relative to repurchasing firms. Our approach is useful for forecasting...
Persistent link: https://www.econbiz.de/10012462703
Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is...
Persistent link: https://www.econbiz.de/10012453451
We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In contrast with previous research, we identify the financial liberalization dates and examine the influence of liberalizations while controlling for a number of other macroeconomic and...
Persistent link: https://www.econbiz.de/10012470987
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is higher now than it was in 2010 and, in half of the EMDEs, debt is more than 30 percentage points of gross domestic product higher. Historically, elevated...
Persistent link: https://www.econbiz.de/10012629486
To explain the fact that government spending and tax policy are procyclical in emerging and developing countries, we develop a model for the joint behavior of optimal tax rates and government spending over the business cycle. Our set-up relies on financial frictions, which have been shown to be...
Persistent link: https://www.econbiz.de/10012616597
development affects the environment. I synthesize recent microempirical research on the environmental effects of economic … development in low- and middle-income countries. The studies that I discuss identify the causal effects of specific aspects of … economic development such as greater household purchasing power, expanded access to credit, more secure property rights …
Persistent link: https://www.econbiz.de/10012616638
is positively linked with better sustainable development outcomes. The association between fiscal consolidation and … growth as well as the sustainable development indicators, however, is not clear-cut. Jointly, more tax revenues and … expenditures, together with better governance help explain the association between economic growth and inclusive development. High …
Persistent link: https://www.econbiz.de/10012794621
developing countries in the 1970s in terms of economic theory and some international cross-section comparisons. The theory of …
Persistent link: https://www.econbiz.de/10012478047