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Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania

Budina, Nina; Wijnbergen, Sweder van - 2000

Unsustainable fiscal deficits were the chief reason for the inflation that has persisted in Eastern Europe since 1989 …. Deficits need to be cut back, but by how much for a given inflation target? The authors develop a simple framework for debt …, the deficit, and inflation to study the interactions between fiscal and monetary policy in Romania's economy. This …

Persistent link: https://www.econbiz.de/10012571763

Inflation and Indivisible Investment in Developing Economies

Eden, Maya; Nguyen, Ha - 2014

projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment … and provides a simple calibration of the model that suggests sizable effects of inflation on investment. The mechanism is … to meet the price of indivisible investment goods. Consistent with the model, empirical evidence suggests that inflation …

Persistent link: https://www.econbiz.de/10012572511

Quantitative Approaches to Fiscal Sustainability Analysis : A New World Bank Tool Applied to Turkey

Wijnbergen, Sweder van; Budina, Nina - 2012

Fiscal sustainability analysis (FSA) is an important component of macroeconomic analysis. The authors review various quantitative approaches to FSA with a major objective to bring these approaches together and to present a user-friendly tool for FSA that reflects modern developments. They...

Persistent link: https://www.econbiz.de/10012552621

Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey

Ag??nor, Pierre-Richard; Jensen, Henning Tarp; Verghis, … - 2012

inflation expectations. The short- and long-run effects of a rise in official interest rates and tax increases are analyzed. The …

Persistent link: https://www.econbiz.de/10012553632

Debt Management in Brazil: Evaluation of the Real Plan and Challenges Ahead

Bevilaqua, Afonso S.; Garcia, Márcio Gomes Pinto - 2000

rely more on inflation-linked bonds--the least harmful way to lengthen debt maturity …

Persistent link: https://www.econbiz.de/10012571955

Disinflation and the Supply Side

Agénor, Pierre-Richard; Lodovico, Pizzati - 2000

The authors study the dynamics of output, consumption, and real wages induced by a disinflation program based on permanent and temporary reductions in the nominal devaluation rate. They use an intertemporal optimizing model of a small open economy in which domestic households face imperfect...

Persistent link: https://www.econbiz.de/10012572732

Financial Inclusion and Economic Development

Ansar, Saniya; Klapper, Leora; Singer, Dorothe - 2025

This paper reviews the impact of financial inclusion on economic development outcomes. It highlights the benefits of financial inclusion, including greater savings, improved resilience to economic shocks, and higher levels of economic empowerment, among others. It looks deeper into both the...

Persistent link: https://www.econbiz.de/10015198166

When Measure Matters : Coresidency, Truncation Bias, and Intergenerational Mobility in Developing Countries

Emran, M. Shahe; Greene, William; Shilpi, Forhad Jahan - 2016

Biases from truncation caused by coresidency restriction have been a challenge for research on intergenerational mobility. Estimates of intergenerational schooling persistence from two data sets show that the intergenerational regression coefficient, the most widely used measure, is severely...

Persistent link: https://www.econbiz.de/10012571192

Size and Age of Establishments : Evidence from Developing Countries

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2014

Survey data from 120 developing countries are used to examine the relation between establishment size and age in the formal sector. Existing research suggests that manufacturing establishments in developing countries do not grow over time, most likely because of market imperfections and...

Persistent link: https://www.econbiz.de/10012560826

Subnational Fiscal Policy in Large Developing Countries : Some Lessons from the 2008-09 Crisis for Brazil, China and India

Fardoust, Shahrokh; Ravishankar, V.J. - 2013

In response to the Great Recession of 2008, many national governments implemented fiscal stimuli packages in 2009 and 2010 to prevent further declines in aggregate demand and to jump start their economic recovery. Where subnational governments responded with fiscal contraction, as in the United...

Persistent link: https://www.econbiz.de/10012559444