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Fiscal buffers have shrunk across the world. This paper argues that limited fiscal room in emerging market economies today is partly due to the commodity super cycle of 2000-15. The super cycle created the mirage that economic performance had structurally improved, mistaking a long,...
Persistent link: https://www.econbiz.de/10012004767
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
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This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between … empirical results indicate that most of the variation in inflation among low-income countries over the past decades is accounted … for by external shocks. More than half of the variation in core inflation rates among low-income countries is due to …
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data from 2005-15 for Argentina, Brazil, and Mexico, this paper explores the effect of a negative household income shock on … likelihood that students in upper secondary and tertiary school exit school in Argentina and Brazil, but not in Mexico. For the … three countries, the analysis finds evidence that youth who drop out due to a household income shock have worse employment …
Persistent link: https://www.econbiz.de/10011809289