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Cyclicality of Fiscal Policy in Sub-Saharan Africa : Magnitude and Evolution

Calderon, Cesar - 2017

the cyclical properties of real government consumption in the region with those in other developing regions and high … finds that government consumption is procyclical in Sub-Saharan African countries, more so than in other regions, and that … evidence does not suggest that resource wealth or fragility increases the procyclicality of government consumption in Sub …

Persistent link: https://www.econbiz.de/10012245974

How Do We Prioritize the GHG Mitigation Options? : Development of a Marginal Abatement Cost Curve for the Building Sector in Armenia and Georgia

Timilsina, Govinda - 2016

Armenia and Georgia are taking the climate change agenda seriously and contributing to efforts for mitigating global climate change through various ways, including preparation of low-carbon development strategies for their future economic growth. The improvement of energy efficiency is one of...

Persistent link: https://www.econbiz.de/10012246050

Non-Renewable Resources, Fiscal Rules, and Human Capital

Levine, Paul - 2016

This paper develops a multi-sector, small open economy Dynamic Stochastic General Equilibrium model, which includes the accumulation of human capital, built via public expenditures in education and health. Four possible fiscal rules are examined for total public investment in infrastructure,...

Persistent link: https://www.econbiz.de/10012246058

New Evidence on the Cyclicality of Fiscal Policy

Carneiro, Francisco G. - 2015

Persistent link: https://www.econbiz.de/10012246115

Review of International Practices for Determining Medium-Term Resource Needs of Spending Agencies

Di Francesco, Michael - 2015

Persistent link: https://www.econbiz.de/10012246119

Consumption Smoothing and Shock Persistence : Optimal Simple Fiscal Rules for Commodity Exporters

Mendes, Arthur - 2017

A common criticism of balanced budget fiscal rules is that they increase the consumption volatility of financially … constrained households who are unable to smooth consumption. This paper evaluates the welfare consequences of simple fiscal rules … to perfectly smooth constrained households' consumption without adversely affecting unconstrained households …

Persistent link: https://www.econbiz.de/10012246187

Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada

Belinga, Vincent - 2016

What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada following the recession started with an expansionary phase...

Persistent link: https://www.econbiz.de/10012246237

Disaster Risk Management and Fiscal Policy : Narratives, Tools, and Evidence Associated with Assessing Fiscal Risk and Building Resilience

Mechler, Reinhard - 2016

This paper addresses the question whether and how co-benefits, through disaster resilience building, can be further promoted. Co-benefits are defined as positive externalities that arise deliberately as a result of a joint strategy that pursues several objectives synergistically at the same...

Persistent link: https://www.econbiz.de/10012246256

The Distributional Impact of Fiscal Policy in South Africa

Inchauste, Gabriela - 2015

This paper uses the 2010/11 Income and Expenditure Survey for South Africa to analyze the progressivity of the main tax and social spending programs and quantify their impact on poverty and inequality. The paper also assesses the redistributive effectiveness of fiscal interventions given the...

Persistent link: https://www.econbiz.de/10012246409

Business Cycles in the Eastern Caribbean Economies : The Role of Fiscal Policy and Interest Rates

Carneiro, Francisco - 2016

paper shows that macroeconomic aggregates in this region are quite volatile, with consumption exhibiting higher volatility …

Persistent link: https://www.econbiz.de/10012246491