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Real-Time Macro Monitoring and Fiscal Policy
Ley, Eduardo - 2017
This paper considers the effects of inaccurate real-time output data on fiscal management, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final...
Persistent link: https://www.econbiz.de/10012974718
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The Economic Impact of International Remittances on Poverty and Household Consumption and Investment in Indonesia
Adams, Jr., Richard H. - 2017
This paper analyzes the impact of international remittances on poverty and household consumption and investment using …, households receiving remittances in 2007 spent less at the margin on one important investment good -- housing -- compared with … consumption rather than investment goods …
Persistent link: https://www.econbiz.de/10012976360
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Consumption Smoothing and Shock Persistence : Optimal Simple Fiscal Rules for Commodity Exporters
Galego 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 in a model of a small commodity-exporting country...
Persistent link: https://www.econbiz.de/10012957780
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The Potential Impact of COVID-19 on GDP and Trade : A Preliminary Assessment
Maliszewska, Maryla - 2020
The virus that triggered a localized shock in China is now delivering a significant global shock. This study simulates the potential impact of COVID-19 on gross domestic product and trade, using a standard global computable general equilibrium model. It models the shock as underutilization of...
Persistent link: https://www.econbiz.de/10012837348
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Wider Economic Benefits of Investments in Transport Corridors and the Role of Complementary Policies
Melecky, Martin - 2018
This paper estimates the impact of the Golden Quadrilateral and North-South-East-West Highways in India on welfare, social inclusion, and environmental quality. The analysis uses district-level data for 1994-2011 and the difference-in-difference method. The results suggest that the highways...
Persistent link: https://www.econbiz.de/10012926890
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Social Capital, Finance, and Consumption : Evidence from a Representative Sample of Chinese Households
Cull, Robert - 2018
Using a new, nationally representative sample of Chinese households, this paper studies how social capital affects access to credit and its implications for consumption levels. The paper focuses on two specific forms of social capital: private social networks and membership in the Communist...
Persistent link: https://www.econbiz.de/10012935257
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Cash Transfers and Temptation Goods : A Review of Global Evidence
Evans, David - 2017
Cash transfers have been demonstrated to improve education and health outcomes and alleviate poverty in various contexts. However, policy makers and others often express concern that poor households will use transfers to buy alcohol, tobacco, or other "temptation goods." The income effect of...
Persistent link: https://www.econbiz.de/10012973201
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Fiscal Policy as an Instrument of Investment and Growth
Basu, Kaushik - 2017
This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … give guarantees for reasons of fiscal prudence. The paper argues that governments and large investment guarantee agencies … be fiscally prudent and yet boost investment, especially in infrastructure, and thereby promote growth …
Persistent link: https://www.econbiz.de/10012973277
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A Regime-Based Effect of Fiscal Policy : Evidence from an Emerging Economy
Bouzid, Bechir Naier - 2017
In recent years, few authors have attempted to address the question of whether the state of the economy influences the impact of fiscal policy on the economy. Key findings have often indicated that expansionary fiscal intervention tends to be more effective when the economy is in a downturn....
Persistent link: https://www.econbiz.de/10012942459
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Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada
Tsoungui Belinga, Vincent De Paul - 2017
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/10012969405