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Externalities, incentives, and failure to achieve national objectives in decentralized economies
Aizenman, Joshua - In: Journal of development economics 41 (1993) 1, pp. 95-114
Persistent link: https://www.econbiz.de/10001142391
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Financial crisis and the paradox of under- and over-regulation
Aizenman, Joshua - 2009
Persistent link: https://www.econbiz.de/10003850280
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Financial crisis and the paradox of underregulation and overregulation
Aizenman, Joshua - In: Lessons from East Asia and the global financial crisis …, (pp. 213-234). 2011
Persistent link: https://www.econbiz.de/10009503459
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2009
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10012463631
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Preventing Currency Crises in Emerging Markets
Aizenman, Joshua (contributor);  … - 2009
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...
Persistent link: https://www.econbiz.de/10014487958
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2010
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10013152612
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Fiscal space and government-spending & tax-rate cyclicality patterns : a cross-country comparison, 1960-2016
Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; … - 2018
Persistent link: https://www.econbiz.de/10011915468
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Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns : A Cross-Country Comparison, 1960-2016
Aizenman, Joshua - 2018
This paper compares fiscal cyclicality across advanced and developing countries, geographic regions as well as income levels over 1960-2016 period, then identifies factors that explain countries' government spending and tax-policy cyclicality. Public debt/tax base ratio provides a more robust...
Persistent link: https://www.econbiz.de/10012480665
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The political economy of the Covid-19 fiscal stimulus packages of 2020
Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; … - 2021
Almost all countries announced fiscal support programs once COVID-19 hit. However, there was significant diversity in the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political, financial, social, and economic factors - these factors...
Persistent link: https://www.econbiz.de/10012628797
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Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns : A Cross-Country Comparison, 1960-2016
Aizenman, Joshua - 2018
This paper compares fiscal cyclicality across advanced and developing countries, geographic regions as well as income levels over 1960–2016 period, then identifies factors that explain countries' government spending and tax-policy cyclicality. Public debt/tax base ratio provides a more robust...
Persistent link: https://www.econbiz.de/10012911464