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Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource-exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...
Persistent link: https://www.econbiz.de/10011396059
Persistent link: https://www.econbiz.de/10010242002
Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource?exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...
Persistent link: https://www.econbiz.de/10012973511
Persistent link: https://www.econbiz.de/10009618096
This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...
Persistent link: https://www.econbiz.de/10012971636
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Persistent link: https://www.econbiz.de/10010478057
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962