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in the People’s Republic of China, the Republic of Korea, the Philippines, and Singapore. As expected, the nature of …Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia … region’s rebalancing process. What matters most for rebalancing are specific fiscal measures tailored to each country …
Persistent link: https://www.econbiz.de/10014189932
countries. Included are case studies of four developing countries in the Asian region — Malaysia, Indonesia, the Philippines …, and Singapore. The findings point to a rich diversity in both the size and composition of fiscal stimulus and the … market informality through improvements in the business environment; (iii) safeguarding fiscal sustainability; (iv) re-balancing …
Persistent link: https://www.econbiz.de/10013124107
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery … which it crowds out private investment and consumption. In the medium term, the use of fiscal policy to promote rebalancing … of fiscal policy as a tool for both short-run macroeconomic stabilization and medium- to long-term structural rebalancing …
Persistent link: https://www.econbiz.de/10011432688
in the People’s Republic of China, the Republic of Korea, the Philippines, and Singapore. As expected, the nature of …Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia … region’s rebalancing process. What matters most for rebalancing are specific fiscal measures tailored to each country …
Persistent link: https://www.econbiz.de/10009245403
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery … which it crowds out private investment and consumption. In the medium term, the use of fiscal policy to promote rebalancing … of fiscal policy as a tool for both short-run macroeconomic stabilization and medium- to long-term structural rebalancing …
Persistent link: https://www.econbiz.de/10009245411
This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special focus on twelve Euro-zone members and a control group...
Persistent link: https://www.econbiz.de/10011557773
This paper seeks to identify the most promising fiscal strategy to boost long-term economic growth in Argentina and quantify its effects. To this end, the authors updated a growth-diagnostics study for Argentina and corroborated that low appropriability of social returns and insufficient public...
Persistent link: https://www.econbiz.de/10011303821
We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...
Persistent link: https://www.econbiz.de/10011490895
This paper studies the determinants of economic growth and the role of the public budget in European Union (EU) member states in Central and Eastern Europe, that joined the European Union in 2004, with a balanced data set from 1996 until 2012. A special focus is set on the relationship between...
Persistent link: https://www.econbiz.de/10011504503
The paper reviews the economic risks associated with regimes of high public debt through DSGE model simulations. The large public debt build-up following the 2009 global financial and economic crisis acted as a shock absorber for output, while in the recent and more severe COVID19-crisis, an...
Persistent link: https://www.econbiz.de/10012251324