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-resource economy, efficiency of spending, and sustainability of fiscal outcomes, the analysis finds that, although investment … fiscal sustainability concerns are taken into consideration. Finally, a balanced composition is the preferred structure of …
Persistent link: https://www.econbiz.de/10012903112
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Despite the voluminous literature on fiscal policy, very few papers focus on low-income countries (LICs). This paper develops a new-Keynesian small open economy model to show, analytically and through simulations, that some of the prevalent features of LICs-different types of financing including...
Persistent link: https://www.econbiz.de/10011445535
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the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … floors, respectively - are then triggered to maintain debt sustainability. The paper illustrates how the model can be … particularly useful to assess debt sustainability in countries that borrow against future resource revenues to scale up public …
Persistent link: https://www.econbiz.de/10013055259
Persistent link: https://www.econbiz.de/10011642948
the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries …, respectively—are then triggered to maintain debt sustainability. The paper illustrates how the model can be particularly useful to … assess debt sustainability in countries that borrow against future resource revenues to scale up public investment …
Persistent link: https://www.econbiz.de/10014411171
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012252029
sustainability. A dynamic general equilibrium model is calibrated to reflect the structural characteristics of vulnerable low …
Persistent link: https://www.econbiz.de/10013170278