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This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It … suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica … Jamaica, and presents a newly constructed dataset that documents Jamaica’s notable market access to long-maturity, fixed …
Persistent link: https://www.econbiz.de/10014402960
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks … unanticipated developments can affect economic outcomes. First, it examines the impact on Jamaica’s economy of external economic …
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expenditure to national income was negative in Barbados, Belize and Trinidad and Tobago, but positive for Guyana and Jamaica …
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We estimate cross-border spillover effects of fiscal consolidation episodes on output, bilateral trade flows, interest rate, and the exchange rate, employing the new IMF action-based fiscal consolidation data. Results indicate a negative effect of foreign fiscal consolidation policies on...
Persistent link: https://www.econbiz.de/10009764989
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We examine fiscal adjustment episodes in 24 OECD countries in order to find how austerity affects debt and growth, and whether the choice of fiscal instrument matters for the results. Influential existing studies argue that spending cuts are more likely to successfully reduce debt and enhance...
Persistent link: https://www.econbiz.de/10010199699