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This paper studies the volatility of fiscal policy in a large sample of countries with a focus on emerging markets and … percentage of the cross-country variation in volatility. The existence of fiscal rules, a more liberalized capital account, and … more flexible exchange rates are all associated with lower fiscal policy volatility. The paper also shows the negative …
Persistent link: https://www.econbiz.de/10014312645
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The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10014399779
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This paper investigates the role of fiscal policy on financial development in Sub-Saharan African economies, drawing on a sample of 23 countries from 2000 to 2021 using the panel ARDL method after evidencing stationarity and co-integration properties among the variables. Our results show that an...
Persistent link: https://www.econbiz.de/10014535366
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and … volatility positively and significantly influences economic growth when growth in government spending is below 6 percent. Above … this 6 percent threshold, volatility exerts an insignificant effect on economic growth. In light of the adoption of a free …
Persistent link: https://www.econbiz.de/10011870188
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This paper establishes that output volatility and the size of output drops have declined across all countries over the …. The favorable trends in output volatility and large output drops in developing countries are found to result from lower … country-specific volatility and more benign country-specific events. Evidence from cross-section regressions over the 1970 …
Persistent link: https://www.econbiz.de/10012776975
This paper establishes that output volatility and the size of output drops have declined across all countries over the …. The favorable trends in output volatility and large output drops in developing countries are found to result from lower … country-specific volatility and more benign country-specific events. Evidence from cross-section regressions over the 1970 …
Persistent link: https://www.econbiz.de/10014400573