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Collect More, Spend Better : Public Investment in Asian Frontier Markets
Ghazanchyan, Manuk - 2017
We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling … sustainability for three fast-growing Southeast Asian economies: Cambodia, Sri Lanka, and Vietnam. We show that a gradual public …
Persistent link: https://www.econbiz.de/10012962142
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The Growth and Stabilization Properties of Fiscal Policy in Malaysia
Rafiq, Sohrab - 2013
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian...
Persistent link: https://www.econbiz.de/10013079260
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Booms, Crises, and Recoveries : A New Paradigm of the Business Cycle and its Policy Implications
Cerra, Valerie - 2018
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for...
Persistent link: https://www.econbiz.de/10012928622
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Das Public Kapital : How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim Ali - 2015
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10013028678
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India's Recent Macroeconomic Performance : An Assessment and Way Forward
Kapur, Muneesh - 2014
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...
Persistent link: https://www.econbiz.de/10013053046
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Do Monetary Policy Frameworks Matter in Low Income Countries?
Carare, Alina; de Resende, Carlos; Levin, Andrew T.; … - 2021
In recent years, many Low-Income Countries (LICs) have implemented substantial reforms to their monetary policy frameworks, but existing economic research has not provided a clear rationale to guide those efforts. In this paper we analyze the role of monetary policy frameworks in the propagation...
Persistent link: https://www.econbiz.de/10013315132
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Credit Misallocation and Economic Growth in Vietnam
Katagiri, Mitsuru - 2019
the efficiency of financial intermediation and are an importantpolicy issue in Vietnam. This paper presents a theoretical … stateowned enterprises and private firms in Vietnam. On the theoretical side, a micro-foundedbanking model is embedded in a … political economy setting to assess the factors determiningthe size of bank recapitalization and its effects on the efficiency …
Persistent link: https://www.econbiz.de/10012860992
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Vietnam's Development Success Story and the Unfinished SDG Agenda
Baum, Anja - 2020
Despite starting as one of the poorest countries in the mid-1980s, Vietnam has achieved rapid developmental progress …, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress … towards the Sustainable Development Goals (SDGs) during this time. This paper sheds light on some elements of Vietnam …
Persistent link: https://www.econbiz.de/10012839679
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Does a Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation
Kpodar, Kangni - 2015
This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...
Persistent link: https://www.econbiz.de/10013015607
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Doing More with Less : How Can Brazil Foster Development While Pursuing Fiscal Consolidation?
Flamini, Valentina - 2019
Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that there is room for savings in education (up to 1.5 percentage point of GDP) and...
Persistent link: https://www.econbiz.de/10012858952