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Mexico needs a fiscal twist : response to Covid-19 and beyond
Ahmed Hannan, Swarnali; Honjo, Keiko; Raissi, Mehdi - 2020
Mexico's fiscal response to the pandemic has been modest compared to its peers, reflecting the authorities' desire to not issue new debt for spending. This approach, however, risks a more severe recession and a weaker economic recovery, with further costs in the future. Balancing the need for...
Persistent link: https://www.econbiz.de/10012392060
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Universal basic income : debate and impact assessment
Francese, Maura; Prady, Delphine - 2018
This paper discusses the definition and modelling of a universal basic income (UBI). After clarifying the debate about what a UBI is and presenting the arguments in favor and against, an analytical approach for its assessment is proposed. The adoption of a UBI as a policy tool is discussed with...
Persistent link: https://www.econbiz.de/10011978577
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The Distributional Impact of Fiscal Policy in Honduras
Newhouse, David Locke - 2008
for significant improvement. In particular, energy subsidies, university education and public pension programs provide …
Persistent link: https://www.econbiz.de/10014401679
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Household debt, consumption, and monetary policy in Australia
Loukoianova, Elena; Wong, Yu Ching; Hussiada, Ioana - 2019
This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth households tend to have higher debt, lower-income households may become more vulnerable to rising debt service over time. Then, the paper analyzes the impact of a monetary...
Persistent link: https://www.econbiz.de/10012019787
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Monetary policy, inflation, and distributional impact : South Africa’s case
Miyajima, Ken - 2021
The South African Reserve Bank has continued to fulfill its constitutional mandate to protect the value of the local currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining low and stable inflation could at the same time...
Persistent link: https://www.econbiz.de/10012518926
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Global fossil fuel subsidies remain large : an update based on country-level estimates
Coady, David P.; Parry, Ian W. H.; Le, Nghia-Piotr; … - 2019
This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and …. Globally, subsidies remained large at USD 4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at USD 5 … global subsidies are due to domestic factors-energy pricing reform thus remains largely in countries' own national interest …
Persistent link: https://www.econbiz.de/10012019864
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Fiscal buffers for natural disasters in Pacific island countries
Nishizawa, Hidetaka; Roger, Scott; Zhang, Huan - 2019
Pacific island countries (PICs) are vulnerable severe natural disasters, especially cyclones, inflicting large losses on their economies. In the aftermath of disasters, PIC governments face revenue losses and spending pressures to address post-disaster relief and recovery efforts. This paper...
Persistent link: https://www.econbiz.de/10012102133
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Food price shocks and household consumption in developing countries : the role of fiscal policy
Meyimdjui, Carine; Combes, Jean-Louis - 2021
Persistent link: https://www.econbiz.de/10012487299
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The distributional impact of recessions : the Global Financial Crisis and the Pandemic Recession
Shibata, Ippei - 2020
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...
Persistent link: https://www.econbiz.de/10012251998
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Modeling the U.S. climate agenda : macro-climate trade-offs and considerations
Barrett, Philip; Bergant, Katharina; Chateau, Jean; … - 2021
endogenous fuel-specific technological change shows that subsidies cannot substitute for explicit carbon pricing and that even a …
Persistent link: https://www.econbiz.de/10012795050