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How do OECD donor countries distribute foreign aid among developing countries during their fiscal episodes?

Gnangnon, Sèna Kimm - HAL - 2013

In this paper, we investigate the effects of fiscal episodes in Organization for Economic Cooperation and Development (OECD) donor countries on the distribution of their aid expenditures towards developing countries. We use descriptive statistics provided by Alesina and Ardagna (2010) on fiscal...

Persistent link: https://www.econbiz.de/10010899478

Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - HAL - 2013

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rates has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...

Persistent link: https://www.econbiz.de/10011025565

Government Solvency, Austerity and Fiscal Consolidation in the OECD: A Keynesian Appraisal of Transversality and No Ponzi Game Conditions

Azizi, Karim; Canry, Nicolas; Chatelain, Jean-Bernard; … - HAL - 2013

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...

Persistent link: https://www.econbiz.de/10011026215

The Effect of Development Aid Unpredictability and Migrants' Remittances on Fiscal Consolidation in Developing Countries

Gnangnon, Sèna Kimm - HAL - 2012

We use panel data on seventy-four developing countries for the period 1980-2007 to examine the effects of aid unpredictability and migrants' remittances on fiscal consolidation in these countries. Two definitions of fiscal adjustment are considered and a conditional logit model is used to...

Persistent link: https://www.econbiz.de/10009654256

The consequences of Fiscal Episodes in OECD Countries for Aid Supply

Gnangnon, Sèna Kimm - HAL - 2011

This paper contributes to the established literature both on the side of fiscal consolidation (for e.g. Alesina and Perotti 1995; Alesina et al. 2010) and that of aid supplies (for e.g. Mosley 1985; Faini, 2006) by investigating the effects of fiscal episodes in OECD donor countries on their aid effort...

Persistent link: https://www.econbiz.de/10009216360

Interrelationships between Health, Environment Quality and Economic Activity: What Consequences for Economic Convergence

Drabo, Alassane - HAL - 2011

This paper examines the link between health indicators, environmental variables and economic development, and the consequences of this relationship on economic convergence for a large sample of rich and poor countries. While in economic literature income and environment are seen to have an...

Persistent link: https://www.econbiz.de/10008793866

The Multivariate k-Nearest Neighbor Model for Dependent Variables : One-Sided Estimation and Forecasting

Guegan, Dominique; Rakotomarolahy, Patrick - HAL - 2009

This article gives the asymptotic properties of multivariate k-nearest neighbor regression estimators for dependent variables belonging to Rd, d 1. The results derived here permit to provide consistent forecasts, and confidence intervals for time series An illustration of the method is given...

Persistent link: https://www.econbiz.de/10010738641

Indebtedness and macroeconomic imbalances in a monetary-union DSGE model

Badarau, Florina-Cristina; Huart, Florence; Sangaré, … - HAL - 2013

We build a two-country open-economy monetary union DSGE model in order to explain some macroeconomic imbalances in the euro area. We fo cus on the role of cyclic al behaviour of public spending and sovereign risk premium. Pro-cyclical primary public expenditures in one country do not lead to...

Persistent link: https://www.econbiz.de/10010899832

Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach

Badarau, Florina-Cristina; Levieuge, Grégory - HAL - 2011

The aim of this article is to analyze how financial heterogeneity can accentuate the cyclical divergences inside a monetary union that faces technological, monetary and financial shocks. To this purpose, this study relies on a two-country Dynamic Stochastic General Equilibrium model, where the...

Persistent link: https://www.econbiz.de/10010899901

Monetary Policy Switching in the Euro Area and Multiple Equilibria: An Empirical Investigation

Dufrénot, Gilles; Khayat, Anwar - HAL - 2014

with regime shifts implying that the stance of reaction to the inflation-gap and output-gap has varied according to the … credit risk in the private and sovereign bond markets, the monetary base and past levels of inflation, output and the shocks … affecting the European economies. We provide evidence of regimes corresponding to low to high levels of inflation with the …

Persistent link: https://www.econbiz.de/10010933828