Similar Search Results

Reported Social Unrest Index : March 2022 Update

Barrett, Philip - 2022

This paper updates the Reported Social Unrest Index of Barrett et al (2020), reviewing recent developments in social unrest worldwide since the start of the COVID-19 Pandemic. It shows that unrest was elevated during late 2019, coincident with widespread protests in Latin America. Unrest then...

Persistent link: https://www.econbiz.de/10014083504

Flattening the Insolvency Curve : Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Bauer, A.; Craig, R.; Garrido, José María; Kang, … - 2021

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the...

Persistent link: https://www.econbiz.de/10013243068

Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Grigoli, Francesco - 2012

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10013098623

Benchmarking Infrastructure Using Public Investment Efficiency Frontiers

Kapsoli, Javier; Mogues, Tewodaj; Verdier, Genevieve - 2023

With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure for many countries, particularly in the context of post-pandemic recovery and rising debt emanating from higher energy costs and other pressures. Estimating investment...

Persistent link: https://www.econbiz.de/10014356351

Governments’ Payment Discipline : The Macroeconomic Impact of Public Payment Delays and Arrears

Checherita-Westphal, Cristina - 2015

This paper considers the impact of changes in the payment discipline of governments on the private sector. We argue that increased delays in public payments can affect private sector liquidity and profits and hence ultimately economic growth. We test this prediction empirically for European...

Persistent link: https://www.econbiz.de/10013027628

To Bet or Not to Bet : Copper Price Uncertainty and Investment in Chile

Comelli, Fabio - 2017

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile's adjustment capacity to external shocks. Following...

Persistent link: https://www.econbiz.de/10012966554

Policy Uncertainty in Japan

Arbatli, Elif C. - 2017

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty....

Persistent link: https://www.econbiz.de/10012950422

Optimal Fiscal Adjustment Under Uncertainty

Rozenov, Rossen - 2016

The paper offers a non-probabilistic framework for representation of uncertainty in the context of a simple linear-quadratic model of fiscal adjustment. Instead of treating model disturbances as random variables with known probability distributions, it is only assumed that they belong to some...

Persistent link: https://www.econbiz.de/10012982445

The Impact of Political Uncertainty on Asset Prices : The Case of the United Kingdom's EU Membership Referendum

Hanna, Joseph; Hansen, Niels-Jakob Harbo; MacDonald, Margaux - 2021

How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 affect prices in financial markets? We study this using high frequency data from betting and financial markets. We find that a one percentage point increase in the probability of...

Persistent link: https://www.econbiz.de/10013243058

Aggregate Uncertainty and the Supply of Credit

Valencia, Fabian - 2013

examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk … credit supply is achieved by looking at the differential response of banks according to their level of capitalization …. Consistent with the theoretical predictions, increases in uncertainty reduce the supply of credit, more so for banks with lower …

Persistent link: https://www.econbiz.de/10013071363