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Ivanyna, Maksym; Salerno, Andrea - 2022

The government’s ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and...

Persistent link: https://www.econbiz.de/10013305678

Growing Apart, Losing Trust? The Impact of Inequality on Social Capital

Gould, Eric D. - 2016

There is a widespread perception that trust and social capital have declined in United States as well as other advanced … economies, while income inequality has tended to increase. While previous research has noted that measured trust declines as …-2012). The results provide robust evidence that overall inequality lowers an individual's sense of trust in others in the United …

Persistent link: https://www.econbiz.de/10012977787

Capital Account Policies in Chile Macro-Financial Considerations Along the Path to Liberalization

Carriere-Swallow, Yan - 2013

This paper recounts Chile's experience with capital account policies since the 1990s. We present how two external shocks were confronted under very different macroeconomic and capital account frameworks. We show that during the 1997-98 Asian-LTCM-Russia crisis, a closed capital account and...

Persistent link: https://www.econbiz.de/10013080858

Some Policy Lessons from Country Applications of the Dig and DIGNAR Models

Gurara, Daniel Zerfu - 2019

Over the past seven years, the DIG and DIGNAR models have complemented the IMF and World Bank debt sustainability framework (DSF) analysis, over 65 country applications. They have provided useful insights in the context of program and surveillance work, based on qualitative and quantitative...

Persistent link: https://www.econbiz.de/10012888685

Self-Employment and Support for the Dutch Pension Reform

Karpowicz, Izabela - 2019

The Netherlands' pension system is characterized by high participation rates, adequate retirement income, strong capitalization and sustainability. Pressure points are arising, however, due to population aging and untransparent intergenerational transfers inherent in the system. Moreover, the...

Persistent link: https://www.econbiz.de/10012888763

The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

He, Hui - 2019

We study, both empirically and quantitatively, the role of savings and the labor supply inself-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...

Persistent link: https://www.econbiz.de/10012888767

Two-Sided Market, R&D and Payments System Evolution

Li, Bin (Grace) - 2019

It takes many years for more efficient electronic payments to be widely used, and the fees thatmerchants (consumers) pay for using those services are increasing (decreasing) over time. Weaddress these puzzles by studying payments system evolution with a dynamic model in a twosidedmarket setting....

Persistent link: https://www.econbiz.de/10012888773

The Russian State's Size and its Footprint : Have They Increased?

Di Bella, C. Gabriel - 2019

The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...

Persistent link: https://www.econbiz.de/10012889138

Fiscal Redistribution and Social Welfare

Coady, David P. - 2019

Fiscal policy is a key tool for achieving distributional objectives in advanced economies. Thispaper embeds the discussion of fiscal redistribution within the standard social welfareframework, which lends itself to a transparent and practical evaluation of the extent anddeterminants of fiscal...

Persistent link: https://www.econbiz.de/10012889140

Struggling to Make the Grade : A Review of the Causes and Consequences of the Weak Outcomes of South Africa's Education System

Mlachila, Montfort - 2019

While South Africa has made significant improvements in basic and tertiary education enrollment, the country still suffers from significant challenges in the quality of educational achievement by almost any international metric. The paper finds that money is clearly not the main issue since the...

Persistent link: https://www.econbiz.de/10012889143