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To Pass (or Not to Pass) Through International Fuel Price Changes to Domestic Fuel Prices in Developing Countries : What are the Drivers?

Imam, Patrick; Kpodar, Kangni - 2021

While many developing countries limit the international fuel price pass through to domestic fuel prices, others do not …. Against this backdrop, we examine the factors that determine whether governments allow international fuel price changes to be … evidence is found that political variables or environmental policies matter with regard to fuel price dynamics in the short …

Persistent link: https://www.econbiz.de/10013315098

New Insights into ECCU's Tourism Sector Competitiveness

Ghazanchyan, Manuk - 2019

Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries. Unfortunately, the evidence shows that tourism arrivals to the ECCU...

Persistent link: https://www.econbiz.de/10012864113

Taxing Telecommunications in Developing Countries

Matheson, Thornton - 2017

Developing countries apply numerous sector-specific taxes to telecommunications, whose buoyant revenues and formal enterprises provide a convenient 'tax handle'. This paper explores whether there is an economic rationale for sector-specific taxes on telecommunications and, if so, what form they...

Persistent link: https://www.econbiz.de/10012942330

The Algebraic Galaxy of Simple Macroeconomic Models : A Hitchhiker's Guide

Tanner, Evan - 2017

Simple macroeconomic frameworks like the IS/LM have survived because they help us conceptualize complex problems while also providing ‘back of the envelope' estimates of macroeconomic outcomes. Herein, a bare-bones New Keynesian extension of the IS/LM model yields solutions for core macro...

Persistent link: https://www.econbiz.de/10012950427

Australia's Linkages with China : Prospects and Ramifications of China's Economic Transition

Karam, Philippe D. - 2018

China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition to a services-driven, consumer-led economy....

Persistent link: https://www.econbiz.de/10012913908

A New Strategy for Korea's Fiscal Policy in a Low Growth Environment

Zoli, Edda - 2018

Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper presents projections of Korea's fiscal outlook, using new estimates of potential...

Persistent link: https://www.econbiz.de/10012918473

Corporate Tax Reform : From Income to Cash Flow Taxes

Carton, Benjamin - 2019

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a...

Persistent link: https://www.econbiz.de/10012892930

The Direct Employment Impact of Public Investment

Moszoro, Marian W. - 2021

We evaluate the direct employment effect of the public investment in key infrastructure—electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that US$1 million of public spending in infrastructure...

Persistent link: https://www.econbiz.de/10013227155

Household Production, Services and Monetary Policy

Ngouana, Constant Lonkeng - 2012

working at home - and changes in the price of market services. In order to analyze and quantify the implications of this trade …-off for monetary policy, I embed a household sector into an otherwise standard sticky price DSGE model, which I calibrate to …

Persistent link: https://www.econbiz.de/10013098601

Assessing the Macroeconomic Impact of Structural Reforms the Case of Italy

Lusinyan, Lusine - 2013

Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor markets. Our analysis, based on the IMF's Global Integrated Monetary and Fiscal model (GIMF), attempts to quantify the potential gains to the economy from a comprehensive package...

Persistent link: https://www.econbiz.de/10013086322