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Global Fiscal Adjustment and Trade Rebalancing

McKibbin, Warwick J. - 2017

The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...

Persistent link: https://www.econbiz.de/10012975282

The Quality of Fiscal Adjustment and the Long-Run Growth Impact of Fiscal Policy in Brazil

Blanco, Fernando - 2016

The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...

Persistent link: https://www.econbiz.de/10012747922

Assessing Public Debt Sustainability in Mauritania with a Stochastic Framework

Baghdassarian, William - 2017

This work presents a stochastic framework for assessing public debt sustainability and applies it to the case of … Mauritania. The sustainability assessment projects solvency and liquidity indicators -- public debt stock and gross financing … public debt sustainability because the estimated (marginal) growth-dividend is small. A more promising avenue would be to …

Persistent link: https://www.econbiz.de/10012972523

Fiscal Policy and Debt Dynamics in Developing Countries

Ilzetzki, Ethan - 2017

Using a new tax database for 28 countries and a variety of econometric methods, this paper contributes to the debate on the effects of fiscal policy on economic activity in a number of ways. The analysis finds that tax cuts have a stimulative effect on economic growth in developing countries....

Persistent link: https://www.econbiz.de/10012975998

Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot?

Herrera, Santiago - 2019

This paper analyzes the procyclicality of fiscal policy on the tax and spending sides in a sample of 116 developing countries between 2000 and 2016. About 20 percent of the countries in the sample switched from procyclical to countercyclical policy stance. In Sub-Saharan Africa, 30 of 39...

Persistent link: https://www.econbiz.de/10012865086

New Evidence on the Cyclicality of Fiscal Policy

Carneiro, Francisco - 2017

This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...

Persistent link: https://www.econbiz.de/10012971636

Entrepreneurship, Public Policy, and Cities

Lerner, Josh - 2017

Since the 2008-09 global financial crises, interest among policy makers in promoting innovative, ventures has exploded. The emerging great hubs of entrepreneurial activity, like Bangalore, Dubai, Shanghai, Silicon Valley, Singapore, and Tel Aviv, bear the unmistakable stamp of the public sector....

Persistent link: https://www.econbiz.de/10012973210

"Finding the Tipping Point -- When Sovereign Debt Turns Bad"

Caner, Mehmet - 2017

Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe...

Persistent link: https://www.econbiz.de/10012976419

Ethiopia?S Growth Acceleration and How to Sustain It?Insights from a Cross-Country Regression Model

Moller, Lars Christian - 2017

Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country?s growth performance during 2000?13, the paper employs a neoclassical...

Persistent link: https://www.econbiz.de/10012971637

Removing Impediments to Sustainable Economic Development : The Case of Corruption

Lopez-Claros, Augusto - 2017

This paper examines causes and consequences of corruption within the process of economic development. It starts by reviewing some of the factors that, over the past couple of decades, have transformed corruption from a subject on the sidelines of economic research to a central preoccupation of...

Persistent link: https://www.econbiz.de/10012973777