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Overall, this paper presents a white swan that seems to confirm the hypothesis of Alesina / Tabellini / Campante (2008). Fiscal policy in many developing countries is procyclical. Specifically, the former may explain monetary policy failures associated with problems of political agency. And in...
Persistent link: https://www.econbiz.de/10015221160
This article describes the argumentative structure of Hayek on the relationship between tax policy and redistribution …
Persistent link: https://www.econbiz.de/10015220054
Due to the supported economic growth of the first decade of the 21st century, Colombia managed to reduce the levels of … distribution. To that effect, the redistributive impact of the fiscal action in Colombia, Latin America and the group of country … the income and public expenditures behavior in Colombia was carried out from 1990 until 2015, highlighting two fundamental …
Persistent link: https://www.econbiz.de/10015261458
This paper offers a comprehensive review of macroeconomic policy in democratic South Africa. It does so with two distinctive features. First, macroeconomic policy is analysed on four interlocking, and sometimes conflicting, levels: [1] policy as provided “on paper” in government plans and...
Persistent link: https://www.econbiz.de/10015241629
redistribution. To solve large-scale versions of this problem numerically, we propose a general, computationally stable, and …
Persistent link: https://www.econbiz.de/10015264794
Dutch disease is a condition whereby a booming export sector along with a concomitant strengthening of the non-tradable sector cause a deterioration in the rest of the tradable sector. Regression analysis finds that Dutch disease due to international remittances appears to afflict the developing...
Persistent link: https://www.econbiz.de/10015232403
We investigate whether joining the European Monetary Union and losing the ability to set monetary policy affected the economic growth of 12 Eurozone countries. We use the synthetic control approach to create a counterfactual scenario for how each Eurozone country would have evolved without...
Persistent link: https://www.econbiz.de/10015266999
We investigate whether joining the European Monetary Union and losing the ability to set monetary policy affected the economic growth of Eurozone countries. We use the synthetic control approach to create a counterfactual scenario for how each Eurozone country would have evolved without adopting...
Persistent link: https://www.econbiz.de/10015267104
This article aims to make an approach to the definition and meaning of social policies through the theory of contracts, a distinction between these and public policy. For this, the contributions of some officials of the Municipality of Medellín and other municipal organizations in a focus group...
Persistent link: https://www.econbiz.de/10015244134
This book aims to study the consequences of the subprime crisis for New Caledonia, a French overseas Pacific territory. The situation of New-Caledonia is specific in many ways, since this territory is undergoing an institutional process of emancipation from France. On the first hand, New...
Persistent link: https://www.econbiz.de/10015218617