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Public expenditures on education and health in the Kyrgyz Republic before and during the global financial crisis

Mogilevsky, Roman - 2011

This paper analyses the public finance performance and the dynamics of government expenditures on education and health in the Kyrgyz Republic in 2007-2010, when the country was hit by the global economic crisis and then by an internal political crisis in 2010. Despite these crisis conditions,...

Persistent link: https://www.econbiz.de/10010326571

The impact of the global financial crisis on public expenditures on education and health in the economies of the former Soviet Union

Chubrik, Alexander; Dabrowski, Marek; Mogilevsky, Roman; … - 2011

This paper provides an overview of public expenditures on education and healthcare in Belarus, Georgia, Kyrgyzstan, Moldova, Russia, Ukraine and some other countries of the former Soviet Union before and during the global financial crisis. Before the crisis, the governments of these countries...

Persistent link: https://www.econbiz.de/10010326579

Public expenditures on education and health in Belarus before and during the global crisis

Shymanovich, Gleb; Kruk, Dmitrij - 2011

The paper deals with the impact of the global financial crisis on public service delivery - mainly education and healthcare - in Belarus. The pre-crisis period of 2003-2008 was the most prosperous in recent history. These trends resulted in a pretty good fiscal performance. Nevertheless, the...

Persistent link: https://www.econbiz.de/10010326583

Public expenditures on education and health in Russian Federation before and during the global crisis

Sinitsina, Irina - 2011

This paper explores the effects that the global financial crisis of 2008 - 2010 had on the funding and performance of the healthcare and education sectors in the Russian Federation (RF). Both education and healthcare expenditures increased in terms of total general government (GG) spending...

Persistent link: https://www.econbiz.de/10010326592

Towards Effective Social Insurance in Latin America: The Importance of Countercyclical Fiscal Policy

Braun, Miguel; di Gresia, Luciano - 2003

Latin America is a volatile, crisis-prone region, with limited and inadequate social insurance. Therefore, the long-term as well as the recent poor suffer significantly during crises. Furthermore, social spending is procyclical in the region, but less so than total spending, indicating that the...

Persistent link: https://www.econbiz.de/10010327062

Government Spending Shocks, Sovereign Risk and the Exchange Rate Regime

Bonam, Dennis; Lukkezen, Jasper - 2013

Conventional wisdom teaches that the output response upon a fiscal expansion is higher under fixed than floating exchange rates for a small open economy. We analyse the effects of fiscal expansions using a New Keynesian model and find that this result reverses in times of sovereign default risk....

Persistent link: https://www.econbiz.de/10010328326

Do government purchases affect unemployment?

Holden, Steinar; Sparrman, Victoria - 2011

We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host of factors that influence the effect of...

Persistent link: https://www.econbiz.de/10010330234

Fiscal policy under imperfect competition with flexible prices: An overview and survey

Costa, Luís F.; Dixon, Huw David - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-3, pp. 1-57

This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust...

Persistent link: https://www.econbiz.de/10010304314

Toward a Taylor rule for fiscal policy

Kliem, Martin; Kriwoluzky, Alexander - 2010

) models. We illustrate our approach with fiscal feedback rules for tax instruments in a standard medium-scale DSGE model … modeled fiscal tax policy in two dimensions: (i) with respect to the dynamic responses of fiscal policy to exogenous shocks …

Persistent link: https://www.econbiz.de/10010304432

On fiscal multipliers: Estimates from a medium scale DSGE model

Zubairy, Sarah - 2010

small response of private consumption to increased government spending. The multipliers for labor and capital tax on impact … are 0.13 and 0.33, respectively. The effects of tax cuts, on the other hand, take time to build, and exceed the … stimulative effects of higher spending at horizons of 12-20 quarters. The expansionary effects of tax cuts are primarily driven by …

Persistent link: https://www.econbiz.de/10010279882