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Fiscal Policy and Economic Development

Fiscal Policy and Economic Development »

Source: Fiscal Policy and Economic Development

Volume/Issue: 2008/155

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Peter Rangazas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870138

Keywords: structural transformation, size of government, infrastructures, calibrated dynamic general equilibrium models, tax rates, growth rates, economic growth, tax base,

This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and...

Tuning in RBC Growth Spectra

Tuning in RBC Growth Spectra »

Source: Tuning in RBC Growth Spectra

Volume/Issue: 2016/215

Series: IMF Working Papers

Author(s): Szilard Benk , Tamas Csabafi , Jing Dang , Max Gillman , and Michal Kejak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

ISBN: 9781475552775

Keywords: Total factor productivity, United States, United States, Econometric models, Investment, Human capital, Economic growth, Business cycles, Real Business cycles, amplification

For US postwar data, the paper explains central consumption, labor, investment and output correlations and volatilities along with output growth persistence by including a human capital investment sector and a vari...

Potential Output Growth Estimates for Central America and the Dominican Republic1

Potential Output Growth Estimates for Central America and the Dominican Republic1 »

Source: Potential Output Growth Estimates for Central America and the Dominican Republic

Volume/Issue: 2016/250

Series: IMF Working Papers

Author(s): Roberto Garcia-Saltos , Fan Zhang , and Iulia Ruxandra Teodoru

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2016

ISBN: 9781475563153

Keywords: Potential output, Parameter estimation, Central America, Cross country analysis, Dominican Republic, Economic growth, Productivity, Econometric models, Western Hemisphere, macroeconomic modeling

This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital a...

Budget Support Versus Project Aid

Budget Support Versus Project Aid »

Source: Budget Support Versus Project Aid

Volume/Issue: 2003/88

Series: IMF Working Papers

Author(s): Tito Cordella , and Giovanni Dell'Ariccia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451851182

Keywords: aid policy, asymmetric information, empirical growth models, budget support, budget surplus, capital expenditures, budget constraint, capital expenditure, Asymmetric and Private Information, Welfare and Poverty: General

Should donors who are interested in the effectiveness of developmental programs rely on conditional budget support or on project aid? To answer this question, we present a model in which only a subset of the develo...

The Case for Global Fiscal Stimulus1

The Case for Global Fiscal Stimulus1 »

Source: The Case for Global Fiscal Stimulus

Volume/Issue: 2009/03

Series: IMF Staff Position Notes

Author(s): Jaewoo Lee , Douglas Laxton , Michael Kumhof , and Charles Freedman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 March 2009

ISBN: 9781455268368

Keywords: Financial sector, Financial crisis, Economic models, Central banks, Cross country analysis, Economic growth, Spillovers, Stabilization measures, Fiscal policy, Monetary policy

...

The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru

The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru »

Source: The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru

Volume/Issue: 2011/182

Series: IMF Working Papers

Author(s): Peter Pedroni , and Concha Verdugo Yepes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462310289

Keywords: drugs, economic impact, formal sector, cointegration, statistics, time series, formal sectors, Regional Economic Activity: Growth, Development, and Changes

This paper investigates the relationship between unrecorded economic activity associated with the production of illicit coca and formally recorded economic activity in Peru. It does so by attempting to construct ne...

To Bet or Not to Bet

To Bet or Not to Bet »

Source: To Bet or Not to Bet : Copper Price Uncertainty and Investment in Chile

Volume/Issue: 2016/218

Series: IMF Working Papers

Author(s): Fabio Comelli , and Esther Perez Ruiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

ISBN: 9781475553598

Keywords: Investment, Exchange rates, Chile, Chile, Copper, Commodity prices, Vector autoregression, Options, copper price, exchange rate

A strand of research documents Chile's copper dependence hence significant exposure to terms of trade shocks. Copper prices' sharp decline and forecast uncertainty since the end of the commodity super-cycle has rek...

Fiscal Policy and Economic Development

Fiscal Policy and Economic Development »

Volume/Issue: 2008/155

Series: IMF Working Papers

Author(s): Alex Mourmouras , and Peter Rangazas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

DOI: http://dx.doi.org/10.5089/9781451870138.001

ISBN: 9781451870138

Keywords: structural transformation, size of government, infrastructures, calibrated dynamic general equilibrium models, tax rates, growth rates, economic growth, tax base,

This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and...

Tuning in RBC Growth Spectra

Tuning in RBC Growth Spectra »

Volume/Issue: 2016/215

Series: IMF Working Papers

Author(s): Szilard Benk , Tamas Csabafi , Jing Dang , Max Gillman , and Michal Kejak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 November 2016

DOI: http://dx.doi.org/10.5089/9781475552775.001

ISBN: 9781475552775

Keywords: Total factor productivity, United States, United States, Econometric models, Investment, Human capital, Economic growth, Business cycles, Real Business cycles, amplification

For US postwar data, the paper explains central consumption, labor, investment and output correlations and volatilities along with output growth persistence by including a human capital investment sector and a vari...

Potential Output Growth Estimates for Central America and the Dominican Republic

Potential Output Growth Estimates for Central America and the Dominican Republic »

Volume/Issue: 2016/250

Series: IMF Working Papers

Author(s): Roberto Garcia-Saltos , Fan Zhang , and Iulia Ruxandra Teodoru

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2016

DOI: http://dx.doi.org/10.5089/9781475563153.001

ISBN: 9781475563153

Keywords: Potential output, Parameter estimation, Central America, Cross country analysis, Dominican Republic, Economic growth, Productivity, Econometric models, Western Hemisphere, macroeconomic modeling

This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital a...