PUBLIC PROCUREMENT IN THE CARIBBEAN
... new; however, research on public procurement as it relates to the Caribbean is virtually non-existent. With regards to public procurement in developing countries, a paper by Quick (1982) uses management science techniques to review procurement patterns in selected public supply programs and compares ...
... new; however, research on public procurement as it relates to the Caribbean is virtually non-existent. With regards to public procurement in developing countries, a paper by Quick (1982) uses management science techniques to review procurement patterns in selected public supply programs and compares ...
Fiscal Policy and Macroeconomic Stability: Automatic Stabilizers
... contribute to output stability regardless of the type of economy (advanced or developing), confirming the effectiveness of timely, predictable and symmetric fiscal impulses in stabilizing output. The impact on private consumption volatility is quantitatively weaker and statistically less robust. Sec ...
... contribute to output stability regardless of the type of economy (advanced or developing), confirming the effectiveness of timely, predictable and symmetric fiscal impulses in stabilizing output. The impact on private consumption volatility is quantitatively weaker and statistically less robust. Sec ...
S1100676_en.pdf
... to macroeconomic dialogue and “cooperation for learning”. This encompasses a wide spectrum of activities, including developing applied and empirical research on the topics on the different agendas of the REDIMA sub-regional networks, the fostering of the establishment and maintenance of bonds at the ...
... to macroeconomic dialogue and “cooperation for learning”. This encompasses a wide spectrum of activities, including developing applied and empirical research on the topics on the different agendas of the REDIMA sub-regional networks, the fostering of the establishment and maintenance of bonds at the ...
II. IMF Macroeconomic Policy Advice in the Financial Crisis
... began to reassess its views on fiscal policy and subsequently called for a more moderate pace of fiscal consolidation if feasible. The thrust of IMF macroeconomic policy advice to advanced economies since 2010—of fiscal consolidation coupled with monetary expansion—appears at odds with longstanding ...
... began to reassess its views on fiscal policy and subsequently called for a more moderate pace of fiscal consolidation if feasible. The thrust of IMF macroeconomic policy advice to advanced economies since 2010—of fiscal consolidation coupled with monetary expansion—appears at odds with longstanding ...
Neoliberalism critical reader
... government; she only expanded them and gave them a compelling rationale. There was also an irresolvable tension between the puritanical claims made by milksnatching Thatcher, Reagan’s ventriloquists, and the intellectual harlots peddling their wares around the US Imperial Court, and the political pr ...
... government; she only expanded them and gave them a compelling rationale. There was also an irresolvable tension between the puritanical claims made by milksnatching Thatcher, Reagan’s ventriloquists, and the intellectual harlots peddling their wares around the US Imperial Court, and the political pr ...
Official PDF , 37 pages
... This de…nition of events considers output contractions only. The comprehensive …nancial crisis database of Laeven and Valencia (2013) has been considered a source for event dates. However, Laeven and Valencia (2013) focus on …nancial crises, and thereby exclude episodes in many economies, such as th ...
... This de…nition of events considers output contractions only. The comprehensive …nancial crisis database of Laeven and Valencia (2013) has been considered a source for event dates. However, Laeven and Valencia (2013) focus on …nancial crises, and thereby exclude episodes in many economies, such as th ...
International Institutions and Domestic Compensation: The IMF and the Politics of Financial Liberalization
... politics of capital account liberalization and discuss the potential influence of the IMF. In section 3 we develop a formal model of capital account liberalization. In sections 4, 5, and 6, we present the statistical model, the data, and results. We conclude by discussing the implications of our fin ...
... politics of capital account liberalization and discuss the potential influence of the IMF. In section 3 we develop a formal model of capital account liberalization. In sections 4, 5, and 6, we present the statistical model, the data, and results. We conclude by discussing the implications of our fin ...
Aid, Policies, and Growth: Revisiting the Evidence
... This evidence is supportive of the growing trend among aid agencies toward greater “selectivity” – that is, channeling relatively more aid resources to poor countries with reasonably good institutions and policies. The United States’s proposed Millenium Challenge Account is a recent example of this ...
... This evidence is supportive of the growing trend among aid agencies toward greater “selectivity” – that is, channeling relatively more aid resources to poor countries with reasonably good institutions and policies. The United States’s proposed Millenium Challenge Account is a recent example of this ...
Aid, Policies, and Growth: Revisiting the Evidence
... This evidence is supportive of the growing trend among aid agencies toward greater “selectivity” – that is, channeling relatively more aid resources to poor countries with reasonably good institutions and policies. The United States’s proposed Millenium Challenge Account is a recent example of this ...
... This evidence is supportive of the growing trend among aid agencies toward greater “selectivity” – that is, channeling relatively more aid resources to poor countries with reasonably good institutions and policies. The United States’s proposed Millenium Challenge Account is a recent example of this ...
Bootstrapping estimates for a public expenditure model
... groups.7 In particular, and in light of the contrasting evidence between developed and developing countries, the argument leads to conclude that fiscal procyclicality is related to the presence of relatively stronger interest groups (or weaker political institutions) in developing economies.8 In thi ...
... groups.7 In particular, and in light of the contrasting evidence between developed and developing countries, the argument leads to conclude that fiscal procyclicality is related to the presence of relatively stronger interest groups (or weaker political institutions) in developing economies.8 In thi ...
The Caucasus and Central Asia: Transitioning to Emerging
... post-crisis fiscal positions and rebuilding fiscal buffers. Non-oil revenue remains low in resource-rich CCA countries and these economies have infrastructure gaps despite large capital outlays. Social and capital spending needs are generally high in the CCA, and quasi-fiscal activities—supported by ...
... post-crisis fiscal positions and rebuilding fiscal buffers. Non-oil revenue remains low in resource-rich CCA countries and these economies have infrastructure gaps despite large capital outlays. Social and capital spending needs are generally high in the CCA, and quasi-fiscal activities—supported by ...
Global Horse Trading: IMF Loans for Votes in the United Nations Security Council
... According to Malone (2000), there is extensive competition for these seats as countries might expect to receive rewards during their tenure. In fact, Kuziemko and Werker (2006) find that average US foreign aid increases by 54 percent and average UN development aid by 7 percent when a country is elec ...
... According to Malone (2000), there is extensive competition for these seats as countries might expect to receive rewards during their tenure. In fact, Kuziemko and Werker (2006) find that average US foreign aid increases by 54 percent and average UN development aid by 7 percent when a country is elec ...
Fiscal Policy and Macroeconomic Stability: New Evidence and
... Fiscal policy can contribute to macroeconomic stability through three main channels. The first is the automatic reduction in government saving during downturns and increase during upturns, cushioning shocks to national expenditure (Blinder and Solow, 1974). Such automatic stabilization occurs becaus ...
... Fiscal policy can contribute to macroeconomic stability through three main channels. The first is the automatic reduction in government saving during downturns and increase during upturns, cushioning shocks to national expenditure (Blinder and Solow, 1974). Such automatic stabilization occurs becaus ...
fiscal space for what? analytical issues from a human
... the political economy context within which fiscal space is secured – hence the emphasis on the set of feasible policy actions on the one hand and the prevailing political and economic environment on the other.3 These political economy factors – and the argument that ultimately domestic resources mu ...
... the political economy context within which fiscal space is secured – hence the emphasis on the set of feasible policy actions on the one hand and the prevailing political and economic environment on the other.3 These political economy factors – and the argument that ultimately domestic resources mu ...
Cross-Country Spillover Effects and Fiscal Policy
... The demand channel is the one that has received the most attention. By affecting domestic demand, fiscal policy actions are also likely to affect the demand for imported goods, which registers as a change in export demand in countries that are trade partners. This channel is usually related to budg ...
... The demand channel is the one that has received the most attention. By affecting domestic demand, fiscal policy actions are also likely to affect the demand for imported goods, which registers as a change in export demand in countries that are trade partners. This channel is usually related to budg ...
The determinants of liberalization of FDI policy in developing countries
... The 1991 World Development Report (World Bank, 1991, p. 31) concluded that a “sea change” had taken place in thinking about development: by the late 1980s, many developing countries had moved away from State directed, inwardly focused strategies towards an acceptance of both markets and integration ...
... The 1991 World Development Report (World Bank, 1991, p. 31) concluded that a “sea change” had taken place in thinking about development: by the late 1980s, many developing countries had moved away from State directed, inwardly focused strategies towards an acceptance of both markets and integration ...
Latin America and the Caribbean 2030
... plans, but rather to start a sustained conversation about the big trends, disruptions and opportunities that will shape our region for decades to come. Recognizing that there was a strong demand for such prospective analysis, the IDB decided to partner with other organizations specialized in that di ...
... plans, but rather to start a sustained conversation about the big trends, disruptions and opportunities that will shape our region for decades to come. Recognizing that there was a strong demand for such prospective analysis, the IDB decided to partner with other organizations specialized in that di ...
Macroeconomic Policy Advice and the Article IV Consultations:
... This content analysis finds a consistent pattern of policy recommendations, which indicates (1) a macroeconomic policy that focuses on reducing spending and shrinking the size of government, in many cases regardless of whether this is appropriate or necessary, or may even exacerbate an economic down ...
... This content analysis finds a consistent pattern of policy recommendations, which indicates (1) a macroeconomic policy that focuses on reducing spending and shrinking the size of government, in many cases regardless of whether this is appropriate or necessary, or may even exacerbate an economic down ...
The Influence of IMF Programs on the Re
... Since the politicians’ competence is known, his behavior does not influence his (certain) re-election. I assume that competent politicians could attract bilateral credits sufficient to finance the effects of medium shocks. After those shocks they can, therefore, choose whether to borrow from the market ...
... Since the politicians’ competence is known, his behavior does not influence his (certain) re-election. I assume that competent politicians could attract bilateral credits sufficient to finance the effects of medium shocks. After those shocks they can, therefore, choose whether to borrow from the market ...
Latin America and the Caribbean 2030 - Inter
... plans, but rather to start a sustained conversation about the big trends, disruptions and opportunities that will shape our region for decades to come. Recognizing that there was a strong demand for such prospective analysis, the IDB decided to partner with other organizations specialized in that di ...
... plans, but rather to start a sustained conversation about the big trends, disruptions and opportunities that will shape our region for decades to come. Recognizing that there was a strong demand for such prospective analysis, the IDB decided to partner with other organizations specialized in that di ...
Official PDF , 45 pages
... better were those that had followed some sort of concerted macro-fiscal responses that helped them build resilience to exogenous shocks. When the crisis hit, these countries were able to have more favorable access to credit in international financial markets, and resist speculative attacks. They not ...
... better were those that had followed some sort of concerted macro-fiscal responses that helped them build resilience to exogenous shocks. When the crisis hit, these countries were able to have more favorable access to credit in international financial markets, and resist speculative attacks. They not ...
WELFARE AND NORDIC CRISIS - MANAGEMENT STRATEGIES
... The Global Financial Crisis culminated in the winter of 2008-09 as financial institutions around the world teetered on the brink of collapse. As the crisis developed, significant differences in government policy choices across countries became apparent. The response in several countries, including G ...
... The Global Financial Crisis culminated in the winter of 2008-09 as financial institutions around the world teetered on the brink of collapse. As the crisis developed, significant differences in government policy choices across countries became apparent. The response in several countries, including G ...
296
... distortions and more broadly whether they are harmful or useful for state economies (Saiz 2001, Burnier 1992). The increasing interest in the role of American state and local governments in economic development is reflected “in the emergence of new journals like Economic Development Quarterly, whic ...
... distortions and more broadly whether they are harmful or useful for state economies (Saiz 2001, Burnier 1992). The increasing interest in the role of American state and local governments in economic development is reflected “in the emergence of new journals like Economic Development Quarterly, whic ...
Monetary and Fiscal Policies in a Sudden Stop: Is tighter brigther
... encouraged to cut expenditures and raise taxes, and these procyclical discretionary fiscal policies exacerbated the downturns still further in country after country.” 4 “When the Fund entered East Asia, it forced countries to raise interest rates to what, in conventional terms, would be considered ...
... encouraged to cut expenditures and raise taxes, and these procyclical discretionary fiscal policies exacerbated the downturns still further in country after country.” 4 “When the Fund entered East Asia, it forced countries to raise interest rates to what, in conventional terms, would be considered ...
Open regionalism in Asia Pacific and Latin America
... Both in Asia Pacific and Latin America, considerable confusion and ambiguity surround the notion of “Open Regionalism” that question its relevance for practical purposes. Chapter I will examine various interpretations and applications of the concept and study under what circumstances the two element ...
... Both in Asia Pacific and Latin America, considerable confusion and ambiguity surround the notion of “Open Regionalism” that question its relevance for practical purposes. Chapter I will examine various interpretations and applications of the concept and study under what circumstances the two element ...