Thorvaldur Gylfason,Eduard Hochreiter
Thorvaldur Gylfason
We compare the economic growth performance of Belarus and Lithuania since the collapse of the Soviet Union in 1991. Our interest in this country pair is driven by the two countries' interwoven history as well as by the fact that Belarus rem...
Fiscal Consolidation, Social Sector Expenditures and Twin Deficit Hypothesis: Evidence from Emerging and Middle-Income Countries [0.03%]
财政巩固、社会部门支出和双赤字假说——来自新兴市场和发展中经济体的证据
Amine Lahiani,Ameni Mtibaa,Foued Gabsi
Amine Lahiani
Following the present scale of fiscal imbalances, governments often implement fiscal consolidation programs to restore macroeconomic stability. This paper empirically explores the connections between social expenditure, current account and ...
Real Exchange Rate Misalignments and Currency Crises in the Former Soviet Union Countries [0.03%]
前苏联国家的实际汇率失衡和货币危机
Viktar Dudzich
Viktar Dudzich
The paper explores the utility of real exchange rate misalignments from their equilibrium for identification of currency crises in the former Soviet Union countries. We estimate equilibrium exchange rates for 10 former Soviet Republics empl...
Edouard Mien,Michaël Goujon
Edouard Mien
This paper surveys the "Dutch disease" literature in developing and emerging countries. It describes the original model of Dutch disease and some main extensions proposed in the theoretical literature, focusing on the ones that match develo...
Elizabeth Brainerd
Elizabeth Brainerd
Adult mortality increased enormously in Russia and other countries of the former Soviet Union when the Soviet system collapsed 30 years ago. What has happened to mortality in Russia since the fall of the Soviet Union? What explains the wide...
Growth Factors in Developed Countries: A 1960-2019 Growth Accounting Decomposition [0.03%]
发达国家的增长因素：一项1960-2019年的增长会计分解分析
Gilbert Cette,Aurélien Devillard,Vincenzo Spiezia
Gilbert Cette
Using a new and original database, our paper contributes to the growth accounting literature with three original aspects: First, it covers a long period from the early 60's to 2019, just before the COVID-19 crisis; second, it analyzes a lar...
Socio-Economic and Political Challenges of EU Member Countries: Grasping the Policy Direction of the European Semester [0.03%]
欧盟成员国的社会经济及政治挑战：把握欧洲半年度政策方向
Sara Casagrande,Bruno Dallago
Sara Casagrande
The European Semester (ES) and the country-specific recommendations (CSRs) have been introduced with the purpose to promote flexibility and adaptation to national circumstances in the governance of fiscal policies. To assess whether the ES ...
Mirzobobo Yormirzoev
Mirzobobo Yormirzoev
This paper analyzes patterns of long-term economic performance in all five Central Asian countries. We first look at sources of economic growth based on a simple growth accounting exercise. Our findings show that under the period of study t...
Central Asian Economies: Thirty Years After Dissolution of the Soviet Union [0.03%]
中亚经济体：苏联解体三十载后的启示
Richard Pomfret
Richard Pomfret
In 2021, it is thirty years since the dissolution of the Soviet Union. This paper examines the evolution of Central Asia's five national economies since 1991 and their economic prospects. The 1990s were dominated by nation-building and the ...
Fiscal Stimulus and Firms' Sales and Capital Expenditure During the Global Financial Crisis [0.03%]
金融危机期间的财政刺激、企业销售与资本支出关系研究
Carolina Correa-Caro,Leandro Medina,Marcos Poplawski-Ribeiro et al.
Carolina Correa-Caro et al.
Using firm-level data from the Refinitiv Datastream Worldscope database for more than 17,253 non-financial firms in 45 advanced and emerging economies, this paper examines how fiscal stimulus interacted with sectoral business cycle sensitiv...