 | Macro-Fiscal Gains from Anti-Corruption Reforms in the Republic of Congo Author/Editor: Giovanni Melina, Hoda Selim, Concepcion Verdugo-Yepes. Release Date:June, 2019 This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result of limited transparency and accountability. Corruption has potentially more...
| Price: $18.00
|
| Some Policy Lessons from Country Applications of the DIG and DIGNAR Models Author/Editor: Daniel Gurara, Giovanni Melina, Luis-Felipe Zanna. Release Date:March, 2019 Over the past seven years, the DIG and DIGNAR models have complemented the IMF and World Bank debt sustainability framework (DSF) analysis, over 65 country applications. They have provided useful more...
| Price: $18.00
|
| Policy Trade-Offs in Building Resilience to Natural Disasters: The Case of St. Lucia Author/Editor: Alessandro Cantelmo, Leo Bonato, Giovanni Melina, Gonzalo Salinas. Release Date:March, 2019 Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection —insurance and self-insurance— and structural protection —investment in adaptation. more...
| Price: $18.00
|
| The Distributional Effects of Government Spending Shocks in Developing Economies Author/Editor: Davide Furceri, Jun Ge, Prakash Loungani, Giovanni Melina. Release Date:March, 2018 We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations more...
| Price: $18.00
|
| Economic Fluctuations in Sub-Saharan Africa Author/Editor: Giovanni Melina, Rafael A Portillo. Release Date:March, 2018 We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic more...
| Price: $18.00
|
| Monetary Policy and the Relative Price of Durable Goods Author/Editor: Alessandro Cantelmo, Giovanni Melina. Release Date:December, 2017 In a SVAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio more...
| Price: $18.00
|
| Leaning Against Windy Bank Lending Author/Editor: Giovanni Melina, Stefania Villa. Release Date:July, 2017 Using an estimated dynamic stochastic general equilibrium model with banking, this paper first provides evidence that monetary policy reacted to bank loan growth in the US during the Great more...
| Price: $18.00
|
| Investing in Public Infrastructure : Roads or Schools? Author/Editor: Manoj Atolia, Bin Grace Li, Ricardo Marto, Giovanni Melina. Release Date:May, 2017 Why do governments in developing economies invest in roads and not enough in schools? In the presence
of distortionary taxation and debt aversion, the different pace at which roads and schools more...
| Price: $18.00
|
| Optimal Fiscal and Monetary Policy, Debt Crisis and Management Author/Editor: Cristiano Cantore, Paul L Levine, Giovanni Melina, Joseph G Pearlman. Release Date:March, 2017 The initial government debt-to-GDP ratio and the government’s commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. more...
| Price: $18.00
|
| Sectoral Labor Mobility and Optimal Monetary Policy Author/Editor: Alessandro Cantelmo, Giovanni Melina. Release Date:March, 2017 In an estimated two-sector New-Keynesian model with durable and nondurable goods, an
inverse relationship between sectoral labor mobility and the optimal weight the central bank
should more...
| Price: $18.00
|
|
Help