 | Power It Up : Strengthening the Electricity Sector to Improve Efficiency and Support Economic Activity Author/Editor: Gabriel Di Bella, Francesco Grigoli. Release Date:April, 2016 Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity in many low-income countries. This paper proposes a number of models that more...
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| Interest Rate Pass-Through in the Dominican Republic Author/Editor: Francesco Grigoli, José M. Mota. Release Date:December, 2015 A well-functioning monetary transmission mechanism is critical for monetary policy. As the
 Dominican Republic recently adopted an inflation targeting regime, it is even more more...
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| Saving in Latin America and the Caribbean : Performance and Policies Author/Editor: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel. Release Date:May, 2015 This paper analyzes saving patterns and determinants in Latin America and the Caribbean (LAC), including key policy variables and regimes. The review of previous empirical studies on LAC saving more...
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 | Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis Author/Editor: Oya Celasun, Francesco Grigoli, Keiko Honjo, Javier Kapsoli, Alexander Klemm, Bogdan Lissovolik, Jan Luksic, Marialuz Moreno Badia, Joana Pereira, Marcos Poplawski-Ribeiro, Baoping Shang, Yulia Ustyugova. Release Date:April, 2015 Latin America’s bold fiscal policy reaction to the global financial crisis was hailed as a sign that the region had finally overcome its procyclical fiscal past. However, most countries of the more...
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| Output Gap Uncertainty and Real-Time Monetary Policy Author/Editor: Francesco Grigoli, Alexander Herman, Andrew J Swiston, Gabriel Di Bella. Release Date:January, 2015 Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central more...
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| World Saving Author/Editor: Francesco Grigoli, Alexander Herman, Klaus Schmidt-Hebbel. Release Date:November, 2014 This paper presents new evidence on the behavior of saving in the world, by extending previous empirical research in five dimensions. First, it is based on a very large and recent database, covering more...
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| Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries Author/Editor: Maria A Albino-War, Svetlana Cerovic, Francesco Grigoli, Juan Flores, Javier Kapsoli, Haonan Qu, Yahia Said, Bahrom Shukurov, Martin Sommer, SeokHyun Yoon. Release Date:November, 2014 Over the past decade, rising oil prices have translated into high levels of public investment in most MENA and CCA oil exporters. This has prompted questions about the efficiency of public investment more...
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| A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies Author/Editor: Francesco Grigoli. Release Date:January, 2014 The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies more...
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| State-Owned Banks and Fiscal Discipline Author/Editor: Jesus Gonzalez-Garcia, Francesco Grigoli. Release Date:October, 2013 State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using a panel dataset, we find that a larger more...
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| Waste Not, Want Not: The Efficiency of Health Expenditure in Emerging and Developing Economies Author/Editor: Francesco Grigoli, Javier Kapsoli. Release Date:August, 2013 Public health spending is low in emerging and developing economies relative to advanced economies and health outputs and outcomes need to be substantially improved. Simply increasing public more...
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