 | A Medium-Scale DSGE Model for the Integrated Policy Framework Author/Editor: Tobias Adrian, Vitor Gaspar, Francis Vitek. Release Date:January, 2022 This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on more...
| Price: $5.00
|  | Debt and Entanglements Between the Wars Author/Editor: Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, Vitor Gaspar. Release Date:November, 2019 World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich more...
| Price: $27.00
| | Fiscal Policy and Development : Human, Social, and Physical Investments for the SDGs Author/Editor: Vitor Gaspar, David Amaglobeli, Mercedes Garcia-Escribano, Delphine Prady, Mauricio Soto. Release Date:January, 2019 The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a more...
| Price: $10.00
| | Lessons from the Old Masters on Assessing Equity and Efficiency: A Primer for Fiscal Policymakers Author/Editor: Vitor Gaspar, Paolo Mauro, Tigran Poghosyan. Release Date:October, 2017 How can a society’s well-being be measured to include not only average incomes but also
their distribution? How can the effects of policies be assessed by considering both equity and
more...
| Price: $18.00
| | Fiscal Politics Author/Editor: Vitor Gaspar, Sanjeev Gupta, Carlos Mulas-Granados. Release Date:April, 2017 Two main themes of the book are that (1) politics can distort optimal fiscal policy through elections and through political fragmentation, and (2) rules and institutions can attenuate the negative more...
| Price: $40.00
| | Fiscal Politics in the Euro Area Author/Editor: Luc Eyraud, Vitor Gaspar, Tigran Poghosyan. Release Date:January, 2017 This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data more...
| Price: $18.00
| | Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point Author/Editor: Vitor Gaspar, Laura Jaramillo, Philippe Wingender. Release Date:December, 2016 An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained more...
| Price: $18.00
| | Tax Capacity and Growth : Is there a Tipping Point? Author/Editor: Vitor Gaspar, Laura Jaramillo, Philippe Wingender. Release Date:December, 2016 Is there a minimum tax to GDP ratio associated with a significant acceleration in the process of growth and development? We give an empirical answer to this question by investigating the existence of more...
| Price: $18.00
| | Macroeconomic Management When Policy Space is Constrained : A Comprehensive, Consistent and Coordinated Approach to Economic Policy Author/Editor: Vitor Gaspar, Maurice Obstfeld, Ratna Sahay, Douglas Laxton, Dennis P Botman, Kevin Clinton, Romain A Duval, Kotaro Ishi, Zoltan Jakab, Laura Jaramillo, Constant A Lonkeng Ngouana, Tommaso Mancini Griffoli, Joannes Mongardini, Susanna Mursula, Erlend Nier, Yulia Ustyugova, Hou Wang, Oliver Wuensch. Release Date:September, 2016 The recovery in GDP growth since the global financial crisis has been halting and weak. Concern is widespread that countercyclical policies have run out of space or lack the power to raise growth or more...
| Price: $10.00
| | Optimal Debt Policy Under Asymmetric Risk Author/Editor: Julio Escolano, Vitor Gaspar. Release Date:August, 2016 In the paper we show that, most of the time, smooth reduction in the debt ratio is optimal for tax-smoothing purposes when fiscal risks are asymmetric, with large debt-augmenting shocks more likely more...
| Price: $18.00
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