 | Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy: What Do the Data Say? Author/Editor: Jaejoon Woo, Elva Bova, Tidiane Kinda, Yuanyan Sophia Zhang. Release Date:September, 2013 The 2007-09 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the distributional consequences of fiscal more...
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| The Puzzle of Persistently Negative Interest Rate-Growth Differentials : Financial Repression or Income Catch-Up? Author/Editor: Anna Shabunina, Julio Escolano, Jaejoon Woo. Release Date:November, 2011 The interest rate-growth differential (IRGD) shows a marked correlation with GDP per capita. It has been on average around 1 percentage point for large advanced economies during 1999-2008; but below more...
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| Public Debt and Growth Author/Editor: Jaejoon Woo, Manmohan S Kumar. Release Date:July, 2010 This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad more...
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| Public Expenditures on Social Programs and Household Consumption in China Author/Editor: Emanuele Baldacci, Ding Ding, David Coady, Giovanni Callegari, Pietro Tommasino, Jaejoon Woo, Manmohan S. Kumar. Release Date:March, 2010 This paper shows that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the more...
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