Zobrazeno 1 - 10
of 15
pro vyhledávání: '"Santiago Acosta-Ormaechea"'
Publikováno v:
Macroeconomic Dynamics. :1-36
This paper analyzes how idiosyncratic risk, measured by the variance of firm-level idiosyncratic shocks, affects long-run growth when bankruptcy costs are present. These costs are incurred by creditors during the bankruptcy procedure of failing firms
Previous research has shown that changes in the composition of tax revenue affect long-run growth. However, little is yet known about whether the way tax revenue is raised matters for growth. This paper examines whether, in the context of OECD countr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0485fffdf992c91c100919e57d8f2106
Publikováno v:
German Economic Review. 20:e70-e106
We investigate how changes in the composition of tax revenue affect long-run growth in a broad cross-section of countries. To do this, we construct a new dataset that covers 70 countries (23 high-, 23 middle- and 24 low-income countries), with at lea
Autor:
Santiago Acosta Ormaechea
Publikováno v:
IMF Working Papers. 20
The public sector, in carrying out its operations, often incurs foreign currency denominated liabilities and, as such, is exposed to exchange rate fluctuations that could affect the value of public debt to GDP ratios over time. This paper shows that
Publikováno v:
IMF Working Papers. 2022:1
Publikováno v:
Technical Notes and Manuals. 2021:1
This guide presents the analytical underpinnings and a user manual for the Excel-based Public Debt Dynamics Tool (DDT).
Publikováno v:
Economic Inquiry. 55:98-114
This paper examines the effects of public spending reallocations on economic growth. Assembling a disaggregated public spending dataset of 83 countries over the 1970-2011 period, we show that spending reallocations towards education, from health and
Publikováno v:
SSRN Electronic Journal.
We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal refo
Publikováno v:
IMF Working Papers. 19:1
Publikováno v:
IMF Working Papers. 17:1
The paper develops a simple, integrated methodology to project public pension cash flows and healthcare spending over the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico), where public s