Atualizações da Semana
Atualização , 22/03/2022

Fiscal Multipliers in Recessions (Canzoneri et al.)

Fiscal Multipliers in Recessions (Canzoneri et al.)
Fiscal Multipliers in Recessions by Matthew Canzoneri, Fabrice Collard, Harris Dellas, Behzad Diba published by BIS (1/2015). The Great Recession, and the fiscal response to it, has revived interest in the size of fiscal multipliers. Standard business cycle models have difficulties generating multipliers greater than one. And they also cannot produce any significant state-dependence in the size of the multipliers …

Growth Forecast Errors and Fiscal Multipliers (Blanchard & Leigh)

Growth Forecast Errors and Fiscal Multipliers prepared by Olivier Blanchard and Daniel Leigh published by IMF (1/2013). This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and …

Avaliação de receita e despesa (Moura & Tavares)

Orçamento de 2015 – Redução da meta primária – Avaliação de receita e despesa por Márcia Rodrigues Moura José Fernando Cosentino Tavares publicado por Câmara dos Deputados (8/2015). “De superávit para déficit A Avaliação de receitas e despesas do 3º bimestre (3ª Aval) mostrou que a União não conseguiria cumprir sua meta primária. Abriu caminho para se propor sua drástica …

A Balance-Sheet Approach to Fiscal Policy (Dervis)

A Balance-Sheet Approach to Fiscal Policy by Kemal Dervis published by Project Syndicate (8/2015). "Current fiscal-policy debates are based on flawed thinking about debt. It is time to stop focusing on nominal debt-to-GDP ratios, and instead promote a long-term balance-sheet-oriented approach to public spending. WASHINGTON, DC – Everyone is talking about debt, citing huge nominal figures that strongly affect public-policy …

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities (Claessens et al.)

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities by Stijn Claessens, Swati R. Ghosh, and Roxana Mihet published by IMF (8/2014). Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in …

The Federal Debt (Wessel)

The Federal Debt: All You Need to Know in Three Minutes by David Wessel published by Brookings (8/2014). "One of the missions of the new Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution is to improve public—and congressional—understanding of major budget issues confronting the U.S. To that end, we’ve boiled the facts about the outlook for the …

Bankers, Industrialists, and their Cliques (Musacchio & Read)

Bankers, Industrialists, and their Cliques: Elite Networks in Mexico and Brazil during Early Industrialization by Aldo Musacchio and Ian Read published by Political Science (12/2007). The historiographies of Mexico and Brazil have implicitly stated that business networks were crucial for the initial industrialization of these two countries. Recently, differing visions on the importance of business networks have arisen. In the …

Risks related to EME corporate balance sheets (Chui et al.)

Risks related to EME corporate balance sheets: the role of leverage and currency mismatch by Michael Chui, Ingo Fender and Vladyslav Sushko published by BIS Quarterly Review (9/2014). Corporates in many EMEs have taken advantage of unusually easy global financial conditions to ramp up their overseas borrowing and leverage. This could expose them to increased interest rate and currency risks …

Management of Capital Flow Measures (Werner et al.)

Session 5: Management of Capital Flow Measures - Fifteenth Jacques Polak Annual Research Conference "Cross-Border Spillovers" SPEAKERS ALEJANDRO WERNER, DIRECTOR WESTERN HEMISPHERE DEPARTMENT IMF MÁRCIO GARCIA, PUC-RIO SEBASTIAN EDWARDS, UCLA JULIEN BENGUI, UNIVERSITÉ DE MONTRÉAL OLIVIER JEANNE, JOHNS HOPKINS UNIVERSITY AND IMF https://bit.ly/3ioxVRF

The Standardized World Income Inequality Database (Frederick Solt)

The Standardized World Income Inequality Database published by Frederick Solt (2020) Cross-national research on the causes and consequences of income inequality has been hindered by the limitations of the existing inequality datasets: greater coverage across countries and over time has been available from these sources only at the cost of significantly reduced comparability across observations. The goal of the Standardized …

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