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– Policy options for a sustainable fiscal regime
This brief provides concrete proposals on how Zambia's government could create a robust fiscal regime to achieve a steady flow of mineral revenue and encourage increased local participation in mining — while ensuring environmental sustainability.Zambia has had many mineral tax regimes and mining...
Much of the research on the impact of fiscal policy shocks on macroeconomic outcomes (e.g., fiscal multipliers) uses reduced-form modelling approaches such as vector auto-regressions to obtain empirical results. In a recent study1, we used this approach to estimate fiscal multipliers for South...
Despite the frequent use of fiscal policy for stabilization purposes, there remains significant uncertainty regarding the impact of fiscal policy decisions on macroeconomic outcomes. This impact is quantified by calculating fiscal multipliers. A fiscal multiplier measures the impact of government’s...
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