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Publications (4)
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...
Policy Brief
pdf
– Strategies and Lessons from the Developing World
What can the less well-off developing countries learn from the ’successes’ of other developing countries? This Policy Brief highlights successful development strategies and lessons from in-depth case studies of select countries from the developing world. The coverage includes East Asia and the...
Policy Brief
pdf
– Historical Accounts from More Advanced Countries
What, if anything, can today's developing countries learn from the past strategies of more advanced countries? the answer is 'a great deal', despite the obvious fact that the development environment has changed significantly. Based on 11 themes, this Policy Brief highlights the synthesis of...
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