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Publications (5)
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
Poor governance and lack of state capabilities in around 45 countries pose a threat to global security and development. The involvement of the international community is required to help these states break out of their low-development–high-conflict traps. Recent years have seen a number of notable...
Policy Brief
pdf
Many of the world’s poorest countries can be described as 'fragile states' wherein governments cannot or will not provide an environment for households to reduce, mitigate, or cope with poverty and other risks to wellbeing. Many of these states are in conflict or just emerging from conflict. The UNU...
Policy Brief
pdf
The first Millennium Development Goal aims to halve the number of people in the world living in extreme poverty. In this Research Brief, emanating from the UNU-WIDER project on ‘Fragility and Development’, the premise is that we should also be concerned about households who are vulnerable to poverty...
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