The long shadow of a fiscal expansion. No. w22801. National Bureau of Economic Research, 2016b.Bai, Chong-En, Chang-Tai Hsieh, and Zheng(Michael) Song, 2016, The long shadow of a fiscal expansion, Brookings Papers on Economic Activity 60, 309-327....
FISCAL DECENTRALIZATION AS A TOOL OF MINIMIZATION OF TAX GAPS IN THE ECONOMY Current trends in the functioning of the official and shadow sectors indicate the low effectiveness of the existing tools of state regulation of the economy and its inability to ensure long-term economic growth. One of ...
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However, we show that the size of shadow entities (FSs) has a critical impact on the financial system stability. For SRISK, larger shadow entities increase systemic risk much more than traditional banks and real estate finance services, as a clear effect of the rapid and sharp increase of ...
We investigate non-oil sector effects of fiscal policy in Azerbaijan over a long time period in which a recent low oil prices sample is incorporated. To obtain robust empirical findings, we use different test and estimation methods as well as address small-sample bias issues in the extended pro...
localities relied upon land sales as a source of revenue from secondary “fund budgets” at the local level, and structured quasi-fiscal spending as borrowing from local banks through local state-owned enterprises or financing vehicles. Shadow banks and informal borrowing supplemented formal bank loan...
This week, Chinese Foreign Minister Wang Yi begins his 2025 visit to Africa, continuing a 35-year tradition of prioritizing Africa in China's diplomatic agenda. As China's top diplomat engages with African leaders, this trip reaffirms Beijing's strong commitment to its long-standing partnership ...
Ronald McKinnon;Gunther Schnabl.The Case for Stabilizing China's Exchange Rate: Setting the Stage for Fiscal Expansion.中国与世界经济:英文版.2009.1-32Mc... R Mckinnon,G Schnabl - 中国与世界经济:英文版 被引量: 0发表: 2009年 Fertile Soil for Structural Funds?A Panel Data Analysis of the Co...
We examine the relationship between financial sector development and the shadow economy in Indonesia from 1980 to 2020. We estimate the size of Indonesia's shadow economy using the “Modified Cash to Deposits Ratio” approach. We then construct a long-term model using the size of Indonesia's sh...
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