Suchergebnisse

This paper provides a technical description of GEM-PIA, a recursive-dynamic computable General Equilibrium Model for Poverty Impact Analysis in individual countries. The model combines the optimizing behavior of CGE models with the asset portfolio behavior of macromodels, thereby addressing the role of financial markets. Moreover, the model is linked to household survey information, thereby capturing the socio-economic characteristics of individual households. GEM-PIA can be used for counterfactual analysis of external shocks as well as various policies at the macro and meso level, and to assess their allocational and distributional consequences. The model is calibrated to Bolivian data and its working is illustrated in two scenarios: A permanent rise of gas exports and a temporary devaluation.

Financial repression allows governments to borrow at artificially low interest rates. Quantifying financial repression is challenging, because it relies on an estimate of the interest rate which would prevail in the absence of repression. In this paper, we put forward a quantitative business cycle model which features financial repression. We estimate the model on US times series for the period 1948-1979 in order to quantify the extent of financial repression and its impact on the economy.

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the Department of Education's financial management problems, focusing on: (1) Education's fiscal year (FY) 1999 financial audit results; (2) the relationship between the audit findings and the potential for waste, fraud, and abuse, and (3) the results of GAO's review of the Department's grantback account."

Testimony issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO discussed the financial management issues facing the Department of Agriculture (USDA), focusing on problems in the areas of: (1) implementing the Federal Credit Reform Act (FCRA) of 1990 and related accounting standards; (2) reconciling its Fund Balance with Treasury accounts; (3) addressing weaknesses in the Forest Service's financial accounting and reporting; (4) correcting certain other material internal control weaknesses; and (5) complying with some key laws and regulations."

A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a legislative requirement, GAO audited the Internal Revenue Service's (IRS) fiscal year (FY) 1999 financial statements."

A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a legislative requirement, GAO examined the Internal Revenue Service's (IRS) financial statements for the fiscal year (FY) ending September 30, 1998."