Public Expenditure And Consumption Volatility

Public Expenditure And Consumption Volatility / Herrera, Santiago

Recent estimates of the welfare cost of consumption volatility find that it is significant in developing nations, where it may reach an equivalent of reducing consumption by 10 percent per year. Hence, examining the determinants of consumption volatility is of utmost relevance. Based on cross-countr...

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Bibliographic Details
Main Authors:Herrera Aguilera, Santiago
Other Authors:Vincent, Bruno
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2008
Subjects:
Entwicklungsländer
Currencies and Exchange Rates
Developing countries
Domestic financial markets
Economic Conditions and Volatility
Economic Stabilization
Economic Theory & Research
Emerging Markets
Finance and Financial Sector Development
Fiscal policy
Government spending
Growth rates
Income
Instrumental variables
Macroeconomics and Economic Growth
Output volatility
Private Sector Development
Standard deviation
Volatility
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