Jul 2010
Author(s): Benigno, Gianluca; Chen, Huigang; Otrok, Christopher; Rebucci, Alessandro; Young, Eric R.
This paper analyzes quantitatively the extent to which there is overborrowing (i.e., inefficient borrowing) in a business cycle model for emerging market economies with production and an occasionally…
Nov 2006
Author(s): Puente, José Manuel; Daza, Abelardo; Ríos, Germán; Rodríguez, Alesia
This study seeks to provide an analysis based on positive and empirical approaches to the budget-making process in Venezuela from 1974 to 2004 in order to understand budget expenditure decisions and…