Home » How Good Are Ex Ante Program Evaluation Techniques? the Case of School Enrollment in Progresa by Fabian Bornhorst
How Good Are Ex Ante Program Evaluation Techniques? the Case of School Enrollment in Progresa Fabian Bornhorst

How Good Are Ex Ante Program Evaluation Techniques? the Case of School Enrollment in Progresa

Fabian Bornhorst

Published September 30th 2005
ISBN : 9781282843974
ebook
35 pages
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 About the Book 

The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent.MoreThe effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same assumption, fiscal deficits can have worrisome implications if they turn out to be permanent. First, if they occur in large countries they significantly raise the world real interest rate. Second, they cause a short run current account deterioration equal to around 50 percent of the fiscal deficit deterioration. Third, the longer run current account deterioration equals almost 75 percent for a large economy such as the United States, and almost 100 percent for a small open economy.