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Fabrizio, Stefania

Overview
Works: 24 works in 119 publications in 8 languages and 1,335 library holdings
Genres: Case studies 
Classifications: HC1060, 338.9667
Publication Timeline
Key
Publications about Stefania Fabrizio
Publications by Stefania Fabrizio
Most widely held works by Stefania Fabrizio
The second transition Eastern Europe in perspective by Stefania Fabrizio( file )
16 editions published between 2006 and 2009 in English and held by 241 libraries worldwide
The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics, East European and East Asian growth performances were about on par from the mid-1990s; both regions far surpassed Latin American growth. Second, the mechanisms of growth in East Europe and East Asia were, however, very different. East Eu
Can budget institutions counteract political indiscipline? by Stefania Fabrizio( file )
9 editions published in 2006 in English and held by 219 libraries worldwide
The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological preferences but also more fragmented government coalitions and higher voter participation. Long-term structural forces, triggered by societal divisions and representative electoral rules, have more ambiguous implications but also appear to increase budget pressures, as others have also found. However, our most robust, and hopeful, finding is that budget institutions-mechanisms and rules of the budget process-that create checks and balances have significant value even when the politics is representative but undisciplined, and when long-term structural forces are unfavorable
Breaking the impediments to budgetary reforms evidence from Europe by Stefania Fabrizio( file )
12 editions published between 2006 and 2010 in English and held by 197 libraries worldwide
Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower is the likelihood of reforms. Large deficits apparently imply strong claims on the budget and, hence, generate unwillingness to impose self-discipline. As such, countries will tend to move either to small fiscal deficits and good institutions or large deficits and weak institutions. Economic shocks (if they are large enough) can help build a constituency for improving budget institutions. However, if forgiving markets accommodate economic shocks, even such pressure may be insufficient. Forwardlooking and credible leadership appears to be an important ingredient of the solution
The Baltics : competitiveness on the eve of EU accession by Robert Burgess( Book )
6 editions published in 2004 in English and held by 126 libraries worldwide
Large current account deficits in Estonia and Latvia, and the continued real appreciation of the exchange rate in Lithuania, have prompted concerns about the competitiveness of the Baltic economies, and called into question the sustainability of their current fixed exchange rate arrangements. Recent external performance, however, appears to be explained more by temporary or cyclical developments than by a deterioration in the underlying competitive position of the Baltic economies. This book assesses the competitive position of the Baltic countries and focuses, in particular, on the viability of the countries' strategy of maintaining their fixed exchange rates upon joining the EU, participating in its exchange rate mechanism, and then adopting the euro at the earliest possible date.--Publisher's description
Emerging from the global crisis : macroeconomic challenges facing low-income countries ( Book )
9 editions published between 2010 and 2011 in English and Polish and held by 118 libraries worldwide
Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. This publication explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario.--Publisher's description
Coping with the global financial crisis : challenges facing low-income countries by Stefania Fabrizio( Book )
5 editions published in 2010 in English and held by 108 libraries worldwide
This publication provides an assessment of the implications of the financial crisis for low-income countries, evaluates the short-term macroeconomic outlook for these countries, and discusses the policy challenges they face.--Publisher's description
Managing global growth risks and commodity price shocks : vulnerabilities and policy challenges for low-income countries ( Book )
4 editions published in 2012 in English and held by 97 libraries worldwide
"As part of its work to help low-income countries manage volatility, the IMF has developed an analytical framework for assessing vulnerabilities and emerging risks that arise from changes in the external environment. This paper draws on the results of the first vulnerability exercise for low-income countries conducted by the IMF staff using this new framework. It focuses on the risks of a downturn in global growth and of further global commodity price shocks and discusses related policy challenges. Chapters review recent macroeconomic developments, including the spike in global commodity prices in early 2012; assess current risks and vulnerabilities, including how a sharp downturn in global growth and further commodity price shocks would affect low-income countries; and discuss policy challenges in the face of these risks and vulnerabilities."--Provided by publisher
Energy Subsidy Reform by Benedict J Clements( file )
5 editions published between 2013 and 2014 in 3 languages and held by 49 libraries worldwide
Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future gene
The Dynamics of Product Quality and International Competitiveness by Stefania Fabrizio( file )
9 editions published in 2007 in English and held by 39 libraries worldwide
Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange rate is irrelevant? If not, what other factors compensated for the appreciation to explain the apparently strong competitiveness of these economies? And will these favorable factors continue to power export growth? This paper places in international context the achievements of the CEE-8 and helps more broadly to identify the determinants of international competitiveness. Building from data at the six-digit level of disaggregation, it shows that the CEE-8 made an impressive shift in product quality and in the technological intensity of exports, and that these shifts associated with the structural transformation were also associated with increased market share. The analysis strongly suggests that, when trading in international markets, countries benefit from higher product quality. However, while the structural transformation achieved was valuable in raising market shares, the easy gains from this process may be over
How long is the long run? : a dynamic analysis of the Spanish business cycle by J. Humberto Lopez( Book )
11 editions published in 1997 in English and held by 33 libraries worldwide
The last two decades have seen a sort of revolution in business cycle research. The traditional Keynesian interpretation of macroeconomic fluctuations suggested that in the short run, supply shocks would move output and prices in opposite directions, while aggregate demand shocks would move them in the same direction. Short-run output movements would be dominated by demand shocks while long-run output movements would be dominated by supply shocks, and active demand policies would be the right tools for stabilization purposes. In the long run output would tend to reflect the effects of supply shocks, since the effect of demand shocks would be mostly reflected in prices
Domestic, foreign or common shocks? by Stefania Fabrizio( Book )
6 editions published in 1996 in English and held by 29 libraries worldwide
Annotation
Competitiveness in the Southern Euro Area by Bogdan Lissovolik( file )
2 editions published in 2008 in English and held by 14 libraries worldwide
This collection of studies analyzes developments in nonprice external competitiveness of France, Greece, Italy, Portugal, and Spain. While France, Italy, and Portugal have experienced substantial export market share losses, Greece and Spain performed relatively well. Export market share losses appear associated with rigidities in resource allocation (sectoral, geographical, technological) relative to peers and lower productivity gains in high value-added sectors. Disaggregated analysis of goods and services export markets provides insights on aspects such as quality, market concentration, grow
Women, Work, and the Economy: Macroeconomic Gains from Gender Equity by Katrin Elborgh-Woytek( file )
6 editions published in 2013 in 6 languages and held by 11 libraries worldwide
This SDN discusses the specific macro-critical aspects of women's participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries
Hungary selected issues by Abdul Abiad( file )
2 editions published in 2005 in English and held by 8 libraries worldwide
Should Italy sell its nonfinancial assets to reduce the debt? by Stefania Fabrizio( file )
2 editions published in 2008 in English and held by 7 libraries worldwide
This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although selling public assets has some merit if done to make more productive use of them, practical complications abound. Moreover, such sales might weaken underlying fiscal discipline. Other heavily indebted countries have reduced their debt much more than Italy without heavy recourse to extraordinary sales. In this context, the case of Belgium is of particular interest. Weighing the trade-offs, if properly and transparently done, the sale of public assets can complement, to a limited extent, fiscal consolidation, but should not be considered as an alternative to it
Energy subsidy reform : lessons and implications by Benedict J Clements( file )
3 editions published in 1900 in 3 languages and held by 7 libraries worldwide
Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 countries and (2) an analysis of ?how to do? energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions
Competitiveness in the Baltics in the run-up to EU accession by Robert Burgess( file )
2 editions published in 2003 in English and held by 7 libraries worldwide
Annotation
Hungary : selected issues by Ana Corbacho( Book )
2 editions published in 2007 in English and held by 4 libraries worldwide
Ghana : economic development in a democratic environment by Girma Begashaw( file )
1 edition published in 2000 in English and held by 4 libraries worldwide
Economic development and democracy, institutional structure, poverty, output, investment, cocoa, reform, fiscal performance, public sector reform, divestiture, banking system, competitiveness
 
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Languages
English (103)
Arabic (4)
French (3)
Japanese (1)
Chinese (1)
Polish (1)
Russian (1)
Spanish (1)
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