External Shocks, Fiscal Policy and Income Distribution : Alternative Scenarios for Moldova

The economy of Moldova, which has one of the lowest levels of gross national income per capita in the World Bank Europe and Central Asia region, is strongly linked to the outside world, especially to the neighboring countries of the European Union...

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Bibliographic Details
Main Authors:	Kinnunen, Jouko, Lofgren, Hans, Sulla, Victor, Merotto, Dino
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCOUNTING ACCUMULATION OF CAPITAL ADVERSE SHOCKS AGRICULTURE ANNUAL GROWTH ASSETS BALANCE OF PAYMENTS BASE YEAR BRAIN DRAIN BUDGET CONSTRAINT BUDGET CONSTRAINTS CAPITAL ACCOUNTS CAPITAL GAINS CAPITAL STOCKS COMMODITIES COMMODITY COMMODITY MARKETS COMMUNICATION TECHNOLOGIES COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMPTION DECISIONS CONSUMPTION LEVELS COUNTRY DEVELOPMENT CRISES CURRENT ACCOUNT CURRENT ACCOUNTS DEBT DEMAND CURVE DEMAND CURVES DEMOGRAPHIC DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DEVELOPMENT STRATEGY DIRECT INVESTMENT DISPOSABLE INCOME DOMESTIC BORROWING DOMESTIC DEMAND DOMESTIC DEMANDS DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICE LEVELS DOMESTIC PRICES ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC SECTORS ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT GROWTH EQUILIBRIUM EQUILIBRIUM PRICES EQUIPMENT EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT MARKETS EXPORT SHARE EXPORT VOLUMES EXPORTS EXTERNAL SHOCKS EXTERNAL TRADE FACTOR DEMAND FACTOR MARKETS FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INTERMEDIATION FISCAL POLICY FIXED CAPITAL FIXED INVESTMENT FOREIGN CURRENCY FOREIGN DEBT FOREIGN DEBTS FOREIGN EXCHANGE FOREIGN GOVERNMENT FOREIGN INTEREST FOREIGN INTERESTS FOREIGN MARKETS FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT FULL EMPLOYMENT FUNCTIONAL FORMS FUTURE GROWTH GDP GENERAL EQUILIBRIUM GINI COEFFICIENT GOVERNMENT ACCOUNTS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT DEBTS GOVERNMENT INVESTMENT GOVERNMENT POLICY GOVERNMENT REVENUES GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL INCOME GROSS NATIONAL SAVINGS GROWTH RATE GROWTH RATES HOME MARKET HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD SAVINGS IMPACT OF SHOCKS IMPORT IMPORT PRICES IMPORTS INCOME INCOME GROWTH INCOME INEQUALITY INCOME TAX INCOME TAXES INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENTS INTEREST PAYMENTS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL PRICES INTERNATIONAL TRADE INVESTMENT DEMANDS INVESTMENT FINANCING INVESTMENT SPENDING LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY MANUFACTURING INDUSTRY MARKET ACCESS MARKET PRICES MARKET SHARE MIDDLE-INCOME COUNTRIES MOBILE PHONE MOBILE PHONES MONETARY FUND NATIONAL INCOME OUTPUT OUTPUTS PENSIONS PERSONAL INCOME POLICY RESPONSES POVERTY REDUCTION PRICE CHANGES PRICE ELASTICITY PRICE LEVELS PRIVATE CAPITAL PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SAVINGS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROFIT MAXIMIZATION PUBLIC INVESTMENT RAPID ECONOMIC GROWTH RAPID GROWTH REAL ESTATE REAL EXCHANGE RATE REAL GROWTH RATES REAL WAGES REGULATORY ENVIRONMENT RELATIVE PRICES REMITTANCE REMITTANCES RETURN SAVINGS SAVINGS RATE SMALL COUNTRY SOCIAL BENEFITS SOCIAL PROTECTION STOCK CHANGE STRONG DEMAND STRUCTURAL CHANGE SUPPLIERS SUPPLY CURVE SUPPLY CURVES SUPPLY SIDE SURPLUS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX POLICY TAX RATES TAX REVENUES TELECOMMUNICATIONS TELEPHONE LINES TOTAL EXPORTS TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE BARRIERS TRADE DEFICIT TRADE STATISTICS TRADING TRADING PARTNERS TRANSACTION TRANSACTION COSTS TRUST FUND UNCERTAINTIES UNCERTAINTY UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT RATE UNSKILLED LABOR UPWARD PRESSURE VALUE ADDED VOLATILITY WAGE GROWTH WAGE INCREASES WAGES WORLD DEVELOPMENT INDICATORS WORLD MARKET WORLD MARKETS WORLD PRICES
Online Access:	http://documents.worldbank.org/curated/en/2013/02/17361892/external-shocks-fiscal-policy-income-distribution-alternative-scenarios-moldova http://hdl.handle.net/10986/13168