WorldCat Identities

Mulas-Granados, Carlos

Works: 59 works in 167 publications in 2 languages and 2,889 library holdings
Genres: History 
Roles: Editor, Author
Classifications: HC240, 336.309409051
Publication Timeline
Most widely held works by Carlos Mulas-Granados
Fiscal politics by Carlos Mulas-Granados( )

9 editions published in 2017 in English and Undetermined and held by 778 WorldCat member libraries worldwide

This book provides a collection of essays examining the impact of politics on fiscal decisions. It addresses two main questions: (1) can politcs distort optimal fiscal policy through elections and through political fragmentation, and (2) can rules and institutions weaken the negative effects of this dynamic. The book has three parts: Part 1 outlines the problems; Part 2 outlines how institutions and fiscal rules can offer solutions; and Part 3 discusses how multilevel governance frameworks can help
Fiscal Challenges of Population Aging in Brazil by Alfredo Cuevas( )

3 editions published in 2017 in English and held by 503 WorldCat member libraries worldwide

In recent decades, population has been aging fast in Brazil while old age pensions and healthrelated spending have increased. As the population ages, the spending trend threaten to reach unsustainable levels absent reforms. Increasing the retirement age is key, but by itself will not provide sufficient savings to close the pension system financing gap, and reforms reducing replacement rates are necessary. In the area of health, there is scope for improving expenditure efficiency by strengthening outpatient care and regional networks, and developing clinical guidelines for cost-effective treatments and drugs. Reforms are urgent, so that they can be gradual
How effective is fiscal policy response in systemic banking crises? by Emanuele Baldacci( )

13 editions published in 2009 in English and held by 415 WorldCat member libraries worldwide

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate demand. Fiscal expansions that rely mostly on measures to support government consumption are more effective in shortening the crisis duration than those based on public investment or income tax cuts. But these results do not hold for countries with limited fiscal space where fiscal expansions are prevented
Reforming government subsidies in the new member states of the European Union by Carlos Mulas-Granados( )

9 editions published in 2008 in English and held by 401 WorldCat member libraries worldwide

Subsidy reform has been a key component of the pre-accession reform agenda of the 10 new member states that joined the EU in 2004 (EU-10). During the pre-accession period, these countries had to undertake a number of important structural reforms in their economies. One of the most critical reforms was to reduce, and in some cases, eliminate their subsidy programs. This paper analyzes how key subsidy reforms (in state aid to enterprises, agriculture, energy, and transportation) were carried out in the EU-10 during 1995-2005, and explains observed variations across types of subsidies and across countries. Based on an extensive qualitative analysis, the paper draws lessons for future successful reforms of government subsidies
Economics, politics and budgets : the political economy of fiscal consolidations in Europe by Carlos Mulas-Granados( Book )

21 editions published between 2005 and 2014 in English and Undetermined and held by 230 WorldCat member libraries worldwide

"Motivated by the proliferation of fiscal consolidation episodes in the advent of Monetary Union, this book explains the causes and consequences of fiscal policy in Europe."--Jacket
Now or Later? The Political Economy of Public Investment in Democracies by Sanjeev Gupta( )

2 editions published in 2015 in English and held by 65 WorldCat member libraries worldwide

"This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, the authors find that the rate of growth of public investment is higher at the beginning of electoral cycles and decelerates thereafter. The peak in public investment growth occurs between 21 and 25 months before elections. Cabinet ideology and government fragmentation influence the size of investment booms. More parties in government are associated with smaller increases in public investment while left-wing cabinets are associated with higher sustained increases in investment. Stronger institutions help attenuate the impact of elections on investment, but available information is insufficient to draw definitive conclusions."--Abstract
The Blind Side of Public Debt Spikes by L Jaramillo( )

4 editions published in 2016 in English and held by 59 WorldCat member libraries worldwide

What explains public debt spikes since the end of WWII? To answer this question, this paper identifies 179 debt spike episodes from 1945 to 2014 across advanced and developing countries. We find that debt spikes are not rare events and their probability increases with time. We then show that large public debt spikes are neither driven by high primary deficits nor by output declines but instead by sizable stock-flow adjustments (SFAs). We also find that SFAs are poorly forecasted, which can affect debt sustainability analyses, and are associated with a higher probability of suffering non-declining debt paths in the aftermath of public debt spikes
Functional income distribution and its role in explaining inequality by Maura Francese( )

1 edition published in 2015 in English and held by 50 WorldCat member libraries worldwide

This paper is motivated by two parallel trends: the declining labor share of income and increasing inequality. Micro and macroeconomic data, covering up to 93 countries between 1970 and 2013, are used to assess whether the declining labor share of income has been a key factor driving growing inequality. The major conclusion is that changes in income inequality across a wide range of countries have been driven significantly by changes in the inequality of wages, while the distribution of income between labor and capital has not been a major factor. --Abstract
Restoring debt sustainability after crises : implications for the fiscal mix by Emanuele Baldacci( )

4 editions published between 2006 and 2010 in English and held by 49 WorldCat member libraries worldwide

This paper analyzes the experience of 99 advanced and developing economies in restoring fiscal sustainability during 1980 - 2008 after banking crises, which led to large accumulation of public debt. It finds that successful debt reductions have relied chiefly on generation of large primary surpluses in post-crisis years through current expenditure cuts. These savings have been accompanied by growth-promoting measures and a supportive monetary policy stance. While these results are consistent with the existing literature, the paper finds that revenue-raising measures increased the likelihood of successful consolidation in countries that faced large adjustment needs after the crisis. This reflects the fall in effectiveness of spending cuts when deficit reduction needs are large independent of initial tax ratios
Debt reduction, fiscal adjustment, and growth in credit-constrained economies by Emanuele Baldacci( )

3 editions published in 2013 in English and held by 47 WorldCat member libraries worldwide

This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during 1980?2012. It shows that expenditure-based, front-loaded fiscal adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that are gradual and rely on a mix of revenue and expenditure measures can support output expansion, while reducing public debt. In this cont
Corrupción, cohesión social y desarrollo : el caso de Iberoamérica( Book )

10 editions published in 2011 in Spanish and English and held by 47 WorldCat member libraries worldwide

La lucha contra la corrupción constituye un componente obligado en las tareas de fortalecimiento del Estado y de promoción del desarrollo. Hoy se sabe que es imposible el progreso sin instituciones de gobierno que sean legítimas y eficaces; y que no es posible asentar esas instituciones en un entorno que resulte permisivo o tolerante con la corrupción. Pese a ello, el fenómeno se resiste a desaparecer, sin que ningún país esté libre de sus posibles efectos. Así pues, más que eliminar el problema, lo que cabe es reducir los espacios de oportunidad que el marco institucional proporciona al surgimiento de prácticas corruptas, creando los mecanismos para identificar, perseguir y penalizar esas prácticas
Front-loaded or back-loaded fiscal adjustments : what works in emerging market economies? by Carlos Mulas-Granados( )

3 editions published in 2004 in English and held by 42 WorldCat member libraries worldwide

This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have the highest likelihood of success. Fiscal consolidations based on expenditure cuts increase the probability of approaching and achieving fiscal sustainability but are insufficient to maintain it unless accompanied by revenue reforms. Adjustment episodes launched in countries where governments enjoy a parliamentary majority and do not face imminent elections, are found to be more successful. Fiscal consolidations undertaken under IMF-supported programs also have a higher probability of success
Governments and Promised Fiscal Consolidations by Sanjeev Gupta( )

2 editions published in 2017 in English and held by 30 WorldCat member libraries worldwide

This paper analyses the causes and consequences of fiscal consolidation promise gaps, defined as the distance between planned fiscal adjustments and actual consolidations. Using 74 consolidation episodes derived from the narrative approach in 17 advanced economies during 1978 - 2015, the paper shows that promise gaps were sizeable (about 0.3 percent of GDP per year, or 1.1 percent of GDP during an average fiscal adjustment episode). Both economic and political factors explain the gaps: for example, greater electoral proximity, stronger political cohesion and higher accountability were all associated with smaller promise gaps. Finally, governments which delivered on their fiscal consolidation plans were rewarded by financial markets and not penalized by voters
Brazil : selected issues by International Monetary Fund( )

1 edition published in 2016 in English and held by 27 WorldCat member libraries worldwide

Upgrading Brazil's inflation-targeting framework: Brazil was one of the early adopters of an inflation target in 1999. Its framework has proved resilient and inflation has stabilized at significantly lower rates than in previous decades. Since then, lessons from international research and the experience from other inflation-targeting countries have shown that it is possible to achieve better inflation and growth outcomes by enhancing central bank credibility and transparency. Brazil’s experience also suggests that there could be room for improvement, as both inflation and inflation expectations have often deviated from the mid-point of the target range, increasing the cost of disinflation. This paper discusses how Brazil could upgrade its inflation-targeting framework in terms of its design, analytical framework and effectiveness of central bank communication. Central bank independence is the top priority, but Brazil could also benefit from adopting an inflation-forecast targeting framework. Whereas this paper focuses on monetary policy, a systematically consistent policy mix is also important to secure better inflation and growth outcomes. --
The political economy of fiscal adjustments in the European Union by Carlos Mulas-Granados( Book )

6 editions published in 2002 in English and held by 25 WorldCat member libraries worldwide

The electoral consequences of fiscal adjustments in the European Union by Carlos Mulas-Granados( Book )

8 editions published in 2003 in English and held by 22 WorldCat member libraries worldwide

El estado dinamizador : nuevos riesgos, nuevas políticas y la reforma del estado de bienestar en Europa by Carlos Mulas-Granados( Book )

5 editions published in 2010 in Spanish and held by 15 WorldCat member libraries worldwide

Contiene: Parte I: Nuevos riesgos y estado dinamizador - Parte II: Dinamizar los pilares tradicionales del bienestar - Parte III: Nuevos pilares del bienestar y estados más dinámicos
Política fiscal e instituciones presupuestarias en los países de la reciente ampliación de la Unión Europea by Carlos Mulas-Granados( )

2 editions published in 2007 in Spanish and held by 10 WorldCat member libraries worldwide

The trade-off between growth & equality and the economic impact of alternative fiscal adjustment strategies in the EU by Carlos Mulas-Granados( Book )

5 editions published between 2002 and 2003 in English and held by 7 WorldCat member libraries worldwide

Spatial distribution of R & D expenditure and patent applications across EU regions and its impact on economic cohesion by Carmela Martín( Book )

4 editions published between 2002 and 2004 in English and held by 7 WorldCat member libraries worldwide

Spatial distribution of R & D expenditure and patent applications across EU regions and its impact on economic cohesion
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Audience level: 0.27 (from 0.06 for Fiscal Cha ... to 0.94 for El estado ...)

Economics, politics and budgets : the political economy of fiscal consolidations in Europe
Alternative Names
Carlos Mulas

Carlos Mulas Granados politico spagnolo

Carlos Mulas Granados Spaans hoogleraar

Carlos Mulas Granados spaanscher Politiker

Carlos Mulas Granados spanischer Politiker

Carlos Mulas Granados Spanish university professor

Granados Carlos Mulas-

Granados, Carlos Mulas 1974-

Mulas, Carlos 1974-

Mulas Granados, Carlos

Mulas-Granados, Carlos 1974-


English (97)

Spanish (16)