Higher Education Policies and Intergenerational Mobility
Polarization: A Supply-Side Mechanism
(with Benedikt Dengler)
Why we do not Tag to Tax: Pareto Optimality versus Horizontal Equity in the Age of Data
Lizarazo Ruiz, S.V., A. Peralta-Alva, Y. Wu, and V. Ziesemer (2017), Macroeconomic and Distributional Implications of Financial Reforms in Myanmar. IMF Country Report No. 17/31: Myanmar, Selected Issues 15–27.
To prepare for the eventual liberalization of Myanmar’s financial sector, it is also important to understand its impact on economic growth, poverty, and income distribution. A history of economic isolation has left Myanmar with a small and underdeveloped financial market. It has also led to concentration of credit in the public sector and large enterprises in urban areas, leaving agriculture and small and medium-sized enterprises (SMEs) poorly served. Given these salient features of financial markets in Myanmar, a key question for policy makers to ask before financial liberalization is how it will affect income distribution and poverty, as well as overall economic growth. Against this background, this selected issues paper attempts to shed some light on the macroeconomic and distributional implications of financial sector reform, with assistance of a dynamic stochastic general equilibrium (DSGE) model.