External Shocks And Policy Adjustments
DOWNLOAD
Download External Shocks And Policy Adjustments PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get External Shocks And Policy Adjustments book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
External Shocks And Policy Adjustments
DOWNLOAD
Author : Naved Hamid
language : en
Publisher:
Release Date : 1994
External Shocks And Policy Adjustments written by Naved Hamid and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Economic Shocks And Structural Adjustments Turkey After 1973
DOWNLOAD
Author : P.J. Conway
language : en
Publisher: Elsevier
Release Date : 2014-11-28
Economic Shocks And Structural Adjustments Turkey After 1973 written by P.J. Conway and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-28 with Business & Economics categories.
Recent international economic events have demonstrated the vulnerability of individual countries to external disturbances, or `shocks'. Such disturbances necessitate major adjustments to developing countries' trade behaviour, and therefore also to their domestic economies.This volume is an integrated theoretical and econometric study of the impact of global economic changes on the developing Turkish economy during the period 1970-1983. Structural adjustment is defined and presented in the context of a small open economy reacting to external shocks. The interaction of government and private sector is incorporated explicitly in an intertemporal model through examination of dynamic game equilibria, and the implications of this interaction for the effectiveness of stabilization and liberalization policies are explored. This theoretical structure provides the structure for macroeconomic estimation. The estimated model then is employed for an econometric decomposition of Turkish historical economic experience into portions due to various external shocks and government policy changes.The theoretical section demonstrates the necessity of consideration of government/private interactions when measuring and evaluating structural adjustment policies. The econometric results confirm the importance of such analysis for Turkey, and provide evidence of the impact of various government policies on aggregate consumption, investment, inflation and current account deficits.This book will be of use to both international and development economists as a systematic and insightful examination of structural adjustment in Turkey, as well as a template for similar analyses for other open economies.
Energy Shocks And The World Economy
DOWNLOAD
Author : Hui-Liang Tsai
language : en
Publisher: Praeger
Release Date : 1989-09-25
Energy Shocks And The World Economy written by Hui-Liang Tsai and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-09-25 with Business & Economics categories.
The second of two works resulting from the author's extensive study of energy and the world economy, this book examines the international macroeconomic aspects of energy adjustment. Specifically, the author analyzes the ways in which economies adjust to external shocks, particularly the oil price shock and other energy market changes of the 1970s and early 1980s. He seeks to put the recessions experienced by industrial countries during the last decade in historical and analytical perspective, arguing that with the increasing openness of the world economy, the effects of the domestic policies of the industrial economies are increasingly relevant to the economic prospects of developing countries. He argues further that the apparent problems of the global economy during the post-1973 era--stagnant growth, inflation, the international debt crisis, and rising protectionism--are in part the result of a deterioration in the economic performance of industrial countries. The author begins by examining the effects of energy supply disturbances on the world economy. Subsequent chapters explore such issues as challenges to economic stabilization policy; the impact of external shocks on the economies of less developed countries, especially with regard to inflation and balance of payments problems; the relationship between world payment imbalances and recycling problems; and the link between energy markets and the international debt crisis. Finally, the author provides a theoretical framework for the international adjustment to energy shocks, focusing on flexible exchange-rate policy responses to exogenous shocks in the 1970s and the contribution of exchange rate misalignment to the international debt crisis of the 1980s.
External Shocks Adjustment Policies And Investment
DOWNLOAD
Author : Delfin S. Go
language : en
Publisher: World Bank Publications
Release Date : 1991
External Shocks Adjustment Policies And Investment written by Delfin S. Go and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Ajuste economico - Filipinas categories.
Adjustment To External Shocks In Socialist And Private Market Economies
DOWNLOAD
Author : Bela Balassa
language : en
Publisher:
Release Date : 1983
Adjustment To External Shocks In Socialist And Private Market Economies written by Bela Balassa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Developing countries categories.
External Shocks In Classical And Keynesian Economies
DOWNLOAD
Author : Klaus Schmidt-Hebbel
language : en
Publisher: World Bank Publications
Release Date :
External Shocks In Classical And Keynesian Economies written by Klaus Schmidt-Hebbel and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Latin American Debt And Adjustment
DOWNLOAD
Author : Philip Brock
language : en
Publisher: Praeger
Release Date : 1989-04-04
Latin American Debt And Adjustment written by Philip Brock and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-04-04 with Business & Economics categories.
The fourteen papers presented in this volume are thought-provoking studies of the economic adjustment of Latin America to the difficult external environment of the 1980s. The debt problems of Latin America form the background for the analyses undertaken in this book. The articles go beyond description of the debt problems to offer insights on the more fundamental long-range problems facing policymakers in the region. Positive analyses into the nature of the adjustment process and insights into future institutional changes that could improve the functioning of the Latin American economies highlight the book.
External Finance And Adjustment
DOWNLOAD
Author : Karel Jansen
language : en
Publisher: Springer
Release Date : 1997-12-13
External Finance And Adjustment written by Karel Jansen and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-12-13 with Business & Economics categories.
This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.
Monetary And Fiscal Policy Options For Dealing With External Shocks Insights From The Gimf For Colombia
DOWNLOAD
Author : Daniel Leigh
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2009-03-01
Monetary And Fiscal Policy Options For Dealing With External Shocks Insights From The Gimf For Colombia written by Daniel Leigh and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-01 with categories.
This paper utilizes an open-economy New Keynesian overlapping generations model, the Global Integrated Monetary and Fiscal Model (GIMF), to assess the macroeconomic effects of external shocks and the impact of various monetary and fiscal policy responses. The simulations assess the effect of shocks to trade, world income, and risk premia for public debt. The results suggest that under Colombia’s inflation targeting regime, which incorporates exchange rate flexibility and a highly responsive monetary policy, the economy is well poised to adjust to different external shocks. They also suggest that the potential role of fiscal policy in responding to shocks depends critically on financing conditions.
Policy Rules And External Shocks
DOWNLOAD
Author : Laurence Ball
language : en
Publisher:
Release Date : 2000
Policy Rules And External Shocks written by Laurence Ball and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Anti-inflationary policies categories.
This essay discusses rules for monetary policy in open economies. If policymakers seek to stabilize output and inflation, optimal rules in open economies differ considerably from optimal rules in closed economies. In open economies, stability is best achieved by targeting long-run inflation' a measure of inflation adjusted to remove transitory effects of exchange-rate movements. Stability is also enhanced by adding an exchange-rate term to "Taylor rules" for setting interest rates. Finally, central banks must choose whether their policy instrument is an interest rate or a "monetary conditions index": an average of the interest rate and the exchange rate. The nature of shocks to the exchange rate determines which of these choices keeps output and inflation more stable.