Fiscal Policy And The Business Cycle Associated With Exchange Rate Based Stabilizations
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The Business Cycle Associated With Exchange Rate Based Stabilization
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Author : Miguel Alberto Kiguel
language : en
Publisher: World Bank Publications
Release Date : 1990
The Business Cycle Associated With Exchange Rate Based Stabilization written by Miguel Alberto Kiguel 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 1990 with Business cycles categories.
Disinflation programs in chronic inflation countries do not normally follow the usual Phillips curve tradeoff in the medium run. Instead of having a sharp recession in the early stage of stabilization, there often is an initial expansion of output followed by a recession and balance of payments difficulties. This pattern is related to programs that use the exchange rate as an instrument of disinflation.
Fiscal Policy And The Business Cycle Associated With Exchange Rate Based Stabilizations
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Author : Ernesto Talvi
language : en
Publisher:
Release Date : 1995
Fiscal Policy And The Business Cycle Associated With Exchange Rate Based Stabilizations written by Ernesto Talvi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business cycles categories.
The Role Of Fiscal Policy In Sustainable Stabilization
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Author : Mr.Gerd Schwartz
language : en
Publisher: International Monetary Fund
Release Date : 1997-08-01
The Role Of Fiscal Policy In Sustainable Stabilization written by Mr.Gerd Schwartz 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 1997-08-01 with Business & Economics categories.
This paper reviews the role of fiscal policy in a number of stabilization programs in Latin America since the early 1980s. The paper highlights the importance of sustainable fiscal adjustment in stabilization efforts, and discusses the main issues that arise in this context. By reviewing the Latin American experience, it is argued that responsibility for failed stabilization attempts can be traced to four main factors: inconsistent policy mixes; excessive reliance on temporary factors of improvement in the fiscal accounts; failure to implement fundamental fiscal reforms; and lack of complementary structural reforms.
Annual World Bank Conference On Development Economics 2000
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Author : Boris Pleskovic
language : en
Publisher: World Bank Publications
Release Date : 2001
Annual World Bank Conference On Development Economics 2000 written by Boris Pleskovic 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 2001 with Political Science categories.
Annotation This 12th Annual World Bank Conference on Development Economics focuses mainly on four areas: new development thinking, crises and recovery, corporate governance and restructuring, and social security including public and private savings.
Exchange Rate Based Stabilization In Western Europe
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Author : Ms.Enrica Detragiache
language : en
Publisher: International Monetary Fund
Release Date : 1997-06-01
Exchange Rate Based Stabilization In Western Europe written by Ms.Enrica Detragiache 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 1997-06-01 with Business & Economics categories.
This paper compares the experience with exchange-rate–based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroeconomic variables—inflation, output, demand, the real exchange rate and the current account—in the four countries examined did not correspond to the pattern observed in developing countries, although some resemblance to this pattern could be found in Italy in 1987–92 and Greece in 1994–96. The experience with ERBS in Western Europe highlights the importance of incomes policy as an ingredient of a successful stabilization program and shows that the adoption of a looser anchor does not necessarily reduce the output cost of disinflation.
Exchange Rate Based Stabilization
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Author : Mr.A. Javier Hamann
language : en
Publisher: International Monetary Fund
Release Date : 1999-10-01
Exchange Rate Based Stabilization written by Mr.A. Javier Hamann 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 1999-10-01 with Business & Economics categories.
Do exchange-rate-based stabilizations generate distinctive economic dynamics? To address this question, this paper identifies stabilization episodes using criteria that differ from those in previous empirical studies of exchange-rate-based stabilizations. We find that, while some differences can be detected between exchange-rate-based stabilizations and stabilizations where the exchange rate is not the anchor, the behavior of important variables does not appear to differ—especially output growth, which is good in both cases. There is also no evidence that fiscal discipline is enhanced by adopting an exchange-rate anchor, or that there are any systematic differences in the success records of stabilizations that use the exchange rate as a nominal anchor and those that do not.
The Syndrome Of Exchange Rate Based Stabilizations And The Uncertain Duration Of Currency Pegs
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Author : Enrique G. Mendoza
language : en
Publisher:
Release Date : 1996
The Syndrome Of Exchange Rate Based Stabilizations And The Uncertain Duration Of Currency Pegs written by Enrique G. Mendoza and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Currency question categories.
Advances In Macroeconomic Theory
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Author : J. Drèze
language : en
Publisher: Springer
Release Date : 2001-08-02
Advances In Macroeconomic Theory written by J. Drèze and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-08-02 with Business & Economics categories.
Leading world scholars analyze a range of specific departures from general equilibrium theory which have significant implications for the macroeconomic analysis of both developed and developing economies. Jacques Drèze considers uncertainty and incomplete markets and Nobel Laureate Robert Solow relates growth theory to the macroeconomic framework. Other issues examined are the implications for macro-policy of new research, including Joseph Stiglitz's warning on the misplaced zeal for financial market liberalization which partly engendered the East Asian and Russian crises.
Exchange Rate Based Stabilization With Endogenous Fiscal Response
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Author : Ernesto Talvi
language : en
Publisher:
Release Date : 1996
Exchange Rate Based Stabilization With Endogenous Fiscal Response written by Ernesto Talvi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Balance of payments categories.
Nber Macroeconomics Annual 1995
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Author : Ben S. Bernanke
language : en
Publisher: MIT Press
Release Date : 1996
Nber Macroeconomics Annual 1995 written by Ben S. Bernanke and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.