A P* Approach to Price Adjustment in Developing Countries PDF Download
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Author: Steven Morling
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 40
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Book Description
Author: Steven Morling
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 40
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Book Description
Author: Steven Morling
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
Author: Adedotun O. Phillips
Publisher: Nigerian Institute of Social and Economic Research (NISER), University of Ibadan
ISBN:
Category : Developing countries
Languages : en
Pages : 32
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Book Description
Author: Raghbendra Jha
Publisher: Psychology Press
ISBN: 9780415262149
Category : Business & Economics
Languages : en
Pages : 518
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Book Description
This updated edition develops the themes contained in the first edition, taking into account the changes that have occurred in the global economy since the turn of the millennium.
Author: Rodney Beard
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 30
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Book Description
Author: Stuart McDonald
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 32
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Book Description
Author: Mr.Alexander W. Hoffmaister
Publisher: International Monetary Fund
ISBN: 1451922124
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
This paper studies the sources of macroeconomic fluctuations in developing countries using a structural VAR approach. Identification of the sources is achieved using long-run restrictions derived from a theoretical model of a small open economy encompassing a large number of macroeconomic paradigms; the short-run dynamics are unrestricted. This framework is applied to Brazil and Korea. The results confirm that supply shocks are the main source of GDP fluctuations, even in the short run. Aggregate demand shocks are shown to be important in the short run in Brazil, but not in Korea. External shocks explain a small fraction of the variance of output, whereas the real exchange rate is driven mainly by fiscal shocks. Nominal shocks appear to have little impact on output and the real exchange rate.
Author: A. P. Thirlwall
Publisher: Edward Elgar Publishing
ISBN:
Category : Balance of payments
Languages : en
Pages : 200
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Book Description
This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.
Author: Stuart McDonald
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 36
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Book Description
Author: A. J. Makin
Publisher:
ISBN:
Category : Debts, External
Languages : en
Pages : 28
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Book Description
