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Author: Gian Maria Milesi-Ferretti
Publisher:
ISBN:
Category : Deflation (Finance)
Languages : en
Pages : 48
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Book Description
Author: Gian Maria Milesi-Ferretti
Publisher:
ISBN:
Category : Deflation (Finance)
Languages : en
Pages : 48
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Book Description
Author: Compiled by the British Library of Political and Economic Science at the London School of Economics
Publisher: Psychology Press
ISBN: 9780415152150
Category : Economics
Languages : en
Pages : 680
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Book Description
The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institutions whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Author: Mr.A. Javier Hamann
Publisher: International Monetary Fund
ISBN: 1451875452
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of stabilization from inflation levels above 40 percent, we show that most of the failures are explained by bad luck, unfavorable initial conditions, and inadequate political institutions. The evolution of trading partners' demand and U.S. interest rates captures the effect of bad luck. Past inflation affects the outcome in two different ways: a long history of high inflation makes failure more likely, while a high level of inflation prior to stabilization increases the chances of success. Countries with short-lived political institutions, a weak executive authority, and proportional electoral rules also tend to fail. After controlling for all these factors, we find that exchange-rate-based stabilizations are more likely to succeed. These findings are robust across measures of failure (two dichotomous and one continuous), sample selection criteria, and estimation techniques, including Heckman's correction for the endogeneity of the anchor.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451930933
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1272
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Book Description
Author: Gian Maria Milesi-Ferretti
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 36
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Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 312
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Book Description
Author: Carlos M. Asilis
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
Author: Alan Manning
Publisher:
ISBN:
Category : Ballots
Languages : en
Pages : 44
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Book Description
Author: Chenggang Xu
Publisher:
ISBN:
Category : Agricultural wages
Languages : en
Pages : 68
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Book Description
