How Big (Small?) are Fiscal Multipliers? PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download How Big (Small?) are Fiscal Multipliers? PDF full book. Access full book title How Big (Small?) are Fiscal Multipliers? by Ethan Ilzetzki. Download full books in PDF and EPUB format.
Author: Ethan Ilzetzki
Publisher: International Monetary Fund
ISBN: 1455218022
Category : Business & Economics
Languages : en
Pages : 68
Get Book Here
Book Description
We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero.
Author: Ethan Ilzetzki
Publisher: International Monetary Fund
ISBN: 1455218022
Category : Business & Economics
Languages : en
Pages : 68
Get Book Here
Book Description
We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of development, exchange rate regime, openness to trade, and public indebtedness. Based on a novel quarterly dataset of government expenditure in 44 countries, we find that (i) the output effect of an increase in government consumption is larger in industrial than in developing countries, (ii) the fisscal multiplier is relatively large in economies operating under predetermined exchange rate but zero in economies operating under flexible exchange rates; (iii) fiscal multipliers in open economies are lower than in closed economies and (iv) fiscal multipliers in high-debt countries are also zero.
Author: Ekaterina Yahyaoui Krivenko
Publisher: Cambridge University Press
ISBN: 1108803164
Category : Law
Languages : en
Pages : 215
Get Book Here
Book Description
The book offers the first analysis of the influence exercised by the concept of space on the emergence and continuing operation of international law. By adopting a historical perspective and analysing work of two central early modern thinkers – Leibniz and Hobbes – it offers a significant addition to a limited range of resources on early modern history of international law. The book traces links between concepts of space, universality, human cognition, law, and international law in these two early modern thinkers in a comparative fashion. Through this analysis, the book demonstrates the dependency of the contemporary international law on the Hobbesian concept of space. Although some Leibnizian elements continue to operate, they are distorted. This continuing operation of Leibnizian elements is explained by the inability of international law, which is based on the Hobbesian concept of space, to ensure universality of its normative foundation.
Author: Bank of Canada
Publisher:
ISBN:
Category : Banks and banking
Languages : fr
Pages : 882
Get Book Here
Book Description
Author: Zohar Shavit
Publisher: University of Georgia Press
ISBN: 0820334812
Category : Literary Criticism
Languages : en
Pages : 218
Get Book Here
Book Description
Since its emergence in the seventeenth century as a distinctive cultural system, children's literature has had a culturally inferior status resulting from its existence in a netherworld between the literary system and the educational system. In addition to its official readership—children—it has to be approved of by adults. Writers for children, explains Zohar Shavit, are constrained to respond to these multiple systems of often mutually contradictory demands. Most writers do not try to bypass these constraints, but accept them as a framework for their work. In the most extreme cases an author may ignore one segment of the readership. If the adult reader is ignored, the writer risks rejection, as is the case of popular literature. If the writer utilizes the child as a pseudo addressee in order to appeal to an adult audience, the result can be what Shavit terms an ambivalent work. Shavit analyzes the conventions and the moral aims that have structured children's literature, from the fairy tales collected and reworked by Charles Perrault and the Brothers Grimm—in particular, “Little Red Riding Hood”—through the complex manipulations of Lewis Carroll in Alice's Adventures in Wonderland, to the subversion of the genre's canonical requirements in the chapbooks of the eighteenth century, and in the formulaic Nancy Drew books of the twentieth century. Throughout her study Shavit, explores not only how society has shaped children's literature, but also how society has been reflected in the literary works it produces for its children.
Author: Jeffrey A. Frankel
Publisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Business & Economics
Languages : en
Pages : 48
Get Book Here
Book Description
This essay considers some prescriptions that are currently popular regarding exchange rate regimes: a general movement toward floating, a general movement toward fixing, or a general movement toward either extreme and away from the middle. The whole spectrum from fixed to floating is covered (including basket pegs, crawling pegs, and bands), with special attention to currency boards and dollarization. One overall theme is that the appropriate exchange rate regime varies depending on the specific circumstances of the country in question (which includes the classic optimum currency area criteria, as well as some newer criteria related to credibility) and depending on the circumstances of the time period in question (which includes the problem of successful exit strategies). Latin American interest rates are seen to be more sensitive to US interest rates when the country has a loose dollar peg than when it has a tight peg. It is also argued that such relevant country characteristics as income correlations and openness can vary over time, and that the optimum currency area criterion is accordingly endogenous.
Author: William Charvat
Publisher: Columbia University Press
ISBN: 9780231070775
Category : Language Arts & Disciplines
Languages : en
Pages : 356
Get Book Here
Book Description
This study focuses on the complex relations between author, publisher and contemporary reading public in 19th-century America; in particular, the emergence of Irving and Cooper as America's first successful literary entrepreneurs, how Poe's and Melville's successes and failures affected their writing, the popularization of poetry in the 1830s and 1840s, the role of the literary magazine in the 1840s and 1850s, and the beginnings of book promotion. It pays particular attention to the way social and economic forces helped to shape literary works.
Author: Gustavo Adler
Publisher: International Monetary Fund
ISBN: 1475589824
Category : Business & Economics
Languages : en
Pages : 98
Get Book Here
Book Description
to come
Author: Mr.Adam Bennett
Publisher: International Monetary Fund
ISBN: 9781557757579
Category : Business & Economics
Languages : en
Pages : 62
Get Book Here
Book Description
Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy issues that arise-and various monetary strategies that may be pursued- when the monetary sector is dollarized, and it considers the implications that dollarization has for the design of IMF programs.
Author: Andrew Berg
Publisher: International Monetary Fund
ISBN: 1451935048
Category : Business & Economics
Languages : en
Pages : 27
Get Book Here
Book Description
Analyzes the costs and benefits of full dollarization, or the adoption by one country of another country's currency. Potential advantages include lower borrowing costs and deeper integration into world markets. But countries lose the ability to devalue, and become dependent on the U.S. Compares with currency board option.
Author: Frances Lynch
Publisher: Routledge
ISBN: 1134766742
Category : Foreign Language Study
Languages : en
Pages : 334
Get Book Here
Book Description
This is a comprehensive history of a critically formative period in French economic history. Frances Lynch covers topics such as the post-war negotiations for American aid, the reconstruction of a capital market, the modernization of French agriculture, the liberalization of trade in the 1950s and subsequent economic growth.
