Download or read book Are External Shocks Responsible for the Instability of Output in Low Income Countries written by Claudio E. Raddatz and published by World Bank Publications. This book was released on 2005 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor economic performance of low-income countries. The author quantifies the impact of these different external shocks using a panel vector autoregression (VAR) approach and compares their relative contributions to output volatility in low-income countries vis-à-vis internal factors. He finds that external shocks can only explain a small fraction of the output variance of a typical low-income country. Internal factors are the main source of fluctuations. From a quantitative perspective, the output effect of external shocks is typically small in absolute terms, but significant relative to the historic performance of these countries.

Download or read book External Shocks in Classical and Keynesian Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book External Shocks Policies and Tail Shifts in Real Exchange Rates written by Mr. Nicolas E Magud and published by International Monetary Fund. This book was released on 2023-06-23 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use panel quantile regressions to study extreme (rather than average) movements in the distribution of the real effective exchange rate (REER) of small open economies. We document that global uncertainty (VIX) and global financial conditions (U.S. monetary policy) shocks have a strong impact on the distribution of the REER changes, with larger impacts in the tails of the distribution, and especially in economies with shallower FX markets, lower central bank credibility, and higher credit risk (i.e., weaker macro fundamentals). Foreign exchange intervention (FXI) partially offsets the impact of these shocks, especially in the left tail (large depreciations) and particularly in economies with weaker fundamentals but, more importantly, when FXI is used sporadically. Thus, our results highlight the importance of deepening FX markets, improving central bank credibility, and strengthening macro fundamentals against the potential dynamic trade-offs of overreliance on a policy that would exacerbate the previously mentioned frictions. While our results point to low effectiveness of capital flow management in preventing large REER movements, they seem to enable more impactful foreign exchange intervention in the immediate aftermath of shocks.

Download or read book Dynamic Response to Foreign Transfers and Terms of trade Shocks in Open Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both permanent and transitory disturbances can change long- run capacity and output -- although they may have opposite effects on the current account. Liquidity constraints and wage rigidities tend to amplify the cyclical adjustment to external shocks.

Download or read book Applied General Equilibrium and Economic Development written by Jean Mercenier and published by University of Michigan Press. This book was released on 1994 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Traditional tools of analysis that focus on particular commodities or sectors, a particular time frame, and aggregate diverse socioeconomic groups are ill-suited to analyze the consequences of the economic reforms of the last ten years. This volume shows the greater power and relevance of applied general equilibrium methods." "Through discussion of several major policy issues - agricultural and food policy, economies of scale in production and the associated market imperfections, macrostabilization programs, and modeling intertemporal tradeoffs - the contributors present work representative of the major trends in applied general equilibrium modeling of developing-country issues. Policy analysis using a rich variety of static, recursive, and intertemporal dynamic models is illustrated with problems from a number of developing countries in Africa, Asia, and Latin America. The countries studied range widely in their institutional features, stages of development, and economic size."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Download or read book Trauma Induced Coagulopathy written by Hunter B. Moore and published by Springer Nature. This book was released on 2020-10-12 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of this publication was aimed at defining the current concepts of trauma induced coagulopathy by critically analyzing the most up-to-date studies from a clinical and basic science perspective. It served as a reference source for any clinician interested in reviewing the pathophysiology, diagnosis, and management of the coagulopathic trauma patient, and the data that supports it. By meticulously describing the methodology of most traditional as well as state of the art coagulation assays the reader is provided with a full understanding of the tests that are used to study trauma induced coagulopathy. With the growing interest in understanding and managing coagulation in trauma, this second edition has been expanded to 46 chapters from its original 35 to incorporate the massive global efforts in understanding, diagnosing, and treating trauma induced coagulopathy. The evolving use of blood products as well as recently introduced hemostatic medications is reviewed in detail. The text provides therapeutic strategies to treat specific coagulation abnormalities following severe injury, which goes beyond the first edition that largely was based on describing the mechanisms causing coagulation abnormalities. Trauma Induced Coagulopathy 2nd Edition is a valuable reference to clinicians that are faced with specific clinical challenges when managing coagulopathy.

Download or read book North South Linkages and International Macroeconomic Policy written by David Vines and published by Cambridge University Press. This book was released on 1995-09-21 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers have begun to apply economic techniques initially developed to analyse the industrialised countries to analyse North-South interactions in the world economy. This volume, derived from a CEPR conference, brings together theoretical and empirical papers on fiscal, monetary and trade linkages between the North and South. The papers use the advances in the use of the major macroeconomic models to simulate global and inter-regional interactions, and to analyse the implications for the South of macroeconomic developments in the North. They also examine international policy questions in a genuinely global context, and consider the design of policy packages for the Third World (aid versus trade, growth-oriented adjustment) in an empirical context. This volume provides a useful overview of the flourishing research area relating to interactions between North and South, and highlights areas where future research is needed.

Download or read book Vibration and Shock Handbook written by Clarence W. de Silva and published by CRC Press. This book was released on 2005-06-27 with total page 1837 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every so often, a reference book appears that stands apart from all others, destined to become the definitive work in its field. The Vibration and Shock Handbook is just such a reference. From its ambitious scope to its impressive list of contributors, this handbook delivers all of the techniques, tools, instrumentation, and data needed to model, analyze, monitor, modify, and control vibration, shock, noise, and acoustics. Providing convenient, thorough, up-to-date, and authoritative coverage, the editor summarizes important and complex concepts and results into “snapshot” windows to make quick access to this critical information even easier. The Handbook’s nine sections encompass: fundamentals and analytical techniques; computer techniques, tools, and signal analysis; shock and vibration methodologies; instrumentation and testing; vibration suppression, damping, and control; monitoring and diagnosis; seismic vibration and related regulatory issues; system design, application, and control implementation; and acoustics and noise suppression. The book also features an extensive glossary and convenient cross-referencing, plus references at the end of each chapter. Brimming with illustrations, equations, examples, and case studies, the Vibration and Shock Handbook is the most extensive, practical, and comprehensive reference in the field. It is a must-have for anyone, beginner or expert, who is serious about investigating and controlling vibration and acoustics.

Download or read book Bank Balance Sheets and External Shocks in Asia The Role of FXI MPMs and CFMs written by Zefeng Chen and published by International Monetary Fund. This book was released on 2021-01-15 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler and Karadi (2011) to incorporate these key features and estimates a panel vector autoregression on ten Asian economies to understand the role of the banking sector in transmitting spillovers from the global financial cycle to small open economies. It also evaluates the effectiveness of foreign exchange intervention (FXI) and other macroeconomic policies in responding to external financing shocks. External financial shocks affect net external liabilities of banks and the exchange rate, leading to changes in credit supply by banks and investment. For example, a capital outflow shock leads to a deprecation that reduces the net worth and intermediation capacity of banks exposed to foreign currency liabilities. In such cases, the exchange rate acts as shock amplifier and sterilized FXI, often deployed by Asian economies, can help cushion the economy. By contrast, with real shocks, the exchange rate serves as a shock absorber, and any FXI that weakens that function can be costly. We also explore the effectiveness of the monetary policy interest rate, macroprudential policies (MPMs) and capital flow management measures (CFMs).

Download or read book Measuring External Shock and Domestic Response in LDCs written by Edmund Valpy Knox Fitzgerald and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Policy and the Great Stagflation written by Alan S. Blinder and published by Elsevier. This book was released on 2013-09-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.

Download or read book Dealing with the Debt Crisis written by Ishrat Husain and published by World Bank Publications. This book was released on 1989 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

Download or read book Agrifood value chains in low income countries written by Bernard, T. and published by Food & Agriculture Org. [Author] [Author]. This book was released on 2024-05-30 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognizing that agrifood value chains (AFVCs) are essential to ensure food security and foster structural change, FAO seeks to reassess the array of policies and interventions needed to protect and strengthen AFVCs in low-income countries and fragile states. [Author] This White Paper aims to contribute to this initiative by shedding light on largely unaccounted-for market structures at midstream segments of AFVCs. [Author] Building on the field of Industrial Organization in economics, we develop a theoretical framework and a related simulation tool that one can inform with existing or specifically collected data. [Author] Simulation outcomes help predict how different types of shocks may affect key food security outcomes, under different levels of concentration in midstream segments of AFVCs. [Author] We illustrate this approach using data from the Ethiopian wheat AFVC in 2013. [Author]

Download or read book The Shock and Vibration Digest written by and published by . This book was released on 1986 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Higher Fuel and Food Prices Economic Impacts and Responses for Mozambique written by Channing Arndt, Rui Benfica, Nelson Maximiano, Antonio M.D. Nucifora, James T. Thurlow and published by Intl Food Policy Res Inst. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Semi active Suspension Control written by Emanuele Guglielmino and published by Springer Science & Business Media. This book was released on 2008-05-27 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Semi-active Suspension Control provides an overview of vehicle ride control employing smart semi-active damping systems. These systems are able to tune the amount of damping in response to measured vehicle-ride and handling indicators. Two physically different dampers (magnetorheological and controlled-friction) are analysed from the perspectives of mechatronics and control. Ride comfort, road holding, road damage and human-body modelling are studied. Mathematical modelling is balanced by a large and detailed section on experimental implementation, where a variety of automotive applications are described offering a well-rounded view. The implementation of control algorithms with regard to real-life engineering constraints is emphasised. The applications described include semi-active suspensions for a saloon car, seat suspensions for vehicles not equipped with a primary suspension, and control of heavy-vehicle dynamic-tyre loads to reduce road damage and improve handling.

Download or read book West African Economic and Monetary Union written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-04-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context. The region continued to experience strong growth in 2014, led by the continued economic expansion in Cote d’Ivoire. The outlook is for further strong growth, subject to a range of downward risks, in particular political instability ahead of upcoming elections in several countries, and security issues in Mali and Niger. With an elevated fiscal deficit exerting pressure on the balance of payments and the regional financial market, delays in fiscal consolidation or structural reforms pose the main medium-term risks. Policy recommendations: • Fiscal consolidation. Safeguarding external stability in the region will require governments to adhere to their budget deficit reduction plans while maintaining public investment efforts, which will require increasing tax revenue and controlling current expenditure. • Monetary policy. Macroeconomic conditions do not warrant a tightening of monetary policy at this juncture. However, if fiscal deficits do not decline as envisaged, the BCEAO should consider increasing its policy rates. In the mean time, the BCEAO should very closely follow the evolution of the macro-prudential risks flowing from its sharp increase in commercial bank refinancing. • Financial stability. The WAEMU authorities should enforce existing prudential rules and raise standards to international best practice. Ongoing reforms go in the right direction but need to be accelerated. • Structural transformation and regional integration. Policies to promote structural transformation should focus on addressing weaknesses, such as the lack of education and training, finance, and supportive regulatory environments. Countries should refrain from using the possibility to deviate from the common external tariff of the Economic Community of West African States (ECOWAS) in force since January 1, 2015, in order to protect the gains from regional integration in WAEMU.