Download or read book Optimal Exchange Rate Flexibility in an Economy with Intersectoral Rigidities and Nontraded Goods written by Fernando Restoy and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: En este trabajo se propone un modelo estocastico de dos sectores, que puede ser utilizado para comparar las propiedades estabilizadoras de los distintos regimenes cambiarios. Del analisis se obtienen las siguientes conclusiones: Si la autoridad monetaria tiene mas informacion que los agentes privados, un regimen de tipo de cambio flexible estabiliza el producto, tanto en el sector de bienes comerciados como en el de no comerciados. Por el contrario, si la autoridad monetaria no posee informacion superior, el regimen optimo depende de magnitudes relativas de las perturbaciones nacionales y extranjeras, y de la importancia de los shocks sectoriales. Un regimen de tipo de cambio fijo minimiza la desviacion del output de equilibrio sobre el de informacion completa en el sector de comerciados, pero desestabiliza el sector protegido. En general, se encuentra que el regimen optimo se corresponde con una regla cambiaria intermedia entre el tipo de cambio fijo puro y el tipo de cambio completamente flexible. (frl) (ars) (mac).

Download or read book Development Macroeconomics written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2015-06-23 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises

Download or read book Computing Value Correspondences for Repeated Games with State Variables written by James Conklin and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: La naturaleza de la interaccion repetida ha sido estudiada extensamente en la literatura de juegos repetidos. Abreu (1988), Abreu, Pearce y Stacchetti (1986, 1990) y Cronshaw y Luenberger (1994) desarrollan un enfoque recursivo para caracterizar juegos repetidos centrandose en los valores presentes de estrategias perfectas de subjuegos para cada jugador. Judd y Conklin (1995), Cronshaw y Rutheford (1994) y Cronshaw (1996) han implementado computacionalmente estas tecnicas. Sin embargo, algunos de los ejemplos mas interesantes de interaccion estrategica ocurren en entornos con variables de estado, en los cuales las tecnicas recursivas citadas anteriormente no pueden ser utilizadas. En dichos entornos, el conjunto de valores de equilibrio perfecto de subjuegos se vuelve funcion de la variable de estado. Este trabajo presenta un metodo general para evaluar correspondencias de equilibrio bajo vigilancia perfecta y descuento. (jc) (mac).

Download or read book An Empirical Examination of a Multilateral Target Zone Model written by Paul Schulstad and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do Exchange Rates Move to Address International Macroeconomic Imbalances written by Matthew B. Canzoneri and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Devaluations and Depreciation Expectations in the E M S written by Juan Ayuso Huertas and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Economic Prospects 2007 written by World Bank and published by World Bank Publications. This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."

Download or read book The Long run Effect of Permanent Disinflations written by Javier Andrés and published by . This book was released on 1998 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Se estudian los efectos de las políticas monetarias que aspiran a reducir la inflacion en nueve paises de la OCDE, relacionandolas con el desempleo.

Download or read book Handbook of International Economics written by R.W. Jones and published by North Holland. This book was released on 1984 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook, research papers on international economic theory, economic policy and practice - includes a literature survey of theoretical studies in trade relations; covers evolution of economic models explaining the determinants of trade structure, capital flow, labour mobility, trade in natural resources, etc.; examines macroeconomics aspects of balance of payments, exchange rate, international monetary system, economic relations and dependence, etc. Bibliography, graphs, statistical tables.

Download or read book Bibliographie Mensuelle Partie I Livres Documents Officiels Publications en S rie written by United Nations Library (Geneva, Switzerland) and published by . This book was released on 1995 with total page 1366 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Does Public Spending Crowd Out Private Investment written by Isabel Argimón and published by . This book was released on 1995 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Este trabajo analiza empiricamente la relacion entre gasto publico e inversion privada con un panel de 14 paises de la OCDE. Se presenta evidencia que sugiere que la inversion publica tiene un efecto de crowding-in importante sobre la inversion privada, a traves del impacto positivo de las infraestructuras sobre la productividad. Por otra parte, el consumo publico expulsa a la inversion privada. Las implicaciones de estos resultados para la politica de consolidacion fiscal son relevantes. En concreto, las reducciones de los deficit publicos generadas por disminuciones en la inversion publica podrian dificultar la acumulacion de capital y afectar negativamente a las posibilidades de crecimiento. (iam) (jgp) (jra) (mac).

Download or read book Principles of International Finance and Open Economy Macroeconomics written by Cristina Terra and published by Academic Press. This book was released on 2015-06-09 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies presents a macroeconomic framework for understanding and analyzing the global economy from the perspectives of emerging economies and developing countries. Unlike most macroeconomic textbooks, which typically emphasize issues about developed countries while downplaying issues related to developing countries, this book emphasizes problems in emerging economies, including those in Latin American countries. It also explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis. - Concentrates on developing country perspectives on International Finance and the Economy, including those in Latin American countries - Provides case studies and publicly available data allowing readers to explore theories and their applications - Explains recent developments in international finance that are essential to a thorough understanding of the effects and implications of the recent financial crisis - Proposes a unified mathematical model accessible to those with basic mathematical skills

Download or read book Volatility in Spanish Financial Markets written by Juan Ayuso and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Missing Observations and Additive Outliers in Time Series Models written by Agustín Maravall and published by . This book was released on 1996 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What Does Consumption Tell Us about Inflation Expectations and Real Interest Rates written by Juan Ayuso and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What Affects the Employment Rate Intensity of Growth written by Ana Revenga and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: En este trabajo se analiza la relacion entre el crecimiento economico y la tasa de empleo (es decir, la proporcion empleada de la poblacion en edad de trabajar). Se halla, en una muestra de once paises de la OCDE durante los ultimos 30 años, que dicha relacion difiere de forma significativa entre paises. Las elasticidades mas altas de la tasa de empleo con respecto al crecimiento se encuentran en Estados Unidos, Canada y el Reino Unido, y las mas bajas, en Japon y Austria. Tambien se obtiene que esta elasticidad viene afectada por factores estructurales e institucionales, como la participacion de la agricultura en el producto total, el nivel de los costes de despido, los grados de coordinacion intersindical e interempresarial, y el porcentaje de asalariados en empresas grandes. Contiene graficos, cuadros estadisticos y bibliografia. (ars) (sbc) (igg).

Download or read book Spanish Unemployment and Inflation Persistence written by Juan José Dolado and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995.