Download or read book International Macroeconomic Adjustment 1987 1992 written by Robert E. King and published by World Bank Publications. This book was released on 1988 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three global econometric models produced the same conclusion: that the global economy is most likely to improve through fiscal expansion in Japan combined with fiscal contraction and monetary easing in the United States. The same models forecast a slowdown in 1988 and low growth in 1989/90 followed by US recovery in 1991-1992.

Download or read book International Macroeconomic Adjustment 1987 92 written by Robert E. King and published by . This book was released on 1989-01-01 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Download or read book The IMF and the Silent Revolution written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 2000-09-11 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.

Download or read book The IMF Approach to Economic Stabilization written by Mr.Michael Mussa and published by International Monetary Fund. This book was released on 1999-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.

Download or read book Enterprise Reform and Privatization in Socialist Economies written by Barbara W. Lee and published by World Bank Publications. This book was released on 1990-01-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises were the dominant players in socialist economies during the past four decades. Yet most such governments had become dissatisfied with these enterprises over time. Among the main problems were: -- Inefficiencies of production methods -- Stagnating production rates -- Poor quality of the items produced -- High pollution rates -- Lack of technological innovation This report review the attempts of seven socialist countries to reform their state-owned enterprises -- Algeria, China, Hungary, Laos, Mozambique, Poland, and Yugoslavia. The report assesses the experience of these countries to date and forecasts future prospects for reform. Through their analysis, the augthors provide guidance for other socialist countries seeking to open their economies.

Download or read book Implementing Direct Comsumption Taxes in Developing Countries written by and published by World Bank Publications. This book was released on with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Vocational Secondary Schooling in Izrael written by Adrian Ziderman and published by World Bank Publications. This book was released on 1989 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book PRE Working Papers written by and published by World Bank Publications. This book was released on 1990 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pricing Commodity Bonds Using Binomial Option Pricing written by and published by World Bank Publications. This book was released on with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Adjustment to Capital Inflows written by Vittorio Corbo and published by World Bank Publications. This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1992 World Economic and Financial Surveys written by International Monetary Fund and published by International Monetary Fund. This book was released on 1992-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews major issues and developments in the trade area and outlines the challenges governments face as they seek to liberalize trade in the Uruguay Round of trade negotiations and address new trade issues. In industrial countries, the reorientation of policies was most apparent in steps taken to liberalize financial markets and foreign direct investment, privatize public enterprises, and deregulate services, particularly in the transportation and communication sectors. Among developing countries, a growing number recognized the merits of outward, market-oriented policies and took steps to liberalize their trade regimes and open their economies to international competition. By and large, the increased focus on market principles in industrial countries did not carry over to trade and industrial policies or, most notable, to the agricultural sector. Despite strong growth performance in 1983–1989, little progress was made in rolling back the protective barriers that had risen during the preceding recessionary period; protection persists in agriculture and declining sectors and has spread to newer high-tech areas.

Download or read book Financial Liberalization and the Reconstruction of State Market Relations written by Robert B. Packer and published by Routledge. This book was released on 2019-03-11 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, the author hopes to add to the literature concerning the distributional consequences of financial integration by focusing on the rise of non-state actors within a transformed international system. In it, he argues that structural change brought on by transnational production and post-industrialization has created space for non-state actors to acquire autonomy from sovereign entities. While finance is by no means the only specialized sector to achieve autonomy, it has perhaps the most immediate impact on the ability of governments to pursue policy. First published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

Download or read book The Economics and Politics of Structural Adjustment in Egypt written by and published by . This book was released on 1993 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Macroeconomics written by Stephanie Schmitt-Grohé and published by Princeton University Press. This book was released on 2022-09-06 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master’s instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter

Download or read book Modelling Macroeconomic Adjustment with Growth in Developing Economies written by Sushanta K. Mallick and published by Routledge. This book was released on 2018-08-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this influential volume explores Macroeconomic Adjustment with a particular focus on India. Its inspiration originated from the introduction of stabilisation and structural adjustment policies in India in 1991. Mallick examines the application of this policy package by the International Monetary Fund and the World Bank to Developing Economies. First looking at the initial conditions and generators of imbalances, the appropriate policy framework for India’s initial conditions and structural characteristics is considered. While the effectiveness of the IMF had been strongly criticised, Mallick explains how it could be used more effectively. He argues that the programs applied are often contradictory and, using India as an example, examines the effects of policy reform on its trade sector, the repercussions on the direct economy and the costs associated with such policies in restoring stability and future economic growth, with particular support for the Vector Autoregression (VAR) framework. Mallick forwards a new structural model for policy purposes, evaluated for overall performance and optimal control.

Download or read book Institutional Reforms in Sector Adjustment Operations written by Samuel Paul and published by . This book was released on 1990 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to provide an overview of the institutional reforms in the World Bank's sector adjustment operations (SECALs) and to assess the Bank's experience in implementing them. The review covers institutional reforms in 55 of the 65 SECALs approved by the Bank during fiscal 1983 - 1987. They include SECALs in agriculture, trade, and industry, but exclude those pertaining to education and public enterprises. Institutional reforms stand a greater chance of succeeding when there is adequate institutional diagnosis and design, including assessment of the interest groups affected and the ability of top leaders to mobilize support for reform. A good case can be made for bringing the key players together in a process approach to diagnosis, so that diagnosis becomes an early stage of consensus building among those who will be affected by the reforms.