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Hysteresis and business cycles
Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020
, running a high-pressure economy could have permanent positive effects …
Persistent link: https://www.econbiz.de/10012251398
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Fiscal Dimensions of Trade Policy
International Monetary Fund - 1988
This paper assembles findings on the use of trade taxes, examines the main contributing factors, and reviews the fiscal aspects of trade policy as they relate to both efficiency and macroeconomic stabilization. It demonstrates why trade taxes would generally not be part of an optimal tax...
Persistent link: https://www.econbiz.de/10014396180
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Vietnam's development success story and the unfinished SDG agenda
Baum, Anja - 2020
Despite starting as one of the poorest countries in the mid-1980s, Vietnam has achieved rapid developmental progress …, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress … towards the Sustainable Development Goals (SDGs) during this time. This paper sheds light on some elements of Vietnam …
Persistent link: https://www.econbiz.de/10012177601
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Proximity and horizontal policies : the backbone of export diversification and complexity
Salinas, Gonzalo - 2021
The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal...
Persistent link: https://www.econbiz.de/10012518855
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Trade Reforms of Uncertain Duration and Real Uncertainty : A First Approximation
Calvo, Guillermo - 1994
This paper examines trade reforms of uncertain duration undertaken in economies subject to real foreign and domestic shocks. These reforms induce consumption and import booms regardless of whether they succeed or fail and of the degree of intertemporal elasticity of substitution. If tariff...
Persistent link: https://www.econbiz.de/10014396072
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The economic impact of natural disasters in Pacific island countries : adaptation and preparedness
Lee, Dongyeol; Zhang, Huan; Nguyen, Chau N. - 2018
Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...
Persistent link: https://www.econbiz.de/10011852652
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Can the Natural Resource Curse Be Turned Into a Blessing? : The Role of Trade Policies and Institutions
Arezki, Rabah - 2007
We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for...
Persistent link: https://www.econbiz.de/10014400351
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Trade, Growth, and Poverty : A Selective Survey
Berg, Andrew - 2003
This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...
Persistent link: https://www.econbiz.de/10014404018
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International Financial Integration, Sovereignty, and Constraintson Macroeconomic Policies
Kletzer, Kenneth - 2006
This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...
Persistent link: https://www.econbiz.de/10014401979
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Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies
Medina Guzman, Juan Pablo - 2014
effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium … model for a commodity-exporting economy where macro policies are conducted through rules. We show that the responses of … isolate the economy from terms of trade fluctuations …
Persistent link: https://www.econbiz.de/10014411151