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Most small island economies or microstates have distinctly different characteristics from larger developing economies … also suffer from locational disadvantages. Although a few small island economies have succeeded in generating sustained … small island economies or microstates. Most work follows the conventional framework and finds no or very little …
Persistent link: https://www.econbiz.de/10010273514
In this paper we bring out the performance of the Indian economy, and review the approach of macroeconomic policy especially demand management in the Indian economy. After the shock of the Global Financial Crisis (GFC), India’s economy did not dip much due to the well-directed fiscal stimulus...
Persistent link: https://www.econbiz.de/10014090181
This works covers peculiarities of formation of Georgian monetary system in XI-XII centuries and their effect on the international financial and economic relations. In this works we have researched the matters of formation of monetary policy of feudal age and their effect on development of...
Persistent link: https://www.econbiz.de/10011786351
This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. The survey is organized in three...
Persistent link: https://www.econbiz.de/10014070302
This paper addresses the debate in the literature on how developing countries are affected by foreign monetary policy shocks. I analyze how contractionary monetary policy shocks originating in different regions, specifically the Euro Area (“EU”) and United States (“US”), affect a set of...
Persistent link: https://www.econbiz.de/10011107889
Small, open developing economies in general, and small island developing states (SIDS) in particular, have specific … limited data available for many small island states, the model explicitly represents the external macroeconomic balance. An …
Persistent link: https://www.econbiz.de/10011854792
A renewed interest in explaining growth in the Caribbean countries is motivated by the somewhat slow but uneven performance in the past decade: per capita GDP gaps in Caribbean countries have widened in relation to the United States, whereas standard theories would predict convergence. This...
Persistent link: https://www.econbiz.de/10011292983
Progress in achieving institutional changes should be evaluated through the prism of their influence on the development abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any other postsocialist country. To judge the...
Persistent link: https://www.econbiz.de/10010273403
Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...
Persistent link: https://www.econbiz.de/10014208624