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Latvia's Internal Devaluation: A Success Story?

Weisbrot, Mark; Ray, Rebecca - Center for Economic and Policy Research (CEPR) - 2011

Advocates of an economic strategy of “internal devaluation” have recently pointed to Latvia as an example of successful macroeconomic policy. The Latvian economy is projected to grow by four percent in 2011. They argue that the Latvian government, along with the European authorities...

Persistent link: https://www.econbiz.de/10010541808

Does EMU Require CMU?

Schaaf, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 21-39

Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union's Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...

Persistent link: https://www.econbiz.de/10012054625

Basic Exchange Rate Theories

van Marrewijk, Charles - 2005

This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...

Persistent link: https://www.econbiz.de/10010325398

Indian economy: Selected methodological advances

Joseph, Mathew; Singh, Karan; Dash, Ranjan Kumar; … - 2011

growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and … potential growth rate of economy and that of agriculture to achieve a non-inflationary, high growth trajectory for the country …. The fiscal stimulus effects indicate the importance of fiscal consolidation efforts to sustain high growth. The trade …

Persistent link: https://www.econbiz.de/10011807659

2020 US neutral rate assessment

Bootsma, James; Carter, Thomas J.; Chen, Xin Scott; … - 2020

potential output growth, inequality, demand for safe assets and the level of US government debt. Results from the new models … output growth, higher inequality and heightened demand for safe assets. …

Persistent link: https://www.econbiz.de/10012619163

An Introduction to International Money and Foreign Exchange Markets

Marrewijk, Charles van - School of Economics, University of Adelaide - 2004

This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign exchange markets. This information is then used...

Persistent link: https://www.econbiz.de/10008552966

Basic Exchange Rate Theories

Marrewijk, Charles van - Tinbergen Institute - 2005

Persistent link: https://www.econbiz.de/10005144534

Oil Prices and Venezuela's Economy

Weisbrot, Mark; Ray, Rebecca - Center for Economic and Policy Research (CEPR) - 2008

This paper looks at Venezuela’s export revenue, imports, and trade and current account balances under a range of oil price outcomes for the next two years. It finds that Venezuela would run large current account surpluses for prices between $60-90 per barrel, and would even run a small surplus...

Persistent link: https://www.econbiz.de/10005048519

A Framework for Macroeconomic Stability in Emerging Market Economies

Pineda, Javier Gómez - Banco de la Republica de Colombia

In this paper, sectoral balance sheets and sectoral stock and flow consistency are embedded into a new open economy model based on the financial accelerator. The framework has nominal inertia, real rigidities and market frictions, and it is designed to evaluate exchange rate risk in the economy...

Persistent link: https://www.econbiz.de/10005113916

Does EMU require CMU?

Schaaf, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 21-39

Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union’s Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...

Persistent link: https://www.econbiz.de/10012051175