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Purpose – The purpose of this paper is to shed some light on the role of macroeconomic policy-mix in achieving the … policy-mixes pursued by many developing countries as part of conditions to receive support from international financial … rise in inequality due to associated policy reforms promoting market liberalization and deregulation. Practical …
Persistent link: https://www.econbiz.de/10009365028
This article discusses full employment policies in their general and theoretical terms and assesses their possibility of application in Italy. Firstly Vito examines the arguments provided by neoclassical theory against full employment policies. Secondly Vito examines the causes of unemployment...
Persistent link: https://www.econbiz.de/10010786923
a macroeconomic and macrosectoral view of the policy framework and its possible interaction with the agricultural sector … economywide policies. 1 Since then, there have been nontrivial changes in macroeconomic trends and policy debates, not only …
Persistent link: https://www.econbiz.de/10014024058
economics and reality. More precisely, it asks how reality in the form of empirical evidence does or does not influence economic … from general to specific. For the general perspective, I examine the following four points of view. First, economics is a … science. Second, economics is an art. Third, economics is a competition. Forth, economics is politics. I then examine four …
Persistent link: https://www.econbiz.de/10010574762
From 1980 to 1992, emerging and developing countries grew by 3.4 percent per year. Their annual rate of growth increased to 5.4 percent between 1993 and 2012. No such increase occurred for advanced nations, whose average growth from 1980 to 2012 was roughly constant (excluding the impact of the...
Persistent link: https://www.econbiz.de/10010773977
This study updates and extends to the period 1988/9--1992/3 our earlier analysis of the public finances of India. The foreign exchange crisis of early 1991 forced the government to recognize the severity of the fiscal crisis it was facing and led to the implementation of a restrictive fiscal and...
Persistent link: https://www.econbiz.de/10005114352
relationship between economic instability and growth, as well as the government's fiscal policy towards economic growth. As the … academics and graduate students interested in development and empirical economics. …
Persistent link: https://www.econbiz.de/10011143723
macroeconomic questions such as business cycles, growth, and policy. Particular attention is given to the ability of the model to …
Persistent link: https://www.econbiz.de/10005792066
weathered the 2008–09 financial shocks and argue that this is due to: institutional modernization that facilitated policy …
Persistent link: https://www.econbiz.de/10011208915
We present evidence on the frequency of nominal wage adjustment using SIPP data adjusted for measurement error. The SIPP is a representative sample of the US population. Our main results are: (i) The average quarterly probability of a nominal wage change is between 21.1 and 26.6 percent,...
Persistent link: https://www.econbiz.de/10010729188