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The Role of Government Aid to Firms during the Transition to a Market Economy: Russia 1992-94

Melitz, Jacques; Waysand, Claire - C.E.P.R. Discussion Papers - 1994

The paper develops two economic grounds for gradualism in the context of the Russian move towards a market economy: one for the support of output through subsidies, another for similar support through credit. The first argument relates to the usual case for softening the blow to a sector hit by...

Persistent link: https://www.econbiz.de/10005792239

Consumption and Credit Constraints: International evidence

Bacchetta, Philippe; Gerlach, Stefan - C.E.P.R. Discussion Papers - 1997

If some consumers are liquidity-constrained, aggregate consumption should be ‘excessively sensitive’ to credit … United Kingdom and the United States, we find a substantial impact of credit aggregates on consumption in all countries … considered. Moreover, the borrowing/lending wedge is a significant determinant of consumption in Canada, Japan and the United …

Persistent link: https://www.econbiz.de/10005666583

A Perspective on Valuing Changes in Health Risk

Fisher, Ann - Department of Agricultural and Resource Economics, … - 1990

Persistent link: https://www.econbiz.de/10010638886

Demographic Change and Medical Care

Winter, Jay M - C.E.P.R. Discussion Papers - 1985

This paper examines the implications for health policy of recent demographic trends. It examines the remarkable succession of a 'baby boom' generation followed by a 'baby bust' generation in most Western countries. After reviewing the explanatory literature, and rejecting the likelihood of any...

Persistent link: https://www.econbiz.de/10005791919