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The Empirical Importance of Precautionary Saving
Gourinchas, Pierre-Olivier; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2001
changes in risk to fluctuations in aggregate consumption and (d) the significant impact of incomplete markets on aggregate …One of the basic motives for saving is the accumulation of wealth to insure future welfare. Both introspection and … extant research on consumption insurance find that people face substantial risks that they do not fairly pool. In theory, the …
Persistent link: https://www.econbiz.de/10005504693
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Long Run Effects of Money on Real Consumption and Investment in the U.S.
Shelley, Gary L.; Wallace, Frederick H. - EconWPA - 2004
consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …
Persistent link: https://www.econbiz.de/10005412854
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Barbados: Meeting the Challenge of Competitiveness in the 21st Century
Rojas-Suárez, Liliana; Poon, Auliana; Thomas, Desmond; … - Inter-American Development Bank
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474
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Barbados: Meeting the Challenge of Competitiveness in the 21st Century
Thomas, Desmond; Rojas-Suárez, Liliana; Poon, Auliana; … - Inter-American Development Bank
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
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Money and the transmission mechanism in the optimizing IS-LM specification
Nelson, Edward - Federal Reserve Bank of St. Louis - 2003
recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …
Persistent link: https://www.econbiz.de/10005707651
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Financial Liberalization, Crisis, and Rescue: Lessons for China from Latin America and East Asia?
Stallings, Barbara - Inter-American Development Bank - 2004
This paper examines the liberalization process in the context of reflecting on the challenges facing China's financial system and possible lessons that can be learned from the experiences of other emerging market economies. Section 1 begins with a brief look at the characteristics of the Chinese...
Persistent link: https://www.econbiz.de/10009318521
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The World of Forking Paths: Latin America and the Caribbean Facing Global Economic Risks Title: El mundo de los senderos que se bifurcan: América Latina y el Caribe ante los riesgo...
Rebucci, Alessandro; Powell, Andrew; Caballero, Julián; … - Inter-American Development Bank - 2012
This report details the divergent paths that the world economy may take and their potential effects on Latin America and the Caribbean. Scenarios are constructed employing a modeling exercise that captures the trade, financial and other linkages between the region and the rest of the world....
Persistent link: https://www.econbiz.de/10010673791
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Imperfect Competition and Macroeconomics: A Survey
Dixon, Huw David; Rankin, Neil - C.E.P.R. Discussion Papers - 1992
. Although money is of itself neutral in these models, the presence of menu costs, expectations which are not unit elastic, or …
Persistent link: https://www.econbiz.de/10005661642
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International evidence on the stability of the optimizing IS equation
Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001982872
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What can we see from Investment Simulation based on Generalized (m,2)-Zipf law?
Situngkir, Hokky; Surya, Yohanes - EconWPA - 2005
The paper revisits the investment simulation based on strategies exhibited by Generalized (m,2)-Zipf law to present an … particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …
Persistent link: https://www.econbiz.de/10005561693