Similar Search Results

Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt

McKenzie, David - C.E.P.R. Discussion Papers - 2014

their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. We …Firms in many developing countries cite macroeconomic instability and political uncertainty as major constraints to … macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in …

Persistent link: https://www.econbiz.de/10011084029

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Cukierman, Alex; Izhakian, Yehuda - C.E.P.R. Discussion Papers - 2011

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood … include: (i) An unanticipated increase in bailout uncertainty raises interest rates, the volume of defaults in both the real …

Persistent link: https://www.econbiz.de/10009144737

The Behaviour of Real Exchange Rates During the Post-Bretton Woods Period

Sarno, Lucio; Taylor, Mark P - C.E.P.R. Discussion Papers - 1997

Tests for long-run purchasing power parity (PPP) may lack power with sample periods corresponding to the span of the recent float, leading researchers to use more powerful multivariate unit root tests. We point out a potential problem with such tests: joint non-stationarity of real exchange...

Persistent link: https://www.econbiz.de/10005791733

Spurious Correlation in Exchange Rate Target Zone Modelling: Testing the Drift Adjustment Method on the US Dollar, Random Walk and Chaos

Darvas, Zsolt - C.E.P.R. Discussion Papers - 1998

qualitatively to the same result as application to EMS currencies. Simulation evidence suggests that the closer the dominant …

Persistent link: https://www.econbiz.de/10005791773

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

We construct and numerically solve a dynamic Heckscher-Ohlin model in which the initial distribution of production factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification cones. We study the dynamics of income per capita and...

Persistent link: https://www.econbiz.de/10005504435

An Econometric Investigation of North-South Interdependence

Beenstock, Michael - C.E.P.R. Discussion Papers - 1988

In Centre for Economic Policy Research Discussion Paper Nos. 164 and 165 I presented econometric models of the industrialized countries (North) and the oil-importing developing countries (South). This paper links the two models so that the economic interdependence between North and South can be...

Persistent link: https://www.econbiz.de/10005504466

`1992': Trade and Welfare; A General Equilibrium Model

Gasiorek, Michael; Smith, Alasdair; Venables, Anthony J - C.E.P.R. Discussion Papers - 1992

This paper investigates the consequences of the completion of the internal market in the EC using a computable general equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade barriers and the changes in production and trade...

Persistent link: https://www.econbiz.de/10005504484

The Next Birth and the Labour Market: A Dynamic Model of Births in England and Wales

De Cooman, Eric; Ermisch, John F; Joshi, Heather - C.E.P.R. Discussion Papers - 1985

The object of this paper is to see how far developments in the labour market can help to explain the fluctuations in births which have been experienced over the period 1952-1980 in England and Wales. We examine separately the period rate of childless women proceeding to the first birth, mothers...

Persistent link: https://www.econbiz.de/10005656378

Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis

de Melo, Jaime; Ettinger, Charles; Faini, Riccardo - C.E.P.R. Discussion Papers - 1997

We use a Ricardo-Viner model to study the determinants of the supply of outmigration in developing countries in a model with heterogenous households. We assume that heterogeneity and migration costs prevent households from total migration. Data are calibrated to two archetypal developing...

Persistent link: https://www.econbiz.de/10005666737

The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis

von Hagen, Jürgen; Zhou, Jizhong - C.E.P.R. Discussion Papers - 2004

-effects multinomial panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals …

Persistent link: https://www.econbiz.de/10005789054