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Economic Reforms and Labor Markets : Policy Issues and Lessons from Chile

Edwards, Sebastian - 2000

This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll taxes. Our interest is to understand to what extent...

Persistent link: https://www.econbiz.de/10012471121

The Political Economy of Unilateral Trade Liberalization : The Case of Chile

Edwards, Sebastian - 1998

Chile has become a model for reforming economies throughout the world. The purpose of this paper is to analyze the political and economic circumstances surrounding Chile's unilateral trade liberalization during five stages (covering the period 1974-1990s),each being characterized by different...

Persistent link: https://www.econbiz.de/10012472294

Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries

Edwards, Sebastian - 1990

One of the nest serious consequences of the debt crisis of 1982 has been the reduction in the accessibility to the world capital market for most developing countries. This situation has proved to be particularly serious for Latin American nations. At this juncture, a key question is how to...

Persistent link: https://www.econbiz.de/10012475530

The United States and Foreign Competition in Latin America

Edwards, Sebastian - 1987

This paper analyzes the evolution of the U.S. trade relations with Latin America, investigating the possible path that these relations will take in the future. The data analyzed show that during the last 15 years or so there has been no significant loss in the U.S. aggregate competitive position...

Persistent link: https://www.econbiz.de/10012476851

12th Interamerican Seminar on Economics : special issue

Edwards, Sebastian (contributor) - 2001

Persistent link: https://www.econbiz.de/10001636970

Controls on Capital Inflows : Do they Work?

De Gregorio, Jose - 2000

This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it...

Persistent link: https://www.econbiz.de/10012471122

The Fallacy of the Fiscal Theory of the Price Level

Buiter, Willem H. - 1999

or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and … proponents of the fiscal theory of the price level do not accept the fundamental proposition that the government's intertemporal …. Policy conclusions could be drawn from the fiscal theory of the price level that would be harmful if they influenced the …

Persistent link: https://www.econbiz.de/10012471482

Liquidity Traps : How to Avoid Them and How to Escape Them

Buiter, Willem H. - 1999

The paper considers ways of avoiding a liquidity trap and ways of getting out of one. Unless lower short nominal interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be associated with lower expected nominal interest rates,...

Persistent link: https://www.econbiz.de/10012471545

Exchange Rates in Emerging Economies : What Do We Know? What Do We Need to Know?

Edwards, Sebastian - 1999

Exchange rates have been at the center of economic debates in emerging economies. Issues related to the feasibility of flexible exchange rates, the relationship between exchange rate volatility and growth, and the role of exchange rate overvaluation in recent crises, among other, have been...

Persistent link: https://www.econbiz.de/10012471561

The Liberalization of the Current Capital Accounts and the Real ExchangeRate

Edwards, Sebastian - 1987

In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how different policies geared at liberalizing the current and capital accounts of the balance of payments affect the equilibrium real exchange rate (RER). In particular, the...

Persistent link: https://www.econbiz.de/10012476907

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