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This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of alternative monetary policy rules. It identifies three factors that can affect the welfare...
Persistent link: https://www.econbiz.de/10011278052
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of alternative monetary policy rules. It identifies three factors that can affect the welfare...
Persistent link: https://www.econbiz.de/10011278151
paper emphasizes the need to boost domestic public and private investment in terms of both quantity and quality in order to … narrow the current savings–investment gap, bearing in mind the need to ensure fiscal sustainability. Finally, the paper …
Persistent link: https://www.econbiz.de/10009653180
paper emphasizes the need to boost domestic public and private investment in terms of both quantity and quality in order to … narrow the current savings–investment gap, bearing in mind the need to ensure fiscal sustainability. Finally, the paper …
Persistent link: https://www.econbiz.de/10009653200
paper emphasizes the need to boost domestic public and private investment in terms of both quantity and quality in order to … narrow the current savings–investment gap, bearing in mind the need to ensure fiscal sustainability. Finally, the paper …
Persistent link: https://www.econbiz.de/10009653219
This note clarifies definitions and derives from first principles the relationship between investment, domestic and … foreign savings in order to show that there is underestimation of investment and foreign savings given conceptual …
Persistent link: https://www.econbiz.de/10009363928
and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts … rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms and financial …
Persistent link: https://www.econbiz.de/10009363931
Dependent population is defined as that part of the population that does not work and relies on others for the goods and services they consume. In practice, specific population age groups have in their entirety been categorized as dependent population, even while the definition may not...
Persistent link: https://www.econbiz.de/10009365214
The Centre for Policy Dialogue(CPD) has been carrying out the Executive Opinion Survey in collaboration with World Economic Forum (WEF) since 2001.This is the tenth survey. Along with WEF’s Executive Opinion Survey (based on questionnaires developed by the WEF) ,CPD also conducted seventh...
Persistent link: https://www.econbiz.de/10009647701
The Centre for Policy Dialogue(CPD) has been carrying out the Executive Opinion Survey in collaboration with World Economic Forum (WEF) since 2001.This is the tenth survey. Along with WEF’s Executive Opinion Survey (based on questionnaires developed by the WEF) ,CPD also conducted seventh...
Persistent link: https://www.econbiz.de/10009647722