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. Using this model, I demonstrate how a positive investment-saving correlation can arise in a world with endogenous fiscal … capital mobility. This implies that the observed investment- saving comovement is not necessarily due to imperfect capital … mobility. The model has a testable implication: it predicts a lack of Granger causality from private saving to private …
Persistent link: https://www.econbiz.de/10005119430
flowing. Section 4 delves into the institutional design and operational management of the petroleum revenue investment reserve …
Persistent link: https://www.econbiz.de/10012647203
consumers perceive the contrary. The data indicate that consumers based their perceptions about inflation on goods that are … explains why these goods were subject to higher price growth after the changeover. The data indicate that some retailers, aware …
Persistent link: https://www.econbiz.de/10005119445
This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical …, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign … with an overview of the main international money organizations and the institutional framework of the past 150 years. …
Persistent link: https://www.econbiz.de/10005556631
study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … the public sector. A higher weight of public consumption in the utility function raises the rate of growth due to a fall … in the consumption-wealth ratio. Then we show that consumptionwealth ratio and welfare are higher in an open economy than …
Persistent link: https://www.econbiz.de/10005408150
. Then we study the impact of changes in exogenous variables on consumption, growth, and welfare. Next, we show that … consumption-wealth ratio and welfare should be higher in an open economy than in a closed economy. We discuss whether open …
Persistent link: https://www.econbiz.de/10005556589
The Botswana Mining Investment and Governance Review (MInGov) collects and shares information on mining sector … across the minerals value chain is better in the latter stages related to investment, accumulation, and expenditure of … Management and Intragovernmental Coordination. MInGov's methodology focuses on the status of governance and investment conditions …
Persistent link: https://www.econbiz.de/10012248440
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
Emerging markets are often exposed to sudden stops of capital inflows. What are the effects of monetary policy in such an environment? To answer this question, the paper proposes a model with the typical elements of an emerging market economy. Credit frictions generate balance sheet effects,...
Persistent link: https://www.econbiz.de/10005062691
exchange rate, when assessing financial vulnerability. If we asses vulnerability in terms of the evolution of investment, we …
Persistent link: https://www.econbiz.de/10005408161