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Sustaining Imperfectly Credible Trade Liberalization: Do the Rate of Tariff Reduction and the Degree of Labor Mobility Matter?
Tatum, Robert C. - EconWPA - 2005
Imperfectly credible trade liberalization can lead to balance of payment deterioration and a subsequent reversal of the reform. Therefore, this paper examines whether the likelihood of policy reversal depends on the rate of tariff reduction or the degree of labor mobility. The analysis shows...
Persistent link: https://www.econbiz.de/10005125497
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Gains and losses: the same or different choices? A “non-ideal” economics approach.
Harin, Alexander - EconWPA - 2005
infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields …
Persistent link: https://www.econbiz.de/10005124942
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Arrangement Infringement Possibility Approach: Some Economic Features of Large-Scale Events
Harin, Alexander - EconWPA - 2004
investment problems have been formulated. …
Persistent link: https://www.econbiz.de/10005124993
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Scientific Revolution. A Farewell to EconWPA.
Harin, Alexander - EconWPA - 2005
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070
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Brand Trial After a Credibility Change
Montgomery, David; Armstrong, JS - EconWPA - 2005
consumers somewhat bewildered or cynical. What would happen if the credibility of the appeals made on behalf of one brand should … respond to such a change in credibility? …
Persistent link: https://www.econbiz.de/10005556569
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Exchange Rate Regime Credibility, the Agency Cost of Capital and Devaluation
Craine, Roger - EconWPA - 1999
' (investors'?) motives are unobservable. This paper analyzes the crucial role of imperfect credibility in a currency crisis with a … innovations: (1) It specifies the cost of imperfect credibility, and (2) It quantifies the cost of imperfect credibility …. Imperfect credibility generates small (but costly) average interest rate differentials. Imperfect credibility cannot generate …
Persistent link: https://www.econbiz.de/10005556590
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Reflections on the Current Fashion For Central Bank Independence
Bibow, Jörg - EconWPA - 2001
This paper challenges the time-inconsistency case for central bank independence. It argues that the time-inconsistency literature not only seriously confuses the substance of the rules versus discretion debate, but also posits an implausible view of monetary policy. Most worrisome, the...
Persistent link: https://www.econbiz.de/10005561151
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Liquidity Preference Theory Revisited—To Ditch or to Build on It?
Bibow, Joerg - EconWPA - 2005
This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory’s ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical “special case” interpretation, Keynes considered his liquidity preference theory of …
Persistent link: https://www.econbiz.de/10005126066
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Stabilisations, Crises and the "Exit" Problem - A Theoretical Model
Bleaney, Michael; Gundermann, Marco - EconWPA - 2002
Exchange-rate-based stabilisations, even if successful, usually lack credibility initially. This is reflected in high …
Persistent link: https://www.econbiz.de/10005126376
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The credibility of monetary policy: a survey of the literature with some simple applications to Caanda
Amano, Robert; Fenton, Paul; Tessier, David; Norden, … - EconWPA - 1996
We don't have an abstract yet, sorry. But I think the title is pretty descriptive.
Persistent link: https://www.econbiz.de/10005407873