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The Nature of the ADAS Model Based on the ISLM Model

Rao, B Bhaskara - EconWPA - 2005

The aggregate demand and supply model (ADAS) is interpreted as a synthesis of the Keynesian and neoclassical models. It uses the ISLM model, without explaining its nature, to derive aggregate demand (AD). It is combined with an aggregate supply (AS) curve to explain price- inflation and output...

Persistent link: https://www.econbiz.de/10005124997

Making The Pact More Flexible: Can It Lead to Less Flexible Fiscal Policies?

Mackiewicz, Michal - EconWPA - 2005

One of the most often discussed features of the Stability and Growth Pact is the rigidity of its 3% deficit rule. In the recent time several reform proposals aim at alleviating the rule in order to allow more room for the automatic stabilizers to operate. As the 3% limit became in the recent...

Persistent link: https://www.econbiz.de/10005126267

Inflation, Output Growth, and Stabilization in Turkey, 1980-2002

Dibooglu, Sel; Kibritcioglu, Aykut - EconWPA - 2003

Using a dynamic aggregate supply and aggregate demand model with imperfect capital mobility and structural VARs, we decompose inflation and output movements into those attributable to terms of trade, supply, balance-of-payments, fiscal, and monetary shocks. Empirical results show that terms of...

Persistent link: https://www.econbiz.de/10005126299

Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland

Bibow, Joerg - EconWPA - 2003

This paper challenges the view that external shocks caused Euroland's 2001 slowdown and subsequent stagnation. Instead, the design of Euroland's macro policymaking arrangements is found lacking in looking after sufficient domestic demand growth. In the event the ECB has failed on its...

Persistent link: https://www.econbiz.de/10005408121

Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations

Albuquerque, Pedro H. - EconWPA - 2005

. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …

Persistent link: https://www.econbiz.de/10005555988

Privatization and Regulatory Reform in Brazil: The Case of Freight Railways

Estache, Antonio; Goldstein, Andrea; Pittman, Russell - EconWPA - 2001

sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider … infrastructure reform, has recently taken large steps in restructuring its railroad system. This paper analyzes Brazil's ongoing … railroad reforms, seeking to place them in the context both of the broader reform project going on in Brazil and of railroad …

Persistent link: https://www.econbiz.de/10005556074

Half a World: Regional inequality in five great federations

Milanovic, Branko - EconWPA - 2004

States of America, Indonesia and Brazil in the period 1980-2000. They are all federations composed of entities (states or …

Persistent link: https://www.econbiz.de/10005556224

How Do Criminals Locate? Crime and Spatial Dependence in Minas Gerais

Puech, Frédéric - EconWPA - 2005

The aim of this paper is to investigate the existence of a spatial dependence of crime rates at a local level in the case of municipalities of Minas Gerais, one of the 26 Brazilian states. Results suggest the existence of a positive spatial autocorrelation of municipal violent crime rates....

Persistent link: https://www.econbiz.de/10005556225

Brazil’s Trade Liberalization and Growth: Has it Failed?

Moreira, Mauricio Mesquita - EconWPA - 2004

Unfulfilled expectations about economic growth in Brazil has led many observers to question the ability of the new … institutional environment. It also claims that Brazil could have enjoyed more gains from trade, had it pursued a more aggressive …

Persistent link: https://www.econbiz.de/10005556468

Trajetorias individuais num ambiente de planejamento: as quotas deprodução de açúcar no Brasil de 1951 a 1980

Filho, Heitor Moura - EconWPA - 2005

During the six decades which encompass state planning of the sugar and alcohol industry in Brazil, production quotas …

Persistent link: https://www.econbiz.de/10005556867