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Canaries and Vultures: A Quantitative History of Monetary Mismanagement in Brazil
Albuquerque, Pedro H.; Gouvea, Solange - EconWPA - 2005
During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...
Persistent link: https://www.econbiz.de/10005124863
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THE UNDERGROUND ECONOMY AND THE CURRENCY ENIGMA
Feige, Edgar L. - EconWPA - 2005
The size, growth and causes of the US “underground economy” are examined in light of new estimates of foreign holdings of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80% of the US currency supply is “missing” and...
Persistent link: https://www.econbiz.de/10005076736
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MONETARY POLICY AND NOT MONETARY CONTROL: A RETHINKING
salvary, stanley c. w. - EconWPA - 2005
The view that prediction is the only important concern when policy is to be developed has led to the strict adherence to a money supply rule via the Quantity Theory of Money with its debilitating consequences. The monetarists place the emphasis on the level of the money supply in the...
Persistent link: https://www.econbiz.de/10005126389
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OVERSEAS HOLDINGS OF U.S.CURRENCY AND THE UNDERGROUND ECONOMY
Feige, Edgar L. - EconWPA - 2005
Many public policy decisions require analytical and empirical knowledge concerning the size, growth, causes and consequences of the ‘underground economy”. This paper seeks to clarify the meaning of underground activity, updates various discrepancy and fiscal estimates of its size and growth,...
Persistent link: https://www.econbiz.de/10005561083
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Capital Flows and Domestic Financial Sector in India
Kohli, Renu - EconWPA - 2004
This paper examines the impact of capital flows on the domestic financial sector in India. Inflow of foreign capital, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The banking sector, however, remains relatively insulated due to...
Persistent link: https://www.econbiz.de/10005119480
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Movements Into and Out of Child Poverty in New Zealand: Results from the Linked Income Supplement
Ballantyne, Suzie; Chapple, Simon; Maré, David C.; … - EconWPA - 2004
This paper considers the dynamics of child income poverty in New Zealand. Annual movements into and out of poverty by children’s households in New Zealand over the 1997/98, 1998/99, and 1999/2000 periods are analysed. The annual Income Supplement to the Household Labour Force Survey allows...
Persistent link: https://www.econbiz.de/10005134624
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Agro-Ecological Zones and their Impact on Farm Production and Farm Organization after Privatization in Azerbaijan.
Alibejov, Nemet; Krische, Stephan; Wesseler, Justus - EconWPA - 2001
The privatization of agriculture in Azerbaijan started in the mid 1990s, while the pace of privatization in the country differs. Some Rayons have privatized almost all of the former state-owned agricultural land while others hold a wait and see strategy. The agricultural administration observes...
Persistent link: https://www.econbiz.de/10005407696
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Modelos de regresión espacio temporales en la estimación de la renta municipal. Estimación de la renta en los municipios de la Región de Murcia.
Chasco-Yrigoyen, Coro; López-Hernández, Fernando - EconWPA - 2004
Recently municipal household income has been estimated with spatial econometrics techniques explicitly including spatial autocorrelation in the econometric models. Spatial econometric tools have highly improved the explicative and predictive capacity of the models and more effort must be done in...
Persistent link: https://www.econbiz.de/10005556266
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Another look at the inflation-productivity trade-off
Bitros, Georgios; Panas, Epaminondas - EconWPA - 2005
Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation … period 1964-1980. The results confirm that the acceleration of inflation from 1964-1972 to 1973-1980 reduced total factor … effect of inflation is separated from the effects of technical change and economies of scale, the choice of functional form …
Persistent link: https://www.econbiz.de/10005412823
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Inflation, Growth, and Credit Services
Gillman, Max; Kejak, Michal; Valentinyi, Akos - EconWPA - 2001
The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …
Persistent link: https://www.econbiz.de/10005556071