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The effects of news about future productivity on international relative prices: an empirical investigation

Nam, Deokwoo; Wang, Jian - Federal Reserve Bank of Dallas - 2010

In this paper, we find that expected (news) and unexpected (contemporaneous) components of productivity changes have … factor productivity (TFP) into news and contemporaneous productivity changes. The US real exchange rate appreciates following … international transmission of productivity shocks and the modeling of exchange rate volatility. …

Persistent link: https://www.econbiz.de/10008739773

The Impact of the Business Cycle on Elasticities of Tax Revenue in Latin America

Machado, Roberto; Zuloeta, José - Inter-American Development Bank - 2012

This paper estimates short-run and long-run elasticities of tax revenue with respect to GDP in eight Latin American countries using quarterly data. Taxes considered are corporate income tax (CIT), personal income tax (PIT), value-added tax (VAT), and overall taxes. Results indicate that long-run...

Persistent link: https://www.econbiz.de/10010943968

Unemployement Protection for Informal Workers in Latin America and the Caribbean

Finkelstein-Shapiro, Alan; Sarzosa, Miguel - Inter-American Development Bank - 2012

We use a dynamic stochastic general equilibrium search and matching model with salaried employment and informal self-employment to analyze the implications of introducing universal unemployment protection for informal workers through transfers, which are conditional on participation in training...

Persistent link: https://www.econbiz.de/10010943996

Birth Registration and the Impact on Educational Attainment

Brito, Steve; Corbacho, Ana; Rivas, Rene Osorio - Inter-American Development Bank - 2012

The drivers of educational attainment have been the subject of much research both in the developed and the developing world. Yet, nothing is known about the effect of birth registration on schooling outcomes. Birth registration is not only a fundamental human right but also a requirement to...

Persistent link: https://www.econbiz.de/10010944199

Credit Frictions and "Sudden Stop" in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises

Arellano, Cristina; Mendoza, Enrique G. - Inter-American Development Bank - 2002

Financial frictions are a central element of most of the models that the literature on emerging markets crises has proposed for explaining the Sudden Stop phenomenon. To date, few studies have aimed to examine the quantitative implications of these models and to integrate them with an...

Persistent link: https://www.econbiz.de/10010944555

Vertical specialization and international business cycle synchronization

Arkolakis, Costas; Ramanarayanan, Ananth - Federal Reserve Bank of Dallas - 2008

countries. We show analytically that fluctuations in measured productivity in our model are not linked across countries through …

Persistent link: https://www.econbiz.de/10005367956

Regional productivity and efficiency in the U.S.: effects of business cycles and public capital

Boisso, Dale; Grosskopf, Shawna; Hayes, Kathy - Federal Reserve Bank of Dallas - 1996

Persistent link: https://www.econbiz.de/10005346049

The dynamics of recoveries

Balke, Nathan S.; Wynne, Mark A. - Federal Reserve Bank of Dallas - 1994

Persistent link: https://www.econbiz.de/10005346056

The role of total factor productivity in 'Phoenix Miracles' : insights from an emerging market crisis

Zarazaga, Carlos E. J. M. - Federal Reserve Bank of Dallas - 2007

Key macroeconomic variables such as GDP and investment typically display a V-shaped pattern during major emerging market crises. A notable exception to that pattern is intermediated credit, which follows an L-shaped trajectory instead: it declines at first in lockstep with economic activity, but...

Persistent link: https://www.econbiz.de/10005346059

The role of intratemporal adjustment costs in a multi-sector economy

Huffman, Gregory W.; Wynne, Mark A. - Federal Reserve Bank of Dallas - 1995

Persistent link: https://www.econbiz.de/10005346090

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