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manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …
Persistent link: https://www.econbiz.de/10005368143
In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … first to examine the evidence from Brazil and Mexico, making use of the fact that markets for longterm government debt have …, consumer prices, or real activity variables. Finally, long-run inflation expectations in Brazil appear to have been less well …
Persistent link: https://www.econbiz.de/10010784200
Cross-country regressions explaining output growth often obtain a negative effect from inflation. However, that result is not robust, due to the selection of countries in sample, temporal aggregation, and omission of consequential variables in levels. This paper demonstrates some implications of...
Persistent link: https://www.econbiz.de/10005368216
This paper demonstrates that considering alternative means of human capital accumulation, such as learning-by-doing, overturns the presumption that formal education is unconditionally beneficial for economic growth. It analyzes a model in which the average level of human capital creates...
Persistent link: https://www.econbiz.de/10005368455
Evidence is reviewed suggesting that: (a) in market economies financial systems develop and attain maturity during the early stages of industrialization; (b) frictions caused by asymmetric information and the incompleteness of contracts are important in credit markets, and intermediaries play an...
Persistent link: https://www.econbiz.de/10005372636
Persistent link: https://www.econbiz.de/10010725108
Persistent link: https://www.econbiz.de/10010725138
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a speech at a conference on The Credit Channel of Monetary Policy in the Twenty-first Century, Federal Reserve Bank of Atlanta, Atlanta, Georgia
Persistent link: https://www.econbiz.de/10010725293
a speech at the Greenlining Institute's Thirteenth Annual Economic Development Summit, Los Angeles, California (via satellite)
Persistent link: https://www.econbiz.de/10010725330