Showing 1 - 10 of 132
This paper argues that, in the presence of nominal wage rigidities, the existence of Rule-of-Thumb agents and price rigidities does not cause a change in the Taylor Principle as suggested by Galí et al. (2004), and that the only rigidity relevant for this result is that faced by Rule-of-Thumb...
Persistent link: https://www.econbiz.de/10010662978
Using a dynamic stochastic general equilibrium model with financial frictions, this paper evaluates the effects of a rule that incorporates not only the interest rate but also the legal reserve requirements as instruments of monetary policy. It is found that reserve requirements can be used to...
Persistent link: https://www.econbiz.de/10010744453
The logistics industry is one of utmost relevance and principally serves as a motor of private sec-tor development and growth of the economic sectors of a country or region. A logistics industry that is efficient and accessible to everyone is a key element for companies in a country or region in...
Persistent link: https://www.econbiz.de/10009395237
Despite the large potential gains from credit by second-tier development banks, little is known about the actual impact of these banks' lending activity. This study partially fills that gap by analyzing the impact of the lending activity of Bancoldex, the Colombian second-tier development bank,...
Persistent link: https://www.econbiz.de/10009421326
Recent research conducted by the IDB shows that innovation positively affects productivity growth in the Latin American … dynamics at play in the service sector in the region and the relationship between productivity and innovation in services (as … prolonged productivity lags in the region, while, if well designed and implemented, could have large economic payoffs. This …
Persistent link: https://www.econbiz.de/10009644856
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010943497
In the last decades, countries in Latin America and the Caribbean have experienced a dramatic increase in the levels of higher education enrollment. Using administrative data from Chile and Colombia, we find that this phenomenon is not always associated with higher private individual returns. In...
Persistent link: https://www.econbiz.de/10011240347
in export mix and by firm size. In general, export mix changes are associated with improvements on productivity, although … export mix are more important for firm growth in large firms, but not in terms of productivity. In contrast, SMEs can have a … higher potential for productivity improvement through export product churning but this does not translate necessarily in …
Persistent link: https://www.econbiz.de/10011240349
CRIAR is to increase smallholders' agricultural income and food security through productivity improvements triggered by … present evidence that program participation increased agricultural productivity, household income and improved food security …
Persistent link: https://www.econbiz.de/10011240359