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In the literature on exports and investment, most productive firms are seen to invest abroad. In the Helpman et al. (2004) model, costs of transportation play a critical role in the decision about whether to serve foreign customers by exporting, or by producing abroad. We consider the case of...
Persistent link: https://www.econbiz.de/10014403090
The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...
Persistent link: https://www.econbiz.de/10014397805
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10014400322
This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...
Persistent link: https://www.econbiz.de/10014401626
Persistent link: https://www.econbiz.de/10009424818
This paper analyzes an economy in which there are no interest-bearing assets, only equity shares. Equilibrium conditions are derived for the case of a closed economy, an open economy with trade in goods only, and finally one with trade in both goods and equity shares. It is shown that the rate...
Persistent link: https://www.econbiz.de/10014395912
This assessment of the implementation of the BCP in India has been completed as part of the Financial Sector Assessment …
Persistent link: https://www.econbiz.de/10012644888
This Technical Note examines India's securities market and the regulatory system overseeing the securities market and … market participants. It is based upon a mission to Mumbai, India from March 14 - 31, 2017, conducted as one component of a … occurred in India's securities markets since the last assessment and the changes that have occurred in the regulation of this …
Persistent link: https://www.econbiz.de/10012645094
This Selected Issues paper on India reviews the revenue impact of tax reforms implemented by the central government … since 1991. The paper highlights that since 1991, tax reforms have been an integral part of economic reforms in India …
Persistent link: https://www.econbiz.de/10014397419
This Selected Issues paper analyzes the medium-term macroeconomic outlook for India. The paper highlights that in the …
Persistent link: https://www.econbiz.de/10014397692