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Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?

Aisen, Ari - International Monetary Fund (IMF) - 2004

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent …

Persistent link: https://www.econbiz.de/10005263919

Budget Deficits and Interest Rates; A Fresh Perspective

Aisen, Ari; Hauner, David - International Monetary Fund (IMF) - 2008

We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore interactions to explain some of the heterogeneity in the literature; and apply system GMM. There is overall a...

Persistent link: https://www.econbiz.de/10005605315

Does Political Instability Lead to Higher Inflation? A+L2990 Panel Data Analysis

Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2005

Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability. …

Persistent link: https://www.econbiz.de/10005264114

Political Instability and Inflation Volatility

Veiga, Francisco José; Aisen, Ari - International Monetary Fund (IMF) - 2006

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility. …

Persistent link: https://www.econbiz.de/10005826306

Bank Credit During the 2008 Financial Crisis; A Cross-Country Comparison

Aisen, Ari; Franken, Michael - International Monetary Fund (IMF) - 2010

This paper empirically estimates the main determinants of bank credit growth during the 2008 financial crisis. Using a sample covering over 80 countries, this paper finds that larger bank credit booms prior to the crisis and lower GDP growth of trading partners are among the most important...

Persistent link: https://www.econbiz.de/10008519493