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Political Constraints and Sovereign Default
Azzimonti, Marina; Mitra, Nirvana - National Bureau of Economic Research - 2022
constraints. The model is calibrated to Argentina and the results conform to robust empirical evidence. An event study for the …
Persistent link: https://www.econbiz.de/10012814442
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Generational Policy
Kotlikoff, Laurence J. - 2001
Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...
Persistent link: https://www.econbiz.de/10012470563
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Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime
Paolera, Gerardo della - 2000
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …
Persistent link: https://www.econbiz.de/10012471138
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Thirty Years of Currency Crises in Argentina : External Shocks or Domestic Fragility?
Kaminsky, Graciela - 2009
This paper examines Argentina's currency crises from 1970 to 2001, with particular attention to the role of domestic …
Persistent link: https://www.econbiz.de/10012463171
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International Borrowing and Macroeconomic Performance in Argentina
Dominguez, Kathryn M.E. - 2005
This paper provides an overview of the major economic events in Argentina from the adoption of the convertibility plan … currency board and capital flows, and the inescapable link between fiscal and monetary policy. Argentina inadvertently entered … late 1990s, when Argentina went into recession, it required some sort of stimulus -- either a loosening of monetary policy …
Persistent link: https://www.econbiz.de/10012467330
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NBER International Seminar on Macroeconomics 2010
Clarida, Richard H. (ed.); Giavazzi, Francesco (contributor) - ISOm <33, 2010, Amsterdam> - 2011
Persistent link: https://www.econbiz.de/10009661611
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NBER International Seminar on Macroeconomics 2006
Reichlin, Lucrezia (contributor);  … - National Bureau of Economic Research - 2008
Persistent link: https://www.econbiz.de/10003655859
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J. - 2000
Persistent link: https://www.econbiz.de/10012471099
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EMU : Ready, or Not?
Obstfeld, Maurice - 1999
In this paper I focus on two specific hazard areas in the transition from Stage Two to Stage Three of European economic and monetary union (EMU), as well as on some key problems of Stage Three that EMU's monetary and fiscal structures appear ill-prepared to handle. The transitional hazards are...
Persistent link: https://www.econbiz.de/10012471509
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Stabilization with Fiscal Policy
Kocherlakota, Narayana Rao - National Bureau of Economic Research - 2021
I reconsider the long-standing consensus view that macroeconomic stabilization should rely on monetary policy, not fiscal policy. I use an analytically tractable heterogeneous agent New Keynesian (HANK) model that is parameterized so as to admit a bubble in public debt. In this context, I show...
Persistent link: https://www.econbiz.de/10012629446