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Commodity Export Boom and the Real Exchange Rate : The Money-Inflation Link
Edwards, Sebastian - 1985
This paper analyzes the relation between exogenous changes in commodity export prices and the real exchange rate in a monetary economy. The traditional Dutch?Disease case is extended, and the monetary consequences of an export boom are explored. It is shown that commodity export booms can...
Persistent link: https://www.econbiz.de/10012477338
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Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy
Tornell, Aaron - 1994
In several countries temporary terms of trade improvements have led to a deterioration of the current account. Furthermore, many of these countries failed to attain greater post-boom growth rates. The point we make is that the structure of the fiscal process is critical in determining outcomes....
Persistent link: https://www.econbiz.de/10012474076
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Balance-of-payments adjustment policies: Japan, Germany, and the Netherlands
Michaely, Michael - 1968
Persistent link: https://www.econbiz.de/10000615420
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Country studies
Blanchard, Olivier (contributor) - 1994
Persistent link: https://www.econbiz.de/10000122609
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The industrial organization and regulation of the securities industry
Lo, Andrew W. (ed.) - 1996
Persistent link: https://www.econbiz.de/10000937532
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The Changing Structure of Wages in the US and Germany : What Explains the Differences?
Beaudry, Paul - 2000
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while … files from the PSID (US) and the GSOEP (Germany), we demonstrate how factor movements within these countries are associated … capital over the 1979-96 period, while Germany accumulated factors in a more balanced manner …
Persistent link: https://www.econbiz.de/10012471064
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Low Wage Services : Interpreting the US - German Difference
Freeman, Richard B. - 2000
-wage services in the US and Germany. We find a clear low-wage service jobs deficit' in Germany but this is not due to excessively …
Persistent link: https://www.econbiz.de/10012471159
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Skill Compression, Wage Differentials and Employment : Germany vs. the US
Freeman, Richard B. - 2000
Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job … creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a …
Persistent link: https://www.econbiz.de/10012471160
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Expectations Hypotheses Tests
Bekaert, Geert - 2000
We investigate the Expectations Hypotheses of the term structure of interest rates and of the foreign exchange market using vector autoregressive methods for the U.S. dollar, Deutsche mark, and British pound interest rates and exchange rates. In addition to standard Wald tests, we formulate...
Persistent link: https://www.econbiz.de/10012471161
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Why a Funded Pension System is Useful and Why It is Not Useful
Sinn, Hans-Werner - 2000
Based on explicit present value calculations, the paper criticizes the view that the PAYGO system wastes economic resources. In present value terms, there is nothing to be gained from a transition to funded system even though the latter offers a permanently higher rate of return. The sum of the...
Persistent link: https://www.econbiz.de/10012471177