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Fiscal Deficits, Exchange Rate Crises and Inflation
van Wijnbergen, Sweder - 1987
reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve … a sustainable reduction in inflation an exchange rate freeze or crawling peg is shown to require restrictions not only …-collapse inflation will exceed the rate prevailing before the freeze started …
Persistent link: https://www.econbiz.de/10012476939
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Explaining Fiscal Policies and Inflation in Developing Countries
Edwards, Sebastian - 1990
In this paper we investigate erririca1ly the determinants of inflation, seigniorage an fiscal deficits in developing … countries. We first test the optimal taxation theory of inflation for a grip of 21 LDCs. We find that the implications of this … cross country differences in seigniorage, inflation, government borrowing and fiscal deficits. We end by discussing …
Persistent link: https://www.econbiz.de/10012475534
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Crisis and Commitment : Inflation Credibility and the Vulnerability to Sovereign Debt Crises
Aguiar, Mark - 2013
We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential … for self-fulfilling debt crises. Inflation is costly, but reduces the real value of outstanding debt without the full … punishment of default. With high inflation credibility, which can be interpreted as joining a monetary union or issuing foreign …
Persistent link: https://www.econbiz.de/10012459147
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Do Patents Matter? : Empirical Evidence after GATT
Lanjouw, Jean O. - 2000
Since the late 1980s the global intellectual property rights (IPR) system has been strengthening dramatically as much of the developing world introduces patent protection for new drug products. This may lead to more research on drugs to address developing country needs. As there are identifiable...
Persistent link: https://www.econbiz.de/10012471281
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Blackouts in the Developing World : The Role of Wholesale Electricity Markets
Jha, Akshaya; Preonas, Louis; Burlig, Fiona - National Bureau of Economic Research - 2021
Blackouts impose substantial economic costs in developing countries. This paper advances a new explanation for their continued prevalence: unlike in high-income countries, where regulatory mandates require utilities to satisfy all electricity demand, utilities in developing countries respond to...
Persistent link: https://www.econbiz.de/10012794637
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Trade Policy as an Input to Development
Krueger, Anne O. - 1980
My topic is the question: what difference does the set of commercial policies chosen by a developing country make to its rate of economic growth? Three points are salient. First, in its present state, trade theory provides little guidance as to the role of trade policy and trade strategy in...
Persistent link: https://www.econbiz.de/10012478674
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Cities, Lights, and Skills in Developing Economies
Dingel, Jonathan I. - 2019
In developed economies, agglomeration is skill-biased: larger cities are skill-abundant and exhibit higher skilled wage premia. This paper characterizes the spatial distributions of skills in Brazil, China, and India. To facilitate comparisons with developed-economy findings, we construct...
Persistent link: https://www.econbiz.de/10012479630
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Aging and Death under a Dollar a Day
Banerjee, Abhijit V. - 2007
This paper uses household survey data form several developing countries to investigate whether the poor (defined as those living under $1 or $2 dollars a day at PPP) and the non poor have different mortality rates in old age. We construct a proxy measure of longevity, which is the probability...
Persistent link: https://www.econbiz.de/10012464963
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Age of Marriage, Weather Shocks, and the Direction of Marriage Payments
Corno, Lucia - 2017
This paper studies how aggregate economic conditions affect marriage markets in developing countries where marriage is regulated by traditional customary norms. We examine how local economic shocks influence the timing of marriage, and particularly child marriage, in Sub-Saharan Africa and in...
Persistent link: https://www.econbiz.de/10012455078
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem to hold as well in Brazil as in the U.S., but China and...
Persistent link: https://www.econbiz.de/10012456671