Similar Search Results

Dollarization in transition economies: Evidence and policy implications

Sahay, Ratna; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1995

stabilization plans in Estonia, Lithuania, Mongolia, and Poland. Since foreign currency deposits reflect mainly a portfolio choice …

Persistent link: https://www.econbiz.de/10008596389

Stopping High Inflation: An Analytical Overview

Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1991

This paper reviews the evidence on stabilization plans in high inflation countries within a unified theoretical … stabilization programs in chronic inflation countries have resulted in an initial expansion followed by a later recession, in …

Persistent link: https://www.econbiz.de/10008545976

The Role of Consumption-Labor Complementarity as a Source of Macroeconomic Instability

Gliksberg, Baruch - Volkswirtschaftliche Fakultät, … - 2010

The equilibrium ramification of a balanced budget rule are scrutinized in a one sector growth model augmented with investment frictions and a non-separable utility function in consumption and leisure. Edgeworth-complementarity between consumption and labor is formulated so as to generate a...

Persistent link: https://www.econbiz.de/10008534215

The Italian Stabilization of 1947: Domestic and International Factors

Oliva, Martinez; Carlos, Juan - Volkswirtschaftliche Fakultät, … - 2005

The paper examines the 1947 monetary stabilization in Italy, tracing the domestic and international political dynamics …

Persistent link: https://www.econbiz.de/10005061659

Inflation, Growth and Exchange Rate Regimes in Small Open Economies

Hernandez-Verme, Paula - Volkswirtschaftliche Fakultät, … - 2002

Summary. This is an extended working paper version of the paper that appeared in Economic Theory. It paper compares the merits of alternative exchange rate regimes in small open economies where financial intermediaries perform a real allocative function, there are multiple reserve requirements,...

Persistent link: https://www.econbiz.de/10005037728

Diaspora transferts et volatilité économique

Jellal, Mohamed - Volkswirtschaftliche Fakultät, … - 2014

This paper attempts to clarify theoretically the link between remittances , industrialization by foreign capital as well as the size of its volatility. In particular, the model shows clearly that if the flows of foreign capital induce volatility in the economy, the bulk of remittances from the...

Persistent link: https://www.econbiz.de/10011110884

Stabilization and growth in transition economies: The early experience

Fischer, Stanley; Sahay, Ratna; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1996

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former … an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years … spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even …

Persistent link: https://www.econbiz.de/10008636474

Empirical evidence on the stabilizing role of fiscal and monetary policies in the US

Pereira, Manuel C - Volkswirtschaftliche Fakultät, … - 2008

I apply SVAR tools and counterfactual simulation techniques to study the (de)stabilizing role of monetary and fiscal policies in the US, using quarterly data from 1955 to 2005. Monetary and fiscal disturbances contributed much less to output volatility in the second part of the sample. This...

Persistent link: https://www.econbiz.de/10008556308

Foreign Aid in Equatorial Guinea: Macroeconomic Features and Future Challenges

Larrú, José María - Volkswirtschaftliche Fakultät, … - 2010

The paper carries out a deep case study of the international aid that Equatorial Guinea receives. This is an extremely interesting country because, not being a failed state, it presents very low indexes in institutional quality. Its oil richness, which began to be exploited by foreign investors...

Persistent link: https://www.econbiz.de/10008642665