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Central Bank Independence and Inflation in Latin America—Through the Lens of History
Jacome H., Luis I.; Pienknagura, Samuel - 2022
We study the link between central bank independence and inflation by providing narrative and empiricial evidence based on Latin America’s experience over the past 100 years. We present a novel historical dataset of central bank independence for 17 Latin American countries and recount the rocky...
Persistent link: https://www.econbiz.de/10014244524
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Flying to Paradise : The Role of Airlift in the Caribbean Tourism Industry
Acevedo Mejia, Sebastian - 2016
This paper studies the role of airlift supply on the tourism sector in the Caribbean. The paper examines the relative importance of U.S.-Caribbean airlift supply factors such as the number of flights, seats, airlines, and departure cities on U.S. tourist arrivals. The possible endogeneity...
Persistent link: https://www.econbiz.de/10012996069
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Revisiting Tourism Flows to the Caribbean : What is Driving Arrivals?
Laframboise, N. - 2015
The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows. It estimates the determinants of tourism and explores variations based on sample differences, and also constructs a static nominal price comparison index. The paper finds that:...
Persistent link: https://www.econbiz.de/10013028676
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Real Effects of High Inflation
Braumann, Benedikt - 2006
This paper revisits the question of the real effects of inflation, on the basis of the experience with 23 high inflation episodes in 17 countries. It finds strong indications that inflation had contractionary effects on a number of important macroeconomic variables, such as GDP, investment and...
Persistent link: https://www.econbiz.de/10012782831
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The Modern Hyperinflation Cycle : Some New Empirical Regularities
Saboin, Jose - 2019
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized … respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally … hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal …
Persistent link: https://www.econbiz.de/10012895119
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Volatility and Growth in Latin America : An Episodic Approach
Goyal, Rishi - 2007
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and...
Persistent link: https://www.econbiz.de/10012778000
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The Growth Return of Infrastructure in Latin America
Lanau, Sergi - 2017
This paper examines the effects of improvements in infrastrucutre on sectoral growth andfirm-level investment, focusing on six Latin American countries. Exploiting theheterogeneity in the quality of infrastructure across countries and the intrinsic variation inthe dependence of sectors on...
Persistent link: https://www.econbiz.de/10012960573
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A Quarterly Projection Model for the WAEMU
de Resende, Carlos; Fall, Alsim; Sy, Demba - 2022
This study describes a semi-structural New-Keynesian Quarterly Projection Model (QPM) for the WAEMU zone. In the context of a fixed exchange rate regime and relatively tight capital controls, the central bank for the WAEMU monetary union (Banque Centrale des États de l’Afrique de l’Ouest,...
Persistent link: https://www.econbiz.de/10014238514
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Inflation and Monetary Policy in a Low-Income and Fragile State : The Case of Guinea
Carriere-Swallow, Yan; Koumtingué, Nelnan Fidèle; … - 2023
Inflation in low-income countries is often high and volatile, driven by external shocks. In addition, inflation in fragile states is affected by highly volatile domestic factors that complicate monetary policy’s ability to deliver price stability. We estimate the drivers of inflation in Guinea...
Persistent link: https://www.econbiz.de/10014355052
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Launching Export Accelerations in Latin America and the World
Cerra, Valerie - 2017
This paper investigates the determinants of sustained accelerations in goods and services exports. Strong predictors of export takeoffs include domestic and structural indicators such as lower macroeconomic uncertainty, improved quality of institutions, a depreciated exchange rate, and...
Persistent link: https://www.econbiz.de/10012957850