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Competitiveness in Central-Europe
Allard, Céline - 2009
Since EU accession, trade flows have exhibited strong dynamics in Central-Eastern Europe (CEE). During the period leading to the current global turmoil, the region has also experienced continuous exchange rate appreciation and rapid FDI inflows, both likely to have affected these countries'...
Persistent link: https://www.econbiz.de/10012677787
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Life Expectancy and Income Convergence in the World : A Dynamic General Equilibrium Analysis
Ueda, Kenichi - 2008
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … life much more than material happiness, the world living standards may this have already converged substantially. This … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living …
Persistent link: https://www.econbiz.de/10014409039
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An Alternative Explanation for the Resource Curse
Alichi, Ali - 2009
The paper provides an alternative explanation for the ""resource curse"" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if...
Persistent link: https://www.econbiz.de/10012677783
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Tourism Specialization and Economic Development
Piotrowski, John M. - 2009
UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and …
Persistent link: https://www.econbiz.de/10012677835
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Inflation Targeting at 20
Roger, Scott - 2009
This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in favor of ""flexible"" inflation targeting. The evidence...
Persistent link: https://www.econbiz.de/10012677863
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Elasticity Optimism
Fund, International Monetary - 2009
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10012677518
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Why Do Countries Peg the Way They Peg?The Determinants of Anchor Currency Choice
Oomes, Nienke - 2008
What determines the currency to which countries peg or ""anchor"" their exchange rate? Data for over 100 countries between 1980 and 1998 reveal that trade network externalities are a key determinant. This implies that anchor currency choice may well be suboptimal in that certain currencies,...
Persistent link: https://www.econbiz.de/10012677601
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International Currency Portfolios
Kumhof, Michael - 2009
This paper develops a theory of international currency portfolios that holds in general equilibrium, and that is …
Persistent link: https://www.econbiz.de/10012677715
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Analyzing Fiscal Space Using the MAMS Model
Fund, International Monetary - 2009
within the World Bank's MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the …
Persistent link: https://www.econbiz.de/10012677888
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Review and Implementation of Credit Risk Models of the Financial Sector Assessment Program (FSAP).
Avesani, Renzo G - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE BASIC MODEL SETTING -- III. MODEL 1: A SIMPLE MODEL WITH NON-RANDOM DEFAULT PROBABILITIES -- IV. INTRODUCING THE POISSON APPROXIMATION -- V. MODEL 2: THE MODEL WITH KNOWN PROBABILITIES REVISITED -- VI. MODEL 3: THE MODEL WITH RANDOM DEFAULT...
Persistent link: https://www.econbiz.de/10012690978