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What determines government spending multipliers?
Corsetti, Giancarlo; Meier, André; Müller, Gernot J. - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10009618568
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To Peg or Not to Peg : A Template for Assessing the Nobler
Husain, Aasim M - 2006
Persistent link: https://www.econbiz.de/10012690970
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Fiscal Discipline and Exchange Rate Regimes : Evidence from the Caribbean
Tolosa, Guillermo - 2006
Persistent link: https://www.econbiz.de/10012690994
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Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies.
Mendoza, Enrique G - 2006
Intro -- Contents -- I. INTRODUCTION -- II. VARIANCE ANALYSIS OF THE PESO-DOLLAR REAL EXCHANGE RATE -- III. SUDDEN STOPS AND NONTRADABLES-DRIVEN REAL EXCHANGE RATE VOLATILITY -- IV. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691128
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Revised System for the Classification of Exchange Rate Arrangements
Kokenyne, Annamaria - 2009
Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in...
Persistent link: https://www.econbiz.de/10012677881
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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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Efficiency Costs of Myanmar's Multiple Exchange Rate Regime
Hori, Masahiro - 2008
Myanmar's multiple exchange rate system creates various economic distortions. This paper describes the exchange rate practices in Myanmar, develops a model of foreign exchange markets, and presents the efficiency costs imposed by quasi-fiscal operation under the current exchange rate regime. The...
Persistent link: https://www.econbiz.de/10012677648
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Estimating Fiscal Multipliers Under Alternative Exchange Rate Regimes: The Case of Bolivia
Kass-Hanna, Tannous - 2023
Empirical (employing the Blanchard-Perotti framework) and modeling (using a country-specific DSGE model) approaches are used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal consolidation strategy. Multipliers are also estimated using...
Persistent link: https://www.econbiz.de/10015058920
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Weather Shocks and Exchange Rate Flexibility
Elekdag, Selim - 2022
This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy's adjustment to weather shocks? To address this question, the impact of weather shocks on real per...
Persistent link: https://www.econbiz.de/10015060454
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Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks
Perez-Saiz, Hector - 2023
The paper examines the usage of the Renminbi (RMB) as an international payment currency. Globally, the use of RMB … differences can be partly explained by an economy's geographic distance, political distance, and trade linkages with China …. However, it also reflects the impact of policy measures by the People's Bank of China, including establishing bilateral swap …
Persistent link: https://www.econbiz.de/10015059540