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Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and Self-Interest

Melkonyan, Tigran A. - 2008

The paper explicitly models the dynamic strategic aspects of the interaction between the migrant and the remittance-receiving relative(s), with the migrant behaving as a Stackelberg leader. It is also different from other formalizations of remittance behavior in its treatment of the two...

Persistent link: https://www.econbiz.de/10014401824

The Austrian Theory of Business Cycles : Old Lessons for Modern Economic Policy?

Oppers, Stefan E. - 2002

This paper reviews the ""Austrian"" theory of the business cycle first proposed by Friedrich Hayek in the 1920s. His … theory claimed that credit creation by monetary authorities would push investment beyond society''s long-term willingness to … save, creating a mismatch between supply and demand that would inevitably cause recession. The theory argued, moreover …

Persistent link: https://www.econbiz.de/10014400055

Some Microeconomics of Fiscal Deficit Reductions : The Case of Tax Expenditures

International Monetary Fund - 1989

This paper considers the merits of reducing or eliminating some specific tax expenditure measures currently in force in the United States with a view to reducing the federal fiscal deficit. The paper starts from the observation that savings decisions in the United States are distorted and that...

Persistent link: https://www.econbiz.de/10014396455

Exchange Rates and Economic Fundamentals : A Methodological Comparison of Beers and Feers

MacDonald, Ronald - 1998

This paper compares two approaches for examining the extent to which a country’s actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current account at full employment with...