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Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for...
Persistent link: https://www.econbiz.de/10014399865
the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico …
Persistent link: https://www.econbiz.de/10011671097
-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several … different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling …
Persistent link: https://www.econbiz.de/10014400374
This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic …
Persistent link: https://www.econbiz.de/10014399996
in absolute terms and as a fraction of real economic activity. Empirical results using data for Mexico, Chile, Argentina …, and Israel support a negative statistically significant relationship between credit and inflation for Mexico, Argentina …, and Chile, but not for Israel. In addition, for both Chile and Mexico, dummy variables representing periods of inflation …
Persistent link: https://www.econbiz.de/10014398434
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …
Persistent link: https://www.econbiz.de/10014398469
Persistent link: https://www.econbiz.de/10010390044
Barbados, Jamaica and Trinidad and Tobago, by estimating a restricted Vector Autoregressive model with Exogenous Variables …
Persistent link: https://www.econbiz.de/10011715386
The paper analyzes Jamaica''s experience of low growth despite consistently high investment. Cross-country analysis … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study …
Persistent link: https://www.econbiz.de/10014400364
This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace''s (1981) ""unpleasant monetarist arithmetic"" that an increase in public debt is typically inflationary in countries with large public debt. Drawing on an extensive panel dataset, we find...
Persistent link: https://www.econbiz.de/10014400653