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The return of the policy that shall not be named : principles of industrial policy
Chérif, Réda; Hasanov, Fuad - 2019
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
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Foreign Exchange Risk Regulation : Issues for Industrial and Developing Countries
Hartmann, Philipp - 1994
Capital adequacy regulations or quantity restrictions on bank portfolios put forward by the Basle Committee on Banking Supervision have virtually become an international standard of prudential regulation. Recent proposals aim at extending this approach to market risks, in particular to foreign...
Persistent link: https://www.econbiz.de/10014395873
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The European Community's Trade and Trade-Related Industrial Policies
Xafa, Miranda - 1992
This paper examines the objectives and instruments of trade policy in the European Community (EC) from 1987 until mid-1992. It reviews the Community’s institutional setting and policy environment as background to recent trends in EC trade policies and trading arrangements. A discussion of key...
Persistent link: https://www.econbiz.de/10014396138
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A TIP against the COVID-19 pandemic
Chérif, Réda; Hasanov, Fuad - 2020
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
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Fair and inclusive markets : why dynamism matters
Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...
Persistent link: https://www.econbiz.de/10012517949
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Crouching beliefs, hidden biases : the rise and fall of growth narratives
Chérif, Réda; Engher, Marc; Hasanov, Fuad - 2020
Persistent link: https://www.econbiz.de/10012392481
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Wage-price dynamics and structural reforms in Japan
Porcellacchia, Davide - 2016
role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …
Persistent link: https://www.econbiz.de/10011436738
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Production offshoring and investment by Japanese firms
Kang, Joong Shik; Piao, Shi - 2015
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
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Portfolio rebalancing in Japan : constraints and implications for quantitative easing
Arslanalp, Serkan; Botman, Dennis P. J. - 2015
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …
Persistent link: https://www.econbiz.de/10011373924
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Macroeconomic effects of Japan's demographics : can structural reforms reverse them?
Colacelli, Mariana; Fernandez Corugedo, Emilio - 2018
Yes, partly. This paper studies the potential role of structural reforms in improving Japan's outlook using the IMF …-fully-believed path of structural reforms can significantly offset the adverse effect of Japan's demographic headwinds - a declining and … significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan's target, while …
Persistent link: https://www.econbiz.de/10011978382