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Conditional Lending Under Altruism
Mourmouras, Alex - 2004
We analyze how the altruism of an international financial institution (IFI) towards its lowincome member countries …. Thus, IFI altruism and the inability to commit are sufficient reasons to equip loans with conditions. Conditional loans … produce an efficient allocation of resources, so altruism is not a fundamental reason that loans fail to increase welfare …
Persistent link: https://www.econbiz.de/10014400281
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Should Subsidized Private Transfers Replace Government Social Insurance?
Fullenkamp, Connel - 2000
Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit...
Persistent link: https://www.econbiz.de/10014403504
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What is Different About Family Businesses?
Chami, Ralph - 2001
developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket …
Persistent link: https://www.econbiz.de/10014399982
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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
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The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model
Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012102028
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Welfare Implications of HIV/AIDS
Haacker, Markus - 2003
The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results...
Persistent link: https://www.econbiz.de/10014403663
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Welfare Costs of Inflation, Seigniorage, and Financial innovation
De Gregorio, Jose - 1991
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of inflation is equivalent to financial innovation. This can be caused by paying interest on deposits, indexing money, or “dollarizing.”...
Persistent link: https://www.econbiz.de/10014396149
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On Price Stability and Welfare
Yehoue, Etienne B. - 2012
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell’Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room...
Persistent link: https://www.econbiz.de/10014395686
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt’s face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and...
Persistent link: https://www.econbiz.de/10014396009
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the...
Persistent link: https://www.econbiz.de/10014396027