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The modern hyperinflation cycle : some new empirical regularities
Saboin-García, José Luis - 2018
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...
Persistent link: https://www.econbiz.de/10011978555
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Fiscal stimulus impact on firms' profitability during the global financial crisis
Correa-Caro, Carolina; Medina, Leandro; … - 2018
sectoral business cycle sensitivity affected corporate profitability during the recovery period of the global financial crisis … (GFC). Using cross-sectional analyses, our findings indicate that corporate profitability improved significantly after the … be significant in explaining changes in corporate profitability …
Persistent link: https://www.econbiz.de/10011978407
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Market Liberalization Policies in a Reforming Socialist Economy
Dinopoulos, Elias - 1991
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395972
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Price Reform and Durable Goods in the Transition to a Market Economy
Agénor, Pierre-Richard - 1993
The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock...
Persistent link: https://www.econbiz.de/10014396041
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The Underground Economy : Estimation, and Economic and Policy Implications: The Case of Pakistan
Shabsigh, Ghiath - 1995
This paper estimates the size of the underground economy in Pakistan and analyzes its impact on Government fiscal position and the allocation of economic resources in the national economy. The results suggest that there is a mutual dependency between the size of the underground economy and...
Persistent link: https://www.econbiz.de/10014398070
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Index Number Biases During Price Liberalization
Osband, Kent - 1991
When a formerly centrally-planned economy frees prices and allows or compels producers to respond to market signals, conventional measures tend to severely overstate short–run output decline and inflation. In part the overstatement stems from neglect of private sector activity, or from belated...
Persistent link: https://www.econbiz.de/10014398096
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Pandemic and progressivity
Klemm, Alexander; Mauro, Paolo - 2021
Based on a survey of about 2,500 US resident adults, we show that people who have experienced serious illness or job loss caused by the COVID-19 pandemic, or who personally know someone who has, favor a temporary progressive levy or structural progressive tax reform to a greater extent than...
Persistent link: https://www.econbiz.de/10012517935
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Scaling up climate mitigation policy in Germany
Black, Simon; Chen, Ruo; Mineshima, Aiko; Mylonas, Victor; … - 2021
Persistent link: https://www.econbiz.de/10012796678
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Destabilizing the global monetary system : Germany's adoption of the gold standard in the early 1870s
Wiegand, Johannes - 2019
In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been … block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked …
Persistent link: https://www.econbiz.de/10012009318
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Automating the Price Discovery Process : Some International Comparisons and Regulatory Implications
Domowitz, Ian - 1992
Automated trade execution systems are examined with respect to the degree to which they automate the price discovery process. Seven levels of automation of price discovery are identified, and 47 systems are classified according to these criteria. Systems operating at various levels of automation...
Persistent link: https://www.econbiz.de/10014395803