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This paper assesses how the current housing and credit crisis will impact US real activity, and how recession interacts with adjustment of global imbalances. A simple real-side model with decreasing returns to factors and non-clearing goods and labor markets is disaggregated into traded and...
Persistent link: https://www.econbiz.de/10005077577
This paper employs (1) a three-sector structuralist model of development with informal and formal activities and (2) a global one-sector model with demand determined outputs and bargained distribution to investigate whether India's growth performance can be sustained, where the country might...
Persistent link: https://www.econbiz.de/10010738075