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monetary policy in the development countries. In modern capitalist economies, more than ever, money should be viewed as an …
Persistent link: https://www.econbiz.de/10005014734
Analytical and numerical results show how the presence of a subsidy on household and firm purchases of oil products distorts long-run macroeconomic aggregates in an oil-importing developing country. Beyond leading to over-consumption of oil products these subsidies also lead to increased labor...
Persistent link: https://www.econbiz.de/10009323926
Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the privatization process succeeded in attracting foreign direct...
Persistent link: https://www.econbiz.de/10011186475
low, their products are not competitive, sources of development, they have not. The crisis has shown wrong economic policy …
Persistent link: https://www.econbiz.de/10011257782
, the best policies are those that reduce average production costs. Policy induced demand tightening to anchor inflationary … expectations and prevent a wage-price spiral that could shift up costs imposed a large output sacrifice. Policy contraction …
Persistent link: https://www.econbiz.de/10011111900
. This paper derives a new macroeconomic model from recently published Fundamental Equation of Economics (FEOE) and applies … accounting, truthfully capturing the sectorial flow of funds and dynamics of economics, universally applicability, and a rock … disciplines and strengthening risk management of key players in economics. Because some economic crises can be caused by natural …
Persistent link: https://www.econbiz.de/10011112325
In this paper we study long run economic growth as a sequence of accelerations, slowdowns and crises, and estimate the role of institutions and macroeconomic policies in determining this sequence. We analyze the joint effect of policies and institutions on the frequency of the four growth...
Persistent link: https://www.econbiz.de/10008871185
This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the adoption of inward-looking strategies, interventionist...
Persistent link: https://www.econbiz.de/10011184600
shifts the implementation of fiscal policy, increasing fiscal space and its activeness to apply policy. To get the fiscal … results show that fiscal policy was contractionary and expansionary over the cycle to inflation, output gap and gross capital …
Persistent link: https://www.econbiz.de/10011258610
Romania as a member state in the European Union, after the 1st of January has to itegrate the activity of economical agents in a new WATT cashing and administrating mechanism of „intra-communitaire” commerce. In European Union the WATT payment is made at the destination of merchandise, after...
Persistent link: https://www.econbiz.de/10005052175