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Many empirical studies argue that the inertial behavior of the policy rates in industrialized countries can be well explained by a linear partial adjustment version of the Taylor rule. However, the explanatory power of the lagged interest rate has been questioned from various points of view....
Persistent link: https://www.econbiz.de/10008493589
Gældskrisens udbrud blev startsignalet til omfattende makroøkonomiske reformer i u-Iandene i 1980erne. De chok, som forårsagede krisen, udgjorde sammen med kraftigt voksende uligevægte i eksterne og interne samfundsøkonomiske balancer en virkningsfuld advarsel. Det blev klart, at de...
Persistent link: https://www.econbiz.de/10011274387
This paper studies the institutional reform process in Central Asia from a choice perspective. We compare institutional … reform processes of Central Asian countries from 1995 to 2006 to those conducted in their neighbouring countries in Central …
Persistent link: https://www.econbiz.de/10005078671
behind growth in recent times. Disparity seems to have increased in the post-reform period, caused mainly by further slowing …
Persistent link: https://www.econbiz.de/10005260324
regional perspective. The present paper analyses the wage-employment scenario in India in the post-reform period with special …
Persistent link: https://www.econbiz.de/10009372550
wage-employment scenario in India in the post-reform period. The workforce structure is exhibiting upward mobility across …
Persistent link: https://www.econbiz.de/10005836043
the infrastructure industries reform process in developing countries. Our point of departure is that, when thinking about … performance. The second issue relates to the factors that shape the sectorial reforms themselves and the impact on these reforms … are among the major factors that explain which reforms are actually implemented. …
Persistent link: https://www.econbiz.de/10005836465
has highlighted a relationship between the quality of the macro-institutional environment and the performance of reform …, thus allowing us to test for the existence of a level of revenue below which, once the effect of reforms variables …
Persistent link: https://www.econbiz.de/10005836710
In both developed and developing countries, there are basically two main sources of economic instability: exogenous shocks and inappropriate policies. Exogenous shock (terms-of-trade shocks, natural disasters and capital flow reversals) can throw an economy into disequilibrium and therefore...
Persistent link: https://www.econbiz.de/10005836865
We discuss the typical mistakes in carrying out reforms that promote redistributive activities and give rise to … redistribution cycles; each cycle includes the stages of reform, stabilization and recovery. We provide arguments that show that a … possible way out of the institutional backwardness trap is a rational combination of institutional reforms and policies to …
Persistent link: https://www.econbiz.de/10008516583