Showing 1 - 10 of 1,213
increase vulnerability to infection? We use data from two recent household surveys in Botswana to address this question. We …
Persistent link: https://www.econbiz.de/10012779610
development quest. The sample includes seven developing countries—Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil —all …
Persistent link: https://www.econbiz.de/10012956929
We study the effects of domestic trade liberalization on labor markets in Botswana. South Africa is the dominant member … plausibly exogenous tariff reductions for the other customs union members, including Botswana. Using labor force surveys from … Botswana spanning a decade, we find that trade liberalization did not affect the relative size of industries in terms of …
Persistent link: https://www.econbiz.de/10012862049
This paper decomposes Botswana's growth from the late 1960s through 2010 into a within-sector and a between …-sector (structural change) component. We find that during the 70s and 80s Botswana's rapid economic growth was characterized by … that this is one of the reasons for persistent poverty and very high income inequality in Botswana today. This leaves us …
Persistent link: https://www.econbiz.de/10013024884
This paper examines the economic environments in which past U.S. stock market booms occurred as a first step toward understanding how asset price booms come about and whether monetary policy should be used to defuse booms. We identify several episodes of sustained rapid rise in equity prices in...
Persistent link: https://www.econbiz.de/10013127756
The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. This paper describes how the Committee's policy views differed from those of most Federal Reserve...
Persistent link: https://www.econbiz.de/10013127975
This paper develops a model that speaks to the goals and methods of financial-stability policies. There are three main points. First, from a normative perspective, the model defines the fundamental market failure to be addressed, namely that unregulated private money creation can lead to an...
Persistent link: https://www.econbiz.de/10013128276
In the recent financial crisis, macroeconomic stimuli produced mixed results across developed economies. In contrast, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first quarter of 2010. Amidst this phenomenal response, land...
Persistent link: https://www.econbiz.de/10013128599
In this paper we consider a two-country New Open Economy Macroeconomics model, and analyze the optimal monetary policy when countries cooperate in the face of a "global liquidity trap" - i.e., a situation where the two countries are simultaneously caught in liquidity traps. Compared to the...
Persistent link: https://www.econbiz.de/10013128606
The long-running debate about the role of monetary policy in responding to rising asset prices has received renewed attention in the wake of the global financial crisis. This paper contributes to this debate by describing the Australian experience of a cycle in house prices and credit from 2002...
Persistent link: https://www.econbiz.de/10013128609