Narrow search
Showing 1 - 10 of 1,464
Cover Image
Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime
della Paolera, Gerardo; Taylor, Alan M. - 2021
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …
Persistent link: https://www.econbiz.de/10013221515
Cover Image
Macroeconomic Volatility in Latin America : A View and Three Case Studies
Caballero, Ricardo J. - 2022
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10013324598
Cover Image
Real Business Cycles in Emerging Countries?
Garcia Cicco, Javier - 2010
We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...
Persistent link: https://www.econbiz.de/10012760602
Cover Image
Business Cycles in International Historical Perspective
Basu, Susanto; Taylor, Alan M. - 2021
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...
Persistent link: https://www.econbiz.de/10013227745
Cover Image
Peronist Beliefs and Interventionist Policies
Di Tella, Rafael - 2010
Argentina and Democrat and Republican voters in the US. While income and education suggest that Peronists (in relative terms …
Persistent link: https://www.econbiz.de/10013135050
Cover Image
Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile
Calvo, Guillermo A.; Talvi, Ernesto - 2021
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …
Persistent link: https://www.econbiz.de/10013222318
Cover Image
Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth
Acemoglu, Daron; Robinson, James A.; Thaicharoen, Yunyong; … - 2021
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10013224669
Cover Image
Anticipating the Great Depression? Gustav Cassel's Analysis of the Interwar Gold Standard
Irwin, Douglas A. - 2011
The intellectual response to the Great Depression is often portrayed as a battle between the ideas of Friedrich Hayek and John Maynard Keynes. Yet both the Austrian and the Keynesian interpretations of the Depression were incomplete. Austrians could explain how a country might get into a...
Persistent link: https://www.econbiz.de/10013118250
Cover Image
A Gains from Trade Perspective on Macroeconomic Fluctuations
Beaudry, Paul - 2011
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10013121592
Cover Image
Government Policy, Credit Markets and Economic Activity
Christiano, Lawrence J. - 2011
The US government has recently conducted large scale purchases of assets and implemented policies that reduced the cost of funds to financial institutions. Arguably these policies have helped to correct credit market dysfunctions, allowing interest rate spreads to shrink and output to begin a...
Persistent link: https://www.econbiz.de/10013123690