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Anticipated Alternative Instrument-Rate Paths in Policy Simulations
Laseen, Stefan - 2010
This paper specifies a new convenient algorithm to construct policy projections conditional on alternative anticipated policy-rate paths in linearized dynamic stochastic general equilibrium (DSGE) models, such as Ramses, the Riksbank's main DSGE model. Such projections with anticipated...
Persistent link: https://www.econbiz.de/10012757526
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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
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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
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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
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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
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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
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International Trade, Foreign Investment, and the Formation of the Entrepreneurial Class
Grossman, Gene M. - 2021
In this paper, I examine the argument that free trade may be harmful to less developed countries, because such international competition inhibits the formation of a local entrepreneurial class.I view the entrepreneur as the manager of the industrial enterprise, as well as the agent who bears the...
Persistent link: https://www.econbiz.de/10013239391
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International Trade and Domestic Regulation
Staiger, Robert W. - 2009
Existing formal models of the relationship between trade policy and regulatory policy suggest the potential for a regulatory race to the bottom. WTO rules and disputes, however, center on complaints about excessively stringent regulations. This paper bridges the gap between the existing formal...
Persistent link: https://www.econbiz.de/10013153585
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Revenue or Reciprocity? Founding Feuds Over Early U.S. Trade Policy
Irwin, Douglas A. - 2009
The Constitution of 1787 was designed to give Congress powers over trade policy that it lacked under the Articles of Confederation. The Washington administration was split over whether to use these powers to raise revenue or to retaliate against Britain's discriminatory trade policies. Obsessed...
Persistent link: https://www.econbiz.de/10013158026
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Economic Policy for Artificial Intelligence
Agrawal, Ajay K. - 2018
Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast as a quality-adjusted drop in the price of prediction. How will this sharp drop in price impact society? Policy will...
Persistent link: https://www.econbiz.de/10012916896