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Fischer, Stanley - 1991

The 1980s were both the lost decade of growth for much of Latin America and Africa, and the period in which -- through the new growth theory -- macroeconomists returned to the study of growth and development. The new growth theory is production function driven and concerned primarily with steady...

Persistent link: https://www.econbiz.de/10012475304

Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model

Turnovsky, Stephen J. - 1987

This paper analyzes the effects of an increase in the monetary growth rate within a dynamic optimizing macroeconomic model. Both the short-run and long-run effects, and therefore the adjustments along the transitional path, depend critically upon the tax structure and the firm's corresponding...

Persistent link: https://www.econbiz.de/10012476936

From Micro to Macro Development

Buera, Francisco; Kaboski, Joseph Paul; Townsend, Robert M. - National Bureau of Economic Research - 2021

Macroeconomic development remains an important policy goal because of its ability to lift entire populations out of poverty. In our review of the literature, we emphasize that the best way to achieve this objective is to embrace a synthesis of methods and ideas, with the science of experiments...

Persistent link: https://www.econbiz.de/10012482639

On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

Bacchetta, Philippe - 2009

It is well known from anecdotal, survey and econometric evidence that the relationship between the exchange rate and macro fundamentals is highly unstable. This could be explained when structural parameters are known and very volatile, neither of which seems plausible. Instead we argue that...

Persistent link: https://www.econbiz.de/10012463641

Recent Developments in Macroeocnomics

Fischer, Stanley - 1987

This paper surveys much of modern macroeconomics. The focus is on the core macroeconomic issue, of the reasons for macroeconomic fluctuations and sometimes persistent unemployment. To provide continuity and perspective on how promising research leads of the past turned out, the paper starts by...

Persistent link: https://www.econbiz.de/10012476594

Macroeconomics, Aging and Growth

Lee, Ronald - 2016

intensity, higher wages, and lower returns on capital, a tendency partially offset when the elderly are supported by public or …, strength of public pension and health care systems, and health and vitality of the elderly all condition the impact of … retirement age; reducing benefits and/or raising taxes for public transfer programs for the elderly, with concern for dead …

Persistent link: https://www.econbiz.de/10012456365

The Transition Economies After Ten Years

Fischer, Stanley - 2000

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...

Persistent link: https://www.econbiz.de/10012471103

Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime

Paolera, Gerardo della - 2000

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of...

Persistent link: https://www.econbiz.de/10012471138

The Role of Bank Restructuring in Recovering from Crises : Mexico 1995-98

Krueger, Anne - 1999

In this paper we analyze the evolution of the Mexican economy between 1995 and 1998. The remarkable quick recovery seen in aggregate activity has not been uniform across the economy. The tradable sector has grown strongly, while the non-tradable sector has recuperated only sluggishly. This...

Persistent link: https://www.econbiz.de/10012471758

The Importance of Economic Policy in Development : Contrasts Between Korea and Turkey

Krueger, Anne O. - 1987

In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about three times that of Korea, Turkish exports were fifteen times those of Korea, and the Turkish savings rate was much higher than Korean. By 1980, the situation was dramatically...

Persistent link: https://www.econbiz.de/10012476875