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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
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The Monetary and Fiscal History of Brazil, 1960-2016
Ayres, Joao - 2019
Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994. This last period coincided with severe balance of...
Persistent link: https://www.econbiz.de/10012479377
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The Monetary and Fiscal History of Bolivia, 1960–2017
Kehoe, Timothy J. - 2019
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012479478
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The Struggle Towards Macroeconomic Stability : Analytical Essay
Razin, Assaf - 2019
-creation experience, which help evaluate recent theory--the Modern Monetary Theory (MMT) …
Persistent link: https://www.econbiz.de/10012479766
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Life Satisfaction and Quality of Development
Helliwell, John F. - 2008
This paper argues that measures of life satisfaction, now being collected annually by the Gallup World Poll in more than 130 countries, permit a much broader view of the quality and consequences of development than other common measures. While these data show the importance of conventionally...
Persistent link: https://www.econbiz.de/10012464140
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Emergence and Persistence of Inefficient States
Acemoglu, Daron - 2006
attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10012465912
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Searching for Prosperity
Kremer, Michael - 2001
Quah's [1993a] transition matrix analysis of world income distribution based on annual data suggests an ergodic distribution with twin peaks at the rich and poor end of the distribution. Since the ergodic distribution is a highly non-linear function of the underlying transition matrix estimated...
Persistent link: https://www.econbiz.de/10012470474
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The Emergence of Weak, Despotic and Inclusive States
Acemoglu, Daron - 2017
Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...
Persistent link: https://www.econbiz.de/10012455025
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Israel and the 1990-2015 Global Developments : Riding with the Global Flows and Weathering the Storms
Razin, Assaf - 2016
Moderating spillovers from the advanced economies during the Great Moderation, the global information technology revolution, the influx of skilled immigrants from the former Soviet Union, the gradual buildup of robust and well-regulated financial institutions over decades after the...
Persistent link: https://www.econbiz.de/10012456112
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Debt and Taxes in the Theory of Public Finance
Feldstein, Martin - 1984
because the small increments in all future tax rates to finance interest payments involves a smaller excess burden than the … single large tax rate increase that would be required to avoid an initial increase in the national debt. This argument … tax rates can be explicitly balanced against the disadvantage of the excess burden that arises from additional debt. The …
Persistent link: https://www.econbiz.de/10012477656