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Ecuador, where poor families are selected at random to receive a cash transfer that is equivalent to 7 percent of monthly …
Persistent link: https://www.econbiz.de/10012463305
Ecuador. Our analysis is based on two separate sources of data and two identification strategies. First, we extend the results … Ecuador is likely to be modest …
Persistent link: https://www.econbiz.de/10012456010
unique administrative data from Ecuador, our approach yields measures of individual-level exposure to exports and imports …. We find that international trade raises earnings inequality in Ecuador, especially in the upper-half of the income … distribution. However, the drop in inequality experienced by Ecuador over the last decade would have been less pronounced in the …
Persistent link: https://www.econbiz.de/10012482482
Over the four years beginning in the summer of 1929, financial markets, labor markets and goods markets all virtually ceased to function. Throughout this, the government policymaking apparatus seemed helpless. Since the end of the Great Depression, macroeconomists have labored diligently in an...
Persistent link: https://www.econbiz.de/10012472803
How did countries recover from the Great Depression? In this paper we explore the argument that leaving the gold standard helped by boosting inflationary expectations and lowering real interest rates. We do so for a sample of 30 countries, using modern nowcasting methods and a new dataset...
Persistent link: https://www.econbiz.de/10012481440
This paper analyzes two-way interactions between structural reform and macro policy. If structural reforms increase the flexibility of labor markets, they are likely to improve the short-run inflation-unemployment tradeoff, providing an incentive for policymakers to expand aggregate demand....
Persistent link: https://www.econbiz.de/10012473095
When a stabilization has significant distributional implications (as in the case of tax increases to eliminate a large budget deficit) different socio-economic groups will attempt to shift the burden of stabilization onto other groups. The process leading to a stabilization becomes a "war of...
Persistent link: https://www.econbiz.de/10012475993
This essay offers an economic-history perspective of the long struggle towards macroeconomic stability. The paper is a broad analytical overview of major exogenous shocks and shifts in macroeconomic policy and institutions in Israel since the 1977-1985 great inflation through the global...
Persistent link: https://www.econbiz.de/10012479766
There is a new and now extensive literature analyzing government policies for financial stability based on models with endogenous borrowing constraints. These normative analyses often build upon the concept of constrained efficient allocation, where the social planner is constrained by the same...
Persistent link: https://www.econbiz.de/10012480341
We study a new consumption stimulus model that leverages mobile payment platforms to dispense massive amounts of small-value, use-it-this-week-or-lose-it digital coupons. We evaluate the effects of one such program in a large Chinese city using novel data of mobile platform transactions of 1...
Persistent link: https://www.econbiz.de/10012481450