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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

Recovery of 1933

Jacobson, Margaret M. - 2019

When Roosevelt abandoned the gold standard in April 1933, he converted what had been effectively real government debt into nominal government debt to open the door to unbacked fiscal expansion. We argue that he followed a state-contingent fiscal rule that ran nominal-debt-financed primary...

Persistent link: https://www.econbiz.de/10012479581

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

Big Business Stability and Economic Growth : Is What's Good for General Motors Good for America?

Fogel, Kathy - 2006

What is good for big business need not generally advance a country's overall economy. Big business turnover correlates with rising income, productivity, and (in high income countries) faster capital accumulation; consistent with Schumpeter's (1912) creative destruction and recent formalizations...

Persistent link: https://www.econbiz.de/10012466271

The Time Varying Volatility of Macroeconomic Fluctuations

Justiniano, Alejandro - 2006

In this paper we investigate the sources of the important shifts in the volatility of U.S. macroeconomic variables in the postwar period. To this end, we propose the estimation of DSGE models allowing for time variation in the volatility of the structural innovations. We apply our estimation...

Persistent link: https://www.econbiz.de/10012466647

High Performing Asian Economies

Fogel, Robert W. - 2004

To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth. In 1950 even the most prosperous of these countries had a per capita income less than 25 percent of that of the United States. Between the mid-1960s and the end of the...

Persistent link: https://www.econbiz.de/10012467938

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

AIDS, "Reversal" of the Demographic Transition and Economic Development : Evidence from Africa

Kalemli-Ozcan, Sebnem - 2006

Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985 …-sectional variation suggest a positive significant effect of HIV/AIDS on fertility, whereas within estimates that are identified of off … time-series variation show both positive and negative results depending on the HIV/AIDS variable used. These within …

Persistent link: https://www.econbiz.de/10012466487

Does the AIDS Epidemic Really Threaten Economic Growth?

Bloom, David E. - 1995

This study examines the claim that the AIDS epidemic will slow the pace of economic growth. We do this by examining the … prevalence of AIDS and the rate of growth of GDP per capita. Our analysis uses well- established empirical growth models to … control for a variety of factors possibly correlated with AIDS prevalence that might also influence growth. We also account …

Persistent link: https://www.econbiz.de/10012473734

The US Economic Model at Y2K : Lodestar for Advanced Capitalism?

Freeman, Richard B. - 2000

The 1990s economic performance of the US suggests that the country may have the right mix of institutions and policies to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status and examines whether the US fulfills these criterion. The...

Persistent link: https://www.econbiz.de/10012470993

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