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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
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The Struggle Towards Macroeconomic Stability : Analytical Essay
Razin, Assaf - 2019
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
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Growing Up in a Recession : Beliefs and the Macroeconomy
Giuliano, Paola - 2009
Does the historical macroeconomic environment affect preferences for redistribution? We find that individuals who experienced a recession when young believe that success in life depends more on luck than effort, support more government redistribution, and tend to vote for left-wing parties. The...
Persistent link: https://www.econbiz.de/10012463329
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Confidence, Crashes and Animal Spirits
Farmer, Roger E.A. - 2009
This paper presents a model of the macroeconomy that reformulates what I take to be two important ideas from Keynes General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs select an equilibrium. I argue that search and matching...
Persistent link: https://www.econbiz.de/10012463802
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Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile
Calvo, Guillermo A. - 2005
This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...
Persistent link: https://www.econbiz.de/10012467532
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Political Economy in a Changing World
Acemoglu, Daron - 2013
We provide a general framework for the analysis of the dynamics of institutional change (e.g., democratization, extension of political rights or repression of different groups), and how these dynamics interact with (anticipated and unanticipated) changes in the distribution of political power...
Persistent link: https://www.econbiz.de/10012459504
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Quid Pro Quo, Knowledge Spillover, and Industrial Quality Upgrading : Evidence from the Chinese Auto Industry
Bai, Jie - 2020
While there is a vast body of research on the benefits of FDI in developing countries, whether and how the form of FDI matters have received limited attention. In this paper, we study the impact of FDI via quid pro quo (technology for market access) on facilitating knowledge spillover and...
Persistent link: https://www.econbiz.de/10012481192
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"Quick Response" Economic Stimulus : The Effect of Small-Value Digital Coupons on Spending
Xing, Jianwei - 2020
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
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Has China's Growth Gone From Miracle to Malady?
Prasad, Eswar S. - National Bureau of Economic Research - 2023
China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …
Persistent link: https://www.econbiz.de/10014250169
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China's Macroeconomic Development : The Role of Gradualist Reforms
Chen, Kaiji; Zha, Tao - National Bureau of Economic Research - 2023
This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the … gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high … illustrates how China's gradual policy reforms, amidst highly imperfect financial markets, have effectively helped spur GDP growth …
Persistent link: https://www.econbiz.de/10014322782