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Adding space to the international business cycle

Abate, Girum Dagnachew; Servén, Luis - 2019

Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global … countries. This paper brings these two perspectives together by analyzing international growth fluctuations in a setting that … that the cross-country dependence of aggregate growth is the combined result of global shocks summarized by a latent common …

Persistent link: https://www.econbiz.de/10012008277

Optimal devaluations

Hevia, Constantino; Nicolini, Juan Pablo - 2009

"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable...

Persistent link: https://www.econbiz.de/10003833504

Characterizing business cycles in small economies

Hnatkovska, Viktoria; Köhler-Geib, Friederike - 2018

This paper aims to document a set of stylized facts characterizing business cycle dynamics in smaller economies. The paper uses a large sample of countries spanning 1960-2014 to show that country size is a significant factor affecting countries' volatility, comovement with gross domestic product...

Persistent link: https://www.econbiz.de/10011903024

Sources of manufacturing productivity growth in Africa

Jones, Patricia; Lartey, Emmanuel; Mengistae, Taye; … - 2019

This paper investigates the sources of growth in manufacturing productivity in Cote D'Ivoire, Ethiopia and Tanzania in … reallocation of market share between firms contributed substantially to productivity growth in each of the four countries, although … impact on aggregate productivity growth than closing (or exiting) plants. Unlike the case with Cote D'Ivoire and of Ethiopia …

Persistent link: https://www.econbiz.de/10012114087

Inflation in nontradables and the macroeconomic policy mix : a model with policy application to transition economies

Poláčkova Brixi, Hana - 1997

Persistent link: https://www.econbiz.de/10000957931

Privatization, public investment, and capital income taxation

Huizinga, Harry; Nielsen, Søren Bo - 1997

Persistent link: https://www.econbiz.de/10000959285

Modeling services liberalization : the case of Tanzania

Jensen, Jesper (contributor); … - 2008

"This paper employs a 52-sector, small, open-economy computable general equilibrium model of the Tanzanian economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Tanzania. The model incorporates productivity effects in...