Showing 1 - 10 of 208
This paper examines the countercyclical policy options available to Latin American countries in the face of the current global economic crisis, concluding that most of the major countries in the region appear to possess the fiscal space (as measured by credible fiscal sustainability and debt...
Persistent link: https://www.econbiz.de/10010278289
Prüfstand ihrer internationalen Wettbewerbsfähigkeit. Das nennen wir Systemwettbewerb. Nationale Wirtschaftspolitik muß sich … zwingen. -- Wirtschaftspolitik unterliegt im Systemwettbewerb folglich schärferen externen Restriktionen und entmachtet die … diesem Band publiziert werden. Es liegt in der Natur der Sache, daß unter der Generalüberschrift 'Wirtschaftspolitik im …
Persistent link: https://www.econbiz.de/10014492464
Haushalte sowie in der Frage nach Exit-Strategien aus einer Wirtschaftspolitik, die an der Krise ansetzt. Dazu kommt, neben …
Persistent link: https://www.econbiz.de/10014492548
We examine the sources of macroeconomic economic fluctuations by estimating a variety of medium-scale DSGE models within a unified framework that incorporates regime switching both in shock variances and in the inflation target. Our general framework includes a number of different model features...
Persistent link: https://www.econbiz.de/10010292241
We show that empirical results concerning the behavior of floating exchange rates differ between otherwise identical cointegrated and non-cointegrated VAR models. In particular, virtually all ten-year movements in nominal exchange rates are due to fundamental supply and demand shocks when long...
Persistent link: https://www.econbiz.de/10010321604
This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...
Persistent link: https://www.econbiz.de/10010321739
This paper was prepared for the 1998 IDB/IIC Annual Meeting entitled: The Employment in Latin America: What is the Problem and Should it be Addressed? held in Cartagena, Colombia in March 1998. Despite macroeconomic stabilization and structural reforms, employment problems have persisted in...
Persistent link: https://www.econbiz.de/10010326961
With its dilatory and piecemeal fiscal activism and uncharacteristic reluctance toward IMF assistance, the Turkish government's response to the global economic crisis of 2008-2009 sharply contrasted the bold approaches adopted by other major emerging market countries. Underlying this policy...
Persistent link: https://www.econbiz.de/10010273655
Persistent link: https://www.econbiz.de/10014492638