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The Employment Problem in Latin America: Perceptions and Stylized Facts
Lora, Eduardo; Márquez, Gustavo - 1998
, presents the perceptions of Latin American citizens and employers concerning the employment problem. It compares them to the …
Persistent link: https://www.econbiz.de/10010326968
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Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-9, and a cost benefit analysis
Aizenman, Joshua - 2010
In this paper we outline a Pigovian tax-cum-subsidy scheme that deals with concerns about the costs and efficacy of hoarding international reserves (IR) as a means of self-insurance against a deleveraging crisis. We overview the degree to which IR provided self-insurance to Emerging Markets...
Persistent link: https://www.econbiz.de/10010287764
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Trade and Employment: Evidence from Latin America and the Caribbean
Pagés-Serra, Carmen; Márquez, Gustavo - 1998
This paper examines the impact of the recent wave of trade liberalization and economic reform on employment. Four … manufacturing and economy-wide employment. Across a wide range of specifications, trade reforms have had a negative, albeit small …, effect on employment growth. This effect has been reinforced by real exchange rate appreciation. …
Persistent link: https://www.econbiz.de/10010326980
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Current account patterns and national real estate markets
Aizenman, Joshua; Jinjarak, Yothin - 2008
This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...
Persistent link: https://www.econbiz.de/10010285300
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Fiscal fragility: what the past may say about the future
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the increase in stock of public debt/GDP induced by the global recession, to include the perspective that the sustainability of a given public debt/GDP depends on...
Persistent link: https://www.econbiz.de/10010287758
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Managing financial integration and capital mobility: Policy lessons from the past two decades
Aizenman, Joshua; Pinto, Brian - 2011
The accumulated experience of emerging markets over the last two decades has laid bare the tenuous links between external financial integration and faster growth on the one hand and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without...
Persistent link: https://www.econbiz.de/10010287769
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Managing financial integration and capital mobility: Policy lessons from the past two decades
Aizenman, Joshua; Pinto, Brian - 2011
The accumulated experience of emerging markets over the last two decades has laid bare the tenuous links between external financial integration and faster growth on the one hand and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without...
Persistent link: https://www.econbiz.de/10010288154
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Net fiscal stimulus during the great recession
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2011
This paper studies the patterns of fiscal stimuli in the OECD countries propagated by the global crisis. Overall, we find that the USA net fiscal stimulus was modest relative to peers, despite it being the epicenter of the crisis, and having access to relatively cheap funding of its twin...
Persistent link: https://www.econbiz.de/10010288157
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Fiscal fragility: What the past says about the future
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...
Persistent link: https://www.econbiz.de/10010288164
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El desempleo en América Latina y el Caribe a mediados de los años 90
Márquez, Gustavo - 1998
El desempleo es uno de los fenómenos más temidos de nuestros tiempos. Pocos fenómenos económicos son reportados tan amplia y sistemáticamente por la prensa, y menos aún generan tal nivel de debate en la opinión pública. Hay razones para este nivel de interés. Los costos económicos de...
Persistent link: https://www.econbiz.de/10010326945