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The decline of the exchange rate pass-through in Brazil: Explaining the "fear of floating"
Schönerwald da Silva, Carlos Eduardo; Vernengo, Matías - 2008
This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …
Persistent link: https://www.econbiz.de/10010288059
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Disinflations in Latin America and the Caribbean: A free lunch?
Hofstetter, Marc - 2004
-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …
Persistent link: https://www.econbiz.de/10010293509
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Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing,and Macroeconomic Instability
Benhabib, Jess; Schmitt-Grohé, Stephanie; Uribe, Martín - 2003
linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …
Persistent link: https://www.econbiz.de/10010263206
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Counting gigs: How can we measure the scale of online platform work?
Piasna, Agnieszka - 2020
The potential transformation of labour markets by the emergence of online labour platforms has triggered an intense academic, media and policy debate, but its true scale remains speculation. Nevertheless, adequate policy responses hinge on a good understanding of dynamics - something that will...
Persistent link: https://www.econbiz.de/10014565869
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Phasing out coal: A just transition approach
Galgóczi, Béla - 2019
The clock is ticking and time is running short for us to have a realistic chance to get climate change under control and prevent it becoming irreversible and selfsustaining. Phasing out coal is widely seen as a 'low hanging fruit' of climate policy commitments in the move towards a net zero...
Persistent link: https://www.econbiz.de/10014565937
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The Two Waves of Service-Sector Growth
Eichengreen, Barry; Gupta, Poonam - 2009
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10011807641
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Has India emerged? Business cycle stylized facts from a transitioning economy
Ghate, Chetan; Pandey, Radhika; Patnaik, Ila - 2012
This paper presents a comprehensive set of stylised facts for business cycles in India from 1950-2010. We show that most macroeconomic variables are less volatile in the post reform period, even though the volatility of macroeconomic variables is still high and similar to other emerging market...
Persistent link: https://www.econbiz.de/10011807666
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Structural change and the Kaldor facts in a growth model with relative price and non-Gorman preferences
Boppart, Timo - 2011
Growth of per-capita income is associated with (i) significant shifts in the sectoral economic structure, (ii) systematic changes in relative prices and (iii) the Kaldor facts. Moreover, (iv) cross-sectional data shows systematic expenditure structure difference between rich and poor households....
Persistent link: https://www.econbiz.de/10010316847
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Multivariate methods for monitoring structural change
Groen, Jan J. J.; Kapetanios, George; Price, Simon - 2010
Detection of structural change is a critical empirical activity, but continuous 'monitoring' of series, for structural changes in real time, raises well-known econometric issues that have been explored in a single series context. If multiple series co-break then it is possible that simultaneous...
Persistent link: https://www.econbiz.de/10010286276
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Structural change and growth in India
Cortuk, Orcan; Singh, Nirvikar - 2010
This paper examines the link between structural change and growth in India. It constructs indices of structural change, and performs a time series analysis of the data. It finds that 1988 marks a break in the time series of growth and structural change. There is one-way causality from structural...
Persistent link: https://www.econbiz.de/10010287747