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Project Appraisal and Foreign Exchange Constraints : A Simple Exposition
Blitzer, Charles R. - 1987
In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...
Persistent link: https://www.econbiz.de/10012476904
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Project Appraisal and Foreign Exchange Constraints : a Simple Exposition
Blitzer, Charles R.; Dasgupta, Partha; Stiglitz, Joseph E. - 2021
In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...
Persistent link: https://www.econbiz.de/10013225416
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Can the euro be saved? : an analysis of the future of the currency union
Stiglitz, Joseph E. - In: Rivista di politica economica 103 (2014) 7/9, pp. 7-42
Persistent link: https://www.econbiz.de/10010434176
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The euro : how a common currency threatens the future of Europe
Stiglitz, Joseph E. - 2016 - First edition
Persistent link: https://www.econbiz.de/10012632192
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On the almost neutrality of inflation : notes on taxation and the welfare costs of inflation
Stiglitz, Joseph E. - 1980
Persistent link: https://www.econbiz.de/10009573655
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Macroeconomic fluctuations in an economy of Phelps-Winter markets
Greenwald, Bruce C. N.; Stiglitz, Joseph E. - In: Knowledge, information, and expectations in modern …, (pp. 123-136). 2003
Persistent link: https://www.econbiz.de/10001747067
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On the Almost Neutrality of Inflation : Notes on Taxation and the Welfare Costs of Inflation
Stiglitz, Joseph E. - 1980
In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a … competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax … States). However, unanticipated inflation may have significant effects …
Persistent link: https://www.econbiz.de/10012478637
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On the Almost Neutrality of Inflation : Notes on Taxation and the Welfare Costs of Inflation
Stiglitz, Joseph E. - 2021
In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a … competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax … States). However, unanticipated inflation may have significant effects …
Persistent link: https://www.econbiz.de/10013228048
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Net Worth, Exchange Rates, and Monetary Policy : The Effects of a Devaluation in a Financially Fragile Environment
Delli Gatti, Domenico - 2010
In this paper we propose an Open Economy Financial Accelerator model along the lines of Greenwald-Stiglitz (1993) close in spirit but different in many respects from the one proposed by Greenwald (1998.) The first goal of the paper is to provide a taxonomy of the effects of a devaluation in this...
Persistent link: https://www.econbiz.de/10012759952
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Net Worth, Exchange Rates, and Monetary Policy : The Effects of a Devaluation in a Financially Fragile Environment
Gatti, Domenico Delli - 2007
In this paper we propose an Open Economy Financial Accelerator model along the lines of Greenwald-Stiglitz (1993) close in spirit but different in many respects from the one proposed by Greenwald (1998.) The first goal of the paper is to provide a taxonomy of the effects of a devaluation in this...
Persistent link: https://www.econbiz.de/10012465409