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This paper reviews Chilean stabilization policy during the 1990s andargues that, while the merits of Chilean policy should be praised, there are fourpuzzles in conventional interpretations of the Chilean experience worth studying.First, the policy of targeting indexed interest rates does not...
Persistent link: https://www.econbiz.de/10009450769
natürliche Experimente ausgewertet, die sich aus Reformen der Alterssicherungssysteme in Deutschland und der Schweiz ergeben …
Persistent link: https://www.econbiz.de/10009451168
kausale Beziehung zwischen ausländischen Direktinvestitionen (DI) und Wirtschaftswachstum in 6 lateinamerikanischen Ländern … aufgeworfen, wie die Interaktion zwischen DI und inländischem Wirtschaftswachstum zu sehen ist. Auch wenn in der theoretischen als … auch empirischen Literatur signifikante Belege für eine Verbindung zwischen DI und Wirtschaftswachstum zu finden sind, so …
Persistent link: https://www.econbiz.de/10009476170
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We consider a multi-sector overlapping generations model with oligopolistic firms in the output markets and wage-setting trade unions in the labour markets. A coordination problem between firms creates multiple temporary equilibria which are either Walrasian or of the Keynesian unemployment...
Persistent link: https://www.econbiz.de/10009471636
Within a macroeconomic disequilibrium model it turns out that stationary and simple adaptive policies are not capable of stabilizing efficient steady states and lead to periodic or irregular fluctuations for large sets of policy parameters. The application of recent control methods for chaotic...
Persistent link: https://www.econbiz.de/10009471677
relevance of TRQs and discusses how the various methods TRQ administration methods influence market access in Switzerland for … agricultural products from developing countries. The findings show that existing TRQ management in Switzerland is complicated and …
Persistent link: https://www.econbiz.de/10009443356
Economic Dynamics 5(1), 1-18] that Switzerland and New Zealand experienced "great depressions" in the last two decades. We … and Switzerland turns out to be largely a statistical artefact and Kehoe and Prescott's conditions for a "great depression …
Persistent link: https://www.econbiz.de/10009448758