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India's Macroeconomic Performance and Policies since 2000

Acharya, Shankar - 2008

The paper reviews India's macroeconomic performance and policies since 2000. The first section briefly summarizes key … to deal with the challenge of the unprecedented surge in external capital inflows into India. The final section outlines … India in macroeconomic policy and coping with a weak international economic environment. …

Persistent link: https://www.econbiz.de/10011807631

Monetary policy in transition: Essays on monetary policy transmission mechanism in China

Koivu, Tuuli - 2012

China's economic development has been exceptionally robust since the end of the 1970s, and the country has already emerged as the second biggest economy in the world. In this study, we seek to illuminate the role of the monetary policy in this successful economic performance and as a part of the...

Persistent link: https://www.econbiz.de/10012148910

Fiscal, monetary, and financial interactions in dynamic general equilibrium

Strulik, Holger - 2008

This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...

Persistent link: https://www.econbiz.de/10010265686

What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?

Heston, Alan - 2008

Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in … China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank … currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the …

Persistent link: https://www.econbiz.de/10011807635

Exchange Rate Policies: Fact or Fiction in the Rise of High Performance Asian Economies

Subaşat, Turan - 2008

Many economists believe that the nature of exchange rate management was an important reason for rapid economic growth in East Asia. In this view, Asian countries avoided extreme exchange rate appreciations and kept their nominal exchange rates close to market clearing levels. In contrast, the...

Persistent link: https://www.econbiz.de/10011807188

Managing global financial flows at the cost of national autonomy: China and India

Sen, Sunanda - 2012

Persistent link: https://www.econbiz.de/10010318671

Monetary and Fiscal Policy in a Large Asymmetric Monetary Union - A Dynamic Three-Country Analysis

Clausen, Volker; Wohltmann, Hans-Werner - 2005

This paper analyzes the dynamic effects of anticipated monetary and fiscal policies in a large monetary union, which is characterized by asymmetric interest rate transmission. We explicitly solve the asymmetric three-country model using the decomposition methods of Aoki (1981) and Fukuda (1993)....

Persistent link: https://www.econbiz.de/10010296252

Dynamische Effekte der Geld-und Fiskalpolitik in einem asymmetrischen Drei-Länder-Modell mit einer Währungsunion

Wohltmann, Hans-Werner - 2005

In diesem Beitrag werden die intertemporalen Wirkungen von antizipierten geld- und fiskalpolitischen Maßnahmen im Rahmen eines asymmetrischen Drei-Länder-Modells vom Mundell-Fleming-Phillips-Typ mit rationalen Preis- und Wechselkursänderungserwartungen charakterisiert. Zwei der drei großen...

Persistent link: https://www.econbiz.de/10010296253

Monetary and Fiscal Policy Interactions in the Euro Area

Carlberg, Michael - 2004

This paper studies the interactions between monetary and fiscal policies in the euro area. The focus is on the union central bank, the German government, and the French government. The policy targets are price stability in the union, full employment in Germany, and full employment in France. The...

Persistent link: https://www.econbiz.de/10010296372

Monetary and Fiscal Policy Interaction in the Euro Area with different assumptions on the Phillips curve

Bofinger, Peter; Mayer, Eric - 2004

In this paper we carry over a static version of a New Keynesian Macro Model to a monetary union. For a similar approach see Uhlig (2002). We will show in particular that a harmonious functioning of a monetary union critically depends on the correlation structure of shocks that hit the currency...

Persistent link: https://www.econbiz.de/10010296376

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