This paper attempts to throw light upon the influence macroeconomic policies have on structural change and microeconomic behaviour. We compare the cases of Chile and Brazil, on the one hand, and Argentina on the other, as these countries opted for different macroeconomic policy regimes. Whereas...

How do economic crisis a§ect national-level policy choices? Are technocratic advisors more likely to enter government during periods of severe economic volatility? If so, how does such governance a§ect economic policymaking and social responsiveness? In this paper, I evaluate the role of...

The Russian economy has recovered from the 2008—2009 crisis and is now running close to its potential. While demand pressures risk overheating the economy in the short run, medium-term growth prospects are constrained. To address these challenges Russia should continue to strengthen the...

The global economic recovery is on course but remains weak. Many analysts and policymakers - including those from emerging markets - have recently called for international cooperation in the setting of macroeconomic policies. A global growth target has been adopted by the G20 to aid such...

In October 2008 the main Hungarian public finance actors: the government, the National Bank of Hungary (MNB) and experts cited the high public debt and volume of unsecured foreign-currency loans as the main reasons for the economy’s vulnerability. On the other hand according to the formal...

Is the SARB’s inflation target of 3-6% compatible with the 6% economic growth objective set by ASGISA? Estimations of inflation-growth bivariate Threshold Vector Autoregressive with corresponding bivariate Threshold Vector Error Correction (BTVEC-BTVAR) econometric models for sub-periods...

The present crisis has prompted lively debate on the limitations and responsibilities of the economic theory that has held sway over the last few decades. Essentially, it is the virtually blind faith in the markets’ self-regulating capacities that is now under fire. Deriving from this...

This paper reviews recent economic policy debates about the relationship between growth, poverty and inequality. These debates have tended to focus on whether market-led growth is sufficient to eliminate poverty and reduce inequality, or whether specific policies are necessary because untargeted...

This paper argues that large external imbalances pose signifi?cant macroeconomic risks for New Zealand. While New Zealand has coped well in recent years, the global fi?nancial crisis has underlined the vulnerability of defi?cit countries to fi?nancial shocks. New Zealand can draw important...

Faculty of Economics, Chiang Mai University has developed its own computable general equilibrium model (CGE). This paper will reveal the settings of the so called “KS-CGE Model V2012 TypeIII”. It will also introduce the scope and limit of applications that the model can provide.