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This book, edited by J.B. Zulu, Ian S. McCarthy, Susana Almuiña, and Gabriel Sensenbrenner, presents the proceedings of the special Joint Meetings on Central Banking Technical Assistance held in St. Petersburg, Russia in 1994, and provides detailed information on important issues in central...
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economy out of the poverty trap. Moreover, if the central bank is independent, the poverty trap is removed independently of …
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Chapter 1. Introduction -- Chapter 2. Are Current Policies on Track to Eliminate Poverty? -- Chapter 3. How Mainstream … people’s living conditions in the long term. According to dominant economic theory, markets are the essential engines of … growth and poverty reduction in developing countries. However, the track record so far is disappointing. On the other hand …
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We introduce subsistence requirements in food consumption into a simple new-Keynesianmodel with flexible food and sticky non-food prices. We study how the endogenous structuraltransformation that results from subsistence affects the dynamics of the economy, the design ofmonetary policy, and the...
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