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On the Static and Dynamic Costs of Trade Restrictions
Marrewijk, Charles Van; Berden, Koen - Centre for International Economic Studies, School of … - 2004
We analyze the costs of trade restrictions for a small developing economy. Capital goods are only introduced on the market if it is profitable to do so. The economy evolves to a balanced growth path in which income, welfare, and the share of introduced capital goods increase if trade...
Persistent link: https://www.econbiz.de/10008740109
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On the Static and Dynamic Costs of Trade Restrictions
Marrewijk, Charles van; Berden, Koen - School of Economics, University of Adelaide - 2004
We analyze the costs of trade restrictions for a small developing economy. Capital goods are only introduced on the market if it is profitable to do so. The economy evolves to a balanced growth path in which income, welfare, and the share of introduced capital goods increase if trade...
Persistent link: https://www.econbiz.de/10008552947
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Gains and losses. The same or different choices?
Harin, Alexander - EconWPA - 2005
Arrangements (agreements, contracts, projects, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years...
Persistent link: https://www.econbiz.de/10005125490
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The Scorecard on Development, 1960-2010: Closing the Gap?
Weisbrot, Mark; Ray, Rebecca - Center for Economic and Policy Research (CEPR) - 2011
This paper is the third installment in a series (the first and second editions were in 2001 and 2005) that traces a long-term growth failure in most of the world's countries.
Persistent link: https://www.econbiz.de/10009003121
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Basic Exchange Rate Theories
van Marrewijk, Charles - 2005
This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...
Persistent link: https://www.econbiz.de/10010325398
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Does EMU Require CMU?
Schaaf, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 21-39
Every initiative that potentially increases the effectiveness of monetary policy is welcome. The European Union's Capital Markets Union (CMU) project is potentially a point in case, even though monetary policy is not a policy target of CMU. Increasingly developed capital markets in the EU are...
Persistent link: https://www.econbiz.de/10012054625
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Changing fortunes: Long-termism - G-Zero, artificial intelligence and debt
Poloz, Stephen S. - 2019
previous three industrial revolutions, developing a template of shared characteristics: new technology displaces workers …; investor hype linked to the new technology leads to financial excesses; new types of jobs are created; productivity and … burden of adjustment on those workers directly affected by the new technology, while macroprudential policies help check …
Persistent link: https://www.econbiz.de/10012388832
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Building a model for financial management of digital technologies in the areas of combinatorial effects
Zaytsev, Andrey A.; Blizkyi, Roman S.; Rakhmeeva, Irina I. - In: Economies 9 (2021) 2, pp. 1-15
cyclical development of the economy. The paper presents the authors' definition of the concept "digital space," which is new to … digital technology financing. The obtained theoretical and empirical results are desirable for the heads of government … agencies, foundations, corporations, and development agencies, as well as enterprises interested in accelerating digital …
Persistent link: https://www.econbiz.de/10013199790
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2020 US neutral rate assessment
Bootsma, James; Carter, Thomas J.; Chen, Xin Scott; … - 2020
This paper presents Bank of Canada staff's current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent. This represents a decline of...
Persistent link: https://www.econbiz.de/10012619163
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Indian economy: Selected methodological advances
Joseph, Mathew; Singh, Karan; Dash, Ranjan Kumar; … - 2011
This paper develops tools to examine selected major issues in the Indian economy. The study computes the potential growth rate of the economy and the agricultural sector, extends the analysis of the fiscal stimulus and its effects, and estimates the short and long run elasticities of India's...
Persistent link: https://www.econbiz.de/10011807659