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Transition dynamics in vintage capital models: explaining the postwar catch-up of Germany and Japan
Gilchrist, Simon; Williams, John C. - Federal Reserve Bank of San Francisco - 2004
-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …
Persistent link: https://www.econbiz.de/10010702133
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Transition dynamics in vintage capital models: explaining the postwar catch-up of Germany and Japan
Gilchrist, Simon; Williams, John C. - Federal Reserve Bank of San Francisco - 2004
-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …
Persistent link: https://www.econbiz.de/10005401537
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Putty-putty, two sector, vintage capital growth models
Berger, Brett D. - Federal Reserve Board (Board of Governors of the … - 2001
Most growth models assume capital is homogeneous with regard to technology. This contradicts intuition and empirical … evidence that the majority of technology is embodied in the capital stock. Berger (2001) showed that neoclassical vintage … capital (embodied technology) and non-vintage capital (disembodied technology) models have different convergence rates …
Persistent link: https://www.econbiz.de/10005498905
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Measuring the rate of technological progress in structures
Gort, Michael; Greenwood, Jeremy; Rupert, Peter - Federal Reserve Bank of Cleveland - 1998
An effort to measure technological progress in structures by using panel data on the age and rents of buildings in a vintage capital model, where buildings are replaced at some chosen periodicity. It finds that there has been significant technological advance in structures, which accounts for a...
Persistent link: https://www.econbiz.de/10005428395
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Banking and commerce: the Japanese case
Kim, Sun Bae - In: FRBSF Economic Letter (1991)
Persistent link: https://www.econbiz.de/10005346302
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On Japanese economic growth
Bronfenbrenner, Martin - In: Economic Review (1979) Sum, pp. 7-17
Persistent link: https://www.econbiz.de/10005352340
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Currency Convertibility and the Transformation of Centrally Planned Economies
Greene, Joshua E.; Isard, Peter - International Monetary Fund (IMF) - 1991
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
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U.S. Fiscal Policies and Priorities for Long-Run Sustainability
Mühleisen, Martin; Towe, Christopher M. - International Monetary Fund (IMF) - 2004
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
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Russian Federation; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper for the Russian Federation reviews trends in private capital flows to Russia by decomposing the flows into its subcomponents. Russia became a net lender to the international banking system, as a complement to the prolonged period of large current account surpluses. The...
Persistent link: https://www.econbiz.de/10005825143
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Budget Rigidity and Expenditure Efficiency in Slovenia
Mattina, Todd D.; Gunnarsson, Victoria - International Monetary Fund (IMF) - 2007
This paper assesses the relative efficiency and flexibility of public spending in Slovenia compared to the advanced and new EU member states. Spending on health care, education, and social protection is relatively high in Slovenia without achieving correspondingly better outcomes. Inefficiencies...
Persistent link: https://www.econbiz.de/10005826042