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Persistence of Dollarization after Price Stabilization

Rappoport, Veronica - 2011

economies succeeded in controlling inflation. This paper proposes a new interpretation of this apparent puzzle based on the …

Persistent link: https://www.econbiz.de/10013119185

Can foreign aid accelerate stabilization?

Casella, Alessandra; Eichengreen, Barry - 1994

Persistent link: https://www.econbiz.de/10013421951

Inflation Stabilization and Bop Crises in Developing Countries

Calvo, Guillermo A.; Vegh, Carlos A. - 2021

High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing … countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly … to inflation stabilization policies and balance of payment crises in developing countries …

Persistent link: https://www.econbiz.de/10013224932

Trade Reforms, Credibility, and Development

Aizenman, Joshua - 2021

This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of uncertain credibility. We consider an economy producing exportable and importable goods. The economy is liberalized, and tariffs are eliminated. The public views the reform...

Persistent link: https://www.econbiz.de/10013229815

Can Foreign Aid Accelerate Stabilization?

Casella, Alessandra; Eichengreen, Barry - 2021

This paper studies the effect of foreign aid on economic stabilization. Following Alesina and Drazen (1991), we model the delay in stabilizing as the result of a distributional struggle: reforms are postponed because they are costly and each distributional faction hopes to reduce its share of...

Persistent link: https://www.econbiz.de/10013230597

Stabilization, debt, and reform : policy analysis for developing countries

Dornbusch, Rudiger - 1993 - 1. publ.

Persistent link: https://www.econbiz.de/10013530408

Inflation Stabilization and Bop Crises in Developing Countries

Calvo, Guillermo A.; Vegh, Carlos A. - 1999

High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing … countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly … the key issues involved. This paper undertakes a critical review and evaluation of the literature related to inflation …

Persistent link: https://www.econbiz.de/10014056345

Fiscal Policy as a Tool for Stabilization in Developing Countries

Kraay, Aart; Serven, Luis - 2013

The financial crisis of 2007/2008, the subsequent great recession in rich countries and its propagation to developing countries has sparked a renewed interest in the role of fiscal policy as a potential countercyclical tool among policymakers and researchers. This paper reviews the state of...

Persistent link: https://www.econbiz.de/10012560402

Exchange rates as nominal anchors

Edwards, Sebastian - In: Weltwirtschaftliches Archiv : Zeitschrift des Instituts … 129 (1993) 1, pp. 1-32

Persistent link: https://www.econbiz.de/10001142176

Stabilisierung durch feste Wechselkurse: Fehlschlag in Entwicklungsländern - Erfolgsrezept für Osteuropa?

Schweickert, Rainer; Nunnenkamp, Peter; Hiemenz, Ulrich - 1992

Stabilisierungsprogramme scheitern häufig an der fehlenden Glaubwürdigkeit der Regierungspolitik im In- und Ausland. Deshalb wird für Osteuropa eine Fixierung des nominalen Wechselkurses als Patentrezept empfohlen. Dieser Vorschlag hält einer genaueren theoretischen und empirischen Analyse...

Persistent link: https://www.econbiz.de/10000081548