Similar Search Results

Services Growth : Productivity, Formalization, Redistribution or Exports? A Developing Economy, Segmented Markets Model

Balakumar, Suganya; Thakurata, Indrajit - 2021

durables as capital) as inputs for internationally traded high-end services and monitors the impact of productivity shocks, and … that formalization of an economy and manufacturing’s productivity improvement have the largest impact on services’ growth … and informal sector’s capital formation. Similarly, redistribution of incomes from the formal to informal households or …

Persistent link: https://www.econbiz.de/10013312961

Economic Adjustment and Growth in Small Developing Countries

Worrell, DeLisle - 2019

This chapter explores the tools available to policy-makers in small developing countries, to ensure balance in the short run and growth in the long run. Our point of departure is the "Washington consensus", including policies for fiscal reform, exchange rate adjustment, trade liberalization,...

Persistent link: https://www.econbiz.de/10012869699

Macroeconomics and Small Developing Economies : A Policy-Maker's Perspective

Worrell, DeLisle - 2019

This chapter draws inferences from the recent literature on open-economy macroeconomics about policies to achieve sustainable economic growth with stable external account balances and low inflation in small developing economies

Persistent link: https://www.econbiz.de/10012869703

Trend growth and learning about monetary policy rules in a two-block world economy

Schaling, Eric; Tesfaselassie, Mewael F. - 2013

Available evidence supports the view that growth is faster in more open economies. In order to analyze the implications of openness and growth on determinacy and learnability of worldwide rational expectations equilibria we develop a two-country New Keynesian model with growth. We analyze these...

Persistent link: https://www.econbiz.de/10009696036

Policies for Stabilization and Growth in Small Very Open Economies

Worrell, DeLisle - 2012

Small very open economies are different from large economies, in that they face a foreign exchange constraint that cannot be alleviated by depreciation of the real exchange rate or other policy. This constraint affects monetary, fiscal and exchange rate policy; fiscal sustainability and debt...

Persistent link: https://www.econbiz.de/10013097358

Technical Efficiency of Large Bank Production in Asia and the Pacific

Sathye, Milind - 2016

This study investigates the efficiency of large commercial banks in Asia and the Pacific region. In particular, the overall technical efficiency, pure technical efficiency and scale efficiency has been estimated, the factors (including, the environmental factors) that influence efficiency of...

Persistent link: https://www.econbiz.de/10013004387

Should Monetary Policy Be Forward-Looking? Evidence From a Developing Economy

Yasin, Awaid - 2020

This paper has investigated the effectiveness of a forecast-based monetary policy for macroeconomic stabilization in a developing country, namely Pakistan. Using a simple New-Keynesian model and a forecast-augmented structural VAR (identified via three different strategies), we have studied the...

Persistent link: https://www.econbiz.de/10012827746

Monetary Policies for Developing Countries : The Role of Corruption

Huang, Haizhou; Wei, Shang-Jin - 2021

This paper examines the role of corruption in the design of monetary policies for developing countries in a framework of fiscal and monetary interaction and obtains several interesting results. First, pegged exchange rates, currency boards, or dollarization, while often prescribed as a solution...

Persistent link: https://www.econbiz.de/10013317799

Power of many : assessing the economic impact of the global fiscal stimulus

De Resende, Carlos; Lalonde, René; Snudden, Stephen - 2010

The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and...

Persistent link: https://www.econbiz.de/10003933262

European monetary union : nominal convergence, real divergence and slow growth? ; an investigation into the effects of changing macroeconomic policy institutions associated with mo...

Hein, Eckhard; Truger, Achim - 2002

It is by now widely accepted that the structural characteristics of the countries to become the euro area did not adhere to the conditions of an optimum currency area (OCA) when the euro was introduced in 1999. However, the satisfaction of OCA criteria may not be required for a workable currency...

Persistent link: https://www.econbiz.de/10010486803

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