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Disinflation And The Recession Now Versus Recession Later Hypothesis
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Book Synopsis Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis by : Mr.Alexander W. Hoffmaister
Download or read book Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis written by Mr.Alexander W. Hoffmaister and published by International Monetary Fund. This book was released on 1995-10-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used. Under money-based stabilization, the recession occurs at the beginning of the program, while under exchange rate-based stabilization the recession occurs later in the program. This paper provides a first attempt to formally test this hypothesis using a vector-autoregression model for Uruguay. The impulse response of output to different stabilization policies is broadly consistent with the “recession-now-versus-recession-later” hypothesis. The evidence also suggests, however, that the effectiveness of a monetary anchor in reducing inflation is hindered by the high degree of dollarization of the Uruguayan economy.
Book Synopsis Disinflation and the recession-now-versus-recession-later hypothesis by : Aleksander W... Hoffmaister
Download or read book Disinflation and the recession-now-versus-recession-later hypothesis written by Aleksander W... Hoffmaister and published by . This book was released on 1995 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis by : Alexander W. Hoffmaister
Download or read book Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis written by Alexander W. Hoffmaister and published by . This book was released on 2006 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used. Under money-based stabilization, the recession occurs at the beginning of the program, while under exchange rate-based stabilization the recession occurs later in the program. This paper provides a first attempt to formally test this hypothesis using a vector-autoregression model for Uruguay. The impulse response of output to different stabilization policies is broadly consistent with the quot;recession-now-versus-recession-laterquot; hypothesis. The evidence also suggests, however, that the effectiveness of a monetary anchor in reducing inflation is hindered by the high degree of dollarization of the Uruguayan economy.
Book Synopsis DISINFLALTION AND THE RECESSION-NOW-VERSUS-RECESSION-LATER HYPOTHESIS by : Alexander W. Hoffmaister
Download or read book DISINFLALTION AND THE RECESSION-NOW-VERSUS-RECESSION-LATER HYPOTHESIS written by Alexander W. Hoffmaister and published by . This book was released on 1995 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary Orders by : Jonathan Kirshner
Download or read book Monetary Orders written by Jonathan Kirshner and published by Cornell University Press. This book was released on 2018-08-06 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wherever there is money, there is money politics-a subject demanding ever greater attention at a time when monetary policies lead and the real economy follows. A principal defining characteristic of the contemporary global economy, Jonathan Kirshner contends, is the rise and preeminence of monetary phenomena—international financial crises, Central Bank Independence and inflation fighting, the creation of the euro, and monetary reform in emerging economies, to name only a few. Moreover, unlike most debates in political economy (such as those regarding trade policy), which are generally recognized as political, monetary phenomena and macroeconomic policies are typically represented as expressly apolitical. In Monetary Orders, a distinguished group of scholars explores the inescapable political origins of choices about money. The essays in Monetary Orders each address a specific issue or puzzle relating to money and its management. Their authors focus on markedly disparate cases but share a common observation: for most policy choices about money, market forces and economic logic can rule out certain options, but are indeterminate in explaining why one policy rather than another will be chosen. Ultimately, political factors are essential to explain fundamental and consequential choices about money.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451947224 Total Pages :208 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on the flexibility of the labor market and the evidence regarding the wage and employment effects of trade reform are discussed next. The last part of the paper identifies a variety of issues that may require further investigation.
Book Synopsis Publications of the International Monetary Fund by : International Monetary Fund
Download or read book Publications of the International Monetary Fund written by International Monetary Fund and published by . This book was released on 1996-06 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557758606 Total Pages :124 pages Book Rating :4.7/5 (586 download)
Book Synopsis Research Activities of the IMF, January 1991-December 1998 by : International Monetary Fund
Download or read book Research Activities of the IMF, January 1991-December 1998 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-09-24 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selective index of major research papers prepared by IMF staff in 1991-98.
Book Synopsis Handbook of Macroeconomics by : John B. Taylor
Download or read book Handbook of Macroeconomics written by John B. Taylor and published by Elsevier. This book was released on 1999-12-13 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part 6: Financial Markets and the Macroeconomy. 19. Asset prices, consumption, and the business cycle (J.Y. Campbell). 20. Human behavior and the efficiency of the financial system (R.J. Shiller). 21. The financial accelerator in a quantitative business cycle framework (B. Bernanke, M. Gertler and S. Gilchrist). Part 7: Monetary and Fiscal Policy. 22. Political economics and macroeconomic policy (T. Persson, G. Tabellini). 23. Issues in the design of monetary policy rules (B.T. McCallum). 24. Inflation stabilization and BOP crises in developing countries (G.A. Calvo, C.A. Vegh). 25. Government debt (D.W. Elmendorf, N.G. Mankiw). 26. Optimal fiscal and monetary policy (V.V. Chari, P.J. Kehoe).
Download or read book Research Abstracts written by and published by . This book was released on 1994 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bringing in the Future by : William Ascher
Download or read book Bringing in the Future written by William Ascher and published by University of Chicago Press. This book was released on 2009-10-15 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humans are plagued by shortsighted thinking, preferring to put off work on complex, deep-seated, or difficult problems in favor of quick-fix solutions to immediate needs. When short-term thinking is applied to economic development, especially in fragile nations, the results—corruption, waste, and faulty planning—are often disastrous. In Bringing in the Future, William Ascher draws on the latest research from psychology, economics, institutional design, and legal theory to suggest strategies to overcome powerful obstacles to long-term planning in developing countries. Drawing on cases from Africa, Asia, and Latin America, Ascher applies strategies such as the creation and scheduling of tangible and intangible rewards, cognitive exercises to increase the understanding of longer-term consequences, self-restraint mechanisms to protect long-term commitments and enhance credibility, and restructuring policy-making processes to permit greater influence of long-term considerations. Featuring theoretically informed research findings and sound policy examples, this volume will assist policy makers, activists, and scholars seeking to understand how the vagaries of human behavior affect international development.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781589061897 Total Pages :50 pages Book Rating :4.0/5 (618 download)
Book Synopsis Economic Policy in a Highly Dollarized Economy by : International Monetary Fund
Download or read book Economic Policy in a Highly Dollarized Economy written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-30 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic policy implications. They carry out an econometric estimation of cash foreign currency circulation in Cambodia in order to gauge the degree of dollarization. In addition to this analysis, the authors present a short description of Cambodia’s economic, financial, and structural background.
Book Synopsis Re-forming the State by : Hector E. Schamis
Download or read book Re-forming the State written by Hector E. Schamis and published by University of Michigan Press. This book was released on 2002 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares the processes leading to market reform experiments and its political effects in Latin America and Europe
Download or read book Economía mexicana written by and published by . This book was released on 2005 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Private Capital Flows to Emerging Markets After the Mexican Crisis by : Guillermo Calvo
Download or read book Private Capital Flows to Emerging Markets After the Mexican Crisis written by Guillermo Calvo and published by Peterson Institute. This book was released on 1996 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Working Paper written by and published by . This book was released on 1996 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589066502 Total Pages :236 pages Book Rating :4.5/5 (89 download)
Book Synopsis IMF Staff Papers, Volume 54, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 54, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-09-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes current-account deficits in the advanced economies. Other papers in this issue look at the relationship between international financial integration and the real economy. Other papers discuss whether (or not): i) the next capital account crisis can be predicted; ii) accepted definitions of debt crises are adequate; iii) the Doha Round of trade talks (if they are ever successfully completed) will lead to preference erosion; and finally iv) there is room for political opportunism in countries deciding between money-based or exchange-rate-based stabilization programs.
