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Dynamic Response To Foreign Transfers And Terms Of Trade Shocks In Open Economies
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Book Synopsis Dynamic Response to Foreign Transfers and Terms-of-trade Shocks in Open Economies by : Klaus Schmidt-Hebbel
Download or read book Dynamic Response to Foreign Transfers and Terms-of-trade Shocks in Open Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both permanent and transitory disturbances can change long- run capacity and output -- although they may have opposite effects on the current account. Liquidity constraints and wage rigidities tend to amplify the cyclical adjustment to external shocks.
Book Synopsis World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy by : Mr.Luis Catão
Download or read book World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy written by Mr.Luis Catão and published by International Monetary Fund. This book was released on 2013-05-17 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than abroad and international risk sharing can be imperfect. A key novelty is that the real exchange rate and the terms of trade can move in opposite directions in response to world food price shocks. This exacerbates the policy trade-off between stabilizing output prices vis a vis the real exchange rate, to an extent that depends on risk sharing and the price elasticity of exports. Under perfect risk sharing, targeting the headline CPI welfare-dominates targeting the PPI if the variance of food price shocks is not too small and the export price elasticity is realistically high. In such a case, however, targeting forecast CPI is a superior choice. With incomplete risk sharing, PPI targeting is clearly a winner.
Book Synopsis Dominant Currency Paradigm: A New Model for Small Open Economies by : Camila Casas
Download or read book Dominant Currency Paradigm: A New Model for Small Open Economies written by Camila Casas and published by International Monetary Fund. This book was released on 2017-11-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
Book Synopsis Congestion Charging Mechanisms for Roads by : Timothy Doe-Kwong Hau
Download or read book Congestion Charging Mechanisms for Roads written by Timothy Doe-Kwong Hau and published by World Bank Publications. This book was released on 1992 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of the many direct and indirect methods for road use, the key alternatives for reducing road congestion are (1) cordon pricing using manual tollbooths, (2) supplementary vehicle licensing, (3) automatic vehicle identification, and (4) smart card technology.
Book Synopsis Risk Management Prospects for Egyptian Cotton by :
Download or read book Risk Management Prospects for Egyptian Cotton written by and published by World Bank Publications. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Why is There Proportionately More Enrollment in Private Schools in Some Countries? by : Estelle James
Download or read book Why is There Proportionately More Enrollment in Private Schools in Some Countries? written by Estelle James and published by World Bank Publications. This book was released on with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Enterprise Reform in Eastern Europe by : Sweder van Wijnbergen
Download or read book Enterprise Reform in Eastern Europe written by Sweder van Wijnbergen and published by World Bank Publications. This book was released on 1993 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying Western textbook solutions to the problems of enterprise reform in Eastern Europe is likely to be counterproductive. Policy design must be imaginative and explicitly incorporate the political constraints and incentive problems specific to the region, leading to new approaches to enterprise and banking reform.
Book Synopsis Retuirns to Investment in Education: A Global Update by :
Download or read book Retuirns to Investment in Education: A Global Update written by and published by World Bank Publications. This book was released on with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis More Evidence on Income Distribution and Growth by : George R. G. Clarke
Download or read book More Evidence on Income Distribution and Growth written by George R. G. Clarke and published by World Bank Publications. This book was released on with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :World Bank. East Asia and Pacific Regional Office. Environment and Social Development Sector Unit Publisher :World Bank Publications ISBN 13 : Total Pages :50 pages Book Rating :4./5 ( download)
Book Synopsis Mongolia by : World Bank. East Asia and Pacific Regional Office. Environment and Social Development Sector Unit
Download or read book Mongolia written by World Bank. East Asia and Pacific Regional Office. Environment and Social Development Sector Unit and published by World Bank Publications. This book was released on 1992 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strengthening Uganda's Policy Environment for Investing in University Development by :
Download or read book Strengthening Uganda's Policy Environment for Investing in University Development written by and published by World Bank Publications. This book was released on 1993 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, Makerere University has experienced increasing student and staff unrest. The academic community is demoralized by tight government controls on spending-- especially by inaction on staff salary demands. Donor support will not be forthcoming without broad policy reform in higher education, rather than piecemeal reform.
Book Synopsis The Macroeconomic Effects of Trade Tariffs by : Jesper Lindé
Download or read book The Macroeconomic Effects of Trade Tariffs written by Jesper Lindé and published by International Monetary Fund. This book was released on 2017-07-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain quantitatively important long-term deviations under complete international asset markets. Direct pass-through of tariffs and subsidies to prices and slow exchange rate adjustment can also generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a unilaterally imposed border adjustment tax can prevent any real or nominal effects.
Book Synopsis Inflation in Open Economies by : Michael Parkin
Download or read book Inflation in Open Economies written by Michael Parkin and published by Manchester University Press. This book was released on 1978 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Policy in Classical and Keynesian Open Economies by : Klaus Schmidt-Hebbel
Download or read book Fiscal Policy in Classical and Keynesian Open Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A General Equilibrium Analysis of Temporary Terms-of-trade Shocks in a Developing Economy by : Juan Enrique Muñoz Giró
Download or read book A General Equilibrium Analysis of Temporary Terms-of-trade Shocks in a Developing Economy written by Juan Enrique Muñoz Giró and published by . This book was released on 1993 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis External Shocks in Classical and Keynesian Economies by : Klaus Schmidt-Hebbel
Download or read book External Shocks in Classical and Keynesian Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis External shocks and performance responses during systemic transition : the case of Ukraine by : F. Desmond McCarthy
Download or read book External shocks and performance responses during systemic transition : the case of Ukraine written by F. Desmond McCarthy and published by World Bank Publications. This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: