Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Government Spending The Real Interest Rate And Liquidity Constrained Consumers Behavior In Developing Countries
Download Government Spending The Real Interest Rate And Liquidity Constrained Consumers Behavior In Developing Countries full books in PDF, epub, and Kindle. Read online Government Spending The Real Interest Rate And Liquidity Constrained Consumers Behavior In Developing Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Government Spending, the Real Interest Rate, and Liquidity Constrained Consumers` Behavior in Developing Countries by : Nicola Rossi
Download or read book Government Spending, the Real Interest Rate, and Liquidity Constrained Consumers` Behavior in Developing Countries written by Nicola Rossi and published by . This book was released on 2006 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides empirical evidence on the determinants of private saving in a sample of 49 developing countries over the period 1973-83. The evidence indicates that, as indicated by the theory, a positive relationship exists between the rate of growth of consumption and the expected real interest rate. However, the magnitude of that relationship is such that increases in the real rate of return are not likely to bring forth substantial increases in savings especially in low-income developing countries. Above all, consumer behavior in developing countries appears to be dominated by pervasive liquidity constraints which are exploitable for policy purposes.
Book Synopsis Government Spending, the Real Interest Rate, and Liquidity -- Constrained Consumers' Behavior in Developing Countries by : International Monetary Fund. Fiscal Affairs Department
Download or read book Government Spending, the Real Interest Rate, and Liquidity -- Constrained Consumers' Behavior in Developing Countries written by International Monetary Fund. Fiscal Affairs Department and published by . This book was released on 1987 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Government Spending, the Real Interest Rate, and Liquidity Constrained Consumers Behaviour in Developing Countries by : N. Rossi
Download or read book Government Spending, the Real Interest Rate, and Liquidity Constrained Consumers Behaviour in Developing Countries written by N. Rossi and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming
Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Book Synopsis Fiscal Policy, Stabilization, and Growth in Developing Countries by : Mr.Mario I. Bléjer
Download or read book Fiscal Policy, Stabilization, and Growth in Developing Countries written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1989-06-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries. It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451956770 Total Pages :228 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 1988-01-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central proposition regarding effects of different mechanisms of fi-nancing public expenditures is that, under specific circumstances, it makes no difference to the level of aggregate demand if the government finances its outlays by debt or taxation. This so-called Ricardian equivalence states that, for a given expenditure path, substitution of debt for taxes does not affect private sector wealth and consumption. This paper provides a model illustrating the implications of Ricardian equivalence, surveys the litera-ture, considers effects of relaxing the basic assumptions, provides a frame-work to study implications of various extensions, and critically reviews recent empirical work on Ricardian equivalence.
Book Synopsis The Liquidation of Government Debt by : Ms.Carmen Reinhart
Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Book Synopsis Development Macroeconomics by : Pierre-Richard Agénor
Download or read book Development Macroeconomics written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2015-06-23 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises
Book Synopsis Open Economy Macroeconomics in Developing Countries by : Carlos A. Vegh
Download or read book Open Economy Macroeconomics in Developing Countries written by Carlos A. Vegh and published by MIT Press. This book was released on 2013-08-30 with total page 911 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and rigorous text that shows how a basic open economy model can be extended to answer important macroeconomic questions that arise in emerging markets. This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues. Eschewing the complex calibrated models on which the field of international finance increasingly relies, the book teaches the reader how to think in terms of simple models and grasp the fundamentals of open economy macroeconomics. After analyzing the standard intertemporal small open economy model, the book introduces frictions such as imperfect capital markets, intertemporal distortions, and nontradable goods, into the basic model in order to shed light on the economy's response to different shocks. The book then introduces money into the model to analyze the real effects of monetary and exchange rate policy. It then applies these theoretical tools to a variety of important macroeconomic issues relevant to developing countries (and, in a world of continuing financial crisis, to industrial countries as well), including the use of a nominal interest rate as a main policy instrument, the relative merits of flexible and predetermined exchange rate regimes, and the targeting of “real anchors.” Finally, the book analyzes in detail specific topics such as inflation stabilization, “dollarization,” balance of payments crises, and, inspired by recent events, financial crises. Each chapter includes boxes with relevant empirical evidence and ends with exercises. The book is suitable for use in graduate courses in development economics, international finance, and macroeconomics.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451957092 Total Pages :268 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 43 No. 1 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 43 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term “peace dividend”—in the form of higher capacity output—may result from markedly lower military expenditure levels achieved in most regions during the late 1980s, and the further military spending cuts that would be possible if global peace could be secured.
Book Synopsis Fiscal Issues in Adjustment in Developing Countries by : Jaime de Melo
Download or read book Fiscal Issues in Adjustment in Developing Countries written by Jaime de Melo and published by Springer. This book was released on 1993-07-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book deals with aspects of the recent fiscal crisis in developing countries. Macro aspects cover theoretical underpinning of fiscal policy, the size of the required adjustment and the link between internal and external transfers. Micro aspects cover the relation between private and public investment, the experience of tax and expenditure reforms, and the impact of fiscal adjustment on the poor.
Book Synopsis Contemporary Economic Issues in Developing Countries by : John Baffoe-Bonnie
Download or read book Contemporary Economic Issues in Developing Countries written by John Baffoe-Bonnie and published by Bloomsbury Publishing USA. This book was released on 2003-04-30 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Important lessons for policy makers are provided here as contributors evaluate the effectiveness of domestic economic policies and the recommendations of international organizations such as the World Bank regarding the economic development of developing countries. Challenges posed by debt problems, corruption, population dynamics, poverty, and the absence of adequate human and physical capital are highlighted. Contributors cast doubts on the conclusions of the prevailing theories of economic development with patterns of economic change over the course of the 20th century. Their findings point out the issue of inadequate social capability as a critical factor in understanding the lack of economic development in many developing countries. They suggest that contemporary theorizing tends to pinpoint necessary but insufficient conditions for the successful implementation of development strategies in these countries.
Book Synopsis Law and Macroeconomics by : Yair Listokin
Download or read book Law and Macroeconomics written by Yair Listokin and published by Harvard University Press. This book was released on 2019-03-11 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinguished Yale economist and legal scholar’s argument that law, of all things, has the potential to rescue us from the next economic crisis. After the economic crisis of 2008, private-sector spending took nearly a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach whose proven success is too rarely acknowledged. Harking back to New Deal regulatory agencies, Listokin proposes that we take seriously law’s ability to function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies. Listokin makes his case by looking at both positive and cautionary examples, going back to the New Deal and including the Keystone Pipeline, the constitutionally fraught bond-buying program unveiled by the European Central Bank at the nadir of the Eurozone crisis, the ongoing Greek crisis, and the experience of U.S. price controls in the 1970s. History has taught us that law is an unwieldy instrument of macroeconomic policy, but Listokin argues that under certain conditions it offers a vital alternative to the monetary and fiscal policy tools that stretch the legitimacy of technocratic central banks near their breaking point while leaving the rest of us waiting and wallowing.
Author :Vittorio Corbo Publisher :Amsterdam : North-Holland Publishing Company ; New York : American Elsevier ISBN 13 : Total Pages :326 pages Book Rating :4.3/5 (91 download)
Book Synopsis Inflation in Developing Countries by : Vittorio Corbo
Download or read book Inflation in Developing Countries written by Vittorio Corbo and published by Amsterdam : North-Holland Publishing Company ; New York : American Elsevier. This book was released on 1974 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Policies and Saving in Developing Countries by : Vittorio Corbo
Download or read book Public Policies and Saving in Developing Countries written by Vittorio Corbo and published by World Bank Publications. This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries can increase their national saving rate best by increasing government saving. The most effective way to increase national saving is through permanent tax hike, a cut in current public spending, and a macroeconomic framework in which inflation is low and incentives are predictable.
Book Synopsis Handbook of Development Economics by : Hollis Burnley Chenery
Download or read book Handbook of Development Economics written by Hollis Burnley Chenery and published by Elsevier. This book was released on 1988 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbooks of development economics/ edit. Chenery.-v.1.
Book Synopsis The Macroeconomics of Public Sector Deficits by : Roumeen Islam
Download or read book The Macroeconomics of Public Sector Deficits written by Roumeen Islam and published by World Bank Publications. This book was released on 1991 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt:
