IMF Staff papers

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Publisher : International Monetary Fund
ISBN 13 : 1451930690
Total Pages : 212 pages
Book Rating : 4.4/5 (519 download)

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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 1986-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines potential strengths and weaknesses of various versions of the target zone approach and confronts operational outlines potential strengths and weaknesses of various versions of the target zone approach but also confronts operational. Target zones differ from a pure system of clean floating in that the authorities are permitted (and indeed are likely) to intervene in the exchange market, and, more generally, are encouraged to take a view on the desirable level of the exchange rate. The hard version of target zones shares some of the attributes of the existing European Monetary System (EMS). Unlike the EMS, hard target zones neither entail a formal commitment for exchange rate intervention nor there is analog to the credit facilities of the EMS. The soft version of target zones differs from existing IMF surveillance. Whether measured in real or nominal terms, bilateral or effective terms, and the short-run variability of exchange rates over the period of managed floating has been high—indeed, significantly higher than during the previous Bretton Woods system.

Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985

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Publisher : Springer Science & Business Media
ISBN 13 : 3642456626
Total Pages : 222 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985 by : Christine Sauer

Download or read book Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960–1985 written by Christine Sauer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their respective trends are positively correlated. A search occurred for a more satisfactory theory of macroeconomics which could explain the paradox of stagflation and the observed economic phenomena. The New Classical Economics (NCE) developed as the total rejection of Keynesian economics. The Keynesians claimed that their demand management policies contributed to the obsolescence of the business cycle and successfully eliminated the gap between full employment (potential) output and actusl output. The NCE argued just the opposite: the unemplo~nt rate or growth rate of real output is insensitive to systematic demand management policies [Lucas; Sargent and Wallace].

The Effects of Exchange Rate Fluctuationson Output and Prices

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Publisher : International Monetary Fund
ISBN 13 : 1451860188
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Effects of Exchange Rate Fluctuationson Output and Prices by : Ida Aghdas Mirzaie

Download or read book The Effects of Exchange Rate Fluctuationson Output and Prices written by Ida Aghdas Mirzaie and published by International Monetary Fund. This book was released on 2003-10-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations help to determine aggregate demand through exports, imports, and the demand for domestic currency, and aggregate supply through the cost of imported intermediate goods. Anticipated exchange rate depreciation, through the supply channel, has limited effects on output growth and inflation. Unanticipated currency fluctuations appear more significant, with varying effects on output growth and price inflation across developing countries.

Currencies and Globalization

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Publisher : Nova Publishers
ISBN 13 : 9781600213199
Total Pages : 226 pages
Book Rating : 4.2/5 (131 download)

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Book Synopsis Currencies and Globalization by : Marcy L. Ferrington

Download or read book Currencies and Globalization written by Marcy L. Ferrington and published by Nova Publishers. This book was released on 2007 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currencies are often the targets of speculators and the sometimes reflections and engines of a country's prosperity. They affect consumption rates, political stability and industrial success. Exchange rates are carefully set and endlessly analysed and changed. This book presents leading contemporary issues related to currencies and globalisation.

Uncovering Value Added In Trade: New Approaches To Analyzing Global Value Chains

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Publisher : World Scientific
ISBN 13 : 9814656372
Total Pages : 181 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Uncovering Value Added In Trade: New Approaches To Analyzing Global Value Chains by : Yuqing Xing

Download or read book Uncovering Value Added In Trade: New Approaches To Analyzing Global Value Chains written by Yuqing Xing and published by World Scientific. This book was released on 2015-07-13 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value chain trade has challenged economic implications of conventional trade statistics and transformed bilateral trade relationships into multilaterals. Conventional trade statistics exaggerate trade volumes and bilateral trade imbalances. It is imperative to measure trade in value-added and examine trade relations in the context of global value chains. This book is a collection of research papers on new approaches to measure trade in value added and the role of global value chains in modern international trade. It introduces the input output method for measuring trade and a direct approach for measuring the domestic value added of the People's Republic of China — the center of global assembly. In addition, it shows how to analyze trade relations in the context of global value chains.

International Dimensions of Monetary Policy

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Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí

Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.

International Macroeconomics

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Publisher : Princeton University Press
ISBN 13 : 0691170649
Total Pages : 482 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis International Macroeconomics by : Stephanie Schmitt-Grohé

Download or read book International Macroeconomics written by Stephanie Schmitt-Grohé and published by Princeton University Press. This book was released on 2022-09-06 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomicsBrings undergraduate and master’s instruction in line with modern economic researchFollows a microfounded, optimizing, and dynamic general equilibrium approachAddresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crisesUses real-world data to test the predictions of theoretical modelsFeatures a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of modelsAccompanied by a website with lecture slides for every chapter

Domestic Credit and Output Determination in a "new Classical" Model of a Small Open Economy with Perfect Capital Mobility

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Domestic Credit and Output Determination in a "new Classical" Model of a Small Open Economy with Perfect Capital Mobility by : Peter Montiel

Download or read book Domestic Credit and Output Determination in a "new Classical" Model of a Small Open Economy with Perfect Capital Mobility written by Peter Montiel and published by . This book was released on 1986 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Accounts

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Publisher : United Nations Publications
ISBN 13 : 9789211614695
Total Pages : 139 pages
Book Rating : 4.6/5 (146 download)

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Book Synopsis National Accounts by : Naciones Unidas. División de Estadística

Download or read book National Accounts written by Naciones Unidas. División de Estadística and published by United Nations Publications. This book was released on 2004 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this handbook is to assist countries in the implementation of the System of National Accounts 1993. It seeks to provide an introduction to basic concepts and structures, with simple exercises included, whenever possible, to elucidate matters. The publication also gives an example of the complete system in Excel, with formulas to help readers trace linkages in the system. It is divided into three sections, dealing with accounts of the nation; integrated accounts by industries and institutional sectors; data collection and estimation methods.

Economic Analysis of Investment Operations

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Publisher : World Bank Publications
ISBN 13 : 9780821348505
Total Pages : 294 pages
Book Rating : 4.3/5 (485 download)

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Book Synopsis Economic Analysis of Investment Operations by : Pedro Belli

Download or read book Economic Analysis of Investment Operations written by Pedro Belli and published by World Bank Publications. This book was released on 2001-01-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents general principles and methodologies of quantitative risk analysis; provides theory and practice of how to evaluate health, transport and education projects and describes how to assess the environmental impact of projects. It looks at how the tools of cost benefit analysis can be applied from the point of view of the private sector, public sector, bankers, and the country as a whole. It encourages analysts to answer a number of key questions that are likely to increase success rather than simply describing techniques. This book as aimed at all concerned with resource allocation and is presented in an accessible fashion. It is required reading at World bank Institute courses.

Fiscal and Monetary Policy in the Eurozone

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Publisher : Emerald Group Publishing
ISBN 13 : 178743981X
Total Pages : 168 pages
Book Rating : 4.7/5 (874 download)

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Book Synopsis Fiscal and Monetary Policy in the Eurozone by : Rosaria Rita Canale

Download or read book Fiscal and Monetary Policy in the Eurozone written by Rosaria Rita Canale and published by Emerald Group Publishing. This book was released on 2019-05-13 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal and Monetary Policy in the Eurozone offers systematic analyses of the economic policy framework of the Eurozone and critiques current ideas about how to move forward, making it essential reading for postgraduate students of economics and of keen interest to researchers, policymakers, journalists, and financial strategists.

System of National Accounts, 1993

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Publisher : International Monetary Fund
ISBN 13 : 9789211613520
Total Pages : 778 pages
Book Rating : 4.6/5 (135 download)

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Book Synopsis System of National Accounts, 1993 by : International Monetary Fund

Download or read book System of National Accounts, 1993 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1993-03-15 with total page 778 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1993 SNA represents a major advance in national accounting. While updating and clarifying the 1968 SNA, the 1993 SNA provides the basis for improving compilation of national accounts statistics, promoting integration of economic and related statistics, and enhancing analysis of economic developments. The 1993 SNA deals more clearly with relationships between economic flows (such as production, income, savings, accumulation, and financing) and links between these flows and stocks. At the same time the 1993 SNA reflects the many significant developments that have taken place in financial markets and completes the integration of balance sheets into the system. The 1993 SNA also suggests how satellite accounts (e.g. environmental accounts) and alternative classifications (e.g., through social accounting matrices) an be used to augment the central framework of the system.

International Trade Issues

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Publisher : Nova Publishers
ISBN 13 : 9781594546211
Total Pages : 296 pages
Book Rating : 4.5/5 (462 download)

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Book Synopsis International Trade Issues by : Robert V. Weeks

Download or read book International Trade Issues written by Robert V. Weeks and published by Nova Publishers. This book was released on 2006 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: While some may dispute that economics is the driving force behind much of history, nobody can argue that trade is not a significant factor in international relations. This book assembles a collection of articles examining some of the divisive issues in the international trade arena. It serves as a tool for understanding the economic subjects.

The Asymmetric Effects of Exchange Rate Fluctuations

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Asymmetric Effects of Exchange Rate Fluctuations by : Magda Kandil

Download or read book The Asymmetric Effects of Exchange Rate Fluctuations written by Magda Kandil and published by International Monetary Fund. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomics

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Publisher :
ISBN 13 : 9781292360911
Total Pages : 0 pages
Book Rating : 4.3/5 (69 download)

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Book Synopsis Macroeconomics by : Olivier Blanchard

Download or read book Macroeconomics written by Olivier Blanchard and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed. For intermediate courses in economics. A unified view of the latest macroeconomic events In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills. Also available with MyLab Economics By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.

Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes

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Publisher : Transaction Publishers
ISBN 13 : 9781412832540
Total Pages : 256 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes by : Georg Junge

Download or read book Purchasing Power Parity and the International Transmission of Price Disturbances Under Alternative Exchange Rate Regimes written by Georg Junge and published by Transaction Publishers. This book was released on 1984-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Challenges to Globalization

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Publisher : University of Chicago Press
ISBN 13 : 0226036553
Total Pages : 560 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Challenges to Globalization by : Robert E. Baldwin

Download or read book Challenges to Globalization written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2007-11-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.