The Collapse of Monetarism and the Irrelevance of the New
... appeal to short run for some effects and to the long run for others, shifting between them as it suited him. Once at some American Economic Association meetings in San Francisco I encountered him at the end of a camera. “Professor Friedman,” the reporter inquired, “how will the economy do next year ...
... appeal to short run for some effects and to the long run for others, shifting between them as it suited him. Once at some American Economic Association meetings in San Francisco I encountered him at the end of a camera. “Professor Friedman,” the reporter inquired, “how will the economy do next year ...
Emerging Markets – Emerging Powers: Changing Parameters for
... and inequalities. As has been demonstrated in countries and regions as diverse as Mexico in 1994, Asia in 1997, and Russia and Brazil in 1998, global capital forces can turn with a vengeance against emerging markets that were once lavished with foreign loans and investments, unleashing the »horsemen ...
... and inequalities. As has been demonstrated in countries and regions as diverse as Mexico in 1994, Asia in 1997, and Russia and Brazil in 1998, global capital forces can turn with a vengeance against emerging markets that were once lavished with foreign loans and investments, unleashing the »horsemen ...
Globalization Dynamics in Latin America: South Cone and Iberian
... foreign consumption (raw material destined to the European elites industry or consumption, such as coffee, cocoa and sugar). The political independence, consequences of the independence wars, did not significantly change this mechanism, although some very slow changes were registered. The independen ...
... foreign consumption (raw material destined to the European elites industry or consumption, such as coffee, cocoa and sugar). The political independence, consequences of the independence wars, did not significantly change this mechanism, although some very slow changes were registered. The independen ...
book review: competition, coordination and diversity
... firms, markets and competition, (2) globalization and international economic problems, (3) monetary integration, (4) money, finance and economic policies, and (5) foundations of economic theory. In the first two chapters we find a discussion of Frédéric Bastiat’s treatment of the firm. Bastiat, of c ...
... firms, markets and competition, (2) globalization and international economic problems, (3) monetary integration, (4) money, finance and economic policies, and (5) foundations of economic theory. In the first two chapters we find a discussion of Frédéric Bastiat’s treatment of the firm. Bastiat, of c ...
East Asia: Success and Crisis
... 1987 – It introduced a broad stabilization and reform program and fixed its peso’s exchange rate against the U.S. dollar. 1989-1991 – It moved to a crawling peg and crawling band. 1994 – It joined the North American Free Trade Area and achieved 7% inflation. ...
... 1987 – It introduced a broad stabilization and reform program and fixed its peso’s exchange rate against the U.S. dollar. 1989-1991 – It moved to a crawling peg and crawling band. 1994 – It joined the North American Free Trade Area and achieved 7% inflation. ...
Europe and Central Asia
... However, there was a deceleration relative to 2014, and indications so far this year are of further slowing. Also posting growth above 3 percent in 2015 were Armenia, Kosovo, and Macedonia FYR, all of which enjoy close economic ties with the EU. In contrast, Belarus and Moldova, which are closely co ...
... However, there was a deceleration relative to 2014, and indications so far this year are of further slowing. Also posting growth above 3 percent in 2015 were Armenia, Kosovo, and Macedonia FYR, all of which enjoy close economic ties with the EU. In contrast, Belarus and Moldova, which are closely co ...
Chapter 15
... 1. "Activist policies have been followed by the government only after World War II. The business cycles since that time have been much milder than those before the war. Therefore, activist policies have successfully stabilized the economy." How would an economist favoring nonactivism respond to this ...
... 1. "Activist policies have been followed by the government only after World War II. The business cycles since that time have been much milder than those before the war. Therefore, activist policies have successfully stabilized the economy." How would an economist favoring nonactivism respond to this ...
Globalization Dynamics in Latin America: South Cone and Iberian
... incorporated to consumption by populist and populist-democratic governments, which were based on new Christian and socialist political parties, on European ideas that combined with populist ideas demanding welfare and consumption, and on the long period expansion of the capitalist center. The exhaus ...
... incorporated to consumption by populist and populist-democratic governments, which were based on new Christian and socialist political parties, on European ideas that combined with populist ideas demanding welfare and consumption, and on the long period expansion of the capitalist center. The exhaus ...
National Plans as Indicative Targets for the Policies and Priorities of
... 1994). The double organized markets presuppose that both firms and governments try to influence economic process and performance through organization, competition, and cooperation. Such policies can produce efficient outcomes (e.g. by increased innovation or market contestability). However, they may ...
... 1994). The double organized markets presuppose that both firms and governments try to influence economic process and performance through organization, competition, and cooperation. Such policies can produce efficient outcomes (e.g. by increased innovation or market contestability). However, they may ...
Debate A Long Pattern of Not So Divine Intervention
... Loveman locates the origin of the United States as an empire in the country’s origins as an isolated republic, menaced by the influence of imperial monarchies over nearby territories, and anxious to expand both territorially and commercially. He argues convincingly against the myth that the early Un ...
... Loveman locates the origin of the United States as an empire in the country’s origins as an isolated republic, menaced by the influence of imperial monarchies over nearby territories, and anxious to expand both territorially and commercially. He argues convincingly against the myth that the early Un ...
CEPR responds to the IMF’s defense Mark Weisbrot
... It is difficult to evaluate such results without more information about the analysis, including the data. However, we believe that IMF economists would agree that the econometric difficulties with this particular regression are enormous, and that it cannot be considered as any kind of conclusive evi ...
... It is difficult to evaluate such results without more information about the analysis, including the data. However, we believe that IMF economists would agree that the econometric difficulties with this particular regression are enormous, and that it cannot be considered as any kind of conclusive evi ...
The Rebirth of the Liberal Creed: Paths to
... emerging and European economies were flooded with foreign capital, which made it even harder to sustain noninflationary courses of action and increased the vulnerability of currencies to speculation (Goodman and Pauly 1993; Helleiner 1994; Loriaux 1997a; Simmons 1999, pp. 38–51; Devlin 1989). In 197 ...
... emerging and European economies were flooded with foreign capital, which made it even harder to sustain noninflationary courses of action and increased the vulnerability of currencies to speculation (Goodman and Pauly 1993; Helleiner 1994; Loriaux 1997a; Simmons 1999, pp. 38–51; Devlin 1989). In 197 ...
The West Must Allow a Power Shift in International Organizations
... DIIS policy brief But again, in the subsequent period from October to December 2013 the Executive Board has made no progress, and will almost certainly postpone the latest deadline to sometime well beyond January 2014 The whole negotiation process has been put on hold until US congress approves the ...
... DIIS policy brief But again, in the subsequent period from October to December 2013 the Executive Board has made no progress, and will almost certainly postpone the latest deadline to sometime well beyond January 2014 The whole negotiation process has been put on hold until US congress approves the ...
TOPic 4 - CaRLO Economics
... Australia over time. These responses typically developed clear and comprehensive arguments linking the microeconomic reforms to their positive and/or negative impacts on Australia’s economic performance. A common feature of these responses was the incorporation of relevant economic theory and diagra ...
... Australia over time. These responses typically developed clear and comprehensive arguments linking the microeconomic reforms to their positive and/or negative impacts on Australia’s economic performance. A common feature of these responses was the incorporation of relevant economic theory and diagra ...
In the Aftermath of the Financial Crisis of 2008
... questions must be answered, which several economists were asked to write about under the title “Macro after the Financial Crisis.”1 The first question was what view should be taken of the crisis, and the second is what is the future course of macroeconomic theory and how will it evolve following the ...
... questions must be answered, which several economists were asked to write about under the title “Macro after the Financial Crisis.”1 The first question was what view should be taken of the crisis, and the second is what is the future course of macroeconomic theory and how will it evolve following the ...
Increased Understanding of Supply-side Economics
... A significant contributing factor to the acceptance of government ownership was the widely held belief that the USSR had successfully been transformed into an industrial country through central planning, and in some industrial countries, government ownership increased in the early post-War years. Th ...
... A significant contributing factor to the acceptance of government ownership was the widely held belief that the USSR had successfully been transformed into an industrial country through central planning, and in some industrial countries, government ownership increased in the early post-War years. Th ...
expand - World Bank
... Latin America and the Caribbean is expected to face another year of weak economic performance due to domestic challenges among the region’s largest economies, depressed commodity prices, and tighter regional monetary conditions. Output is expected to shrink another 1.3 percent this year, after decli ...
... Latin America and the Caribbean is expected to face another year of weak economic performance due to domestic challenges among the region’s largest economies, depressed commodity prices, and tighter regional monetary conditions. Output is expected to shrink another 1.3 percent this year, after decli ...
macro98b
... This section of the course provides an overview of macroeconomic analysis. It is an intermediate economic analysis course. The material covered in Junior Freshman Economics is the starting point of this year's work so you are urged to revise introductory principles as we proceed. Macroeconomics is a ...
... This section of the course provides an overview of macroeconomic analysis. It is an intermediate economic analysis course. The material covered in Junior Freshman Economics is the starting point of this year's work so you are urged to revise introductory principles as we proceed. Macroeconomics is a ...
Keynote Speech
... • Economic resilience is an important and useful concept for small states • Macroeconomic stability is critical to economic resilience • Good fiscal, monetary and exchange rate policies can foster macroeconomic stability and “nurture” economic resilience • Financial policies are also important for r ...
... • Economic resilience is an important and useful concept for small states • Macroeconomic stability is critical to economic resilience • Good fiscal, monetary and exchange rate policies can foster macroeconomic stability and “nurture” economic resilience • Financial policies are also important for r ...
View/Open
... especially of trade and exchange rate policies. The International Monetary Fund's stand-by and monitoring agreements, linked to disbursements by the IMP and commercial banks, stressed the need to realign exchange rates and reduce fiscal deficits. The World Bank extended agricultural sector and trade ...
... especially of trade and exchange rate policies. The International Monetary Fund's stand-by and monitoring agreements, linked to disbursements by the IMP and commercial banks, stressed the need to realign exchange rates and reduce fiscal deficits. The World Bank extended agricultural sector and trade ...
Globalization and Varieties of Capitalism
... management; they finance new activities and put old activities into the hands of those who can exploit them better; they create a better global ability to cope with risk; they put their capital where it will work best anywhere in the world; and in the process, they give quite ordinary people the abi ...
... management; they finance new activities and put old activities into the hands of those who can exploit them better; they create a better global ability to cope with risk; they put their capital where it will work best anywhere in the world; and in the process, they give quite ordinary people the abi ...
notes5eng_en.pdf
... by public administration, the legal system and users, and requires them to become proficient in new areas of expertise. It also requires investment in adequate systems of administration, supervision, control and follow-up, of information about water resources and for registering and regularizing wat ...
... by public administration, the legal system and users, and requires them to become proficient in new areas of expertise. It also requires investment in adequate systems of administration, supervision, control and follow-up, of information about water resources and for registering and regularizing wat ...
Jeffrey Frankel Carlos A. Vegh Guillermo Vuletin 23 June 2011, VOX
... than Spain, and Brazil less risky than Portugal. Largely as a result of their improved fiscal situations during the period 2000-2007, many emerging markets were able to bounce back from the 2008-2009 global financial crisis more quickly than advanced countries (Didier et al. 2011). ...
... than Spain, and Brazil less risky than Portugal. Largely as a result of their improved fiscal situations during the period 2000-2007, many emerging markets were able to bounce back from the 2008-2009 global financial crisis more quickly than advanced countries (Didier et al. 2011). ...
The IMF`s Financial Crisis Loans: No change in conditionalities
... In Latvia, the IMF has advised raising the official interest rate by 600 basis points in 2008. According to the IMF, a reduction in domestic demand is the mechanism through which wage and price inflation are to be lowered. In Iceland, the interest rate was increased by 600 basis points to 18% in Oct ...
... In Latvia, the IMF has advised raising the official interest rate by 600 basis points in 2008. According to the IMF, a reduction in domestic demand is the mechanism through which wage and price inflation are to be lowered. In Iceland, the interest rate was increased by 600 basis points to 18% in Oct ...