Capital Inflows, Inflation and Exchange Rate Volatility
... Table 13. Pair-wise Non-linear Granger Causality Tests ...
... Table 13. Pair-wise Non-linear Granger Causality Tests ...
Open Economy Macro - Exchange Rates
... • Contributes to the U.S. trade deficit • Hurts American producers who make products that compete with imports from China ...
... • Contributes to the U.S. trade deficit • Hurts American producers who make products that compete with imports from China ...
File
... • Contributes to the U.S. trade deficit • Hurts American producers who make products that compete with imports from China ...
... • Contributes to the U.S. trade deficit • Hurts American producers who make products that compete with imports from China ...
Chapter 12 The Effect of Government Purchases
... economy. Governments tend to spend money on two things: wars and social services. Barro’s Figure 12.2 shows that expenditures by the U.S. government have comprised a generally increasing fraction of GNP since 1928, but even today that fraction is nowhere near the peak it attained during WWII. This p ...
... economy. Governments tend to spend money on two things: wars and social services. Barro’s Figure 12.2 shows that expenditures by the U.S. government have comprised a generally increasing fraction of GNP since 1928, but even today that fraction is nowhere near the peak it attained during WWII. This p ...
Elder Fraud : Preventing Senior Scams
... No sales calls between 9 p.m. and 8 a.m. Must tell you what company they are calling from and that they are selling something No purchase needed to enter or win promotions, prizes or contests Cannot ask for advance payment for credit services No abusive or obscene language, threats or inti ...
... No sales calls between 9 p.m. and 8 a.m. Must tell you what company they are calling from and that they are selling something No purchase needed to enter or win promotions, prizes or contests Cannot ask for advance payment for credit services No abusive or obscene language, threats or inti ...
NBER WORKING PAPER SERIES CAPITAL CONTROLS, SUDDEN STOPS AND CURRENT ACCOUNT REVERSALS
... particularly interested in determining if the cost of a crisis – measured in terms of lower growth – is different for countries with different degrees of capital mobility. I use treatment regressions to analyze whether restricting capital mobility reduces vulnerability and the costs of crises. Final ...
... particularly interested in determining if the cost of a crisis – measured in terms of lower growth – is different for countries with different degrees of capital mobility. I use treatment regressions to analyze whether restricting capital mobility reduces vulnerability and the costs of crises. Final ...
Investment in Human Capital Accumulation and Growth
... labor-market matching efficacy), but decrease with the job separation rate and the job creation cost. Next, a shift in these parameters fostering long-run growth is always accompanied by a higher unemployment rate because, in response to such shifts in growth-enhancing parameters, the labor market a ...
... labor-market matching efficacy), but decrease with the job separation rate and the job creation cost. Next, a shift in these parameters fostering long-run growth is always accompanied by a higher unemployment rate because, in response to such shifts in growth-enhancing parameters, the labor market a ...
Inverse Bank Run, Output, and Welfare Distribution
... that the queue can become shorter or disappear for such incentives to decline, possibly generating a Sudden Stop. The queue analogy is especially useful to picture a situation in which (1) potential investors, like domestic residents, are also subject to liquidity shocks (which prompts them to excha ...
... that the queue can become shorter or disappear for such incentives to decline, possibly generating a Sudden Stop. The queue analogy is especially useful to picture a situation in which (1) potential investors, like domestic residents, are also subject to liquidity shocks (which prompts them to excha ...
NBER WORKING PAPER SERIES INTERNATIONAL BORROWING, CAPITAL CONTROLS AND THE EXCHANGE RATE:
... in terms of output and employment. Unlike other countries in the region, the crisis was not caused by fiscal imbalances, but triggered by a deteriorating international environment, a misaligned exchange rate and a weak financial system. Indeed, it started before Mexico announced that it could not me ...
... in terms of output and employment. Unlike other countries in the region, the crisis was not caused by fiscal imbalances, but triggered by a deteriorating international environment, a misaligned exchange rate and a weak financial system. Indeed, it started before Mexico announced that it could not me ...
Profits, Redistribution of Income and Dynamic Efficiency
... Dynamic efficiency is central to the analysis of household savings, firm investment and government debt. Past studies have concluded that all advanced economies satisfy the criteria for dynamic efficiency by a wide margin. The existing tests of dynamic efficiency that are implemented in these studie ...
... Dynamic efficiency is central to the analysis of household savings, firm investment and government debt. Past studies have concluded that all advanced economies satisfy the criteria for dynamic efficiency by a wide margin. The existing tests of dynamic efficiency that are implemented in these studie ...
Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary
... the cycle, downward nominal wage rigidity and a fixed exchange rate prevent real wages from falling to the level consistent with full employment. Agents understand this mechanism but are too small to internalize the fact that their individual expenditure decisions collectively cause inefficiently larg ...
... the cycle, downward nominal wage rigidity and a fixed exchange rate prevent real wages from falling to the level consistent with full employment. Agents understand this mechanism but are too small to internalize the fact that their individual expenditure decisions collectively cause inefficiently larg ...
Dealing with large and volatile capital flows and the role of the IMF
... capital flows; reviews the literature on the benefits, costs and drivers of cross-border capital flows; analyses the tools employed by recipient countries to manage capital flows –including macroprudential policies (MPPs) and capital flow management measures (CFMs); summarises the international init ...
... capital flows; reviews the literature on the benefits, costs and drivers of cross-border capital flows; analyses the tools employed by recipient countries to manage capital flows –including macroprudential policies (MPPs) and capital flow management measures (CFMs); summarises the international init ...
Openness, Technology Capital, and Development
... states and transition paths as countries move from being closed to being open. We find that overall, the model predicts what the empirical evidence has suggested: large gains to openness. More specifically, we find large increases in productivity when similar countries form an economic union that r ...
... states and transition paths as countries move from being closed to being open. We find that overall, the model predicts what the empirical evidence has suggested: large gains to openness. More specifically, we find large increases in productivity when similar countries form an economic union that r ...
NBER WORKING PAPER SERIES PRODUCTIVITY GROWTH AND CAPITAL FLOWS: Francisco J. Buera
... Given the different results we obtain in the first and the second exercises, it is natural to ask which sequencing of reforms is a more accurate description of emerging economies’ experiences. There is ample documentation showing the prevalence of the sequencing in our first experiment: Reduction of ...
... Given the different results we obtain in the first and the second exercises, it is natural to ask which sequencing of reforms is a more accurate description of emerging economies’ experiences. There is ample documentation showing the prevalence of the sequencing in our first experiment: Reduction of ...
From Great Depression to Great Recession
... these countries be more symmetric in their foreign exchange intervention? Should they try to insulate themselves from volatile capital flows? Is this the time to fundamentally rethink the role of finance in national economies, and of cross-border banking flows in the world economy? How do we create ...
... these countries be more symmetric in their foreign exchange intervention? Should they try to insulate themselves from volatile capital flows? Is this the time to fundamentally rethink the role of finance in national economies, and of cross-border banking flows in the world economy? How do we create ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... a balance-of-payments and financial crisis, and huge costs in terms of output and employment. Unlike those of other countries in the region, the crisis was not caused by fiscal imbalances but was triggered by a deteriorating international environment, a misaligned exchange rate, and a weak financial ...
... a balance-of-payments and financial crisis, and huge costs in terms of output and employment. Unlike those of other countries in the region, the crisis was not caused by fiscal imbalances but was triggered by a deteriorating international environment, a misaligned exchange rate, and a weak financial ...
The Panorama of the East Asian Crisis and the IMF`s
... followed by foreign investors who saw potential in Thailand’s young fast growing economy. The newly liberalized capital market system amplified the capital inflow into Thailand. While all these events were unfolding, Thai banks did not hedge against their foreign currency debts because they thought ...
... followed by foreign investors who saw potential in Thailand’s young fast growing economy. The newly liberalized capital market system amplified the capital inflow into Thailand. While all these events were unfolding, Thai banks did not hedge against their foreign currency debts because they thought ...
mmi14-Cheung 19106708 en
... component of China’s economic policy since 1949, but only until recently have been scrutinized by the international community. As usual, debates on China bring up different perspectives and the one on China’s capital controls is of no exception. One viewpoint is that capital controls allow China to ...
... component of China’s economic policy since 1949, but only until recently have been scrutinized by the international community. As usual, debates on China bring up different perspectives and the one on China’s capital controls is of no exception. One viewpoint is that capital controls allow China to ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... forces behind the imposition of capital restrictions in a score of countries.5 Rodrik (1998) used a similar index to investigate the effects of capital controls on growth, inflation, and investment between 1979 and 1989. His results suggest that, after controlling for other variables, capital restric ...
... forces behind the imposition of capital restrictions in a score of countries.5 Rodrik (1998) used a similar index to investigate the effects of capital controls on growth, inflation, and investment between 1979 and 1989. His results suggest that, after controlling for other variables, capital restric ...
S05154_en.pdf
... labor markets, particularly for unskilled labor, have remained more regulated than global capital markets, particularly regarding migration from developing countries. Nevertheless, in spite of migration regulations, actual migration flows to the U.S and other industrial economies have been on the ri ...
... labor markets, particularly for unskilled labor, have remained more regulated than global capital markets, particularly regarding migration from developing countries. Nevertheless, in spite of migration regulations, actual migration flows to the U.S and other industrial economies have been on the ri ...
Capital Account Liberalisation and Foreign Direct Investmentin Nigeria
... 1956) which presupposes that capital should be re-allocated from the capital-poor economies to capital-rich economies. Consequently, this is expected to cover the saving-investment gap of these capital-deficit countries and, thus, increases the global capital flow. However, the neoclassical model pr ...
... 1956) which presupposes that capital should be re-allocated from the capital-poor economies to capital-rich economies. Consequently, this is expected to cover the saving-investment gap of these capital-deficit countries and, thus, increases the global capital flow. However, the neoclassical model pr ...
NBER WORKING PAPER SERIES OPENNESS, TECHNOLOGY CAPITAL, AND DEVELOPMENT Ellen McGrattan
... Economists generally agree that being open has large economic benefits. This view is based mostly on empirical evidence [7, 10] because existing economic theory provides little support for this view. Here we develop a theoretical framework and use it to conclude that there are large gains to opennes ...
... Economists generally agree that being open has large economic benefits. This view is based mostly on empirical evidence [7, 10] because existing economic theory provides little support for this view. Here we develop a theoretical framework and use it to conclude that there are large gains to opennes ...
Unchain the Gain - Arizona Chamber of Commerce
... federal capital gains rate for those earning less than $69,000 is 0%. Using that model and Arizona’s existing tax brackets, the rate could be reduced to 0% for those earning less than $50,000. Alignment with the federal government could also be achieved using an exclusion or deduction rather than a ...
... federal capital gains rate for those earning less than $69,000 is 0%. Using that model and Arizona’s existing tax brackets, the rate could be reduced to 0% for those earning less than $50,000. Alignment with the federal government could also be achieved using an exclusion or deduction rather than a ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... turing had reached two-thirds of the West German level by 1978. All of these estimates support the catch-up or convergence hypothesis, but at the same time, they also indicate that South Korea has not yet achieved full convergence to the industrial nations level. ...
... turing had reached two-thirds of the West German level by 1978. All of these estimates support the catch-up or convergence hypothesis, but at the same time, they also indicate that South Korea has not yet achieved full convergence to the industrial nations level. ...
Boom and Bust of Equity Portfolio Flows to Emerging Markets A
... similar times and, by implication, the highest R-Squared value will give an indication of which stocks are the best. With this in mind, a well-diversified investor would most likely pick a combination of equities that have low R-squared values in relation to one another so as to spread his risk and ...
... similar times and, by implication, the highest R-Squared value will give an indication of which stocks are the best. With this in mind, a well-diversified investor would most likely pick a combination of equities that have low R-squared values in relation to one another so as to spread his risk and ...