Results 11 to 20 of about 155,845 (336)
Elections and the timing of devaluations [PDF]
Journal of International Economics, 1999 This paper presents a rational political budget cycle model for an open economy, in which devaluations are delayed in the pre-election period so as to increase the electoral chances of the party in office. By concentrating on closed economies, previous political cycle models had overlooked the influence of elections on the behavior of exchange rates ...
Stein, Ernesto Hugo, Streb, Jorge Miguel
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The Devaluation Effect: Activating a Need Devalues Unrelated Objects: Figure 1 [PDF]
Journal of Consumer Research, 2003 It is commonly assumed that an object capable of satisfying a need will be perceived as subjectively more valuable as the need for it intensifies. For example, the more active the need to eat, the more valuable food will become. This outcome could be called a valuation effect. In this article, we suggest a second basic influence of needs on evaluations:
Brendl, C Miguel +2 more
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Devaluation (levels versus rates) and balance of payments in a cash-in-advance economy [PDF]
, 2003 This paper investigates the consequences of the currency devalution, both in levels and rates, on the balance of payments in a cash-in-advance economy with finite horizons, endogenous capital accumulation and international capital immobility.
Petrucci, Alberto
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Does Nominal Devaluation Precede Real Devaluation in Floating Exchange Rate Regime? An Empirical Investigation for Ghana [PDF]
Pakistan Journal of Commerce and Social Sciences, 2009 This paper attempts to examine the link between nominal devaluation and real devaluation with special reference to Ghana. To find this relationship, we have employed some sophisticated tests such as ADF, P-P & Ng-Perron unit root tests; ARDL Bounds ...
Mohammad Shahbaz, Mohammad Salahuddin
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THE ASSET DEVALUATION PROBLEM [PDF]
Journal of Agricultural and Applied Economics, 1986 Agricultural Finance,
Breimyer, Harold F.
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SSRN Electronic Journal, 2011 The authors show that even when the exchange rate cannot be devalued, a small set of conventional fiscal policy instruments can robustly replicate the real allocations attained under a nominal exchange rate devaluation in a standard New Keynesian open economy environment. They perform the analysis under alternative pricing assumptions-producer or local
Farhi, Emmanuel +2 more
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IMF Economic Review, 2009 The paper analyzes optimal policy in a simple small open economy model with price setting frictions. In particular, the paper studies the optimal response of the nominal exchange rate following a terms-of-trade shock. The paper departs from the New Keynesian (NK) literature in that it explicitly models internationally traded commodities as intermediate
Constantino Hevia, Juan Pablo Nicolini
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Optimal Fiscal Devaluation [PDF]
SSRN Electronic Journal, 2012 We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal devaluation lowers the agents' purchasing power, which is
Langot, François +2 more
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