Results 121 to 130 of about 167,357 (305)
Macroeconomic structure and policy in Zimbabwe, analysis and empirical model : 1965-1988 [PDF]
The authors develop and apply a macroeconomic general equilibrium model for Zimbabwe. The country faces the challenge of engaging in a program of fiscal stabilization and structural reform to address its current fiscal imbalance, high unemployment, and ...
Elbadawi, Ibrahim A. +1 more
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Macroeconomic Fluctuations and Equilibrium Discount Factors
IMF Working Papers, 1996 The estimation of discount factors is a central issue in empirical finance, particularly in the literature on excess volatility. In particular, it is difficult to find empirical discount factors that are volatile enough to account for fluctuations in asset prices.
openaire +2 more sources
Misaligned? Overvalued? The Untold Story of the Turkish Lira [PDF]
There is a consensus among scholars that overvalued exchange rates result in currency crises. This paper estimates the equilibrium real exchange rate for Turkey and finds that the lira was indeed overvalued before the crises in 1994 and 2001.
Deniz Atasoy, Sweta C. Saxena
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Asia‐Pacific Economic History Review, EarlyView.Abstract This study examines the development of purchasing power parity between Singapore and Britain during the 19th century. Using new monthly data from 1831 to 1872, it finds that real exchange rates became more stable after the late 1850s. This convergence was supported by growing connections in international bullion markets, which reduced exchange
Atsushi Kobayashi
wiley +1 more source
Pension Reform in Brazil: Transitional Issues in a Model with Endogenous Labor Supply [PDF]
Brazilian PAYG system has been under financial stress and needs to be reformed. I use a computational general equilibrium model, with 55 overlapping generations to simulate macroeconomic and welfare impacts of alternative social security reforms ...
Sergio G. Ferreira
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Resource windfalls and political sabotage: Evidence from 5.2 million political ads
American Journal of Agricultural Economics, EarlyView.Abstract We study the role of incentives in inducing sabotage in political contents, vis‐à‐vis natural resource windfalls. The latter induce plausibly exogenous increases in contests' stakes by extending opportunities for policy implementation or private gain upon winning and enhancing incumbent advantage.
David Lagziel, Ehud Lehrer, Ohad Raveh
wiley +1 more source
On "Real" and "Sticky-Price" Theories of the Business Cycle [PDF]
This paper begins by identifying the distinguishing characteristic of the "real business cycle" (RBC) class of macroeconomic models. It then scruitinizes existing evidence, presented in support of the RBC approach, of three types: calibrated general ...
Bennett T. McCallum
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Brook no compromise: How to negotiate a united front
American Journal of Political Science, EarlyView.Abstract Negotiating factional conflict is crucial to successful coordination: Political parties, rebel alliances, and authoritarian elites must all overcome internal disagreements to survive and achieve collective aims. Actors in these situations sometimes employ hardball tactics to block outcomes they dislike, but at the risk of causing coordination ...
Elaine Yao
wiley +1 more source
Uncertainty Determinants of Corporate Liquidity [PDF]
This paper investigates the link between the optimal level of non-financial firms' liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response ...
Andreas Stephan +3 more
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How FDI reshapes host markets’ trade profile and politics
American Journal of Political Science, EarlyView.Abstract A fast‐growing literature indicates that firms’ engagement in foreign direct investment (FDI) and trade is key to understanding deepening global value chains and their political implications. However, existing studies have mainly focused on the ramifications for FDI home countries while often overlooking the firm‐product level interactions ...
In Song Kim, Steven Liao, Sayumi Miyano
wiley +1 more source