The Elasticity of Substitution in Demand for Non-Tradable Goods in Latin America: The Case of Argentina [PDF]
The objective of this paper is to estimate the elasticity of substitution in the demand for non-tradable goods relative to tradable goods in Argentina. This parameter plays a crucial role in the analysis of the macroeconomic equilibrium of a small open ...
Alejandra Clemente +4 more
core
The Elasticity of Substitution in Demand for Non-Tradable Goods in Costa Rica [PDF]
Using quarterly (annual) information on consumption and prices of non-tradable goods for the period 1980-2002 (1981-2001), this paper estimates the elasticity of substitution in demand for non-tradable goods in Costa Rica. The unit root and cointegration
Edgar Robles C., Gilberto E. Arce
core
Monetary Policy and the Stock Market: Some International evidence [PDF]
This paper presents a model where opening the capital account of an economy causes more bankruptcies to take place in the non tradables sector. Non tradable arms must forecast the future state of the economy when investing since the demand for their ...
Luis Angeles
core
Endogenous non-tradable earnings and households’ demand for risky assets
, 2014 Using French survey data, we explore empirically whether earnings uncertainty and borrowing constraints decrease households demand for risky assets, consistent with theoretical predictions. A major empirical problem is the potential endogeneity bias of income risk, as more risk averse households may simultaneously choose safer occupations and invest ...
Arrondel, Luc, Calvo-Pardo, Hector
openaire +1 more source
The dynamics of inequality change in a highly dualistic economy: Honduras, 1991-2007 [PDF]
We examine the drivers of inequality change in Honduras between 1991-2007, trying to understand why inequality increased in Honduras until 2005, while it was falling in most other Latin American countries.
Carlos Villalobos Barría +2 more
core
The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98 [PDF]
In this paper we analyze the evolution of the Mexican economy between 1995 and 1998. The remarkable quick recovery seen in aggregate activity has not been uniform across the economy.
Aaron Tornell, Anne Krueger
core
Mechanisms for Abating Global Emissions Under Uncertainty [PDF]
We give theoretical, partial equilibrium comparisons of a tax with thresholds, tradable targets ('emissions trading' or ET), and non-tradable targets, as mechanisms to abate well-mixed ('global') emissions from many parties, under independent ...
Frank Jotzo, John C. V. Pezzey
core
Inflation dynamics and dual inflation in accession countries: a 'New Keynesian' perspective
, 2002 This paper examines inflation dynamics in the current EU-accession countries in central and eastern Europe, focusing particularly on the determinants of 'dual inflation', that is, diverging inflation rates for tradable and non-tradable goods.
Arratibel, Olga +2 more
core
The Elasticity of Substitution in Demand for Non-Tradable Goods in Uruguay [PDF]
This paper`s main goal is to estimate the elasticity of substitution of non-tradable goods, paying special attention to empirical problems related to time-varying parameters, missing regressors and model misspecification. To that end, the paper creates a
Fernando Lorenzo +2 more
core
Global Imbalances, Current Account Rebalancing and Exchange Rate Adjustments [PDF]
We analyze the global imbalances and the required adjustments for rebalancing in current accounts and real exchange rates. We set up a two-country two-sector model for the US- China with two asymmetries.
Arslan, Yavuz +2 more
core +1 more source