Results 271 to 280 of about 19,781,428 (312)
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1992
The interaction between macroeconomic and agricultural sector reforms is of vital importance to developing and East European economies, whose agricultural sectors account for major shares of economic activity and income. Derived from a conference organised jointly by the Centre for Economic Policy Research and the OECD Development Centre, the papers in
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The interaction between macroeconomic and agricultural sector reforms is of vital importance to developing and East European economies, whose agricultural sectors account for major shares of economic activity and income. Derived from a conference organised jointly by the Centre for Economic Policy Research and the OECD Development Centre, the papers in
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1996
This chapter extends the basic model into a two-country framework. Since the work of Feldstein (1978), Bradford (1980a, 1980b), Mieskowski (1980), and Summers (1981b) among others, the consumption tax policy has gained considerable support in the last decade or so. Section 2 demonstrates the results of the conventional wisdom.
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This chapter extends the basic model into a two-country framework. Since the work of Feldstein (1978), Bradford (1980a, 1980b), Mieskowski (1980), and Summers (1981b) among others, the consumption tax policy has gained considerable support in the last decade or so. Section 2 demonstrates the results of the conventional wisdom.
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1989
One of the oldest propositions in economics is that unrestricted international trade is beneficial to all participating countries1. Indeed, it has been argued in the Heckscher-Ohlin theory that trade is a partial substitute for international mobility of labour and capital and under very restrictive assumptions it has been shown that factor prices (wage
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One of the oldest propositions in economics is that unrestricted international trade is beneficial to all participating countries1. Indeed, it has been argued in the Heckscher-Ohlin theory that trade is a partial substitute for international mobility of labour and capital and under very restrictive assumptions it has been shown that factor prices (wage
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What to stabilize in the open economy*
International Economic Review, 2002We consider the question how “best” to maintain price‐level stability in an open economy, and evaluate three possible policy choices: (a) a constant money growth rate rule; (b) a fixed exchange rate; and (c) a policy of explicit commitment to a price‐level target. In each case we assume that policy is conducted by injecting reserves into or withdrawing
Valerie R. Bencivenga +2 more
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1982
The analysis of the behaviour of the open economy, with trade in goods and services and inflows and outflows of capital, brings us closer to the typical problems of the real economy. While the ideas discussed in the last chapter might be applied to the world as a whole, important new considerations now appear which affect the economic behaviour of one ...
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The analysis of the behaviour of the open economy, with trade in goods and services and inflows and outflows of capital, brings us closer to the typical problems of the real economy. While the ideas discussed in the last chapter might be applied to the world as a whole, important new considerations now appear which affect the economic behaviour of one ...
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Hartwick's Rule in Open Economies
The Canadian Journal of Economics, 1986To sustain constant consumption the Hartwick rule prescribes reinvesting all resource rents in reproducible capital. This paper shows that the rule does not apply to open economies, since the underlying stationary technology assumption is violated when gains from trade are taken into account.
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STAGFLATION IN AN OPEN ECONOMY *
Oxford Economic Papers, 1979Brecher, Richard A, Heady, Christopher J
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Financial Policies in an Open Economy
Economica, 1978The large number of countries now pursuing flexible rates justifies another look at the small-country case under such an exchange rate regime. The Metzlerian (1951) macro-model, which was opened up to world trade by Mundell (1961b), provides an elegant framework for the analysis.
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Informational Efficiency and the Open Economy
Journal of Money, Credit and Banking, 1982A TROUBLESOME FEATURE of existing stochastic macroequilibrium models of the open economy is the nature of the informational assumptions usually made. Most of these models assume that full contemporaneous information on all relevant macrovariables is freely available to economic agents.
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Emerging Enablers of Green Low-Carbon Development: Do Digital Economy and Open Innovation Matter?
Energy Economics, 2023Cristina-Roxana Tănăsescu, Yufeng Liu
exaly