Results 261 to 270 of about 1,094,633 (300)
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1996
Abstract Deals with the process of stabilization after the economic crisis suffered by India in 1991. It presents a mixture of evidence and theory to examine the success of various stabilization methods attempted. It shows how stabilization was achieved for the medium term through successful reorientation of the balance of payments. This
Vijay Joshi, I. M. D. Little
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Abstract Deals with the process of stabilization after the economic crisis suffered by India in 1991. It presents a mixture of evidence and theory to examine the success of various stabilization methods attempted. It shows how stabilization was achieved for the medium term through successful reorientation of the balance of payments. This
Vijay Joshi, I. M. D. Little
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SSRN Electronic Journal, 2015 Summary: A rapid recovery from deflationary shocks that result in transition to the Zero Lower Bound (ZLB) requires that policy generate an inflationary counter-force. Monetary policy cannot achieve it and the lesson of the 2007-2015 Great Recession is that growing debt give rise to a political gridlock which prevents restoration to full employment ...
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Optimal Policies for Economic Stabilization
Econometrica, 1973SOME FIFTEEN YEARS have passed since Phillips [15] first showed that the application of certain types of stabilization policies to multiplier-accelerator macroeconomic models could result in undesired oscillations or instabilities. It has become clear from this and other analyses of macroeconomic policy [1, 3, 5, 16] that, because of the dynamic ...
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2011
AbstractThis chapter tackles the problem of the stabilization policies of governments that emerge as responses to shocks on the economy. It describes the current trend of using microfounded models for policy analysis. It provides two examples of optimal policies with microfounded models: optimal seigniorage under uncertainty and the non-Walrasian ...
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AbstractThis chapter tackles the problem of the stabilization policies of governments that emerge as responses to shocks on the economy. It describes the current trend of using microfounded models for policy analysis. It provides two examples of optimal policies with microfounded models: optimal seigniorage under uncertainty and the non-Walrasian ...
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Understanding Policy Reversals and Policy Stability
2017This chapter discusses structural, institutional, and situational factors that exercise influence on nuclear energy policy decisions. It reviews the respective literatures and introduces the dependent variable, i.e. nuclear energy policy reversals. Building in particular on the work of Kitschelt (1986) and Midttun and Rucht (1994), the chapter then ...
Müller, Wolfgang Claudius +1 more
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Stabilization Policy--the Chilean Case
Journal of Political Economy, 1970This paper analyzes the design of the stabilization policy, particularly its cost model, which was applied in Chile in 1965, and was then used as the basis for policy in following years. It briefly describes the choice of strategy, develops the analytical model used, sets forth specific policy proposals, and evaluates the results.
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International interdependencies in fiscal stabilization policies
European Economic Review, 2006Abstract Trade links imply that business cycle fluctuations are transmitted among trade partners. To the extent that fiscal policy can mitigate business cycle fluctuations international interdependencies in stabilization policies arise. We analyse in a two country general equilibrium model the role of fiscal policy in mitigating risk or providing ...
Andersen, T.M., Spange, M.
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Price stabilizing, Pareto improving policies
Economic Theory, 2010The paper studies a simple three period overlapping generations (OLG) model with incomplete markets and shows that stabilisation may be welfare improving. Volatility of endogenous variables is created by volatility in demand and supply. Thus, curbing price volatility must be done by limiting, directly or indirectly, the actions of agents.
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Policy Accommodation and Gradual Stabilizations
Journal of Money, Credit and Banking, 1995Gradual stabilizations are usually the result of policy accommodation that attempts to avoid the recessionary costs of a sharp reduction of inflation. This paper presents two models that are consistent with the fact that, despite their dislike of inflation, policymakers nevertheless most often choose to adopt accommodative policies and implement ...
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