Overlapping Families of Infinitely-lived Agents
Title | Overlapping Families of Infinitely-lived Agents PDF eBook |
Author | Philippe Weil |
Publisher | |
Pages | 31 |
Release | 1987 |
Genre | Inheritance and succession |
ISBN |
Overlapping Generations
Title | Overlapping Generations PDF eBook |
Author | Stephen E. Spear |
Publisher | Emerald Group Publishing |
Pages | 200 |
Release | 2023-09-04 |
Genre | Business & Economics |
ISBN | 1837530548 |
The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.
External Balance in Low Income Countries
Title | External Balance in Low Income Countries PDF eBook |
Author | Mr.Thierry Tressel |
Publisher | International Monetary Fund |
Pages | 54 |
Release | 2009-10-01 |
Genre | Business & Economics |
ISBN | 1451873689 |
This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses on indicators specific to low income countries, such as the quality of policies and institutions, the special access to official external financing, and the role of shocks. In addition to more standard factors, we find that domestic financial liberalization is associated with higher current account balances and net foreign asset positions, while capital account liberalization is associated with lower current account balances and net foreign asset positions and with more appreciated real exchange rates. Negative exogenous shocks tend to raise (reduce) the current account in countries with closed (opened) capital accounts. Finally, foreign aid is progressively absorbed over time through net imports, and is associated with a more depreciated real exchange rate in the long-run.
Resolving a Large Contingent Fiscal Liability
Title | Resolving a Large Contingent Fiscal Liability PDF eBook |
Author | Mr.Mark J Flanagan |
Publisher | International Monetary Fund |
Pages | 42 |
Release | 2008-06-01 |
Genre | Business & Economics |
ISBN | 1451870175 |
On occasion, a government may find itself confronted with a need to address a large contingent or off balance sheet fiscal liability. Implementing a settlement raises issues of fiscal sustainability and macroeconomic stability. This paper surveys the key design issues, and draws lessons from recent Eastern European experience. It then considers in more detail the particular case of Ukraine, and how it might approach its own large contingent liability-the so-called lost savings-which at end-2007 amounted to as much as 18 percent of GDP.
Dimensions of Tax Design
Title | Dimensions of Tax Design PDF eBook |
Author | James A. Mirrlees |
Publisher | Oxford University Press |
Pages | 1360 |
Release | 2010-04-29 |
Genre | Business & Economics |
ISBN | 0199553750 |
The Review was chaired by Nobel Laureate Professor Sir James Mirrlees of the University of Cambridge and the Chinese University of Hong Kong. --
Perspectives on the Performance of the Continental Economies
Title | Perspectives on the Performance of the Continental Economies PDF eBook |
Author | Edmund S. Phelps |
Publisher | MIT Press |
Pages | 511 |
Release | 2011 |
Genre | Business & Economics |
ISBN | 0262015315 |
These chapters, written from widely varying perspectives demonstrates the shortcomings and strengths of some methods of econmoics as much as they do the shortcomings and strengths of some economies of Western continental Europe.
Financial Crisis and the Failure of Economic Theory
Title | Financial Crisis and the Failure of Economic Theory PDF eBook |
Author | Jorge Turmo Arnal |
Publisher | Routledge |
Pages | 209 |
Release | 2015-10-06 |
Genre | Business & Economics |
ISBN | 1317317440 |
The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This anthropological approach uses the strengths of many existing economic theories, including Keynesian and Austrian economics, to present a new framework for anticipating and averting the financial crises of the future.