While many economists assume that the restructuring of sovereign external debt is a straightforward matter, there are many practical details that bankers must address in negotiating a new deal. This paper uses the actual problems of the Mexican restructuring as an example of the problems and...

A dynamic model, illustrated on Colombian data, simulates the functioning of an open economy under specified parametric conditions and selected policy scenarios. Whereas related models perform sensitivity analysis for variations in parameters, the authors' procedure makes it possible to simulate...

The conditions by which choices in government policy priorities toward sectoral production may instigate increased income inequality are examined. A dynamic multisectoral model is proposed in which the main link is the necessary correspondence between rapid growth in the production of certain...

The paper uses a computable general equilibrium model to analyze the growth path of the Chilean economy. During the period 1977-1981 a package of reforms liberalized international trade and removed restrictive labour legislation. As a result of the reforms, the economy enjoyed unprecedented...

Untersucht werden die Auswirkungen der U.S.-amerikanischen - japanischen Handelsbeschränkungen in bezug auf japanische Automobilexporte in die USA für Kraftfahrzeugpreise und Qualitätssteigerungen amerikanischer Kleinwagen. + Die japanische "voluntary export restraint" ist ein Beispiel des...