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Inflation dynamics and monetary policy transmission in Vietnam and emerging Asia
Bhattacharya, Rina - 2013
This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …
Persistent link: https://www.econbiz.de/10012667557
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Macroeconomic Adjustment with Segmented Labor Markets
Aizenman, Joshua - 1994
framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor …
Persistent link: https://www.econbiz.de/10014396485
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Debt, investment, and growth in developing countries with segmented labor markets
Buffie, Edward F.; Zanna, Luis-Felipe; Adam, Christopher S. - 2020
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012252029
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Impact of demographic changes on inflation and the macroeconomy
Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014
Persistent link: https://www.econbiz.de/10010479415
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Loss-of-learning and the post-Covid recovery in low-income countries
Buffie, Edward F.; Adam, Christopher S.; Zanna, Luis-Felipe - 2022
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013170278
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Do monetary policy frameworks matter in low income countries?
Carare, Alina; De Resende, Carlos; Levin, Andrew T.; … - 2020
In recent years, many Low-Income Countries (LICs) have implemented substantial reforms to their monetary policy frameworks, but existing economic research has not provided a clear rationale to guide those efforts. In this paper we analyze the role of monetary policy frameworks in the propagation...
Persistent link: https://www.econbiz.de/10012300596
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Robust measures of core inflation for Vietnam
Kalra, Sanjay; Bui Thi Trang Dzung - 2016
The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core … inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering … available, making them valuable tools for the State Bank of Vietnam on an ongoing basis …
Persistent link: https://www.econbiz.de/10011436747
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Fiscal dominance in Sub-Saharan Africa revisited
Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021
This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...
Persistent link: https://www.econbiz.de/10012517915
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Inflation and Growth in Transition : Are the Asian Economies Different?
Sløk, Torsten - 1999
This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia …
Persistent link: https://www.econbiz.de/10014401125
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Imported food price shocks and socio-political instability : do fiscal policy and remittances matter?
Meyimdjui, Carine - 2020
Using a panel of 101 low- and middle-income countries with data covering the period 1980-2012, this paper applies various econometric approaches that deal with endogeneity issues to assess the impact of food price shocks on socio-political instability once fiscal policy and remittances have been...
Persistent link: https://www.econbiz.de/10012392596