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Currency Crashes in Emerging Markets: Empirical Indicators

Frankel, Jeffrey A; Rose, Andrew K - C.E.P.R. Discussion Papers - 1996

We use a panel of annual data for over one hundred developing countries from 1971–92 to characterize currency crashes …

Persistent link: https://www.econbiz.de/10005789137

One Money, One Market: Estimating the Effect of Common Currencies on Trade

Rose, Andrew K - C.E.P.R. Discussion Papers - 1999

trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries …

Persistent link: https://www.econbiz.de/10005666776

Rose, Andrew K - C.E.P.R. Discussion Papers - 2013

stability. Are there important differences between the economic outcomes of the two stable regimes? I examine a panel of annual …

Persistent link: https://www.econbiz.de/10011083734

The Effects of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies

Konings, Jozef - C.E.P.R. Discussion Papers - 2000

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the …. To this end a unique firm level panel data set is used with detailed information on foreign ownership at the firm level … counterparts? (2) Do foreign firms generate spillovers to domestic firms? The estimation technique in this paper takes potential …

Persistent link: https://www.econbiz.de/10005124164

What Happened to Asian Exports During the Crisis?

Duttagupta, Rupa; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2003

After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that contraction in domestic credit affected supply of exports; and that ‘competitive...

Persistent link: https://www.econbiz.de/10005666982

Reforms, Macroeconomic Policy and Economic Performance in Germany

Carlin, Wendy; Soskice, David - C.E.P.R. Discussion Papers - 2007

The conventional diagnosis of Germany’s poor economic performance focuses on supply-side weaknesses and the need for more vigorous reforms to make low-skill labour markets more flexible. We question this on both theoretical and empirical grounds. In an extended version of a New Keynesian model...

Persistent link: https://www.econbiz.de/10005504711

Why People Don't Find Work

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

This paper provides a brief, non-technical survey of the major theories about why people remain unemployed. The aim is to provide a macroeconomic perspective on the microeconomic problem of why people don't find work. The first section deals with market-clearing theories: the natural rate...

Persistent link: https://www.econbiz.de/10005497987

Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?

Sutherland, Alan - C.E.P.R. Discussion Papers - 1995

This paper shows how the power of fiscal policy to affect consumption can vary depending on the level of public debt. At moderate levels of debt fiscal policy has the traditional Keynesian effects. Current generations of consumers discount future taxes because they may not be alive when taxes...

Persistent link: https://www.econbiz.de/10005124306

Asset Market Participation, Monetary Policy Rules and the Great Inflation

Bilbiie, Florin Ovidiu; Straub, Roland - C.E.P.R. Discussion Papers - 2011

This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price DSGE model, whereby at low enough asset market participation,...

Persistent link: https://www.econbiz.de/10009293982

Some Evolutionary Foundations for Price Level Rigidity

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in the face of aggregate shocks. The payoff depends on the level of aggregate demand, as well as on their...

Persistent link: https://www.econbiz.de/10005661497