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Forty Years of Latin America'S Economic Development : From the Alliance for Progress to the Washington Consensus

Edwards, Sebastian - 2010

In this paper I analyze the evolution of economic and social conditions in Latin America from the 1950s through the 1980s, when deep external crises erupted in country after country. The point of departure of our story is the political awakening of the region in the late 1950s and early 1960s...

Persistent link: https://www.econbiz.de/10013151815

Diagnosing the Italian Disease

Pellegrino, Bruno - 2017

Italy's aggregate productivity abruptly stopped growing in the mid-1990s. This stop represents a puzzle, as it occurred at a time of stable macroeconomic conditions. In this paper, we investigate the possible causes of this “disease” by using sector and firm-level data. We find that Italy's...

Persistent link: https://www.econbiz.de/10012944645

The Economy of Israel

Fischer, Stanley - 2004

The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …

Persistent link: https://www.econbiz.de/10014118833

Studying Texts : A Gemara of the Israeli Economy

Klein, Michael W. - 2021

This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin%u2019s The Israel Economy: The First Decade, was … written in the late 1950s, and the most recent volume, The Israeli Economy, 1985 - 1998: From Government Intervention to …

Persistent link: https://www.econbiz.de/10013220090

Economic Growth in East Asia Before and after the Financial Crisis

Barro, Robert J. - 2021

In 1997-98, five east Asian countries -- Indonesia, Malaysia, South Korea, the Philippines, and Thailand -- experienced sharp currency and banking crises. The contraction of real GDP was severe in relation to the previous history and in comparison with five east Asian countries that were less...

Persistent link: https://www.econbiz.de/10013234923

Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A.; Talvi, Ernesto - 2021

This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...

Persistent link: https://www.econbiz.de/10013222318

Ai and the Economy

Furman, Jason - 2018

We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …

Persistent link: https://www.econbiz.de/10012916895

Towards a General Theory of Deep Downturns

Stiglitz, Joseph E. - 2015

economy are markedly different from the way envisioned in more traditional models …

Persistent link: https://www.econbiz.de/10013017516

The Transition Economies after Ten Years

Fischer, Stanley; Sahay, Ratna - 2010

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...

Persistent link: https://www.econbiz.de/10014156715

Latin American Economic Development : 1950-1980

Cardoso, Eliana A.; Fishlow, Albert - 2021

The paper stresses the evolutionary and adaptive experience of Latin American growth between 1950 and 1980, and provides a synthetic view by considering the sources of growth within a simple production framework. Regressions use quinquennial panel data for 18 Latin American countries.They...

Persistent link: https://www.econbiz.de/10013246276