Showing 1 - 10 of 69
The paper provides an alternative explanation for the “resource curse” based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected...
Persistent link: https://www.econbiz.de/10005059112
This article provides an alternative explanation for the ‘resource curse’ based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the nonresource sector is adversely...
Persistent link: https://www.econbiz.de/10010549373
Persistent link: https://www.econbiz.de/10009817744
The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB’s recent experience in adding the exchange rate as a complementary monetary policy tool to stimulate...
Persistent link: https://www.econbiz.de/10011242190
Persistent link: https://www.econbiz.de/10010884029
Persistent link: https://www.econbiz.de/10009175446
Persistent link: https://www.econbiz.de/10008930916
We review evidence regarding the size and evolution of the "land rush" in the wake of the 2007-2008 boom in agricultural commodity prices and study determinants of foreign land acquisition for large-scale agricultural investment. Using data on bilateral investment relationships to estimate...
Persistent link: https://www.econbiz.de/10011133076
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output - the delay between a discovery and production is on average 4 to 6 years.  We first...
Persistent link: https://www.econbiz.de/10011164413
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output–the delay between a discovery and production is on average 4 to 6 years. We first...
Persistent link: https://www.econbiz.de/10011123640