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Macroeconomic stability in developing countries - How much is enough?

Montiel, Peter; Serven, Luis - Economics Research, World Bank Group - 2004

In the 1990s macroeconomic policies improved in a majority of developing countries, but the growth dividend from such improvement fell short of expectations, and a policy agenda focused on stability turned out to be associated with a multiplicity of financial crises. The authors take a...

Persistent link: https://www.econbiz.de/10005133542

The structural determinants of external vulnerability

Loayza, Norman V.; Raddatz, Claudio - Economics Research, World Bank Group - 2006

The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...

Persistent link: https://www.econbiz.de/10004989864

Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence

Min, Hong-Ghi - Economics Research, World Bank Group - 2002

The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …

Persistent link: https://www.econbiz.de/10005079501

Are external shocks responsible for the instability of output in low income countries?

Raddatz, Claudio - Economics Research, World Bank Group - 2005

External shocks, such as commodity price fluctuations, natural disasters, and the role of the international economy, are often blamed for the poor economic performance of low-income countries. The author quantifies the impact of these different external shocks using a panel vector autoregression...

Persistent link: https://www.econbiz.de/10005079828

How financial markets affect long run growth : a cross country study

Ghani, Ejaz - Economics Research, World Bank Group - 1992

Empirical studies on new growth theory have tended to ignore financial policy's role in development. The author provides evidence that the initial level of financial development is positively associated with a country's later GDP growth rate, after controlling for the effect of the starting...

Persistent link: https://www.econbiz.de/10005128506

Public policies and saving in developing countries

Corbo, Vittorio; Schmidt-Hebbel, Klaus - Economics Research, World Bank Group - 1991

This paper draws on estimates of consumption functions for 13 developing countries to analyze the effectiveness of public policy in raising saving. First, it provides evidence from time-series and panel data on how liquidity constraints affect consumption functions. This suggests that a rise in...

Persistent link: https://www.econbiz.de/10004989751

Can the distributional impacts of macroeconomic shocks be predicted? A comparison of the performance of macro-micro models with historical data for Brazil

Ferreira, Francisco H. G.; Leite, Phillippe G.; Pereira … - Economics Research, World Bank Group - 2004

What was the impact of Brazil's 1998-99 currency crisis-which resulted in a change of exchange rate regime and a large real devaluation-on the occupational structure of the labor force and the distribution of incomes? Would it have been possible to predict such effects ahead of the crisis? The...

Persistent link: https://www.econbiz.de/10005134168

What drives private saving around the world?

Loayza, Norman; Schmidt-Hebbel, Klaus; Serven, Luis - Economics Research, World Bank Group - 2000

The authors investigate the policy and non-policy factors behind saving disparities, using a large panel data set and an encompassing approach including several relevant determinants of private saving. They extend the literature in several dimensions, by: 1) Using the largest data set on...

Persistent link: https://www.econbiz.de/10004989783

After socialism and dirigisme : which way?

Solimano, Andres - Economics Research, World Bank Group - 1992

The author identifies fundamental economic changes in the last 20 years that have influenced the emergence of a new paradigm on economic reform. The new orthodoxy on economic reform emphasizes smaller government, trade liberalization, business deregulation and privatization, macroeconomic...

Persistent link: https://www.econbiz.de/10005030365

PRE working paper series : numbers 628 to 668

Economics Research, World Bank Group - 1991

This paper contains a numerical listing of working papers produced by the Policy, Planning, and External Affairs Complex. Each citation contains a brief abstract, and the contact point for the paper.

Persistent link: https://www.econbiz.de/10005128947