Showing 1 - 10 of 66,316
. Different rules generate different paths for the markup and the terms of trade. A comparison of welfare levels suggests that …
Persistent link: https://www.econbiz.de/10005027858
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic...
Persistent link: https://www.econbiz.de/10013147766
The article analyzes the interaction between monetary and fiscal policy in Mexico. We calibrated a semi-structural model for a small open economy, based on Aguilar and Ramírez-Bulos (2018), for Mexico by using quarterly data from 2001Q1 to 2019Q4. The fiscal policy block models the fiscal...
Persistent link: https://www.econbiz.de/10014382792
Capital accumulation in Argentina was slow in the 1990s, despite high total factor productivity (TFP) growth and low … grounds that previous historical developments had led them to perceive Argentina as a country prone to external debt … environment can magnify the asymmetry. A quantitative implementation of the model economy to data from Argentina accounts, in line …
Persistent link: https://www.econbiz.de/10012030046
This paper studies the dynamics of lending and deposit rates in four emerging markets in Latin America: Argentina … Latinoamérica: Argentina, Chile, Colombia y México. La dinámica de las tasas de interés muestra un comportamiento de cambio de …
Persistent link: https://www.econbiz.de/10005769449
The Argentine economy has grown 94 percent for the years 2002-2011, using International Monetary Fund projections for the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth rates in the world. It also compares favorably to...
Persistent link: https://www.econbiz.de/10009359466
The paper sheds light on the apparent success of dollarization in Ecuador. The experience of Argentina with … sustainability of the currency remains the source of external funds. Whereas in Argentina the IMF and international capital flows …
Persistent link: https://www.econbiz.de/10003766392
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
We explore the ability of core inflation to predict headline CPI annual inflation for a sample of 8 developing economies in Latin America during the period January 1995-May 2017. Our in-sample and out-of-sample results are roughly consistent in providing evidence of predictability in the great...
Persistent link: https://www.econbiz.de/10012950890
This paper contains an empirical analysis of the dynamic effects of monetary policy on Swedish data within a framework consistent with the theoretical New-Keynesian type of small open economy models. Because of what appears to be time-varying seasonal patterns in the data, I argue that it is of...
Persistent link: https://www.econbiz.de/10010321258