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Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated …-line policymakers in developing and emerging market economies, the book addresses questions such as ‘What monetary policy framework is …
Persistent link: https://www.econbiz.de/10011171145
What exactly is 'economic marginalization'? How should one conceptualize it, and what are the implications of such conceptualization? Economic marginalization can be conceptualized as outcome or as process (or structure). On outcomes, marginalization can be a static description, or a dynamic...
Persistent link: https://www.econbiz.de/10005528133
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Persistent link: https://www.econbiz.de/10008926052
Standard economic analysis assumes the sets of public and private goods to be exogenously given. Yet societies very often choose the public-private mix, using resources to convert seemingly private goods into ones with public goods characteristics and vice versa. And, in practice, we see a...
Persistent link: https://www.econbiz.de/10011070521
We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers...
Persistent link: https://www.econbiz.de/10010882382
We analyze conflicts between communities. A community-specific public good, to which members make voluntary contributions, defines communities. Some, but not all, members of one community may contribute towards another community’s public good. Such ‘bridging’ contributions will not occur...
Persistent link: https://www.econbiz.de/10010882404
This paper establishes and explores the implications of a somewhat surprising empirical finding. Although civil war adversely affects the performance of social indicators in general, poorer countries lose less, in absolute and relative terms, than richer countries. It is argued that the...
Persistent link: https://www.econbiz.de/10010882418
We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from which outsiders are excluded. We formulate the...
Persistent link: https://www.econbiz.de/10010882456
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is commonly perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditures. We examine the logic of this exemption....
Persistent link: https://www.econbiz.de/10010921267