Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? write by Juan Pablo Medina Guzman. This book was released on 2010-08-01. Is Exchange Rate Stabilization a+L4510n Appropriate Cure for the Dutch Disease? available in PDF, EPUB and Kindle. This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.
Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?
Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? write by Ruy Lama. This book was released on 2014. Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? available in PDF, EPUB and Kindle. This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.
Reforming the International Monetary and Financial System
Reforming the International Monetary and Financial System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reforming the International Monetary and Financial System write by Mr.Alexander K. Swoboda. This book was released on 2000-12-18. Reforming the International Monetary and Financial System available in PDF, EPUB and Kindle. This volume examines the implications of greater financial integration on the international monetary and financial system, and how it should be reformed. Various experts consider the most disruptive manifestations of instability and the appropriate policy responses, including exchange rate volatility and misalignments; unstable capital flows to emerging market economies; abrupt capital flow reversals; and private sector involvement in crisis resolution. The IMF’s role in crisis prevention and resolution is also examined.
Toward a More Accurate Measure of the Cost of Living
Toward a More Accurate Measure of the Cost of Living - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Toward a More Accurate Measure of the Cost of Living write by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index. This book was released on 1996. Toward a More Accurate Measure of the Cost of Living available in PDF, EPUB and Kindle.
Frontiers of Business Cycle Research
Frontiers of Business Cycle Research - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Frontiers of Business Cycle Research write by Thomas F. Cooley. This book was released on 1995-02-26. Frontiers of Business Cycle Research available in PDF, EPUB and Kindle. This introduction to modern business cycle theory uses a neoclassical growth framework to study the economic fluctuations associated with the business cycle. Presenting advances in dynamic economic theory and computational methods, it applies concepts to t
