IMF Staff papers, Volume 46 No. 2

IMF Staff papers, Volume 46 No. 2
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 148
Release: 1999-01-01
Genre: Business & Economics
ISBN: 1451974205

This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plausible modifications to this model improve its performance, providing some hope that future models may do better. The study suggests, though, that although forecasting models may help indicate vulnerability to crises, the predictive power of even the best of them may be limited.

Fiscal Policy in Commodity-exporting LDCs

Fiscal Policy in Commodity-exporting LDCs
Author: John T. Cuddington
Publisher: World Bank Publications
Total Pages: 104
Release: 1988
Genre: Developing countries
ISBN:

Commodity -exporting countries have sometimes found themselves worse off after a boom than before it, due to fiscal mismanagement of the boom proceeds. Good fiscal control during booms can temporarily acc[e]lerate the rate of economic development.

Teen Lives around the World [2 volumes]

Teen Lives around the World [2 volumes]
Author: Karen Wells
Publisher: Bloomsbury Publishing USA
Total Pages: 834
Release: 2019-11-08
Genre: Family & Relationships
ISBN:

This two-volume encyclopedia looks at the lives of teenagers around the world, examining topics from a typical school day to major issues that teens face today, including bullying, violence, sexuality, and social and financial pressures. Teenagers are living in a rapidly changing and increasingly interconnected yet unequal world. Whether they live in Australia or Zimbabwe, they have in common that they are between childhood and adulthood and increasingly aware of how inequality is affecting their lives and futures. This encyclopedia gives a different perspective based on the experiences of teens in 60 countries. Each entry gives the reader a brief sketch of a country to helps readers to understand how geography, history, economics, and politics shape teen life. The entries include a country overview and cover the following topics: Schooling and Education; Extracurricular Activities: Art, Music, and Sports; Family and Social Life; Religions and Cultural Rites of Passage; Rights and Legal Status; and Issues Today. Special sidebars, called Teen Voices, appear throughout the text, and include a description of a typical day in the life of a teen in various countries. Students will be able to gain a better understanding of what life is like around the world for their peers and will be able to easily make cross-cultural comparisons between different countries.

Courting Turmoil and Deferring Prosperity

Courting Turmoil and Deferring Prosperity
Author: Jorge Garc©?a Garc©?a
Publisher: World Bank Publications
Total Pages: 192
Release: 1997-01-01
Genre: Business & Economics
ISBN: 9780821326565

This volume is part of a recently completed research project at the World Bank that reviewed the macroeconomic experience of 18 developing countries from the mid-1960s. The period encompassed two oil shocks, two world recessions, a sharp rise in world interest rates, the debt crisis, and changes in exchange rate regimes. In this context, Colombia provides an almost unparalleled example of steady long-term economic growth despite external shocks, political crises, civil strife, reliance on a single, dominant commodity (coffee), and the rising importance of illicit drugs in the economy. 'Courting Turmoil and Deferring Prosperity' looks at how Colombia managed to avoid major prolonged economic crises against all odds. Its economy has confronted several external and internal shocks from the mid-1960s, mainly due to the country's reliance on exports of coffee, the price volatility of which can greatly affect the economy. The period also witnessed major policy changes, including a long-term shift from an essentially inward-oriented development strategy, based on industrialization through import substitution, to an outward-oriented, export-led strategy. The authors' analysis differs from most existing literature on the Colombian economy in two important ways: it evaluates policy responses to shocks in terms of their success in achieving short-run stabilization, as well as their impact on long-run growth; and it explores the intimate links between economic policies and the specific political and social ideologies, institutions, and structures in Colombia that have historically conditioned government policymaking. The report also highlights the role of prudent macroeconomic policies for crisis avoidance and analyzes the links between fiscal policy, trade policy, and exchange rates.

Handbook of Economic Expectations

Handbook of Economic Expectations
Author: Ruediger Bachmann
Publisher: Elsevier
Total Pages: 876
Release: 2022-11-04
Genre: Business & Economics
ISBN: 0128234768

Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty. - Combines information about the creation of economic expectations and their theories, applications and likely futures - Provides a comprehensive summary of economics expectations literature - Explores empirical and theoretical dimensions of expectations and their relevance to a wide array of subfields in economics

A Monetary and Fiscal History of Latin America, 1960–2017

A Monetary and Fiscal History of Latin America, 1960–2017
Author: Timothy J. Kehoe
Publisher: U of Minnesota Press
Total Pages: 643
Release: 2022-01-11
Genre: Business & Economics
ISBN: 1452965846

A major, new, and comprehensive look at six decades of macroeconomic policies across the region What went wrong with the economic development of Latin America over the past half-century? Along with periods of poor economic performance, the region’s countries have been plagued by a wide variety of economic crises. This major new work brings together dozens of leading economists to explore the economic performance of the ten largest countries in South America and of Mexico. Together they advance the fundamental hypothesis that, despite different manifestations, these crises all have been the result of poorly designed or poorly implemented fiscal and monetary policies. Each country is treated in its own section of the book, with a lead chapter presenting a comprehensive database of the country’s fiscal, monetary, and economic data from 1960 to 2017. The chapters are drawn from one-day academic conferences—hosted in all but one case, in the focus country—with participants including noted economists and former leading policy makers. Cowritten with Nobel Prize winner Thomas J. Sargent, the editors’ introduction provides a conceptual framework for analyzing fiscal and monetary policy in countries around the world, particularly those less developed. A final chapter draws conclusions and suggests directions for further research. A vital resource for advanced undergraduate and graduate students of economics and for economic researchers and policy makers, A Monetary and Fiscal History of Latin America, 1960–2017 goes further than any book in stressing both the singularities and the similarities of the economic histories of Latin America’s largest countries. Contributors: Mark Aguiar, Princeton U; Fernando Alvarez, U of Chicago; Manuel Amador, U of Minnesota; Joao Ayres, Inter-American Development Bank; Saki Bigio, UCLA; Luigi Bocola, Stanford U; Francisco J. Buera, Washington U, St. Louis; Guillermo Calvo, Columbia U; Rodrigo Caputo, U of Santiago; Roberto Chang, Rutgers U; Carlos Javier Charotti, Central Bank of Paraguay; Simón Cueva, TNK Economics; Julián P. Díaz, Loyola U Chicago; Sebastian Edwards, UCLA; Carlos Esquivel, Rutgers U; Eduardo Fernández Arias, Peking U; Carlos Fernández Valdovinos (former Central Bank of Paraguay); Arturo José Galindo, Banco de la República, Colombia; Márcio Garcia, PUC-Rio; Felipe González Soley, U of Southampton; Diogo Guillen, PUC-Rio; Lars Peter Hansen, U of Chicago; Patrick Kehoe, Stanford U; Carlos Gustavo Machicado Salas, Bolivian Catholic U; Joaquín Marandino, U Torcuato Di Tella; Alberto Martin, U Pompeu Fabra; Cesar Martinelli, George Mason U; Felipe Meza, Instituto Tecnológico Autónomo de México; Pablo Andrés Neumeyer, U Torcuato Di Tella; Gabriel Oddone, U de la República; Daniel Osorio, Banco de la República; José Peres Cajías, U of Barcelona; David Perez-Reyna, U de los Andes; Fabrizio Perri, Minneapolis Fed; Andrew Powell, Inter-American Development Bank; Diego Restuccia, U of Toronto; Diego Saravia, U de los Andes; Thomas J. Sargent, New York U; José A. Scheinkman, Columbia U; Teresa Ter-Minassian (formerly IMF); Marco Vega, Pontificia U Católica del Perú; Carlos Végh, Johns Hopkins U; François R. Velde, Chicago Fed; Alejandro Werner, IMF.