How to Move the Exchange Rate If You Must: The Diverse Practice of Foreign Exchange Intervention by Central Banks and a Proposal for Doing it Better
In: World Bank Policy Research Working Paper No. 6460
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In: World Bank Policy Research Working Paper No. 6460
SSRN
Working paper
In: Journal of development economics, Band 61, Heft 1, S. 237-253
ISSN: 0304-3878
In: Revue économique, Band 47, Heft 3, S. 831-840
ISSN: 1950-6694
Résumé Après avoir établi une typologie des régimes non démocratiques suivant leurs objectifs de politique économique, on étudie les implications en matière de croissance économique de leurs choix de dépenses publiques et de taxation. En utilisant des indicateurs composites se rapportant au type du système économique, on établit une classification des pays non démocratiques sous les différents régimes. Des tests de convergence conditionnelle reposant sur cette classification corroborent les prévisions du modèle théorique.
In: Revue économique, Band 46, Heft 3, S. 889-899
ISSN: 1950-6694
In: Revue économique, Band 45, Heft 3, S. 737
ISSN: 1950-6694
In: Revue économique, Band 41, Heft 1, S. 95
ISSN: 1950-6694
In: International economics and economic policy, Band 13, Heft 4, S. 641-668
ISSN: 1612-4812
In: World Bank Policy Research Working Paper No. 6732
SSRN
Working paper
In: Revue économique, Band 48, Heft 3, S. 471
ISSN: 1950-6694
In: Journal of international development: the journal of the Development Studies Association, Band 17, Heft 7, S. 931-955
ISSN: 1099-1328
In: Journal of international development: the journal of the Development Studies Association, Band 28, Heft 6, S. 887-901
ISSN: 1099-1328
AbstractEvidence from a large panel of low‐income and lower middle‐income countries over the period 1995–2012 suggests that, contrary to that in other countries, public investment in the West African Economic and Monetary Union has been pro‐cyclical. Public investment contracts more in 'bad times' than it increases in 'good times' and appears to have become pro‐cyclical since the introduction of the fiscal convergence criteria in 1994. The pro‐cyclicality of public expenditure and the high asymmetry of shocks that affect West African Economic and Monetary Union countries justify exploring options for greater counter‐cyclicality of rules‐based fiscal frameworks and for risk sharing. Copyright © 2014 John Wiley & Sons, Ltd.
In: Economic Development and Cultural Change, Band 50, Heft 2, S. 395-426
ISSN: 1539-2988
In: Revue économique, Band 50, Heft 3, S. 511-521
ISSN: 1950-6694
Résumé
In: Revue économique, Band 49, Heft 1, S. 195-206
ISSN: 1950-6694
In: Revue économique, Band 46, Heft 2, S. 217-235
ISSN: 1950-6694