business cycle associated with exchange-rate-based stabilization
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business cycle associated with exchange-rate-based stabilization

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Published by Macroeconomic Adjustment and Growth, Country Economics Dept., World Bank in [Washington, D.C.] .
Written in English

Subjects:

  • Monetary policy.,
  • Economic stabilization.,
  • Inflation (Finance),
  • Foreign exchange.,
  • Business cycles.

Book details:

Edition Notes

StatementMiguel A. Kiguel and Nissan Liviatan.
SeriesPolicy, research, and external affairs working papers ;, WPS 513
ContributionsLiviatan, Nissan.
Classifications
LC ClassificationsHG230.3 .K53 1990
The Physical Object
Pagination54 p. :
Number of Pages54
ID Numbers
Open LibraryOL1633523M
LC Control Number91183656

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The business cycle associated with exchange rate-based stabilizations (English) Abstract. This article examines the effects of disinflation on economic activity in countries characterized by chronic inflation. Such countries have a long history of inflation at rates exceeding those in industrial countries as well as labor and capital markets The business cycle associated with exchange-rate-based stabilization (English) Abstract. This paper deals with the effects of disinflation on economic activity in "chronic inflation" countries -- countries with a long inflationary history above the rates in industrialized countries, where labor and capital markets are adjusted to function Specifically, stabilization progams in these countries are often associated with a business cycle, beginning with a boom and ending with a recession. This finding relates to the programs which used the exchange rate as the main nominal anchor, referred to as"exchange rate based stabilization"(ERBS). The business cycle associated with exchange-rate-based stabilization (Английский) Аннотация. This paper deals with the effects of disinflation on economic activity in "chronic inflation" countries -- countries with a long inflationary history above the rates in industrialized countries, where labor and capital markets are adjusted to function

The business cycle associated with exchange-rate-based stabilization / By Miguel Alberto Kiguel and Nissan Liviatan. Topics: Business cycles, Foreign exchange, Inflation (Finance), Economic stabilization An Exchange-Rate-Based Stabilization? by Santaella Julio A We examine whether Mexico's disinflation experience during fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated   Business cycles refer to the cyclical increases followed by decreases in production output of goods and services in an economy. The stages in the business cycle include expansion, peak, recession   Exchange rate regime Firm entry Stabilization policy extensive margin are associated with a weaker performance in terms of output stabilization. Our findings are models of the international business cycle based on firm entry. Cavallari () shows that entry provides a channel for

  Habit persistence and the business cycle A case in point is the consumption dynamics associated with temporary exchange-rate-based inflation stabilization programmes. Exchange-rate-based stabilization programmes, or currency pegs, constitute the most commonly used policy to ~ss/research/   Output stabilization and export margins in fixed and floating exchange rate regimes Abstract This paper studies the dynamics of output and export margins in the af-termath of external shocks in fixed and floating exchange rate regimes. Using a panel vector autoregressive model with exogenous factors, it traces the "The Business Cycle Exchange Rate-Based Stabilizations," World Bank Economic Review, World Bank Group, vol. 6(2), pages , May. Enrique G. Mendoza & Martin Uribe, "Devaluation Risk and the Syndrome of Exchange-Rate-Based Stabilizations," NBER Working Papers , National Bureau of Economic Research, :// Abstract. In the late s, the Southern-Cone countries comprising Argentina, Chile and Uruguay launched stabilisation programmes based on a pre-announced path for the exchange rate that exhibited a declining rate of devaluation — the Tablitas. 2 Policymakers expected a stabilisation plan based on the exchange rate as the nominal anchor to act directly on inflationary expectations — which