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Umfang: xi, 472 p. : ill., map : 24 cm.

Ausgabe: 1. publ.

ISBN: 0-521-81519-3

Anmerkung: Papers presented at a conference in honor of Assaf Razin's 60th birthday at the Tel Aviv University, Mar. 25-26, 2001. - Includes bibliographical references and indexes

Sprache: Englisch

Fachgebiete: Wirtschaftswissenschaften

Schlagwort(e): Internationale Wirtschaftspolitik ; Weltwirtschaft ; Wirtschaftspolitik ; Offene Volkswirtschaft ; Internationale Kapitalbewegung ; Festschrift ; Konferenzschrift ; Konferenzschrift ; Konferenzschrift ; Festschrift ; Konferenzschrift ; Festschrift ; Konferenzschrift ; Konferenzschrift

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Mehr zum Autor: Razin, Asaf 1941-

Mehr zum Autor: Helpman, Elhanan 1946-

UID:

Umfang: 1 Online-Ressource (xi, 472 pages) , digital, PDF file(s)

ISBN: 9780511610141

Inhalt: Originally published in 2003, this book contains fifteen major essays on international economics. The authors investigate five principal themes: theory, and empirics, of financial issues in open economies; economic growth; public economies; and political economy. Written to honor Professor Assaf Razin of Tel Aviv and Cornell Universities on the occasion of his sixtieth birthday, the essays pay close attention to policy issues as well as formal analysis. The contributors include renowned specialists in international economics based in North America, Europe, Israel, and China. This volume of avanced research will be of interest to scholars, policy makers, and advanced students alike

Inhalt: Crises: the next generation? / Paul Krugman -- Solutions to the "devaluation bias": some preventive measures to defend fixed exchange rates against self-fulfilling attacks / Chi-Wa Yuen -- Growth-enhancing effects of bailout guarantees / Aaron Tornell -- Risk and exchange rates / Maurice Obstfeld and Kenneth S. Rogoff -- Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations / Sebnem Kalemli-Ozcan, Bent E. Sørensen, and Oved Yosha -- Uncovered interest parity in crisis: the interest rate defense in the 1990s / Robert P. Flood and Andrew K. Rose -- When does capital account liberalization help more than it hurts? / Carlos Arteta, Barry Eichengreen, and Charles Wyplosz -- Sources of inflation in developing countries / Prakash Loungani and Phillip Swagel -- Growth effects and the cost of business cycles / Gadi Barlevy -- Explaining economic growth / Yair Mundlak -- Simulating fundamental tax reform in the United States / David Altig [and others] -- The international macroeconomics of taxation and the case against European tax harmonization / Enrique G. Mendoza -- Home bias in portfolios and taxation of asset income / Roger H. Gordon and Vitor Gaspar -- Social dumping in the transformation process? / Hans-Werner Sinn -- Do political institutions shape economic policy? / Torsten Persson

Anmerkung: Title from publisher's bibliographic system (viewed on 05 Oct 2015)

Weitere Ausg.: ISBN 9780521815192

Weitere Ausg.: ISBN 9780521178426

Weitere Ausg.: Erscheint auch als Druck-Ausgabe ISBN 9780521815192

Sprache: Englisch

Fachgebiete: Wirtschaftswissenschaften

DOI: 10.1017/CBO9780511610141

URL: Volltext  (lizenzpflichtig)

URL: Volltext  (lizenzpflichtig)

Mehr zum Autor: Razin, Asaf 1941-

Mehr zum Autor: Helpman, Elhanan 1946-

UID:

Umfang: 1 online resource (xi, 472 pages) : , digital, PDF file(s).

Ausgabe: 1st ed.

ISBN: 1-107-13394-7 , 1-280-16136-1 , 0-511-12070-2 , 1-139-14824-9 , 0-511-06502-7 , 0-511-05869-1 , 0-511-29776-9 , 0-511-61014-9 , 0-511-07348-8

Inhalt: Originally published in 2003, this book contains fifteen major essays on international economics. The authors investigate five principal themes: theory, and empirics, of financial issues in open economies; economic growth; public economies; and political economy. Written to honor Professor Assaf Razin of Tel Aviv and Cornell Universities on the occasion of his sixtieth birthday, the essays pay close attention to policy issues as well as formal analysis. The contributors include renowned specialists in international economics based in North America, Europe, Israel, and China. This volume of avanced research will be of interest to scholars, policy makers, and advanced students alike.

Anmerkung: Papers presented at a conference in honor of Assaf Razin's 60th birthday at the Tel Aviv University, Mar. 25-26, 2001. , Crises: the next generation? / Paul Krugman -- Solutions to the "devaluation bias": some preventive measures to defend fixed exchange rates against self-fulfilling attacks / Chi-Wa Yuen -- Growth-enhancing effects of bailout guarantees / Aaron Tornell -- Risk and exchange rates / Maurice Obstfeld and Kenneth S. Rogoff -- Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations / Sebnem Kalemli-Ozcan, Bent E. Sørensen, and Oved Yosha -- Uncovered interest parity in crisis: the interest rate defense in the 1990s / Robert P. Flood and Andrew K. Rose -- When does capital account liberalization help more than it hurts? / Carlos Arteta, Barry Eichengreen, and Charles Wyplosz -- Sources of inflation in developing countries / Prakash Loungani and Phillip Swagel -- Growth effects and the cost of business cycles / Gadi Barlevy -- Explaining economic growth / Yair Mundlak -- Simulating fundamental tax reform in the United States / David Altig [and others] -- The international macroeconomics of taxation and the case against European tax harmonization / Enrique G. Mendoza -- Home bias in portfolios and taxation of asset income / Roger H. Gordon and Vitor Gaspar -- Social dumping in the transformation process? / Hans-Werner Sinn -- Do political institutions shape economic policy? / Torsten Persson. , English

Weitere Ausg.: ISBN 0-521-17842-8

Weitere Ausg.: ISBN 0-521-81519-3

Sprache: Englisch

URL: https://doi.org/10.1017/CBO9780511610141

UID:

Umfang: xi, 472 p. : , ill., map.

Ausgabe: Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.

Anmerkung: Papers presented at a conference in honor of Assaf Razin's 60th birthday at the Tel Aviv University, Mar. 25-26, 2001.

Sprache: Englisch

Schlagwort(e): Electronic books.

URL: Click to View

UID:

Umfang: 1 online resource (486 pages)

Ausgabe: 1st ed.

ISBN: 9780521815192 , 9781139148245

Inhalt: This book contains fifteen major essays on international economics. The authors investigate five principal themes: theory, and empirics, of financial issues in open economies; economic growth; public economies; and political economy. This volume of advanced research will be of interest to scholars, policy makers, and advanced students alike

Anmerkung: Cover -- Half-title -- Title -- Copyright -- Contents -- List of Contributors -- Preface -- Introduction -- PART ONE FINANCIAL ISSUES IN OPEN ECONOMIES: THEORY -- ONE Crises: The Next Generation? -- 1. A Brief History of Currency Crisis Modeling -- 2. The Balance-Sheet View of Crises -- 3. Asset Prices and Crises -- 4. Financial Crisis in a Closed Economy -- References -- TWO Solutions (?) to the "Devaluation Bias": Some Preventive Measures to Defend Fixed Exchange Rates against Self-Fulfilling... -- 1.Introduction -- 2.The Self-Fulfilling Crisis Model of Obstfeld (1996) -- 3. Some Measures to Prevent Self-Fulfilling Attacks -- 3.1. Imposing an Exit Penalty or Reputational Constraint (à la Barro-Gordon (1983)) -- 3.2. Appointing a Conservative Central Banker (à la Rogoff (1985)) -- 3.3. Designing an Incentive Contract for the Central Banker (à la Walsh (1995)) -- 3.4. An Assessment of the Practicality of the Three Solutions (and Their Equivalents) -- 4. Are Currency Boards Different from Regular Pegs? -- 5. Conclusion -- 6.Appendix: Salient Features of Currency Boards -- References -- THREE Growth-Enhancing Effects of Bailout Guarantees -- 1. Introduction -- 2. Conceptual Framework -- 2.1. Distortions -- 2.2. Investment and Debt Denomination -- 2.3. Real Exchange Rate Risk -- 2.4. Equilibrium Dynamics -- 3. Policy Evaluation -- 3.1. Policies During a Boom -- 4.Conclusions -- References -- FOUR Risk and Exchange Rates -- 1. A Stochastic Two-Country Model -- 1.1. Preferences and Technology -- 1.2. Prices, Demand, and Budget Constraints -- 2. Goods Market Clearing and the Redundancy of Securities Markets -- 3. Producer Behavior under Preset Prices -- 3.1. The Price Setting Problem -- 3.2. Implications for Ex Ante Terms of Trade -- 3.3. Implications for Ex Ante Consumption -- 4. Equilibrium -- 4.1. First-Order Conditions for Consumption and Money , 2.4. Solving the Model -- 2.5. The Benchmark Equilibrium -- 3. Initial Tax Reform Simulations -- 3.1. A Proportional Income Tax -- 3.2. A Proportional Consumption Tax -- 3.3. The Flat Tax -- 3.4. The Flat Tax with Transition Relief -- 3.5. The X Tax -- 4. Sensitivity Analysis -- 5. Summary and Conclusion -- Appendix -- Labor Supply Elasticities -- Calculation of Earnings Ability Profiles -- References -- TWELVE The International Macroeconomics of Taxation and the Case against European Tax Harmonization -- 1. Introduction -- 2. A 'Workhorse' Dynamic Equilibrium Model of Taxation in Open Economies -- 2.1. Structure of the Model -- 2.2. Stationary Equilibrium, Calibration and Design of Tax Policy Experiments -- 2.3. The International Transmission Channels of Tax Policy -- 3. The Case Against European Tax Harmonization -- 3.1. Identifying the Tax Policy Transmission Channels: Unilateral Tax Cuts -- 3.2. European Tax Harmonization -- 4. Concluding Remarks: If Harmonization Is Undesirable, What Then? -- References -- THIRTEEN Home Bias in Portfolios and Taxation of Asset Income -- 1. Portfolio Specialization in an Open Economy -- 1.1. Equilibrium When Domestic Prices Are Stabilized -- 1.2. Equilibrium When Exchange Rates Are Stabilized -- 2. Price vs. Exchange Rate Stability and International Capital Mobility -- 3. Implications of Stochastic Prices for Taxes on Asset Income -- 3.1. Tax Policy in a Nonstochastic Setting -- 3.2. Tax Policy When Exchange Rates Are Stochastic -- 3.3. Tax Policy when Domestic Prices Are Stochastic -- 4. Conclusions -- References -- FOURTEEN Social Dumping in the Transformation Process? -- 1. The Accusation of Social Dumping -- 2. Redistribution vs. Wages in Kind -- 3. Why Are the Differences in Direct and Indirect Wage Costs So High? -- 4. A Simple Model of the Economic Catching-up Process , 4. UIP Regression Analysis -- 5. The Interest Rate Defense -- 5.1. The Framework -- 5.2. The Role of Excess Returns -- 6.Conclusion -- References -- SEVEN When Does Capital Account Liberalization Help More than It Hurts? -- 1. Introduction -- 2. Previous Literature -- 3. Basic Results -- 4. Sensitivity Analysis -- 5. Do These Patterns Reflect Stages of Financial and Institutional Development? -- 6. Sequencing -- 7. Conclusion -- Data Appendix -- References -- EIGHT Sources of Inflation in Developing Countries -- 1. Introduction -- 2. Econometric Method -- 3. Data -- 4. Specifications and Results -- 4.1. Ordering of the Variables -- 4.2. Importance of the Six Factors as Influences on Inflation -- 4.3. Response of Inflation to Shocks -- 4.4. Sensitivity Analysis -- 5. Conclusions -- References -- PART THREE ECONOMIC GROWTH: THEORY AND EMPIRICS -- NINE Growth Effects and the Cost of Business Cycles -- 1. Introduction -- 2. A Model of Endogenous Growth -- 2.1. Growth Effects through the Level of Investment -- 2.2. Growth Effects through Investment Volatility -- 3. Quantitative Analysis -- 4. Conclusion -- References -- TEN Explaining Economic Growth -- 1. Evidence -- 2. A Note on Technology -- 3. Explanations - An Overview -- 4. Empirics of the Solow and Related Models -- 5. The Implemented Technology -- 5.1. Some Implications -- 6. Consequences -- 7. Cross-Country Agricultural Production Function -- 8. Empirical Results -- 9. Concluding Remarks -- Appendix: Estimates of Growth Models -- References -- PART FOUR PUBLIC ECONOMICS -- ELEVEN Simulating Fundamental Tax Reform in the United States -- 1.The Model -- 1.1. Demographic Structure -- 1.2. Preferences and Household Budget Constraints -- 1.3. The Government -- 1.4. Firms and Technology -- 2. Calibration -- 2.1. Earnings Ability Profiles -- 2.2. Fiscal Structure -- 2.3. Preferences and Technology , 4.2. Log-Linearization and the Exchange-Rate Risk Premium -- 4.3. Equilibrium Exchange Rates and the "Level" Risk Premium -- 4.4. The Short-Run Effects of Monetary Shocks -- 5. Solving for Exchange Risk Premia -- 6. The Magnitude of the "Level" Exchange Rate Risk Premium -- 7. Volatility and Welfare -- 7.1. Calculating Ex Ante Utility -- 7.2. Equality of Expected Home and Foreign Utilities -- 7.3. Country Size and the Cost of Currency Volatility -- 7.4. Quantifying the Cost of Currency Volatility -- 8. Summary -- Appendix A. Flexible-Price Output Levels and Government Spending Shocks -- A.1. Equilibrium Output with Flexible Prices -- A.2. Government Spending Shocks -- Appendix B. Optimal Price Setting by Producers Facing Monetary and Productivity Shocks -- Appendix C. An Important Special Case with an Exact Solution -- Appendix D. Ex Post Welfare Effects of Monetary Shocks -- D.1. Calculating Ex Post Welfare Effects -- D.2. The Terms of Trade and Asymmetric Transmission -- References -- PART TWO FINANCIAL ISSUES IN OPEN ECONOMIES: EMPIRICS -- FIVE Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations -- 1. Introduction -- 2. Conceptual Issues -- 3. A Stylized Model of Fluctuations -- 4. Measuring the Asymmetry of Fluctuations -- 4.1. A Utility-Based Measure of Fluctuations Asymmetry -- 5. Measuring Specialization in Production -- 6. Empirical Analysis -- 6.1. Data Used -- 6.2. Asymmetry Measures and Specialization Indices -- 6.3. Regression Analysis -- 6.4. Regressions Using a Pairwise Correlation Measure of Fluctuations Asymmetry -- 7. Income Asymmetry versus GDP Asymmetry -- 8. Summary -- Appendix: A Utility-Based Measure of Fluctuations Asymmetry -- References -- SIX Uncovered Interest Parity in Crisis: The Interest Rate Defense in the 1990s -- 1. Introduction -- 2. Methodology -- 3. The Data Set , 5. The Policy of the National Government -- 6. The Overall Welfare Optimum -- 7. The Properties of the Catching-Up Process -- 8. Lessons from German Unification -- 9. Why Low Wages and Social Standards Do Not Indicate Social Dumping -- References -- PART FIVE POLITICAL ECONOMY -- FIFTEEN Do Political Institutions Shape Economic Policy? -- 1. Initial Remarks -- 2. Theoretical Ideas -- 2.1. An Organizing Framework -- 2.2. General Ideas -- 2.3.Specific Predictions -- 2.4. Discussion -- 3. Data and Specification -- 4. Empirical Regularities? -- 4.1. Size of Government -- 4.2. Composition of Government -- 4.3. Corruption -- 5. Final Remarks -- References -- Author Index -- Subject Index

Weitere Ausg.: Print version Helpman, Elhanan Economic Policy in the International Economy New York : Cambridge University Press,c2003 ISBN 9780521815192

Sprache: Englisch

Schlagwort(e): Electronic books

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