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Displaying results 1 to 14 of 14.

  1. The Korean economy beyond the crisis
    Published: c2004
    Publisher:  Edward Elgar, Cheltenham, U.K

    Edited by Duck-Koo Chung, Professor, Graduate School of International Studies and Director, Research Center for International Finance, Seoul National University, South Korea, Former Vice Minister of Finance and Minister of Commerce, Industry and... more

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    Hochschulbibliothek Friedensau
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    Edited by Duck-Koo Chung, Professor, Graduate School of International Studies and Director, Research Center for International Finance, Seoul National University, South Korea, Former Vice Minister of Finance and Minister of Commerce, Industry and Energy of Korea and Currently Visiting Professor, Beijing University, China and Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley, US. More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 1843766035; 9781843766032
    RVK Categories: QG 870
    Subjects: Economic stabilization; Financial crises
    Scope: Online-Ressource (xv, 372 p), ill, 24 cm
    Notes:

    Includes bibliographical references (p. 344-368) and index

    Papers from an international conference convened in October 2002 by the Research Center for International Finance (RICF) of Seoul National University

    Electronic reproduction; Available via World Wide Web

    Preliminaries; Contents; List of figures; List of tables; List of contributors; Abbreviations; Foreword; 1 Introduction; 2 The Korean economy before and after the crisis; 3 What caused the crisis?; 4 US policy toward the crisis; 5 The monetary policy response to the crisis; 6 The fiscal policy response to the crisis; 7 Social impact of the crisis; 8 Financial restructuring; 9 Corporate restructuring; 10 Changes in the labor markets and industrial relations; 11 Transparency and social capital; 12 Social realignment, coalition change and political transformation

    13 Recurrence of financial crises14 Reform and the risk of recurrence of crisis; References; Index
  2. Monetary union
    fiscal stabilization in the face of asymmetric shocks
    Author: Kirsanova, Tatiana; Satchi, Mathan; Vines, David
    Published: 2004
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (4433)
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    Deutsche Universität für Verwaltungswissenschaften Speyer, Universitätsbibliothek
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QM 333 ; QB 910
    Series: Array ; 4433
    Subjects: Währungsunion; Finanzpolitik; Schock; Neoklassische Synthese; Monetary unions; Fiscal policy; Economic stabilization
    Scope: 41 S., graph. Darst.
  3. Dealing with destabilizing "market discipline"
    Author: Cohen, Daniel
    Published: 2004
    Publisher:  Centre for Economic Policy Research, London

    "If interest rates (country spreads) rise, debt can rapidly be subject to a snowball effect, which then becomes self-fulfilling with regard to the fundamentals themselves. This is a market imperfection, because we cannot be confident that the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 32 (4280)
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    "If interest rates (country spreads) rise, debt can rapidly be subject to a snowball effect, which then becomes self-fulfilling with regard to the fundamentals themselves. This is a market imperfection, because we cannot be confident that the unaided market will choose the good equilibrium' over the bad equilibrium'. We see here a fundamental flaw in the process of market discipline. We propose a policy intervention to deal with this structural weakness in the mechanisms of international capital flows. This is based on a simple taxonomy that enables us to break down the origin of crises into three components: a crisis of confidence (spreads and currency crisis), a crisis of fundamentals (real growth rate), and a crisis of economic policy (primary deficit). The policy would seek to short-circuit confidence crises, partly by using IMF support to improve ex ante incentives"--National Bureau of Economic Research web site

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910
    Series: Array ; 4280
    Subjects: Zinsstruktur; Kapitalmobilität; Schwellenländer; Finanzkrise; Interest rates; Economic stabilization; Debts, External; Capital movements
    Scope: 24 S.
  4. Optimal stabilization policy when wages and prices are sticky
    the case of a distorted steady state
    Author: Benigno, Pierpaolo; Woodford, Michael
    Published: 2004
    Publisher:  Centre for Economic Policy Research, London

    "Erceg et al. (2000) show that when both wages and prices are sticky, maximization of expected utility is equivalent to minimizing a loss function with three terms, involving measures of the variability of wage inflation, price inflation and the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 32 (4740)
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    Deutsche Universität für Verwaltungswissenschaften Speyer, Universitätsbibliothek
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    "Erceg et al. (2000) show that when both wages and prices are sticky, maximization of expected utility is equivalent to minimizing a loss function with three terms, involving measures of the variability of wage inflation, price inflation and the output gap respectively. Here we generalize their analysis, most importantly by not assuming the existence of output and employment subsidies that eliminate the distortions resulting from market power in goods and labor markets, so that the equilibrium level of output under flexible wages and prices would not necessarily be optimal. We show that a quadratic loss function can still be justified that involves the same three terms, albeit with different relative weights and a different definition of the output gap. Many conclusions of Erceg et al. are thus found to apply more generally. However, we argue that in the presence of significant steady-state distortions, simple rules of the kind that they examine are likely to approximate optimal policy less closely than is suggested by their numerical results"--National Bureau of Economic Research web site

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910
    Series: Array ; 4740
    Subjects: Stabilisierungspolitik; Lohnrigidität; Preisrigidität; Neoklassisches Wachstumsmodell; Economic stabilization; Economic policy
    Scope: 74 S.
  5. Managing volatility and crises
    a practitioner's guide overview
    Author: Aizenman, Joshua; Pinto, Brian
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (10602)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 10602
    Subjects: Konjunktur; Volatilität; Wirtschaftskrise; Wirtschaftspolitik; Welt; Financial crises; Economic stabilization
    Scope: 40 S, graph. Darst
    Notes:

    Literaturverz. S. 34 - 37

    Internetausg.: papers.nber.org/papers/w10602.pdf - lizenzpflichtig
  6. Inflation stabilization and welfare
    the case of a distorted steady state
    Published: Nov. 2004
    Publisher:  Dep. of Economics, Columbia Univ., New York, NY

    "This paper considers the appropriate stabilization objectives for monetary policy in a microfounded model with staggered price-setting. Rotemberg and Woodford (1997) and Woodford (2002) have shown that under certain conditions, a local... more

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    "This paper considers the appropriate stabilization objectives for monetary policy in a microfounded model with staggered price-setting. Rotemberg and Woodford (1997) and Woodford (2002) have shown that under certain conditions, a local approximation to the expected utility of the representative household in a model of this kind is related inversely to the expected discounted value of a conventional quadratic loss function, in which each period's loss is a weighted average of squared deviations of inflation and an output gap measure from their optimal values (zero). However, those derivations rely on an assumption of the existence of an output or employment subsidy that offsets the distortion due to the market power of monopolistically-competitive price-setters, so that the steady state under a zero-inflation policy involves an efficient level of output. Here we show how to dispense with this unappealing assumption, so that a valid linear-quadratic approximation to the optimal policy problem is possible even when the steady state is distorted to an arbitrary extent (allowing for tax distortions as well as market power), and when, as a consequence, it is necessary to take account of the effects of stabilization policy on the average level of output.We again obtain a welfare-theoretic loss function that involves both inflation and an appropriately defined output gap, though the degree of distortion of the steady state affects both the weights on the two stabilization objectives and the definition of the welfare-relevant output gap. In the light of these results, we reconsider the conditions under which complete price stability is optimal, and find that they are more restrictive in the case of a distorted steady state. We also consider the conditions under which pure randomization of monetary policy can be welfare-improving, and find that this is possible in the case of a sufficiently distorted steady state, though the parameter values required are probably not empirically realistic"--National Bureau of Economic Research web site

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / Columbia University, Department of Economics ; 0405,04
    Subjects: Inflationsbekämpfung; Geldpolitik; Mikrofundierung; Wohlfahrtsanalyse; Neoklassisches Wachstumsmodell; Erwartungsnutzen; Theorie; Inflation (Finance); Welfare economics; Economic stabilization; Economic policy
    Scope: Online-Ressource, 61 S., Text
  7. Polityka ekonomiczna państwa w okresie niestabilnego wzrostu gospodarczego
    Published: 2004
    Publisher:  Wydawn. Akad. Ekonomicznej im. Oskara Langego we Wrocławiu, Wrocław

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    B 340079
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    Source: Union catalogues
    Language: Polish
    Media type: Book
    Format: Print
    Series: Prace naukowe Akademii Ekonomicznej im. Oskara Langego we Wrocławiu ; 1050
    Subjects: Wirtschaftspolitik; Wirtschaftswachstum; Auslandsinvestition; Polen; Economic stabilization
    Scope: 170 S, graph. Darst
    Notes:

    Enth. zahlr. Beitr. - Zsfassung der Beitr. überw. in engl. Sprache, teilw. poln
  8. The cost of business cycles and the benefits of stabilization
    a survey
    Author: Barlevy, Gadi
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (10926)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910
    Series: NBER working paper series ; 10926
    Subjects: Konjunktur; Stabilisierungspolitik; Kosten-Nutzen-Analyse; USA; Business cycles; Economic stabilization
    Scope: 24, [7] S, graph. Darst
    Notes:

    Literaturverz. S. [5 - 7]

    Internetausg.: papers.nber.org/papers/w10926.pdf - lizenzpflichtig
  9. Macroeconomic stability in developing countries
    how much is enough?
    Author: Montiel, Peter; Servén, Luis
    Published: 2004
    Publisher:  World Bank, Latin America and the Caribbean Region, Washington, DC

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Signature:
    6 B 60094
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 480 (3456)
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: Policy research working paper ; 3456
    Subjects: Wirtschaftliche Anpassung; Entwicklungsländer; Economic stabilization
    Scope: 49 S, graph. Darst
    Notes:
  10. Has monetary policy become more efficient?
    a cross country analysis
    Author: Cecchetti, Stephen G.; Flores-Lagunes, Alfonso; Krause, Stefan
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (10973)
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    Source: Union catalogues
    Language: English
    Media type: Book
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    RVK Categories: QB 910
    Series: NBER working paper series ; 10973
    Subjects: Geldpolitik; Stabilisierungspolitik; Inflation; Bruttoinlandsprodukt; Vergleich; Industrieländer; Economic policy; Economic stabilization
    Scope: 39 S, graph. Darst
    Notes:

    Internetausg.: papers.nber.org/papers/w10973.pdf - lizenzpflichtig

    Literaturverz. S. 37 - 39
  11. Inflation stabilization and welfare
    the case of a distorted steady state
    Author: Benigno, Pierpaolo; Woodford, Michael
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (10838)
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    Source: Union catalogues
    Language: English
    Media type: Book
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    RVK Categories: QB 910
    Series: NBER working paper series ; 10838
    Subjects: Inflationsbekämpfung; Geldpolitik; Mikrofundierung; Wohlfahrtsanalyse; Neoklassisches Wachstumsmodell; Erwartungsnutzen; Theorie; Inflation (Finance); Welfare economics; Economic stabilization; Economic policy
    Scope: 61 S
    Notes:

    Literaturverz. S. 59 - 61

    Internetausg.: papers.nber.org/papers/w10838.pdf - lizenzpflichtig
  12. Optimal stabilization policy when wages and prices are sticky
    the case of a distorted steady state
    Author: Benigno, Pierpaolo; Woodford, Michael
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    ifo Institut für Wirtschaftsforschung an der Universität München, Bibliothek
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    82/766 B-10839
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    Source: Union catalogues
    Language: English
    Media type: Book
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    RVK Categories: QB 910
    Series: NBER working paper series ; 10839
    Subjects: Stabilisierungspolitik; Lohnrigidität; Preisrigidität; Neoklassisches Wachstumsmodell; Economic policy; Economic stabilization
    Scope: 53 S
    Notes:

    Literaturverz. S. 53

    Internetausg.: papers.nber.org/papers/w10839.pdf - lizenzpflichtig
  13. Managing macroeconomic crises
    Author: Frankel, Jeffrey A.; Wei, Shang-jin
    Published: 2004
    Publisher:  National Bureau of Economic Research, Cambridge, Mass.

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (10907)
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    Source: Union catalogues
    Language: English
    Media type: Book
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    RVK Categories: QB 910
    Series: NBER working paper series ; 10907
    Subjects: Währungskrise; Kapitalimport; Außenwirtschaftliches Gleichgewicht; Währungssubstitution; Währungsspekulation; Welt; Finanzkrise; Economic stabilization; Capital movements
    Scope: 86 S, graph. Darst
    Notes:

    Internetausg.: papers.nber.org/papers/w10907.pdf - lizenzpflichtig
  14. Macroeconomic stability in developing countries
    how much is enough?
    Author: Montiel, Peter; Servén, Luis
    Published: 2004
    Publisher:  World Bank, Latin America and the Caribbean Region, Washington, DC

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: Policy research working paper ; 3456
    Subjects: Wirtschaftliche Anpassung; Entwicklungsländer; Economic stabilization
    Scope: 49 S, graph. Darst
    Notes: