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Capital Controls and the Real Exchange Rate
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Year: 1989 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Monopolistic Competition, Credibility and the Output Costs of Disinflation Programs: An Analysis of Price Controls
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Year: 1987 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism
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Year: 1987 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Fiscal Deficits, Exchange Rate Crises and Inflation
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Year: 1987 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Government deficits, private investment and the current account : an intertemporal disequilibrium analysis
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Year: 1986 Publisher: London Centre for economic policy research

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Voucher privatization, corporate control and the cost of capital : an analysis of the Czech privatization programme
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Year: 1995 Publisher: London: CEPR,

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Signalling, wage controls and monetary disinflation policy
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Year: 1988 Publisher: Stockholm: University of Stockholm. Institute for international economic studies,

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Quantitative Approaches To Fiscal Sustainability Analysis : A New World Bank Tool Applied To Turkey
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Year: 2007 Publisher: Washington, D.C., The World Bank,

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Fiscal sustainability analysis (FSA) is an important component of macroeconomic analysis. The authors review various quantitative approaches to FSA with a major objective to bring these approaches together and to present a user-friendly tool for FSA that reflects modern developments. They combine a dynamic simulations approach with a simplified version of the steady-state consistency approach. They also incorporate two different methods to deal with uncertainty: user-defined stress tests and stochastic simulations. The tool goes further by evaluating the required fiscal adjustment as a consequence of the stochastic realizations of the exogenous variables. Furthermore, the fiscal sustainability tool incorporates an endogenous debt feedback rule for the primary surplus, a fiscal policy reaction function. Besides outlining the theoretical framework, the authors also present a case study for Turkey.


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Mexican Agriculture in the Free Trade Agreement : Transition Problems in Economic Reform
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Year: 1992 Publisher: Paris : OECD Publishing,

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Should Mexican agriculture be liberalized? If so, how fast should this be done, and what policies should accompany the transition? We use Mexican agriculture as a case study to analyze the transition problems that arise in most major economic reforms. We focus on the implications for policy design of the absence of efficient capital markets; on the welfare costs of reforming only gradually; on incentive problems created by trade adjustment policies; and on the redistributive aspects of policy reform in the presence of realistic limits on available policy instruments. Our key point is that adjustment should focus on increasing the value of the assets owned by the groups affected, and not on direct income transfers or programs targeted on output or other characteristics controlled by the beneficiaries. We target adjustment on what people have, as opposed to what people do ...

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Development --- Mexico

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