Sources of economic fluctuations in Latin America and implications for choice of exchange rate regimes
In: Journal of development economics, Band 72, Heft 1, S. 181-202
ISSN: 0304-3878
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In: Journal of development economics, Band 72, Heft 1, S. 181-202
ISSN: 0304-3878
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 45, S. 77-87
ISSN: 0167-2231
In: Journal of Monetary Economics, Band 24, Heft 1, S. 157-167
In: Journal of Monetary Economics, Band 20, Heft 2, S. 195-220
In: Journal of Monetary Economics, Band 20, Heft 1, S. 25-50
In: Journal of Monetary Economics, Band 17, Heft 2, S. 197-224
In: FRB International Finance Discussion Paper No. 1081
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Working paper
In: The Canadian Journal of Economics, Band 27, Heft 4, S. 982
In: Journal of Monetary Economics, Band 45, Heft 1, S. 3-35
This article provides new calculations of the welfare effects of fiscal changes when the publicly provided good is nonseparable in utility and production so that it affects economic agents' marginal decisions. The authors' results show that these nonseparabilities significantly alter the marginal cost of funds (MCF) that previous studies have calculated. The authors also report estimates of the nonseparable marginal benefits (NSMB) associated with aggregate government purchases. The net marginal cost offunds (NMCF ), which is equal to MCF - NSMB, is in general positive over a wide range of parameter values that encompass empirically relevant specifications. Thus the nonseparable benefits by themselves are not sufficient for a marginal increase in aggregate government purchases of goods and services to be worthwhile.
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In: Journal of Monetary Economics, Band 36, Heft 2, S. 351-374
In: International Finance Discussion Paper No. 1321
SSRN
In: FRB of Boston Supervisory Research & Analysis Unit Working Paper No. RPA 17-2
SSRN
Working paper
In: INEC-D-24-00408
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In: International finance discussion papers 737