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1. |
Record Nr. |
UNISA990000818980203316 |
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Titolo |
The new central Asia and its neighbours / edited by Peter Ferdinand |
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Pubbl/distr/stampa |
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London : The Royal insitute of international affairs : Pinter, 1994 |
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ISBN |
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Descrizione fisica |
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Collana |
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Disciplina |
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Soggetti |
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Asia centrale - Sviluppo economico |
Asia centrale - Relazioni economiche e commerciali |
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Collocazione |
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338.958 NEW 1 (ISP IV 572) |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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2. |
Record Nr. |
UNINA9910955172003321 |
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Autore |
Leigh Daniel |
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Titolo |
Achieving a Soft Landing : : The Role of Fiscal Policy / / Daniel Leigh |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612840418 |
9781462376995 |
1462376991 |
9781452751108 |
1452751102 |
9781282840416 |
128284041X |
9781451869316 |
1451869312 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (25 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/69 |
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Disciplina |
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Soggetti |
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Fiscal policy - Colombia - Econometric models |
Monetary policy - Colombia - Econometric models |
Capacity |
Capital |
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Deflation |
Fiscal Policy |
Fiscal policy |
Fiscal stance |
Inflation |
Intangible Capital |
Investment |
Investments: General |
Macroeconomics |
Price Level |
Prices |
Public finance & taxation |
Public Finance |
Return on investment |
Revenue administration |
Revenue |
Saving and investment |
Taxation, Subsidies, and Revenue: General |
Colombia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Methodology; III. Results: Macroeconomic Effects of Fiscal Policy Tightening; Figures; 1. Domestic Risk Premium and the Debt-to-GDP Ratio; 2. Exogenous Permanent Cut in Public Consumption of 0.5 Percent of GDP; 3. Exogenous Permanent Cut in Public Investment of 0.5 Percent of GDP; IV. Results: Fiscal Policy and Macroeconomic Stability; 4. Private Savings Shock and Strength of Fiscal Policy Response; 5. Markup Shock and Strength of Fiscal Policy Response; 6. Efficiency Frontier: Markup Shock |
7. Efficiency Frontier for Different Monetary Policy Response Parameters8. Temporary Fall in Risk Premium by 100 Basis Points; 9. Risk Premium Shock and Strength of Fiscal Policy Response; V. Conclusions; References |
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Sommario/riassunto |
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This paper utilizes an open-economy New Keynesian overlapping generations model to assess the extent to which fiscal policy, along side an inflation-forecast-based monetary policy, could enhance macroeconomic stability in Colombia. The model simulations indicate that, in addition to stabilizing output and inflation, a stronger response of the fiscal balance to excess tax revenue would reduce the burden on the central bank of adjusting interest rates, lessen the associated degree of exchange rate volatility, and contribute to a more stable external current account balance. The analysis also assesses how the success of fiscal policy in enhancing macroeconomic stability depends on the type of shock, the response of monetary policy, and the length of fiscal policy implementation lags. |
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