Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy / / Stephen Turnovsky, Serpil Tekin, Valerie Cerra
| Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy / / Stephen Turnovsky, Serpil Tekin, Valerie Cerra |
| Autore | Turnovsky Stephen |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (47 p.) |
| Disciplina | 338.91 |
| Altri autori (Persone) |
TekinSerpil
CerraValerie |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Economic assistance - Econometric models
Foreign exchange rates - Econometric models Structural adjustment (Economic policy) - Econometric models Exports and Imports Foreign Exchange Macroeconomics Public Finance Production and Operations Management Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital Aggregate Labor Productivity Foreign Aid Macroeconomics: Consumption Saving Wealth National Government Expenditures and Related Policies: General Currency Foreign exchange International economics Public finance & taxation Real exchange rates Capital productivity Foreign aid Consumption Expenditure International relief Economics Expenditures, Public |
| ISBN |
1-4623-9211-3
1-4527-6825-0 1-4518-7062-0 1-282-84155-6 9786612841552 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Two Sector Model of Foreign Aid; A. The Economic Structure; B. Macroeconomic Equilibrium; III. Steady State Equilibrium; A. Long-Run Effects of Transfers on the Relative Price; B. Transfers, Economic Activity, and the Dutch Disease; IV. Numerical Analysis; A. Calibration; B. Optimal Government Spending; C. Initial Benchmark Equilibria; V. Foreign Aid Flows: General Characteristics of Real Exchange Rates; VI. Pure Transfer; A. Traded Sector is Capital Intensive: (α > β ); B. Nontraded sector is capital intensive: (β >α )
VII. Productive Government Spending in the Traded Sector A. Traded sector is capital intensive (α > β ); B. Nontraded sector is capital intensive (β >α ); VIII. Productive Government Spending in the Nontraded Sector; IX. Welfare Analysis; X. Effect of Cost of Debt; XI. Conclusions; Tables; 1. The Benchmark Economy; 2. Key Steady-State Equilibrium Ratios; 3. Steady-State Responses to Permanent Changes; 4. Welfare Analysis; Figures; 1. Capital and Debt; 2. Financial Variables; 3. Sectoral Activity and Output; 4. Consumption and Welfare; 5. Sensitivity to Borrowing Premium: Untitled Transfer 6. Sensitivity to Borrowing Premium: Productive Transfer to Traded Sector 7. Sensitivity to Borrowing Premium: Productive Transfer to Nontraded Sector; Appendix; References |
| Record Nr. | UNINA-9910788346003321 |
Turnovsky Stephen
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy / / Stephen Turnovsky, Serpil Tekin, Valerie Cerra
| Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy / / Stephen Turnovsky, Serpil Tekin, Valerie Cerra |
| Autore | Turnovsky Stephen |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (47 p.) |
| Disciplina | 338.91 |
| Altri autori (Persone) |
CerraValerie
TekinSerpil |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Economic assistance - Econometric models
Foreign exchange rates - Econometric models Structural adjustment (Economic policy) - Econometric models Aggregate Human Capital Aggregate Labor Productivity Capital productivity Consumption Currency Economics Employment Expenditure Expenditures, Public Exports and Imports Foreign Aid Foreign aid Foreign Exchange Foreign exchange Intergenerational Income Distribution International economics International relief Macroeconomics Macroeconomics: Consumption National Government Expenditures and Related Policies: General Production and Operations Management Public finance & taxation Public Finance Real exchange rates Saving Unemployment Wages Wealth |
| ISBN |
9786612841552
9781462392117 1462392113 9781452768250 1452768250 9781451870626 1451870620 9781282841550 1282841556 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. Two Sector Model of Foreign Aid; A. The Economic Structure; B. Macroeconomic Equilibrium; III. Steady State Equilibrium; A. Long-Run Effects of Transfers on the Relative Price; B. Transfers, Economic Activity, and the Dutch Disease; IV. Numerical Analysis; A. Calibration; B. Optimal Government Spending; C. Initial Benchmark Equilibria; V. Foreign Aid Flows: General Characteristics of Real Exchange Rates; VI. Pure Transfer; A. Traded Sector is Capital Intensive: (α > β ); B. Nontraded sector is capital intensive: (β >α )
VII. Productive Government Spending in the Traded Sector A. Traded sector is capital intensive (α > β ); B. Nontraded sector is capital intensive (β >α ); VIII. Productive Government Spending in the Nontraded Sector; IX. Welfare Analysis; X. Effect of Cost of Debt; XI. Conclusions; Tables; 1. The Benchmark Economy; 2. Key Steady-State Equilibrium Ratios; 3. Steady-State Responses to Permanent Changes; 4. Welfare Analysis; Figures; 1. Capital and Debt; 2. Financial Variables; 3. Sectoral Activity and Output; 4. Consumption and Welfare; 5. Sensitivity to Borrowing Premium: Untitled Transfer 6. Sensitivity to Borrowing Premium: Productive Transfer to Traded Sector 7. Sensitivity to Borrowing Premium: Productive Transfer to Nontraded Sector; Appendix; References |
| Record Nr. | UNINA-9910970186303321 |
Turnovsky Stephen
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||