Credibility of Policies Versus Credibility of Policymakers
Credibility of Policies Versus Credibility of Policymakers

Author: Mr.Paul R. Masson

Publisher: International Monetary Fund

Published: 1994-05-01

Total Pages: 28

ISBN-13: 1451971818

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Standard models of policy credibility, defined as the expectation that an announced policy will be carried out, emphasize the preferences of the policymaker, and the role of tough policies in signalling toughness and raising credibility. Whether a policy is carried out, however, will also reflect the state of the economy. We present a model in which a policymaker maintains a fixed parity in good times, but devalues if the unemployment rate gets too high. Our main conclusion is that if there is persistence in unemployment, observing a tough policy in a given period may lower rather than raise the credibility of a no-devaluation pledge in subsequent periods. We test this implication on data for the interest rate differential between France and Germany and find support for our hypothesis.

Advances in Pacific Basin Business, Economics and Finance
Advances in Pacific Basin Business, Economics and Finance

Author: Cheng-Few Lee

Publisher: Emerald Group Publishing

Published: 2017-09-29

Total Pages: 223

ISBN-13: 178743463X

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Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management. It particularly emphasizes the economic, financial, and management relationships among Pacific Rim countries.

Economic Development and Cooperation in the Pacific Basin
Economic Development and Cooperation in the Pacific Basin

Author: Hiro Lee

Publisher: Cambridge University Press

Published: 1998-09-28

Total Pages: 512

ISBN-13: 9780521583664

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First published in 1998, this volume brings together contributions from leading economic analysts around the Pacific Basin, reporting on their research into three of the most important issues facing the region: trade, investment flows, and the environmental effects of economic growth. Each of these issues has important domestic and multilateral ramifications and the Pacific Basin's status as the world's most dynamic economic region makes this analysis relevant to policy makers and researchers in all countries. The collection is unusual in offering appraisals from economists representing the principal economies of the region. Among other contributions in the book are insights into the forces animating regional trade and investment, detailed assessment of leading East Asian economies such as those of China, Indonesia, Japan, Korea, and Singapore, and innovative research on economy-environment linkages.

ASEAN & EU
ASEAN & EU

Author: Siow Yue Chia

Publisher: Institute of Southeast Asian

Published: 1997

Total Pages: 287

ISBN-13: 9813055634

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ASEAN & EU: Forging New Linkages and Strategic Alliances edited by Chia Siow Yue and Joseph L.H. Tan.In this volume the substantive coverage of diverse topics of macroeconomic and microeconomic issues concerning the interactions of ASEAN and the European Union will contribute to the continuing discussions and debates set off by ASEM's policy agenda: to forge a "New Comprehensive Asia-Europe Partnership for Greater Growth". What new linkages in trade and investment should and can be designed to stimulate growth and development? While co-operative mechanisms can be created, yet conflicts arising from international competition are unavoidable. How then can institutional obstacles and problems be overcome in a positive way? What new strategic alliances at the firm-level and country-level can be formulated to enhance economic welfare and distributional benefits for both ASEAN and the EU? These are some of the issues and questions examined in the various contributions by authors from ASEAN and the EU. The subjects of the papers include ASEAN and EU perspectives on Emerging Business Opportunities from European and ASEAN Integration; the Scope and Relevance of Strategic Alliances from the EU Perspective; Obstacles to Closer Trade and Investment Links; and What can ASEAN Learn from the Experience of European Integration?

Use of Survey Data for Industry, Research and Economic Policy: Selected Papers Presented at the 24th CIRET Conference, Wellington, New Zealand 1999
Use of Survey Data for Industry, Research and Economic Policy: Selected Papers Presented at the 24th CIRET Conference, Wellington, New Zealand 1999

Author: Karl Heinrich Oppenlander

Publisher: Routledge

Published: 2018-02-06

Total Pages: 591

ISBN-13: 1351752006

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This title was first published in 2000: This text offers a comprehensive collection of selected papers from the 24th Centre for International Research on Economic Tendency Surveys (CIRET) conference. Areas selected include leading indicators and turning points, classifications of business cycles, survey data and policy decisions, attitudes and behaviour of firms, and economic forecasting. The text aims to be of interest to all those concerned with the use of business and consumer surveys in a global context.

Macroeconomic Volatility, Institutions and Financial Architectures
Macroeconomic Volatility, Institutions and Financial Architectures

Author: J. Fanelli

Publisher: Springer

Published: 2008-01-17

Total Pages: 425

ISBN-13: 0230590187

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The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro volatility. The book analyzes the experiences of several countries, drawing implications for building development-friendly domestic and international financial architectures.

Research Activities of the IMF, January 1991-December 1999
Research Activities of the IMF, January 1991-December 1999

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2000-01-01

Total Pages: 144

ISBN-13: 9781557759801

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Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.