Cargando…

Balance of payments anti-crises /

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to understa...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Kumhof, Michael (Autor), Yan, Isabel K. (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Ã2009.
Colección:IMF working paper ; WP/09/134.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; A. Households; B. Firms; C. Government; D. Equilibrium; E. Government Revenue Shock; III. Model Solution; A. Parameter Values; B. Solution Method; IV. Anti-Crises; V. Conclusion; References; Figures; 1. China and Colombia-Reserves and Inflation; 2. Chile, Norway and Russia
  • Reserves and Inflation; 3. (a) Anti-Crisis
  • Overview; 3. (b) Anti-Crisis
  • Labor Market; 3. (c) Anti-Crisis
  • Government Budget; 3. (d) Anti-Crisis
  • Price Levels and Inflation Rates