Volume/Issue: 2015/226
Series: IMF Working Papers
Author(s):
Olivier Blanchard
,
Jonathan Ostry
,
Atish Ghosh
, and
Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
October
2015
ISBN: 9781513500805
The workhorse open-economy macro model suggests that capital inflows are contractionary
because they appreciate the currency and reduce net exports. Emerging market policy makers
however believe that inflows lead t...
Volume/Issue: 2015/226
Series: IMF Working Papers
Author(s):
Olivier Blanchard
,
Jonathan Ostry
,
Atish Ghosh
, and
Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
October
2015
DOI: http://dx.doi.org/10.5089/9781513500805.001
ISBN: 9781513500805
The workhorse open-economy macro model suggests that capital inflows are contractionary
because they appreciate the currency and reduce net exports. Emerging market policy makers
however believe that inflows lead t...
Volume/Issue: 2011/181
Series: IMF Working Papers
Author(s):
James Walsh
,
Jiangyan Yu
, and
Chanho Park
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2011
ISBN: 9781462310296
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic...
Volume/Issue: 2011/181
Series: IMF Working Papers
Author(s):
James Walsh
,
Jiangyan Yu
, and
Chanho Park
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2011
DOI: http://dx.doi.org/10.5089/9781462310296.001
ISBN: 9781462310296
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic...
Volume/Issue: 2007/162
Series: IMF Working Papers
Author(s):
Berthold Wigger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2007
DOI: http://dx.doi.org/10.5089/9781451867268.001
ISBN: 9781451867268
By issuing tax-exempt bonds, the government can incur debt and never pay back any principal or interest, even if the economy without public debt evolves on a dynamically efficient growth path. The welfare effects o...
Volume/Issue: 2007/162
Series: IMF Working Papers
Author(s):
Berthold Wigger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2007
ISBN: 9781451867268
By issuing tax-exempt bonds, the government can incur debt and never pay back any principal or interest, even if the economy without public debt evolves on a dynamically efficient growth path. The welfare effects o...