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The Inflation-Unemployment Trade-off at Low Inflation

Author/Editor: Luca Antonio Ricci, Pierpaolo Benigno.

Release Date:March, 2009

Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form more...



Price: $18.00
Exchange Rate Assessments : CGER Methodologies

Author/Editor: Jaewoo Lee, Jonathan David Ostry, Alessandro Prati, Luca Antonio Ricci, Gian Milesi-Ferretti.

Release Date:April, 2008

The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger more...



Price: $30.00
Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants

Author/Editor: Luca Antonio Ricci, Marcos Chamon, Alejo Costa.

Release Date:April, 2008

This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to more...



Price: $18.00
A Bayesian-Estimated Model of Inflation Targeting in South Africa

Author/Editor: Thomas Harjes, Luca Antonio Ricci.

Release Date:February, 2008

This paper estimates a small dynamic macroeconomic model for the South African economy with Bayesian methods. The model is tailored to assessing the impact of domestic as well as external shocks on more...



Price: $18.00
Real Exchange Rates and Fundamentals : A Cross-Country Perspective

Author/Editor: Luca Antonio Ricci, Jaewoo Lee, Gian Milesi-Ferretti.

Release Date:January, 2008

This paper employs newly constructed measures for productivity differentials, external imbalances, and commodity terms of trade to estimate a panel cointegrating relationship between real exchange more...



Price: $18.00
Post-Apartheid South Africa : The First Ten Years

Author/Editor: M. Nowak, Luca Antonio Ricci.

Release Date:January, 2006

This book provides a comprehensive review of recent economic developments in South Africa and the structural and policy challenges facing the authorities. Individual papers examine a range of topics more...



Price: $27.00
Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link

Author/Editor: Tito Cordella, Luca Antonio Ricci, Marta Ruiz-Arranz.

Release Date:December, 2005

Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth more...



Price: $15.00
Can Higher Reserves Help Reduce Exchange Rate Volatility?

Author/Editor: M Nowak, Ketil Hviding, Luca Antonio Ricci.

Release Date:October, 2004

This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period more...



Price: $15.00
Estimation of the Equilibrium Real Exchange Rate for South Africa

Author/Editor: Ronald MacDonald, Luca Antonio Ricci.

Release Date:March, 2003

Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP more...



Price: $15.00
International Financial Integration and Economic Growth

Author/Editor: Torsten Sloek, Hali J Edison, Luca Antonio Ricci, Ross Levine.

Release Date:August, 2002

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the more...



Price: $15.00
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