 | Implications of Food Subsistence for Monetary Policy and Inflation Author/Editor: Rafael Portillo, Luis-Felipe Zanna, Stephen A O'Connell, Richard Peck. Release Date:March, 2016 We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that more...
| Price: $18.00
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| Inflation Targeting and Exchange Rate Management In Less Developed Countries Author/Editor: Marco Airaudo, Edward F. Buffie, Luis-Felipe Zanna. Release Date:March, 2016 We analyze coordination of monetary and exchange rate policy in a two-sector model of a
 small open economy featuring imperfect substitution between domestic and foreign financial
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| Price: $18.00
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| Government Spending Effects in Low-income Countries Author/Editor: Wenyi Shen, Susan S. Yang, Luis-Felipe Zanna. Release Date:December, 2015 Despite the voluminous literature on fiscal policy, very few papers focus on low-income
 countries (LICs). This paper develops a new-Keynesian small open economy model to show,
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| Price: $18.00
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| Some Misconceptions about Public Investment Efficiency and Growth Author/Editor: Andrew Berg, Edward F. Buffie, Catherine A. Pattillo, Rafael Portillo, Andrea Presbitero, Luis-Felipe Zanna. Release Date:December, 2015 We reconsider the macroeconomic implications of public investment efficiency, defined as
 the ratio between the actual increment to public capital and the amount spent. We show more...
| Price: $18.00
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 | From Ambition to Execution : Policies in Support of Sustainable Development Goals Author/Editor: Stefania Fabrizio, Rodrigo Garcia-Verdu, Catherine A. Pattillo, Adrian Peralta-Alva, Andrea Presbitero, Baoping Shang, Genevieve Verdier, Marie-Therese Camilleri, Kazuaki Washimi, Lisa Kolovich, Monique Newiak, Martin Cihak, Inci Otker, Luis-Felipe Zanna, Carol L. Baker. Release Date:September, 2015 The formal launch of the Sustainable Development Goals (SDGs) sets the global development agenda through 2030, placing significant emphasis on promoting social and environmental sustainability more...
| Price: $10.00
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| On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure Author/Editor: Rafael Portillo, Luis-Felipe Zanna. Release Date:February, 2015 We develop a tractable small open-economy model to study the first-round effects of international foodprice shocks in developing countries. We define first-round effects as changes in headline more...
| Price: $18.00
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| Learning, Monetary Policy and Asset Prices Author/Editor: Marco Airaudo, Salvatore Nisticò, Luis-Felipe Zanna. Release Date:January, 2015 We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New-Keynesian DSGE model populated by Blanchard-Yaari non-Ricardian households. The more...
| Price: $18.00
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| Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model Author/Editor: Giovanni Melina, Susan S. Yang, Luis-Felipe Zanna. Release Date:March, 2014 This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in more...
| Price: $18.00
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| Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime Author/Editor: Andrew Berg, Rafael A Portillo, Luis-Felipe Zanna. Release Date:January, 2014 We study the role of the exchange rate regime, reserve accumulation, and sterilization policies inthe macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption more...
| Price: $18.00
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 | Public Investment in Resource-Abundant Developing Countries Author/Editor: Andrew Berg, Rafael Portillo, Shu-Chun S Yang, Luis-Felipe Zanna. Release Date:November, 2012 Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper more...
| Price: $18.00
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