 | Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy Author/Editor: Stephen J. Turnovsky, Serpil Tekin, Valerie Cerra. Release Date:August, 2008 A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid more...
| Price: $18.00
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| The Monetary Model Strikes Back : Evidence from the World Author/Editor: Valerie Cerra, Sweta Chaman Saxena. Release Date:March, 2008 We revisit the dramatic failure of monetary models in explaining exchange rate movements. Using the information content from 98 countries, we find strong evidence for cointegration between nominal more...
| Price: $18.00
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| Robbing the Riches : Capital Flight, Institutions, and Instability Author/Editor: Sweta Chaman Saxena, Meenakshi Rishi, Valerie Cerra. Release Date:October, 2005 Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions more...
| Price: $15.00
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| Growth Dynamics : The Myth of Economic Recovery Author/Editor: Sweta Chaman Saxena, Valerie Cerra. Release Date:July, 2005 Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and more...
| Price: $15.00
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| Eurosclerosis or Financial Collapse : Why Did Swedish Incomes Fall Behind? Author/Editor: Valerie Cerra, Sweta Chaman Saxena. Release Date:February, 2005 Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to eurosclerosis or more...
| Price: $15.00
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 | Sweden's Welfare State : Can the Bumblebee Keep Flying? Author/Editor: Subhash Madhav Thakur, Valerie Cerra, Balázs Horváth, Michael Keen. Release Date:May, 2003 Sweden has long been viewed as epitomizing a particular approach to economic and social policy. To its advocates, the Swedish welfare state builds on a strong social consensus favoring extensive more...
| Price: $23.50
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| Sweden's Welfare State Author/Editor: Subhash Madhav Thakur, Valerie Cerra, Balázs Horváth, Michael Keen. Release Date:May, 2003 Sweden has long been viewed as epitomizing a particular approach to economic and social policy. To its advocates, the Swedish welfare state builds on a strong social consensus favoring extensive more...
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| Did Output Recover From the Asian Crisis? Author/Editor: Valerie Cerra, Sweta Chaman Saxena. Release Date:March, 2003 This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six more...
| Price: $15.00
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| An Empirical Analysis of China's Export Behavior Author/Editor: Sweta Chaman Saxena, Valerie Cerra. Release Date:November, 2002 This paper studies the behavior of China's exports from the mid-1980s through 2001. Extensive quarterly data on values and quantities of major export products have been taken from Chinese customs more...
| Price: $15.00
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| How Competitive Is Irish Manufacturing? Author/Editor: Valerie Cerra, Jarkko Soikkeli. Release Date:September, 2002 Ireland has had significant competitiveness gains in the 1990s on the basis of the standard manufacturing unit labor cost-based measure of the real effective exchange rate. A handful of sectors more...
| Price: $15.00
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