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The Real Effects of Monetary Policy in the European Union : What Are the Differences?

Author/Editor: Ramana Ramaswamy, Torsten Sloek.

Release Date:December, 1997

The main finding of this paper is that the European Union (EU) countries fall into two broad groups according to the effects of monetary policy adjustments on economic activity. Estimates based on a more...



Price: $15.00
Monetary Frameworks : Is There a Preferred Option for the European Central Bank?

Author/Editor: Ramana Ramaswamy.

Release Date:June, 1997

This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. The main conjecture is that the European Central Bank ought to target inflation more...



Price: $10.00
Monetary Policy and Leading Indicators of Inflation in Sweden

Author/Editor: Josef Baumgartner, Göran Zettergren, Ramana Ramaswamy.

Release Date:April, 1997

This paper derives a set of leading indicators of inflation for Sweden. It also discusses methodological and policy issues pertaining to the estimation of these indicators. The main findings are: (1) more...



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Deindustrialization : Causes and Implications

Author/Editor: Ramana Ramaswamy, Bob Rowthorn.

Release Date:April, 1997

All advanced economies have experienced a secular decline in the share of manufacturing employment—a phenomenon referred to as deindustrialization. This paper argues that, contrary to more...



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Inflation Targeting in the United Kingdom : Information Content of Financial and Monetary Variables

Author/Editor: Josef Baumgartner, Ramana Ramaswamy.

Release Date:May, 1996

The main objective of this paper is to identify a set of leading indicators of inflation for the United Kingdom, and discuss the conceptual issues pertaining to inflation targeting. The main more...



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Challenges to the Swedish Welfare State

Author/Editor: Desmond Lachman, Ramana Ramaswamy, J H Green, Robert P Hagemann, Adam Bennett.

Release Date:October, 1995

Sweden's economy in the early 1990s has been characterized by a deep recession, high unemployment, a ballooning public sector budgete deficit, and a decline in the value of the currency- developments more...



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Recession and Recovery in the United Kingdom in the 1990'+L927s : A Vector Autoregression Approach

Author/Editor: Luis Catão, Ramana Ramaswamy.

Release Date:April, 1995

This paper uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative more...



Price: $15.00
Shocks and Structural Breaks : Labor Market Reforms in the United Kingdom

Author/Editor: Eswar Prasad, Ramana Ramaswamy.

Release Date:November, 1994

This paper analyzes the effects of the labor market reforms launched in the early 1980s by the Conservative government led by Mrs. Thatcher. It is argued that the increase in the growth of labor more...



Price: $15.00
The Structural Crisis in the Swedish Economy : Role of Labor Markets

Author/Editor: Ramana Ramaswamy.

Release Date:December, 1993



Price: $10.00
Centralized Bargaining, Efficiency Wages, and Flexibility

Author/Editor: Ramana Ramaswamy, Bob Rowthorn.

Release Date:March, 1993

The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the more...



Price: $15.00