 | Financial Crises, Investment Slumps, and Slow Recoveries Author/Editor: Valerie Cerra, Mai Hakamada, Ruy Lama. Release Date:June, 2021 One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most more...
| Price: $20.00
|
| Links Between Growth, Inequality, and Poverty: A Survey Author/Editor: Valerie Cerra, Ruy Lama, Norman Loayza. Release Date:March, 2021 Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and more...
| Price: $18.00
|
| Shocks Matter: Managing Capital Flows with Multiple Instruments in Emerging Economies Author/Editor: Ruy Lama, Juan Pablo Medina. Release Date:June, 2020 We study the optimal management of capital flows in a small open economy model with financial frictions and multiple policy instruments. The paper reports two main findings. First, both foreign more...
| Price: $18.00
|
| Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration Author/Editor: Alejandro Izquierdo, Ruy Lama, Juan Pablo Medina, Jorge Puig, Daniel Riera-Crichton, Carlos Vegh, Guillermo Javier Vuletin. Release Date:December, 2019 Over the last decade, empirical studies analyzing macroeconomic conditions that may affect the size of government spending multipliers have flourished. Yet, in spite of their obvious public policy more...
| Price: $18.00
|
| Unconventional Policies and Exchange Rate Dynamics Author/Editor: Gustavo Adler, Ruy Lama, Juan Pablo Medina. Release Date:November, 2017 We study exchange rate dynamics under cooperative and self-oriented policies in a two-country DSGE model
with unconventional monetary and exchange rate policies. The cooperative solution more...
| Price: $18.00
|
| Foreign Exchange Intervention and the Dutch Disease Author/Editor: Julia Faltermeier, Ruy Lama, Juan Pablo Medina. Release Date:March, 2017 We study the optimal foreign exchange (FX) intervention policy in response to a positive terms of trade shock
and associated Dutch disease episode in a small open economy model. We find that more...
| Price: $18.00
|
| Foreign Exchange Intervention under Policy Uncertainty Author/Editor: Gustavo Adler, Ruy Lama, Juan Pablo Medina Guzman. Release Date:March, 2016 We study the use of foreign exchange (FX) intervention as an additional policy instrument in an environment with learning, where agents infer the central bank policy rules from its policy actions. more...
| Price: $18.00
|
| Fiscal Consolidation During Times of High Unemployment : The Role of Productivity Gains and Wage Restraint Author/Editor: Ruy Lama, Juan Pablo Medina Guzman. Release Date:December, 2015 This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open
 economy model with distortionary taxation and unemployment. We argue that the more...
| Price: $18.00
|
 | Deciding to Enter a Monetary Union: TheRole of Trade and Financial Linkages Author/Editor: Ruy Lama, Pau Rabanal. Release Date:October, 2012 This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model more...
| Price: $18.00
|
| Employment Protection and Business Cycles in Emerging Economies Author/Editor: Ruy Lama, Carlos Urrutia. Release Date:December, 2011 We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features more...
| Price: $18.00
|
|
Help