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An Empirical Assessment of the Exchange Rate Pass-through in Mozambique

Author/Editor: Ari Aisen, Edson Manguinhane, Felix F Simione.

Release Date:May, 2021

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates more...



Price: $18.00
Monitoring and Managing Fiscal Risks in the East African Community

Author/Editor: Paolo Mauro, Herve Joly, Ari Aisen, Emre Alper, Francois Boutin-Dufresne, Jemma Dridi, Nikoloz Gigineishvili, Tom Josephs, Clara Mira, Vimal V Thakoor, Alun H Thomas, Fan Yang.

Release Date:August, 2015

This paper takes stock of the main fiscal risks facing the EAC partner countries. These include macroeconomic shocks, and specific risks, such as the financial performance of the public enterprises, more...



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Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

Author/Editor: Paulo Drummond, Ari Aisen, Emre Alper, Ejona Fuli, Sébastien Walker.

Release Date:July, 2015

This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews more...



Price: $20.00
How Does Political Instability Affect Economic Growth?

Author/Editor: Ari Aisen, Francisco José Veiga.

Release Date:January, 2011

The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering more...



Price: $18.00
Bank Credit During the 2008 Financial Crisis : A Cross-Country Comparison

Author/Editor: Ari Aisen, Michael Franken.

Release Date:February, 2010

This paper empirically estimates the main determinants of bank credit growth during the 2008 financial crisis. Using a sample covering over 80 countries, this paper finds that larger bank credit more...



Price: $18.00
Budget Deficits and Interest Rates : A Fresh Perspective

Author/Editor: Ari Aisen, David Hauner.

Release Date:February, 2008

We extend the literature on budget deficits and interest rates in three ways: we examine both advanced and emerging economies and for the first time a large emerging market panel; explore more...



Price: $18.00
Political Instability and Inflation Volatility

Author/Editor: Francisco José Veiga, Ari Aisen.

Release Date:September, 2006

The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We show that higher degrees of political instability, ideological polarization, and more...



Price: $18.00
The Political Economy of Seigniorage

Author/Editor: Ari Aisen, Francisco José Veiga.

Release Date:September, 2005

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper more...



Price: $15.00
Does Political Instability Lead to Higher Inflation? A Panel Data Analysis

Author/Editor: Ari Aisen, Francisco José Veiga.

Release Date:March, 2005

Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society's welfare and economic growth. However, determining the causes of the worldwide more...



Price: $15.00
Money-Based Versus Exchange-Rate-Based Stabilization : Is There Space for Political Opportunism?

Author/Editor: Ari Aisen.

Release Date:June, 2004

In response to high and chronic inflation, countries have adopted different stabilization policies. However, the extent to which these stabilization programs were designed for political motives is more...



Price: $15.00