Open Economies Review

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Introduction to the Special Issue on “Exchange Rates, Financial Integration and Uncertainty”
Open Economies Review - Tập 31 - Trang 213-217 - 2020
Ansgar Belke
Central Bank Autonomy, the Exchange Rate Constraint and Inflation: The Case of Italy, 1970–1992
Open Economies Review - Tập 8 - Trang 31-49 - 1997
Giuseppe Tullio, Marcio Ronci
This paper analyzes the determinants of inflation in Italy over the period 1970–1992. Particular emphasis is placed on the role of central bank independence in influencing monetary growth, and on the role of monetary growth and of the Exchange rate Mechanism (ERM) in affecting inflation. In the 1970s and early 1980s, when the Bank of Italy lacked independence and the ERM was still not credible, mo...... hiện toàn bộ
The global economic consequences of the Uruguay Round
Open Economies Review - Tập 6 - Trang 111-129 - 1995
Warwick J. Mckibbin, Dominick Salvatore
This paper examines the provisions of the recently completed Uruguay Round and evaluates the qualitative and quantitative effects of the Round on major countries and regions of the world. The implications of the Uruguay Round are measured using the G-cubed multicountry model. This model captures macroeconomic and sectoral linkages within the global economy. This study differs from other studies in...... hiện toàn bộ
Crime, Terror and Corruption and Their Effect on Private Investment in Israel
Open Economies Review - Tập 22 - Trang 635-648 - 2009
Yaron Zelekha, Ohad Bar-Efrat
There are a number of mechanisms through which illegal activity can affect economic activity. Until now, most empirical research that has attempted to quantify the negative effects of illegal activity on economic performance has used international cross-section comparisons. The present study is apparently the first attempt in the literature to examine directly the effects of crime and corruption (...... hiện toàn bộ
The Aftermath of Anti-Dumping: Are Temporary Trade Barriers Really Temporary?
Open Economies Review - Tập 33 - Trang 677-704 - 2021
Magdalene Silberberger, Anja Slany, Christian Soegaard, Frederik Stender
A consistent finding in the literature is that anti-dumping (AD) acts as a significant barrier to bilateral trade, in particular, during the time such measures are in force. Adding to a relatively scarce empirical literature, however, we identify adverse impacts of AD which survive well beyond its revocation. More specifically, while we cannot rule out a slight post-revocation recovery, we find em...... hiện toàn bộ
Econometric Aspects of Convergence: A Survey
Open Economies Review - - Trang 1-21 - 2024
Ron P. Smith
The literature on convergence in per-capita income across countries has not converged on a common concept of convergence. It may be within a country towards its own steady state or between countries. Between country convergence may be absolute convergence to the same steady state; conditional convergence to country specific steady states, functions of observed variables; or club convergence to dif...... hiện toàn bộ
The Future International Monetary System: Dominant Currencies or Supranational Money? An Introduction
Open Economies Review - Tập 23 - Trang 1-12 - 2011
Michele Fratianni
The Feldstein-Horioka puzzle: The IS-LM model with optimal policy
Open Economies Review - Tập 5 - Trang 371-382 - 1994
J. Harold Mcclure
The high correlations between saving and investment, which suggest a small variability of the current account, is explored within an IS-LM framework. While Feldstein and Horioka interpret this evidence to imply a low degree of capital mobility, the pattern of shocks to the model is also important. If the monetary authorities are pegging domestic rates to foreign returns, then we would expect the F...... hiện toàn bộ
Maastricht: New and Old Rules
Open Economies Review - Tập 17 - Trang 477-492 - 2006
Franco Spinelli, Carmine Trecroci
Thanks to the Maastricht Treaty and similar arrangements, central banks nowadays enjoy considerable independence. This is generally believed to be the result of relatively recent debates, which led to the conclusion that sheltering monetary authorities from the pressures of fiscal policymakers is a prerequisite for monetary stability. However, in history this point has in fact been a recurrent ten...... hiện toàn bộ
The incentive for export subsidies under imperfect competition
Open Economies Review - Tập 2 - Trang 275-284 - 1991
Yasuhito Tanaka
By taking into account factor market interactions, the theory of strategic trade policies can consistently explain the fact that less efficient countries offer greater export subsidies to the most technologically advanced industries because in these countries there may be greater differences in efficiency of production technology between industries than in more efficient countries.
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