[PDF] Top 20 Household borrowing constraints and monetary policy in emerging economies

... markets in emerging economies can be distinguished from those in advanced economies in many respects, including the collateral required for households to ...some emerging ... See full document

... increases in the price of regulated utilities and the exchange rate, have been one of the main challenges faced by the ...Plan, in July 1994, for a variety of reasons, regulated- price inflation has ... See full document

... model in order to study country risk behavior for six emerging economies (Argentina, Mexico, Russia, Thailand, Korea and Indonesia), by expanding the Country Beta Risk Model of Harvey ... See full document

... disparities and slow productivity growth in most advanced, and several emerging- market, economies have rekindled interest in the empirical analysis of the determinants of ... See full document

... Gertler and Kiyotaki (2010) show how disruption in financial intermediation can affect real ...BGG and earlier literature, financial friction in Gertler and Kiyotaki focus on financial ... See full document

... country’s monetary policy before achieving real and nominal economic convergence, ...main economies of the monetary union would have negative consequences both concerning the real ... See full document

... for monetary regimes: dollarization, monetary union and local ...Cole and Kehoe ([3], [4] and [5]), although we do not necessarily follow their sunspot ...example, and might ... See full document

... di¤usion, and more speci…cally on the analysis of Mukoyama (2006), we adapt the innovation di¤usion mechanism to a setup of information dissemination where a permanent feedback between two entities exists: …rms ... See full document

... mean and on Multivariate Generalized Autoregressive Conditional Heteroskedasticity (MGARCH) ...models. In particular, the Constant Conditional Correlation (CCC-) model proposed by Bollerslev (1990) is ... See full document

... liquidity constraints present in the model. In fact, the resaleability constraint ' t - similarly to the cash- in-advance constraint or the money-in-utility formulation - lacks ... See full document

... MBR and AGE are used as proxies for growth and investment ...positive and insignificant, whereas, as predicted, the coef- ficient of AGE is positive and significantly different from ...Booth, ... See full document

... We study the other altematives and show that when both parties share the same information structure the probability of trade is one; while when buyers are uninformed and sellers are in[r] ... See full document

... macroeconomic policy regime. In addition to the standard policy objectives of any macroeconomic regime; namely, inflation and employment and activity levels, the SSCRER regime also ... See full document

... working in high skill ...ranking and school attainment indicates formal requirements to be eligible for higher skill ...years in school with some indication of convexity in schooling premium, ... See full document

... estimations in this paper. First, monetary policy shocks have important real effects on the ...decline in output in all the three periods ...effects, monetary policy shocks ... See full document

... Central and Eastern Europe has a somewhat different experience, when com- pared to other emerging regions, concerning the financial liberalization process, as the process there seems to have been much less ... See full document

... Based on three versions of a small macroeconomic model for Brazil, this paper presents empirical evidence on the effects of parameter uncertainty on monetary policy rules and on the [r] ... See full document

... worker) and the rate of change in labor force participation (LFP) (both from World Bank’s WDI ...including in the baseline regression the difference between the Gini coefficients on gross and ... See full document

... phase in the aftermath of the crises (April 2009 to December 2010); and the adjustment period, following the recovery, when authorities introduced numerous measures to cool down an overheating credit market ... See full document

... Finance and economic growth: Those two notions are, nowadays, in the centre of the public and political ...are in 2008, on September 15th, and Lehman Brothers files for ...only ... See full document