Page 1. This PDF is a selection from a published volume from the National Bureau of Economic
Research Volume Title: NBER Macroeconomics Annual 2004, Volume 19 Volume Author/Editor:
Mark Gertler and Kenneth Rogoff, editors Volume Publisher: MIT Press ...
S Fischer, R Sahay… - The Journal of Economic Perspectives, 1996 - JSTOR
Page 1. Journal of Economic Perspectives-Volume 10, Number 2-Spring 1996-Pages
45-66 Stabilization and Growth in Transition Economies: The Early Experience
Stanley Fischer, Ratna Sahay, and Carlos A. VWgh M ore ...
GA Calvo… - Handbook of macroeconomics, 1999 - Elsevier
CA Végh - Staff Papers-International Monetary Fund, 1992 - JSTOR
Page 1. IMF Staff Papers Vol. 39, No. 3 (September 1992) © 1992 International Monetary Fund
Stopping High Inflation An Analytical Overview CARLOS A. VEGH* The evidence on stopping
high inflation is interpreted in terms of an analytical framework. ...
S Rebelo… - 1995 - nber.org
Page 1. This PDF is a selection from an out-of-print volume from the National Bureau of Economic
Research Volume Title: NBER Macroeconomics Annual 1995, Volume 10 Volume Author/Editor:
Ben S. Bernanke and Julio J. Rotemberg, eds. Volume Publisher: MIT Press ...
GA Calvo, CA Végh… - 1992 - tatyanke.pisem.net
Page 1. 1/ This paper was prepared as the introductory chapter for a special issue,
edited by the authors, on ACurrency Substitution in Developing Countries@ of the
Revista de Analisis Economico, to be published in June 1992. ...
Page 1. NBER WORKING PAPER SERIES THE UNHOLY TRINITY OF FINANCIAL
CONTAGION Graciela L. Kaminsky Carmen M. Reinhart Carlos A. Vegh Working
Paper 10061 http://www.nber.org/papers/w10061 NATIONAL ...
E Talvi… - 2000 - nber.org
Page 1. Page 2. Page 3. Page 4. Page 5. Page 6. Page 7. Page 8. Page 9. Page 10. Page 11.
Page 12. Page 13. Page 14. Page 15. Page 16. Page 17. Page 18. Page 19. Page 20. Page
21. Page 22. Page 23. Page 24. Page 25. Page 26. Page 27. Page 28. Page 29. Page 30. Page ...
E Talvi… - Journal of Development Economics, 2005 - Elsevier
GA Calvo,
CM Reinhart… - Journal of Development Economics, 1995 - Elsevier
C Végh - IMF Working Paper No. 91/77, 1991 - papers.ssrn.com
This paper analyzes stabilization policy under predetermined exchange rates in a
cash-in-advance, staggered-prices model. Under full credibility, a reduction in.
S Edwards… - Journal of Monetary Economics, 1997 - Elsevier
GA Calvo… - Contemporary Economic Policy, 1994 - Wiley Online Library
Page 1. INFLATION STABILIZATION AND NOMINAL ANCHORS GUILLERMO A. CALVO and
CARLOS A. VEGH* This paper analyzes the choice of a nominal anchor in disinflation programs
in chronic inflation countries. Both theory and evidence suggest several conclusions. ...
CM Reinhart… - Journal of Development Economics, 1995 - Elsevier
S Fischer, R Sahay… - The American Economic Review, 1996 - JSTOR
Page 1. Economies in Transition: The Beginnings of Growth By STANLEY FISCHER, RATNA
SAHAY, AND CARLOS A. VEGH * The economic transition in Eastern Europe and the former
Soviet Union (FSU) began with the Polish big-bang reform program in January 1990. ...
E Ilzetzki… - 2008 - nber.org
Page 1. NBER WORKING PAPER SERIES PROCYCLICAL FISCAL POLICY IN
DEVELOPING COUNTRIES: TRUTH OR FICTION? Ethan Ilzetzki Carlos A. Vegh
Working Paper 14191 http://www.nber.org/papers/w14191 NATIONAL ...
R Sahay, CA Vegh… - 1995 - papers.ssrn.com
Page 1. 0441 This is a Working Paper and the author(s) would welcome IMF WORKING PAPER
any comments on the present text. Gtations should refer to a Working Paper of the International
Monetary Fund, men- tioning the author(s), and the date of issuance. The views ...
G Calvo… - Advances in econometrics: sixth World …, 1994 - books.google.com
The Southern-Cone stabilisation programmes of the late 1970s brought new challenges to
economic theory. 2 The underlying idea behind these programmes was that by pegging the
exchange rate to the dollar, the inflation rate would rapidly come down to international ...
A Lahiri… - 2002 - nber.org
Page 1. This PDF is a selection from a published volume from the National Bureau of
Economic Research Volume Title: Preventing Currency Crises in Emerging Markets Volume
Author/Editor: Sebastian Edwards and Jeffrey A. Frankel, editors ...
[CITATION] From currency substitution to dollarization and beyond: analytical and policy issues
GA Calvo… - Money, Exchange Rates, and …, 1996 - Cambridge, Mass.: MIT Press
JD Gregorio, P Guidotti… - The Economic Journal, 1998 - Wiley Online Library
Exchange rate-based stabilisations in chronic-inflation countries have often been
characterised by an initial consumption boom (which is most evident in the behaviour of
durable goods) followed by a later contraction. This paper provides an explanation for ...
PE Guidotti… - Journal of Monetary Economics, 1993 - Elsevier
C Vegh - IMF Working Paper No. 88/98, 1988 - papers.ssrn.com
Abstract: This paper analyzes the relationship between inflation tax and the level of
government spending in a public finance context. The key feature of the model developed is
that it recognizes the possibility that conventional taxes, such as the consumption tax, may ...
A Lahiri… - Journal of Political Economy, 2003 - JSTOR
AW Hoffmaister… - Staff Papers-International Monetary Fund, 1996 - JSTOR
... Alexander Hoffmaister, an Economist in the Research Department, received his
Ph.D. from Boston University. Carlos Vegh, a Senior Economist in the Research
Department, holds a Ph.D. from the University of Chicago. The ...
Page 1. NBER WORKING PAPER SERIES HOW BIG (SMALL?) ARE FISCAL
MULTIPLIERS? Ethan Ilzetzki Enrique G. Mendoza Carlos A. Végh Working Paper
16479 http://www.nber.org/papers/w16479 NATIONAL BUREAU ...
A Lahiri… - 2000 - nber.org
Page 1. NBER WORKING PAPER SERIES DELAYING THE INEVITABLE: OPTIMAL
INTEREST RATE POLICY AND BOP CRISES Amartya Lahiri Carlos A. Végh Working
Paper 7734 http://www.nber.org/papers/w7734 NATIONAL ...
GA Calvo… - Journal of Money, Credit and Banking, 1995 - JSTOR
Page 1. GUILLERMO A. CALVO CARLOS A. VEGH Fighting Inflation with High Interest Rates:
The Small Open Economy Case under Flexible Prices HIGH INTEREST RATES are often a key
ingredient in inflation stabilization programs in chronic inflation countries. ...
CA Végh - Journal of Monetary economics, 1989 - Elsevier
GA Calvo… - Journal of Development Economics, 1994 - Elsevier
R Sahay, C Vegh… - 1995 - papers.ssrn.com
Abstract: A simple model is developed to understand inflationary pressures and stabilization
in nonmarket economies. In light of the model, the paper reviews the inflation and
stabilization experiences of several transition economies in Eastern Europe and the ...
A Riascos… - unpublished (Washington: International …, 2003 - econweb.umd.edu
Abstract Whereas in the G-7 countries government consumption is essentially acyclical, in
developing countries it appears to be highly procyclical (ie, government consumption rises
in good times and falls in bad times). Several explanations have been advanced to ...
S Rebelo… - Review of Economic Studies, 2008 - Wiley Online Library
Skip to Main Content. ...
[CITATION] Can Optimal Fiscal Policy be Procyclical?
E Talvi… - Manuscript, Office of the Chief Economist, Inter- …, 1996
P Guidotti… - 1998 - papers.ssrn.com
Abstract: In exchange rate-based stabilization programs, credibility often follows a distinct
time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability
and hopes run high for a permanent solution to the fiscal problems. Later, as the domestic ...
CA Vegh - 2001 - nber.org
Page 1. NBER WORKING PAPER SERIES MONETARY POLICY, INTEREST RATE
RULES, AND INFLATION TARGETING: SOME BASIC EQUIVALENCES Carlos A.
Végh Working Paper 8684 http://www.nber.org/papers/w8684 ...
J Bhandari… - IMF Working Paper No. 89/19, 1989 - papers.ssrn.com
Page 1. IMF WORKING PAPER MASTER ROOM C- FILES 130 This is a working paper
and the author would welcome any comments on the present text. Citations should
refer to an unpublished marniseli pt, mentioning the author ...
A Lahiri, R Singh… - Journal of International Economics, 2007 - Elsevier
This paper revisits the issue of the optimal exchange rate regime in a flexible price
environment. The key innovation is that we analyze this question in the context of
environments where only a fraction of agents participate in asset market transactions (ie, ...
GA Calvo… - Staff Papers-International Monetary Fund, 1990 - JSTOR
Page 1. IMF Staff Papers Vol. 37, No. 4 (December 1990) ? 1990 International Monetary
Fund Interest Rate Policy in a Small Open Economy The Predetermined Exchange
Rates Case GUILLERMO A. CALVO and CARLOS A. VEGH* ...
A Lahiri… - Manuscript, UCLA, 2000 - lacea.org
Abstract Central banks typically raise short0term interest rates to defend currency pegs.
Higher interest rates, however, often lead to a credit crunch and an output contraction. We
model this trade0off in an optimizing, Krugman0type model in which the crisis may be ...
Most of the major exchange rate-based stabilizations (ERRS) in chronic inflation countries in
the last 30 years have ended in spectacular financial and balance of payments crises.
Moreover, there is a stunning resemblance in the dynamics of the main macroeconomic ...
PE Guidotti… - Journal of International Economics, 1992 - Elsevier
Exchange rate based inflation stabilization programs in developing countries often lead to
an initial consumption boom followed by an eventual recession. To explain such
phenomenon, theoretical models have focused on the role of intertemporal consumption ...
There is a rich history of stabilizations in chronic inflation countries, which spans more than
three decades. This provides a unique opportunity to identify the main patterns of adjustment
and examine econometrically some of the main features of disinflation in chronic inflation ...
[CITATION] How big are fiscal multipliers?
E Ilzetzki, EG Mendoza… - CEPR Policy Insight, 2009
MD Bordo… - 1998 - nber.org
Page 1. NBER WORKING PAPER SERIES WHAT IF ALEXANDER HAMILTON HAD
BEEN ARGENTINEAN? A COMPARISON OF THE EARLY MONETARY
EXPERIENCES OF ARGENTINA AND THE UNITED STATES Michael ...
A Lahiri… - The Economic Journal, 2007 - Wiley Online Library
Skip to Main Content. ...
R Sahay… - The Journal of Policy Reform, 1996 - Taylor & Francis
Page 1. Page 2. 76 R. Sahay and C. A. Vigh together with the presence of full
employment, as unquestionable evidence of the superiority of the planned system
over the capitalist system. Hence, the recognition of open inflation ...
PE Guidotti… - International Economic Review, 1999 - Wiley Online Library
Page 1. INTERNATIONAL ECONOMIC REVIEW Vol. 40, No. 1, February 1999 LOSING
CREDIBILITY: THE STABILIZATION BLUES* BY PABLO E. GUIDOTTI AND CARLOS A. VEGH
†1 ´ Ministry of Finance, Argentina Uni¨ersity of California at Los Angeles, USA ...
MD Bordo… - Journal of Monetary Economics, 2002 - Elsevier
E Talvi… - 1998 - papers.ssrn.com
Page 1. Fiscal Policy Sustainability: A Basic Framework Ernesto Talvi CERES
(Uruguay) ceres@adinet.com.uy Carlos A. Végh UCLA and NBER cvegh@ucla.
edu December 1998 Abstract The main purpose of this paper is to ...
[CITATION] Two hundred years of contagion
CA Vegh - Journal of International Money and Finance, 1995 - Elsevier
[CITATION] Procyclical fiscal policy in developing countries: the role of incomplete markets
A Riascos… - Los Angeles, United States: University of California Los …, 2003
GA Calvo… - The Economic Journal, 1996 - JSTOR
Page 1. The Economic Journal, io6 (November) I546-I563. ? Royal Economic Society I996.
Published by Blackwell Publishers, io8 Cowley Road, Oxford OX4 iJF, UK and 238 Main Street,
Cambridge, MA 02I42, USA. DISINFLATION AND INTEREST-BEARING MONEY* ...
[CITATION] Inflation stabilization in chronic inflation countries
G Calvo… - Handbook of Macroeconomics, 1999
[CITATION] Open Economy Macroeconomics in Developing Countries
C Vegh - Manuscript under preparation, 2006
A Lahiri, R Singh… - Manuscript, UCLA, 2003 - econ.yale.edu
Abstract This paper revisits the issue of the optimal exchange rate regime in a flexible price
environment. The key innovation is that we analyze this question in the context of
environments where only a fraction of agents participate in asset market transactions (ie, ...
A Lahiri, R Singh… - 2006 - nber.org
Page 1. NBER WORKING PAPER SERIES OPTIMAL EXCHANGE RATE REGIMES:
TURNING MUNDELL-FLEMING'S DICTUM ON ITS HEAD Amartya Lahiri Rajesh Singh
Carlos A. Vegh Working Paper 12684 http://www.nber.org/papers/w12684 ...
A Lahiri… - Unpublished manuscript, University of …, 2002 - aida.econ.yale.edu
Page 1. On the Non0Monotonic Relation between Interest Rates and the Exchange
Rate1 Amartya Lahiri UCLA lahiri@econ.ucla.edu Carlos A.Végh UCLA and NBER
cvegh@ucla.edu Revised draft: November 2001 1We would ...
CA Végh - Staff Papers-International Monetary Fund, 1988 - JSTOR
Page 1. Effects of Currency Substitution on the Response of the Current Account to
Supply Shocks CARLOS A. VEGH* Standard real models predict that a permanent
increase in oil prices would result in a current account surplus. ...
PE Guidotti… - Economics Letters, 1993 - Elsevier
There exist conflicting results on the optimal inflation tax in open economies subject to
currency substitution. This paper reconciles the different results and.
[CITATION] Should Interest Rates Be Raised to Fight Currency Depreciation
A Lahiri… - University of California–Los Angeles, Department of …, 2000
[CITATION] When it rains, it pours: Procyclical macropolicies and capital flows
G Kaminsky, C Reinhart… - NBER Macroeconomics Annual, 2004
[CITATION] Do Exchange Rate-Based Inflation Stabilizations Sow the Seeds of Their Own Destruction?
CM Reinhart… - 1996 - Mimeo, International Monetary Fund
MD Bordo… - Departmental Working Papers, 1997 - ideas.repec.org
No abstract is available for this item.
CA Végh… - Staff Papers-International Monetary Fund, 1990 - JSTOR
Page 1. IMF Staff Papers Vol. 37, No. 2 (June 1990) © 1990 International Monetary
Fund Optimal Taxation Policies in the EMS A Two-Country Model of Public Finance
CARLOS A. VEGH and PABLO E. GUIDOTTI* Constraints ...
V Hnatkovska, A Lahiri… - 2008 - nber.org
Page 1. NBER WORKING PAPER SERIES INTEREST RATES AND THE EXCHANGE
RATE: A NON-MONOTONIC TALE Viktoria Hnatkovska Amartya Lahiri Carlos A. Vegh
Working Paper 13925 http://www.nber.org/papers/w13925 ...
[CITATION] Tax base variability and procyclical fiscal policy in developing countries
T Ernesto… - Journal of Development Economics, 2005
A Riascos… - University of California at Los Angeles, …, 2004 - webpondo.org
Page 1. Procyclical Fiscal Policy in Developing Countries: The Role of Capital Market
Imperfections∗ Alvaro Riascos Banco de la República Carlos A. Vegh UCLA and
NBER This draft: May 2004 Abstract Whereas in the G-7 ...
A Lahiri… - NBER Conference on Currency Crises, 2000 - econ.ucla.edu
Page 1. Fighting Currency Depreciation: Intervention or Higher Interest Rates?1
Amartya Lahiri UCLA lahiri@econ.ucla.edu Carlos A.Végh UCLA and NBER
cvegh@ucla.edu Draft: December 20, 2000 1This paper has been ...
[CITATION] Handbook of Macroeconomics
G Calvo, C Végh, JB Taylor… - Handbook of …, 1999 - North Holland
[CITATION] Exchange-Rate Based Stabilization: The Dynamics of Non-Credible Policy
G Calvo… - 1991 - mimeo, IMF, Research Department. …
R Sahay… - Finance and Development, 1995 - elibrary.ru
Поиск в библиотеке, Расширенный поиск. ...
A Lahiri, R Singh… - Unpublished manu% script. University …, 2006 - webmeets.com
Abstract This paper studies optimal monetary policy in a small open economy under flexible
prices. The paperks key innovation is to analyze this question in the context of environments
where only a fraction of agents participate in asset market transactions (ie, asset markets ...
A Lahiri… - 1998 - econ.ucla.edu
Page 1. The Feasibility of BOP Crises: Monetary vs Fiscal Approach Amartya Lahiri
and Carlos Vìgh University of California, Los Angeles| December 1998 Abstract Under
the classical view, balance of payments crises are caused ...
[CITATION] Fiscal Policy Sustainability: A Basic Framework, Inter-American Development Bank
E Talvi… - 1998 - Research Network Working Paper
[CITATION] On the Effects of Currency Substitution on the Optimal Inflation Tax and on the Response of the Current Account to Supply Shocks
CA Végh - 1987 - doctoral dissertation
[CITATION] Procyclical fiscal policy in developing countries: truth or Fiction?
I Ethan… - NBER Working Paper, 2008
C Vegh… - IMF Working Paper No. 89/40, 1989 - papers.ssrn.com
Abstract: This paper analyzes, in a public finance context, how the optimal use of the
inflation and the consumption tax is affected by incorporating into the model constraints on
policy decisions that are likely to develop in the context of the EMS by 1992. Two main ...
C Reinhart, C Vegh… - MIT Press Books, 2008 - econpapers.repec.org
Guillermo Calvo, one of the most influential macroeconomists of the last thirty years, has
made pathbreaking contributions in such areas as time-inconsistency, lack of credibility,
stabilization, transition economies, debt maturity, capital flows, and financial crises. His ...
[CITATION] Open Economy Macroeconomics in Developing Countries, forthcoming
C Vegh - 2010 - MIT Press
C Végh - IMF Working Paper No. 90/110, 1990 - papers.ssrn.com
This paper studies price stabilization policy under both predetermined and flexible exchange
rates. Under predetermined exchange rates, a non-credible stabiliza.
[CITATION] Tax base variability and procyclical fiscal policy
C Végh… - NBER Working Paper, 2000
[CITATION] lHow Big (Small?) Are Fiscal Mul $ tipliers
E Ilzetzki, EG Mendoza… - 2010 - mNBER Working Papers 16479
[CITATION] Procyclical Government Spending in Developing Countries: The Role of Capital Market Imperfections"(mimeo; UCLA and Banco de la Republica, …
A Riascos… - 2003
[CITATION] mWhen It Rains It Pours: Procyclical Capital Flows and Macroeconomic Policies. nin NBER Macroeco" nomics Annual, edited by Mark Gertler and …
G Kaminsky, C Reinhart… - 2004 - Cambridge, MA: MIT Press
[CITATION] VSegmented Asset Markets and Optimal Monetary Policy
L Amartya, R Singh… - 2004 - V, mimeo
[CITATION] From Transition to Market: Evidence and Growth Prospects
F Stanley, R Sahay… - 1998 - International Monetary Fund …
[CITATION] Capital Flows in Central and Eastern Europe; Issues and Policy Options
GA Calvo, R Sahay… - 1995 - … mayo (Documento de Trabajo, no 95 …
[CITATION] Real Effects of Exchange-Rate based Stabilization
C Vegh… - NBER Working Paper, 1995
[CITATION] BOP Crises in Developing Countries,'forthcoming John Taylor and Michael Woodford (eds.) Handbook of Macroeconomics
G Calvo… - 1998 - North-Holland
C Reinhart, G Calvo… - 1994 - mpra.ub.uni-muenchen.de
Este trabajo presenta un análisis teórico y empirico de las politicas dirigidas a alcanzar un
nivel más depreciado de la tasa de carnbio real. Un modelo de optimización intertemporal
sugiere que, en ausencia de cambios en la politica fiscal, un nivel más depreciado de la ...
[CITATION] Stabilization and Growth in Transitional Economics: The Early Experience
S Fisher, R Sahay… - 1996 - … Fund Working Paper No. WP 96/31. …
[CITATION] Output Costs, Balance of Payments Crises, and Interest Rate Defense of a Peg, University of California
A Lahiri… - 2002 - Los Angeles, mimeo
[CITATION] How big are fiscal multipliers? CEPR Policy Insight No. 39
E Ilzetzki, EG Mendoza… - 2009 - October
[CITATION] Monetary and Interest Rate Policies in a New—Keynesian Framework: The Closed-Economy Case
GA Calvo… - 1989 - mimeo, International Monetary Fund, …
[CITATION] Exchange-Rate Based Stabilization with Imperfect Credibility
GA Calvo… - by Helmut Frisch and Andreas Worgotter, St. Martin's …, 1993
CA Vegh… - 2012 - nber.org
Page 1. NBER WORKING PAPER SERIES HOW IS TAX POLICY CONDUCTED OVER
THE BUSINESS CYCLE? Carlos A. Vegh Guillermo Vuletin Working Paper 17753
http://www.nber.org/papers/w17753 NATIONAL BUREAU ...
[CITATION] Inflation Stabilization” chapter in Handbook of Macroeconomics, edited by J. Taylor and M. Woodford
GA Calvo… - 1999 - Amsterdam, Netherlands: North …
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