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  • 2000-2004  (1)
  • 1995-1999  (2)
  • 1
    Unknown
    Cambridge, Mass : MIT Press
    Keywords: United States, Economic conditions, 1981-2001. ; United States, Economic policy, 1993-2001.
    Notes: U.S. monetary policy during the 1990s / N. Gregory Mankiw -- Fiscal policy and Social Security policy during the 1990s / Douglas W. Elmendorf, Jeffrey B. Liebman, David W. Wilcox -- Tax policy from 1990 to 2001 / Eugene Steuerle -- Between meltdown and moral hazard : the international monetary and financial policies of the Clinton administration / J. Bradford DeLong, Barry Eichengreen -- International trade policy in the 1990s / Robert Z. Lawrence -- The "new economy" and information technology policy / Pamela Samuelson, Hal R. Varian -- Antitrust policy in the Clinton administration / Robert E. Litan, Carl Shapiro -- Energy policy during the 1990s / Paul L. Joskow -- National environmental policy during the Clinton years / Robert W. Hahn, Robert N. Stavins -- Putting students and workers first? : education and labor policy in the 1990s / Alan B. Krueger, Cecelia E. Rouse -- The Clinton legacy for America's poor / Rebecca M. Blank, David T. Ellwood -- Health policy in the Clinton era : once bitten, twice shy / David Cutler, Jonathan Gruber -- Medicare / Joseph P. Newhouse -- The process of economic policy-making during the Clinton administration / Jonathan M. Orszag, Peter R. Orszag, Laura D. Tyson
    Pages: xii, 1119 p.
    ISBN: 0-585-44277-0
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  • 2
    ISSN: 1573-708X
    Keywords: country fund ; crisis ; emerging markets ; equities ; expectations ; asymmetric ; divergent ; heterogeneous ; Mexico ; peso ; F30 ; F34 ; G15
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract It has been suggested that Mexican investors were the “front-runners” in the peso crisis of December 1994, turning pessimistic before international investors. Different expectations about their own economy, perhaps due to asymmetric information, prompted Mexican investors to be the first ones to leave the country. This paper investigates whether data from three Mexican country funds provide evidence that supports the “divergent expectations” hypothesis. We find that, right before the devaluation, Mexican fund Net Asset Values (mainly driven by Mexican investors) dropped first and/or faster than Mexican country fund prices (mainly driven by foreign investors). Moreover, we find that Mexican NAVs tend to Granger-cause the country fund prices. This suggests that causality, in some sense, flows from the Mexico City investor community to the Wall Street investor community.
    Type of Medium: Electronic Resource
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  • 3
    Publication Date: 1999-06-01
    Description: Examining the correlation between trade and income cannot identify the direction of causation between the two. Countries' geographic characteristics, however, have important effects on trade, and are plausibly uncorrelated with other determinants of income. This paper therefore constructs measures of the geographic component of countries' trade, and uses those measures to obtain instrumental variables estimates of the effect of trade on income. The results provide no evidence that ordinary least-squares estimates overstate the effects of trade. Further, they suggest that trade has a quantitatively large and robust, though only moderately statistically significant, positive effect on income. (JEL F43, O40)
    Print ISSN: 0002-8282
    Electronic ISSN: 1944-7981
    Topics: Economics
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