Now showing items 1-10 of 86
Decentralized dynamic processes for finding equilibrium
(Elsevier, 1992-04)
This paper describes a class of decentralized dynamic processes designed to converge to equilibrium when the equilibrium equations are linear. These processes can also be viewed as distributed algorithms for solving systems ...
Stationary equilibrium transition rules for an overlapping generations model with uncertainty
(Elsevier, 1985-02)
An overlapping generations model incorporating random production shocks is studied. Households have finite life spans. Futures markets are incomplete. Agents have full information in one case, and receive only a limited ...
Federalism as a Public Good
(Kluwer Academic Publishers; Springer Science+Business Media, Inc., 2005-06)
This paper suggests that stabilizing federalism is like solving a public good provision problem. It reviews results in the public good provision literature that are relevant for federalism, and discusses the implications ...
Statistical Analysis of Choice Experiments and Surveys
(Kluwer Academic Publishers; Springer Science + Business Media, Inc., 2005-12)
Measures of households' past behavior, their expectations with respect to future events and contingencies, and their intentions with respect to future behavior are frequently collected using household surveys. These questions ...
LDC savings rates and debt crises
(Elsevier, 1988-07)
Conventional wisdom holds that LDC debt problems reflect, in part, the switch of foreign financing towards commercial loans. With no adequate supervision over the use of these funds, international finance may not have ...
Tax Avoidance and the Allocation of Credit
(1998-05-01)
This paper models the credit-seeking behavior of a firm when applying for a bank loan increases the probability of being monitored by the fiscal authorities. Using Russia as an example of an economy with poorly enforced ...
Intergenerational preference differences and optimal national saving
(Elsevier, 1980-02)
This paper investigates the problem facing national planners who realize that their successors may employ different social welfare criteria for determining economic policies than they do. In such a situation, we show that ...
Transactional Structures of Bank Privatization in Central Europe and Russia
(1997-04-01)
In pursuing bank privatization, governments in Central Europe and Russia faced a common set of policy issues including how to break up the monobank system, deal with troubled loans, transfer equity to the private sector, ...
Romanian Financial System Reform
(1997-11-01)
Taking steps to reduce financial system fragility is important for sustained economic growth. This paper focuses on two questions: What are the key problems of the Romanian financial system? What specific action steps ...