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Friday, May 15, 2020 | History

2 edition of Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float found in the catalog.

Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float

Tamim A. Bayoumi

Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float

an impulse-response analysis

by Tamim A. Bayoumi

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Foreign exchange administration -- Econometric models.

  • Edition Notes

    StatementTamim Bayoumi, Barry Eichengreen.
    SeriesNBER working paper series -- working paper no. 4169, Working paper series (National Bureau of Economic Research) -- working paper no. 4169.
    ContributionsEichengreen, Barry J., National Bureau of Economic Research.
    The Physical Object
    Pagination30 p. :
    Number of Pages30
    ID Numbers
    Open LibraryOL22439424M

      The Collapse of the Bretton Woods System Another attempt to rescue the system came with the introduction of an international currency—the likes of what Keynes had proposed in the s. In the Bretton Woods system, persistent and large current account deficits initiated a loan from the IMF. In the post–Bretton Woods era, unilateral pegs periodically led to reserve depletion in countries, which necessitated a loan from the IMF. In a unilateral peg, the country pegs its currency to a hard currency such as the dollar.

    The establishment of the International monetary fund organization to facilitate short term loans and IBRD (International Ban If a nation that imports a good imposes a tariff, it will increase a. the domestic quantity demanded. b. the do Principles of Economics (MindTap Course List) According.   Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar’s value. The Bretton Woods .

    Journal of International Economics 14 (): pp. 3–24, and Richard A. Meese, "Currency Fluctuations in the Post-Bretton Woods Era," Journal of Economic Perspectives 4, no. 1 (): pp. –, provide evidence that the predictive value that economic models have for monthly or quarterly exchange rates is essentially zero. 2. Bayoumi, T., and Barry Eichengreen. Macroeconomic adjustment under the Bretton Woods and the post-Bretton-Woods float: An impulse response analysis. The Economic Journal Blanchard, Olivier J., and Danny Quah. The dynamic effects of aggregate demand and supply disturbances. American Economic Review


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Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float by Tamim A. Bayoumi Download PDF EPUB FB2

Abstract We analyse the comparative macroeconomic performance of the Bretton Woods System of pegged exchange rates and the post-Bretton Woods float. The change in volatility of prices and output following the shift to floating does not appear to have been associated with differences in underlying aggregate-supply and aggregate-demand by: Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis Tamim Bayoumi, Barry Eichengreen.

NBER Working Paper No. Issued in September NBER Program(s):International Finance and Macroeconomics. MACROECONOMIC ADJUSTMENT UNDER BRETTON WOODS AND THE POST-BRETTON-WOODS FLOAT: AN IMPULSE-RESPONSE ANALYSIS* Tamim Bayoumi and Barry Eichengreen We analyse the comparative macroeconomic performance of the Bretton Woods System of pegged exchange rates and the post-Bretton Woods float.

The change in volatility of prices and output. Tamim Bayoumi and Barry Eichengreen., "Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Center for International and Development Economics Research (CIDER) Working Papers C, University of California at Cited by: Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis Article (PDF Available) January with 25 Reads How we measure 'reads'.

" Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Economic Journal, Royal Economic Society, vol. (), pagesJuly. Tamim Bayoumi and Barry Eichengreen., Tamim Bayoumi & Barry Eichengreen, "Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis," NBER Working PapersNational Bureau of Economic Research, Inc.

Handle: RePEc:nbr:nberwo Note: IFM. The authors analyze the comparative macroeconomic performance of the Bretton Woods System of pegged exchange rates and the post-Bretton Woods float.

The change in volatility of prices and output following the shift to floating does not appear to have been associated with differences in underlying aggregate-supply and aggregate-demand shocks.

Author(s): Bayoumi, Tamim; Eichengreen, Barry. Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response AnalysisCited by: 11 Interest Differentials under Bretton Woods and the Post- Bretton Woods Float: The Effects of Capital Controls and Exchange Risk Richard C.

Marston After almost twenty years’ experience with flexible exchange rates, many ob- servers have begun to look back nostalgically at the Bretton Woods period of fixed exchange rates. The paper provides a coherent explanation of the causes and consequences of the shift from the Bretton Woods System of pegged exchange rates to the post-Bretton-Woods float.

The shift from fixed to floating was associated with a modest increase in the cross-country dispersion of supply shocks, but not with an increase in their average : Tamim Bayoumi and Barry Eichengreen. Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis explanation of the causes and consequences of the shift from the Bretton Woods System of pegged exchange rates to the post-Bretton-Woods float.

The shift from fixed to floating was associated with a modest increase in the cross Author: Tamim Bayoumi and Barry Eichengreen. Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float An impulse-response analysis By T.

Bayoumi, B.J Eichengreen and London (United Kingdom) Centre for Economic. Get this from a library. Macroeconomic adjustment under Bretton Woods and the post-Bretton-Woods float: an impulse-response analysis. [Tamim A Bayoumi; Barry J Eichengreen; National Bureau of Economic Research.].

Interest Differentials under Bretton Woods and the Post-Bretton Woods Float: The Effects of Capital Controls and Exchange Risk Richard C.

Marston. Chapter in NBER book A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform (), Michael D. Bordo and Barry Eichengreen, editors (p. - ). Get this from a library. Macroeconomic adjustment under Bretton Woods and the post- Bretton-Woods float: an impulse-response analysis.

[Tamim Bayoumi; Barry J Eichengreen; University of California, Berkeley. Center for International and Development Economics Research.; University of California, Berkeley.

Institute of Business and Economic Research.]. III The Legacy of Bretton Woods: (p. - ) (bibliographic info) Interest Differentials under Bretton Woods and the Post-Bretton Woods Float: The Effects of Capital Controls and Exchange Risk: Richard C. Marston (p.

- ) (bibliographic info) Cited by: Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis By Tamim Bayoumi and Barry Eichengreen.

Topics: Bretton Woods, exchange rates, international adjustment, Author: Tamim Bayoumi and Barry Eichengreen. Bayoumi, Tamim & Eichengreen, Barry, "Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Center for International and Development Economics Research (CIDER) Working PapersUniversity of California-Berkeley, Department of Economics.

Bayoumi, Tamim & Eichengreen, Barry, This working paper reviews two episodes in international economic coordination surrounding the events of August–December first, the slow-motion collapse of the Bretton Woods international monetary system (IMS) and, second, the failure of the effort to reform and replace the Bretton Woods File Size: KB.

Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis. by Tamim Bayoumi and Barry Eichengreen.

R&D spillovers and global growth by Bayoumi, Tamim & Coe, David T. & Helpman, Elhanan; Consumption, Income, and International Capital Market Integration by Bayoumi, Tamim.The Bretton Woods Institutions are the World Bank, and the International Monetary Fund (IMF).

They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July Their aims were to help rebuild the shattered postwar economy and to promote international economic .3 Debates about Economic Adjustment in Europe before the Eu. r57o Emmanuel Mourlon-Druol present post–Bretton Woods; and they are surely with us today—indeed ampli- “rules of the road”—akin to those under Bretton Woods.

Perhaps building on the.