678 research outputs found

    EXCHANGE RATE FLUCTUATIONS AND ECONOMIC ACTIVITY IN DEVELOPING COUNTRIES: THEORY AND EVIDENCE

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    This paper examines the effects of exchange rate fluctuations on real output growth and price inflation in a sample of twenty-two developing countries. The analysis introduces a theoretical rational expectation model that decomposes movements in the exchange rate into anticipated and unanticipated components. The model demonstrates the effects of demand and supply channels on the output and price responses to changes in the exchange rate. In general, exchange rate depreciation, both anticipated and unanticipated, decreases real output growth and increases price inflation. The evidence confirms concerns about the negative effects of currency depreciation on economic performance in developing countries.Exchange Rate, Output Growth, Price Inflation, Supply vs. Demand Shifts

    On the benefits of nominal appreciations: Contrasting evidence across developed and developing countries

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    AbstractThe paper studies determinants of flexibility of the nominal effective exchange rate and the effects of exchange rate shocks on macroeconomic variables and key components of the external balances using data for a sample of advanced and developing countries. The composite evidence points to the positive effects of appreciation through cheaper imports in support of higher growth and lower price inflation in advanced and developing countries. However, the negative effects of appreciation are more pervasive on the external balances in developing countries. The implication is developing countries remain highly dependent on exports of commodities. In contrast, advanced countries are more diversified and ahead in capitalizing on currency appreciation to mobilize investment growth, a channel that boosts competitiveness and mitigates the adverse effect of appreciation on external stability. The evidence attests to the need to create an environment that is more conducive to investment growth in developing countries

    SIMONE DE BEAUVOIR, UNA LECTURA TRANSMODERNA

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    Framing it in her own memories and from a personal prism, Magda initially approaches the figure of Beauvoir considering the author in the autobiography of her work, and dwelling on her relationships and the tandem formed with Sartre. Once the person is considered, Magda turns to the author, entering into a discussion of "The Second Sex", and critically reviewing many of the positions adopted by Beauvoir in this work. Lastly, Magda analyzes the situation of a “transmodern feminism” examining its link with movements such as Existentialism and highlighting the challenges that still remain today regarding the conceptions that shape the image of women.Enmarcándola en sus propios recuerdos y desde un prisma personal, Magda se acerca inicialmente a la figura de Beauvoir considerando a la autora en lo autobiográfico de su obra, y deteniéndose en sus relaciones y en el tándem formado con Sartre. Una vez considerada la persona, Magda se vuelve hacia la autora adentrándose en una discusión de “El Segundo Sexo”, y repasando críticamente muchos de los posicionamientos adoptados por Beauvoir en esta obra. En último lugar, Magda analiza la situación de un “feminismo transmoderno” examinando su vinculación con movimientos como el Existencialismo y subrayando los retos que hoy en día siguen pendientes en torno a las concepciones que configuran la imagen de mujer. Abstract Framing it in her own memories and from a personal prism, Magda initially approaches the figure of Beauvoir considering the author in the autobiography of her work, and dwelling on her relationships and the tandem formed with Sartre. Once the person is considered, Magda turns to the author, entering into a discussion of "The Second Sex", and critically reviewing many of the positions adopted by Beauvoir in this work. Lastly, Magda analyzes the situation of a “transmodern feminism” examining its link with movements such as Existentialism and highlighting the challenges that still remain today regarding the conceptions that shape the image of women

    Awareness of the imminent end: Magda Isanos - 100 years after her birth

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    In 2016 is celebrating 100 years from the birth day of Magda Isanos, a Romanian lawyer, novelist, poet and publicist . The author proposes in article a brief biography related to the literary activity of the poet, novelist and journalist. It also presents Magda Isanos’s works in the collections of USARB Scientific Library

    Company SIA "Magda Forte" products promotional opportunities in foreign market

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    Bakalaura darbā „Uzņēmuma SIA „Magda Forte” produkcijas virzīšanas iespējas ārvalstu tirgū” ir izveidota produkta virzīšanas iespējas Norvēģijas tirgū, izmantojot mārketinga komunikāciju paņēmienus. Bakalaura darbs sastāv no sešām nodaļām. Pirmajās trijās nodaļās tiek sniegts ieskats teorētiskajos aspektos, apskatot, kas ir produkta virzīšana tirgū, kāda ir reklāma un tās nozīme, kas ir eksportu veicinošie faktori, kāda ir Latvijas Investīciju un attīstības aģentūras loma. Ceturtajā nodaļā darba autore veic apskatu par uzņēmumu SIA „Magda Forte” līdzšinējo darbību un tā produkciju. Piektajā nodaļā aprakstīts Norvēģijas kokmateriālu tirgus. Visbeidzot sestajā nodaļā tiks apskatītas Uzņēmuma SIA „Magda Forte” produkcijas eksporta iespējas uz Norvēģiju, kā arī piedāvātas alternatīvas eksporta iespējās, sniegti ieteikumi, kas uzņēmumam būtu jāveic, lai veiksmīgāk iekļūtu Norvēģijas tirgū. Darba rezultātā izstrādātas uzņēmuma SIA „Magda Forte” produkcijas eksporta iespējas uz NorvēģijuThesis consists of six chapters. The first three chapters are given insight into the theoretical aspects. Looking at what is the product promotion, advertising and what is its role in the export of contributing factors as well as deals with the Latvian Investment and Development Agency. In the fourth chapter, the author carried out an overview of the company SIA „Magda Forte” and the output current activity. The fifth chapter Norwegian wood products market research. Finally, the sixth chapter examines the company SIA „Magda Forte” production for exports to Norway, and what alternatives there are for export opportunities that the company should do for connection with the entry into the Norwegian market. Result of the work developed in the company SIA „Magda Forte” production for exports to Norway, as well as alternatives to entering the Norwegian market. Content of the paper is 90 pages including 10 pictures, 7 tables and 4 appendixes

    Comics by Magda Dulčić

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    Ovaj diplomski rad se fokusira na analizu strip opusa, stvaralačkih faza i umjetničkog izraza Magde Dulčić (1965. – 2016. g.), te njen autorski značaj i podstrek u okvirima razvojne perspektive nacionalnog stripa. Na tragu invencija koje unosi grupa Novi kvadrat, a u suradnji s njihovim pripadnikom, Krešimirom Zimonićem, Magda Dulčić od 1985. g. kreira mnoštvo stripova za fanzine, omladinsku štampu, dnevne novine, strip magazine i dječje časopise. Njeni radovi objavljivani su na stranicama Lucifera, Kurir, Patka, Vidika, Poleta, Večernjeg lista, Flita, Comicona, Modre laste, Arkzina, Prvog izbora i Oblutka. Svojom autentičnom poetikom izraza se izdvaja kao jedna je od prvih relevantnih autorica na strip sceni. Prepoznali su to i njeni kolege, kritičari popularne kulture i povjesničari umjetnosti, stoga je 1988. godine nagrađena za strip inovaciju na 4. Salonu jugoslavenskog stripa u Vinkovcima. Iduća etapa u karijeri je kolaboracija sa suprugom Zvonkom Todorovskim, unutar multimedijalne grupe Divlje oko, gdje plasiraju stripove namijenjene galerijskom gledanju, a u izrazu Magda Dulčić pokazuje rezolutnu nadogradnju stila. Istovremeno, ostvaruje ciklus stripova za djecu u kojima pokazuje koherentan i jasan izričaj, suptilnih intervencija i eksperimenata. U posljednjim samostalnim stripovima, autorica ostvaruje djela lirskih, intimnih i intuitivnih preokupacija.This thesis focuses on the analysis of comics, creative phases and versatile artistic expression of Magda Dulčić (1965-2016), and her outstanding significance within the development of Croatian national comics. The multi-facetness of artistic interest is the main characteristic of Magda Dulčić as an artist, which makes her opus an intriguing subject for analysis. Following the inventions introduced by the group Novi kvadrat, and under the auspices of their member, Krešimir Zimonić, Magda Dulčić has been, since the early 1980's, creating many comics for fanzines, youth press, daily newspapers, comic magazines and children's magazines. Her comics can be found on the pages of Lucifer, Kurir, Patak, Vidici, Polet, Večernji list, Flit, Comicon, Modra lasta, Arkzin, Prvi izbor and Oblutak. The comics created by Magda Dulčić have an easily recognized style and characteristic formal elements. With her authentic poetics of expression, she stands out as one of the first relevant female authors on the comic art scene. Her colleagues, critics of popular culture and art historians also recognized this, so in 1988 she was awarded for comic innovation at the 4th Salon of Yugoslav Comics in Vinkovci. The next stage in her career was a collaboration with her husband, Zvonko Todorovski, within the multimedia group Divlje oko, where they created comics intended for gallery viewing. Regarding her expression, Magda Dulčić shows a more resolute change of style, thematically, visually and technically more complex. At the same time, she creates a cycle of comics for children in which she shows coherent and clear expressions, subtle interventions and experiments. In her latest independent comics, from 2010 until 2016, the author created works in which she displayed lyrical, intimate and intuitive preoccupations

    Is Increased Nominal Flexibility Stabilizing? Some International Evidence.

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    This paper studies the impact of the increased rigidity on macroeconomic fluctuations. The author uses this evidence to test the validity of two major "Keynesian" explanations. The first is the conventional sticky wage/sticky price explanation that suggests that the increased nominal rigidity, ceteris paribus, is destabilizing. The second is a recently developed explanation that suggests that the increased flexibility is destabilizing. The author's results are consistent with the conventional implications. Copyright 1991 by The London School of Economics and Political Science.

    Variations in the Response of Real Output to Aggregate Demand Shocks: A Cross-Industry Analysis.

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    Using industry data, this paper investigates the determinants of the response of real output to aggregate demand shocks across industries of the U.S. economy. The purpose of this investigation is to verify the empirical validity of two competing explanations for this response: a new classical explanation and a new Keynesian explanation. The author finds that the impact of aggregate demand shocks on industrial real output is negatively related to the mean inflation of industrial output price and positively related to the variability of the demand for this output. In addition, some industry-specific factors are important in differentiating the cyclical behavior of real output across industries. This evidence does not provide a clear support for any of the competing explanations considered in this paper. The evidence, however, sheds some light on important factors that differentiate the response of real output to aggregate demand shocks across industries of the economy. Copyright 1991 by MIT Press.

    On the effects of monetary policy shocks in developing countries

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    AbstractUsing annual data for a sample of developing countries, the time-series evidence indicates the allocation of monetary policy shocks, both expansionary and contractionary, between price inflation and output growth. Subsequently, cross-country regressions evaluate factors that underlie the difference in these allocations and their implications. The real effects of monetary shocks increase as the elasticity of aggregate demand increases with respect to monetary shocks. Nonetheless, capacity constraints hamper the output adjustment to monetary shocks and increase price inflation. Across countries, trend output growth increases with the output response to monetary shocks. Consistent with the stabilizing function of monetary policy, the variability of output growth decreases in the face of monetary fluctuations across countries. In contrast, monetary fluctuations increase the trend and variability of price inflation across countries

    Monetary shifts and co-movements in spending, growth, and inflation: Evidence from developing and advanced countries

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    Using annual data, the paper studies the time-series evidence regarding the allocation of monetary growth shifts between demand components, real growth and price inflation in a sample of developing and advanced countries. The evidence reveals patterns of interaction between demand shifts and the real and inflationary effects of monetary policy. These patterns provide sharp differences in the distribution of monetary shocks across economic variables in developing and advanced countries. The paper evaluates the evidence and draws policy implications regarding potential constraints on monetary policy
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