Easy-to-use guide explains how to clean up your credit report, lessen your debt, and cope with your financial woes. Shows how to keep creditors from harassing you, reduce your monthly payments, get a copy of your credit report, budget your money, and get your finances on track. Softcover.
![Firm dynamics, investment and debt portfolio: balance sheet effects of the Mexican crisis of 1994 [An article from: Journal of Development Economics]](http://ecx.images-amazon.com/images/I/51F54J4ZBNL._SL150_.jpg)
This digital document is a journal article from Journal of Development Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We build a partial equilibrium model of firm dynamics under exchange rate uncertainty. Firms face idiosyncratic productivity shocks and observe the current level of the real exchange rate each period. Given their current level of capital stock, firms make their export decisions and choose how much to invest. Investment is financed through one period loans from foreign lenders. The interest rate charged by each lender is set to satisfy an expected zero-profit condition. The model delivers a distribution of firms over productivity, capital stocks and debt portfolios, as well as an exit rule. We calibrate the model using data from a panel of Mexican firms, from 1989 to 2000, and analyze the effect of the 1994 crisis on these variables. As a result of the real exchange rate depreciation, the model predicts: (i) an increase in the debt burden, (ii) an increase in exports and (iii) a large decline in investment. These real effects are consistent with the evidence for the Mexican crisis.
![Endogenous labor supply in Diamond's (1965) OLG model: A reconsideration of the debt role [An article from: Journal of Macroeconomics]](http://ecx.images-amazon.com/images/I/515MBAN104L._SL150_.jpg)
This digital document is a journal article from Journal of Macroeconomics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
In this paper we show that, when elastic labor supply is considered via Cobb Douglas preferences, dynamic inefficiency of OLG economies, while being still a necessary condition, is no longer sufficient for an internal public debt increase to be welfare improving in the long run. This is due to the fact that the equilibrium interest rate can move in the ”wrong” direction if individuals’ labor supply is sufficiently elastic. Consequently, raising the level of debt when the economy is experiencing dynamic inefficiency could even be welfare-worsening, in contrast with [Diamond, P., 1965. National debt in a neoclassical growth model. American Economic Review 41, 1126-1150].
Resource and Activity Book full of scripture references, word games, puzzles, questions and coloring pages.
David Ricardo on Public Debt provides a comprehensive view of public debt from the Ricardian standpoint. It shows how and why Ricardo’s analysis of public debt connects to other themes and issues in Ricardian economics. Nancy Churchman demonstrates that his writings and speeches on the subject of public debt provide an interesting exploration of issues still very relevant today. In addition, they furnish us with a rich source of evidence regarding topics of interest to all Ricardian scholars, including his theories of resource allocation and economic growth, the quality of his applications of analysis to practical questions, and the motives behind both his abstract reasoning and policy recommendations.
