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The Main Determinants of Inflation in Albania
June 1998 This study of inflation in Albania yields several conclusions: * Fighting inflation and keeping exports competitive requires cuts in the budget deficit and credit to government. * The strong seasonal inflation can be somewhat ameliorated by improving infrastructure and customs services. * Structural reforms and improved infrastructure should be part of all stabilization programs, because growth reduces inflation. Domac and Elbirt investigate the behavior and determinants of inflation in Albania, using three approaches. They * Decompose inflation into four components: seasonal, cyclical, trend, and random. * Rely on the widely used Granger causality test, using disaggregated data on...
Patents and Pharmaceutical Drugs
Lengthen effective patent protection in industrial countries and press developing countries to introduce patent protection. These two tactics have become important parts of the R&D-intensive pharmaceutical industry's strategy to regain losses in market share associated with more stringent drug safety regulations and increased competition from generic drug companies.
Creating the Reform-resistant Dependent Economy
How the CMEA system of international trade affected enterprise incentives and inhibited market-oriented domestic reform in the Eastern European socialist economies.
Planet of Slums
Celebrated urban theorist Davis provides a global overview of the diverse religious, ethnic, and political movements competing for the souls of the new urban poor.
Applying Tax Policy Models in Country Economic Work
Applications of general equilibrium models to different problems arising in tax policy - such as identifying desirable tax bases in Bangladesh, analyzing price controls in China, and coordinating tax- cum- tariff reform in India - show how useful they can be in supplementing more qualitative judgements. But they are useful only if substantial effort is devoted to establishing a consistent data set and to choosing the structure of the model in a way that makes its behavior consistent with what good economic analysis would suggest.
A RMSM-X Model for Chile
A simple macroeconomic model is applied to macroeconomic data for Chile.
