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pro vyhledávání: '"Magud, Nicolas"'
Autor:
Magud, Nicolas E., Pienknagura, Samuel
Publikováno v:
In Journal of International Money and Finance May 2024 143
Publikováno v:
In Journal of International Money and Finance February 2023 130
We study the process of external adjustment to large terms-of-trade level shifts—identified with a Markov-switching approach—for a large set of countries during the period 1960–2015. We find that adjustment to these shocks is relatively fast. C
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy