Essays on macroeconomics in the Dominican Republic and developing countries / editors by Peter A. Prazmowski, José R. Sánchez-Fung, Amelia U. Santos-Paulino ; design and cover art Orlando Abreu/Equis.

Informaciones biográficas de los editores en la solapas derecha.

List of Figures, xiii -- List of tables, xv -- Acknowledgements, xvii -- Foreword / Apolinar Veloz de la Rosa, Chief Economist, Central Bank ofthe Dominican Republic., xix -- Chapter 1. Introduction: Issues and policy implications, 1 -- Chapter 2. Money demand in the Dominican Republic / by Alan Carruth and José R. Sánchez-Fung, 2000, Applied Economics, 32, pages 1439-1449, 7 -- 2.1. Introduction, 7 -- 2.2. The demand for money, 9 -- 2.3. Empirical demand for money relationship in the Dominican Republic, 13 -- 2.3.1 Long-ron demand for money relationships, 14 -- 2.3.2 Short-run dynamic relationships, 21 -- 2.3.3 Policy implications, 24 -- 2.4 Conclusions, 26 -- References, 26 -- Data appendix, 29 -- Notes, 30 -- Chapter 3. Efficiency ofthe black market for foreign exchange and PPP: The case of the Dominican Republic / by José R. Sánchez-Fung, 1999, Applied Economics Letters, 6, pages 173-176, 33 -- 3.1. Introduction, 33 -- 3.2. Data, estimation and results, 34 -- 3.3. Conclusions, 38 -- References, 39 -- Appendix, 41 -- Notes, 41 -- Chapter 4. PPP, random walks, and UIP after interest rate liberalization in a small developing economy / by Peter A. Prazmowski and José R. Sánchez-Fung, 2004, Economics Bulletin, 6, pages 1-7, 43 -- 4.1. Introduction, 43 -- 4.2. Themodel, 44 -- 4.3. Econometric modeling, 46 -- References, 49 -- Notes, 50 -- Chapter 5. Endogenous credibility and stabilization programmes: evidence from the Dominican Republic / by Peter A. Prazmowski, 2002, Applied Economics Letters, 9, pages 933-937, 53 -- 5.1. Introduction, 53 -- 5.2. A model of inflation inertia and credibility, 54 -- 5.3. Empirical results, 56 -- 5.4. Concluding remarks, 61 -- References, 62 -- Appendix, 63 -- Notes, 6 -- Chapter 6. The effects of trade liberalisation on imports in selected developing countries / by Amelia U. Santos-Paulino, 2002. World Development, 30, pages 959-974, 67 -- 6.1. Introduction, 67 -- 6.2. Import demand functions: theory and empirical evidence, 69 -- 6.2.1. Import demand and trade liberalization, 70 -- 6.3. Descriptive evidence on trade policy, 72 -- 6.4. The model and results, 76 -- 6.4.1. The model, 76 -- 6.4.2. Empirical estimations, 77 -- 6.4.3. Fixed effects and GMM, 78 -- 6.4.4. Regional and trade policy disaggregation, 81 -- 6.4.5. The impact of liberalisation according to region, 81 -- 6.4.6. The impact of liberalisation according to the degree of protection, 83 -- 6.5. Conclusions and policy implications, 86 -- References, 88 -- Appendix, 96 -- Notes, 100 -- Chapter 7. Trade liberalisation and export performance in selected developing countries / by Amelia U. Santos-Paulino, 2002, Journal of Development Studies, 39, pages 140-164, 103 -- 7.1. Introduction, 103 -- 7.2. Evolution of trade policy reforms in selected developing countries, 105 -- 7.3. The model, 110 -- 7.4. Empirical estimation, 112 -- 7.4.1. Fixed effects and GMM, 113 -- 7.4.2 Regional disaggregation, 116 -- 7.4.3 The relative impact of export duties and trade liberalisation: summary of results, 119 -- 7.5. Conclusions, 120 -- References, 121 -- Appendix, 126 -- Notes, 134.

Esta colección de ensayos es una valiosa y oportuna contribución al campo de la macroeconomía del desarrollo. El texto explora aspectos cruciales de las políticas monetaria y comercial en países en vías de desarrollo, cuyas metas macroeconómicas son: evitar el desempleo, la inflación excesiva y las dificultades de balanza de pagos conducentes a crisis cambiarias.