Leiderman, Leonardo 1951-
Most widely held works by Leonardo Leiderman
Political economy, growth, and business cycles by Alex Cukierman ( Book )
5 editions published in 1992 in English and held by 391 WorldCat member libraries worldwide
What political and economic factors stimulate growth and make an economy expand? These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth
Capital mobility : the impact on consumption, investment, and growth by Leonardo Leiderman ( Book )
6 editions published between 1994 and 2010 in English and held by 307 WorldCat member libraries worldwide
This volume, drawn from the proceedings of a CEPR conference with the Bank of Israel and the Pinhas Sapir Center for Development, Tel Aviv University, examines the implications of this increased international capital mobility for both industrialised and developing countries. The contributors look at the effect of recent developments on economic fluctuations, and on fiscal and monetary policies under alternative exchange rate regimes
Inflation and disinflation : the Israeli experiment by Leonardo Leiderman ( Book )
4 editions published in 1993 in English and held by 289 WorldCat member libraries worldwide
Inflation targets by Workshop on Inflation Targets ( Book )
4 editions published in 1995 in English and held by 260 WorldCat member libraries worldwide
Inflation targeting in dollarized economies by Leonardo Leiderman ( )
10 editions published in 2006 in English and held by 180 WorldCat member libraries worldwide
The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a narrow base of domestic nominal financial assets, the lack of market instruments to hedge exchange rate risks, together with fear of floating and dollarization, have been stressed as factors that might weaken the efficacy of monetary policy. By examining various aspects of monetary transmission and policy formulation in two highly dollarized economies (Peru and Bolivia) vis-à-vis two economies with low levels of dollarization (Chile and Colombia), we found that, while dollarization imposes differences in both the transmission capacity of monetary policy and its impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime
The capital inflows problem : concepts and issues by Guillermo A Calvo ( Book )
4 editions published between 1993 and 1994 in English and held by 68 WorldCat member libraries worldwide
Real wages, monetary accommodation, and inflation by Elhanan Helpman ( Book )
7 editions published between 1988 and 1990 in English and held by 58 WorldCat member libraries worldwide
Abstract: workers and firms. The model is capable of generating a
Determinants of external imbalances : the role of taxes, government spending, and productivity by Leonardo Leiderman ( Book )
4 editions published between 1991 and 1992 in English and held by 50 WorldCat member libraries worldwide
This paper develops and estimates a dynamic optimizing model of the current account. The model focuses, on real factors that determine the evolution of saving and investment, and hence the external balance. Three types of shocks are at the center of the analysis: productivity shocks, shocks to labor input, and tax policy shocks. While our approach is in line with the real business cycle models of the current account, the distinguishing feature of the work is the application of econometric methods to time series data for a small open economy so as to directly estimate the parameters governing saving and investment under rational expectations restrictions
Testing Ricardian neutrality with an intertemporal stochastic model by Leonardo Leiderman ( Book )
5 editions published between 1987 and 1989 in English and held by 46 WorldCat member libraries worldwide
The purpose of this paper is to develop and estimate a stochastic-intertemporal model of consumption behavior and to use it for testing a version of the Ricardian-equivalence proposition with time series data. Two channels that may give rise to deviations from this proposition are specified: Finite horizons and liquidity constraints. In addition, the model incorporates explicitly the roles of taxes, substitution between public, and private consumption, and different degrees of consumer goods' durability. The evidence, based on data for Israel in the first half of the 1980s, supports the Ricardian neutrality specification, yielding plausible estimates for the behavioral parameters of the aggregate consumption function
Interest Rates, Money Supply Announcements, and Monetary Base Announcements by John Huizinga ( )
6 editions published in 1985 in English and held by 39 WorldCat member libraries worldwide
This paper presents a new set of empirical regularities on the link between interest rates, money supply announcements and monetary base announcements. Among the main findings reported are: (i) unexpected increases in the announced monetary base have a significantly positive effect on interest rates during the period from October 1979 to October 1982; (ii) although unexpected money supply and monetary base announcements have the same impact on interest rates, they have different implications for the future behavior of the money supply and monetary base; (iii) the significant response of longer-term interest rates to unexpected monetary announcements is reflecting a response of current and expected future short-term rates -- i.e.term-structure premia are not altered by these announcements
Financial reform in Israel : a case of gradualism by Leonardo Leiderman ( Book )
4 editions published in 1994 in English and held by 26 WorldCat member libraries worldwide
A boy and his dog by Stanley Pashko ( Book )
1 edition published in 1950 in English and held by 25 WorldCat member libraries worldwide
High real interest rates in the aftermath of disinflation : is it a lack of credibility? by Graciela L Kaminsky ( Book )
5 editions published in 1996 in English and held by 21 WorldCat member libraries worldwide
Propogation [sic] of shocks in a high-inflation economy : Israel, 1980-85 by Leonardo Leiderman ( )
3 editions published between 1986 and 1989 in English and held by 21 WorldCat member libraries worldwide
The purpose of this paper is to provide empirical answers to questions related to the propagation of shocks in a high-inflation economy. Do one-time inflationary shocks give rise to long-term persistence, or inertia? Do balance of payments' shocks trigger a process that, through indexation and monetary accommodation, results in long-term changes in inflation? Within the context of a specific hypothesis, influential both in policy discussions and in economic analyses, the paper addresses these issues using Israeli data and vector-autoregression techniques. The evidence does not support the hypothesis that one-time nominal shocks have a persistent effect on the inflation rate, or the hypothesis that long-term changes in inflation are triggered by autonomous fluctuations in the trade balance
Consumption and Government-Budget Finance in a High-Deficit Economy by Leonardo Leiderman ( )
1 edition published in 1986 in English and held by 20 WorldCat member libraries worldwide
This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops and estimates an intertemporal optimizing model of consumption choice by finite-lived individuals. The evidence supports this formulation against the Ricardian infinite-horizon case, but it does not support it when compared to the unrestricted relations in the data
Israel's exchange rate band by Elhanan Helpman ( Book )
2 editions published in 1992 in English and held by 19 WorldCat member libraries worldwide
Choosing the width of exchange rate bands : credibility vs. flexibility by Alex Cukierman ( Book )
3 editions published between 1993 and 1994 in English and held by 17 WorldCat member libraries worldwide
The purpose of this paper is to provide a framework for the analysis of policy-makers' choices regarding unilateral exchange rate bands. Exchange rate bands are viewed as the outcome of an optimization problem by a policy-maker whose objective function weighs the level of the real exchange rate against the level and variability of the real exchange rate. The analysis endogenizes policy decisions about realignments and about the width of the band. Conditions are developed for the case in which optimal band width widens in response to a decrease in policy-makers' commitment reputation, an increase in the cost of reneging on the existing band, and an increase in the variance of fundamental shocks
Determinants of external imbalances : the role of productivity, employment, and taxes by Leonardo Leiderman ( Book )
2 editions published between 1989 and 1990 in English and held by 17 WorldCat member libraries worldwide
Capital inflows to Latin America : the 1970s and the 1990s by Guillermo A Calvo ( Book )
2 editions published in 1992 in English and held by 17 WorldCat member libraries worldwide
High real interest rates in the aftermath of disinflation : actual or expected? by Graciela L Kaminsky ( Book )
1 edition published in 1993 in English and held by 15 WorldCat member libraries worldwide
Laiderman, Leʾo, 1951-
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