WorldCat Identities

Choudhri, Ehsan U.

Overview
Works: 42 works in 112 publications in 1 language and 638 library holdings
Genres: History 
Roles: Honoree
Classifications: HG3821, 380
Publication Timeline
Key
Publications about  Ehsan U Choudhri Publications about Ehsan U Choudhri
Publications by  Ehsan U Choudhri Publications by Ehsan U Choudhri
Most widely held works by Ehsan U Choudhri
Trade liberalization, macroeconomic adjustment, and welfare unifying trade and macro models by Ehsan U Choudhri ( )
6 editions published in 2006 in English and held by 211 WorldCat member libraries worldwide
Trade liberalization leads to long-run gains, but it can also involve costly short-run macroeconomic adjustment. The paper explores the relative importance of these effects within a dynamic general equilibrium model that captures key elements of both international trade and macroeconomic models. The welfare effect of trade liberalization is decomposed into a steady-state efficiency gain and a transitional loss associated with wage-price stickiness. Our estimates show that the transitional loss is small relative to the steady-state gain, and tends to be lower under flexible as compared to fixed exchange rates. We also show that the loss can be reduced further by a flexible price-level targeting policy rule
Was expansionary monetary policy feasible during the great contraction? : an examination of the gold standard constraint by Michael D Bordo ( Book )
10 editions published in 1999 in English and held by 75 WorldCat member libraries worldwide
Abstract: The recent consensus view, that the gold standard was the leading cause of the worldwide Great Depression 1929-33, stems from two propositions: (1) Under the gold standard, deflationary shocks were transmitted between countries and, (2) for most countries, continued adherence to gold prevented monetary authorities from offsetting banking panics and blocked their recoveries. In this paper we contend that the second proposition applies only to small open economies with limited gold reserves. This was not the case for the US, the largest country in the world, holding massive gold reserves. The US was not constrained from using expansionary policy to offset banking panics, deflation, and declining economic activity. Simulations, based on a model of a large open economy, indicate that expansionary open market operations by the Federal Reserve at two critical junctures (October 1930 to February 1931; September 1931 through January 1932) would have been successful in averting the banking panics that occurred, without endangering convertibility. Indeed had expansionary open market purchases been conducted in 1930, the contraction would not have led to the international crises that followed
Could stable money have averted the Great Contraction? by Michael D Bordo ( Book )
10 editions published between 1993 and 1995 in English and held by 61 WorldCat member libraries worldwide
We test the hypothesis that the Great Contraction would have been attenuated had the Fed not allowed the money stock to decline. We do so by simulating a model that estimates separate relations for output and the price level and assumes that output and price dynamics are not especially sensitive to policy changes. The simulations include a strong and a weak form of Friedman's constant money growth rule. The results support the hypothesis that the Great Contraction would have been mitigated and shortened had the Fed followed a constant money growth rule
Money stock targeting, base drift and price-level predictability : lessons from the U.K. experience by Michael D Bordo ( Book )
6 editions published between 1989 and 1991 in English and held by 44 WorldCat member libraries worldwide
It is controversial whether money stock targeting without base drift (i.e. following a trend-stationary growth path) makes the price level more predictable in the presence of permanent shocks to money demand. Developing a procedure that does not run into the Lucas critique, and applying this procedure to the case of the U.K., the paper finds that the variance of the trend inflation rate in the U.K. would have been reduced by more than one half if the Bank of England had not allowed base drift
International trade and productivity growth : exploring the sectoral effects for developing countries by Ehsan U Choudhri ( Book )
8 editions published in 2000 in English and held by 26 WorldCat member libraries worldwide
Developing countries do not in general perform research and development, and rely largely on technological knowledge produced in industrial countries. Their productivity growth thus depends, to a large extent, on the rate at which they can acquire technology developed by industrial countries. A popular view is that international trade represents an important conduit for the transfer of technology and trade liberalization would thus enable developing countries to achieve faster productivity growth. A number of recent studies have found a positive link between international trade and productivity growth in developing countries.1 Coe, Helpman and Hoffmaister (1997), for example, provide evidence that increased trade with industrial countries boosts productivity growth of developing countries via R D spillovers.2
Exchange rate pass-through to domestic prices : does the inflationary environment matter? by Ehsan U Choudhri ( Book )
5 editions published in 2001 in English and held by 26 WorldCat member libraries worldwide
The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through relation based on new open economy macroeconomic models. A large database that includes 1979-2000 data for 71 countries is used to estimate this relation. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross-regime differences in the pass-through
Real exchange rates in developing countries : Are Balassa-Samuelson effects present? by Ehsan U Choudhri ( Book )
7 editions published in 2004 in English and held by 24 WorldCat member libraries worldwide
There is little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new evidence on this issue based on a panel data sample of 16 developing countries. The paper finds that the traded-nontraded productivity differential is a significant determinant of the relative price of nontraded goods, and the relative price in turn exerts a significant effect on the real exchange rate. The terms of trade also influence the real exchange rate. These results provide strong verification of Balassa-Samuelson effects for developing countries
Money growth variability and money supply interdependence under interest rate control some evidence for Canada by Michael D Bordo ( Book )
4 editions published in 1984 in English and held by 22 WorldCat member libraries worldwide
The exchange rate pass-through to import and export prices the role of nominal rigidities and currency choice by Ehsan U Choudhri ( )
4 editions published in 2012 in English and held by 22 WorldCat member libraries worldwide
Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to export prices. Previous studies have reported similar results, which give rise to the puzzle that while local currency pricing is needed to account for incomplete import price pass-through, it would not imply a lower export price pass-through. Recent explanations of this puzzle have emphasized markup adjustment in response to exchange rate changes. This paper suggests an alternative explanation bas
International trade in manufactured products : a Ricardo-Heckscher-Ohlin explanation with monopolistic competition by Ehsan U Choudhri ( Book )
5 editions published in 2001 in English and held by 22 WorldCat member libraries worldwide
A large data set on trade in manufactured products is used to evaluate the performance of a model that combines both the Ricardian and Heckscher-Ohlin effects and incorporates monolistic competition. The paper estimates a relation implied by the model to explain relative sectoral exports of major countries to a number of important markets, using 1970-90 data for nine manufacturing sectors. The relation fits the data well and variables suggested by both traditional and new trade models play an important role in explaining realtive exports
The real exchange rate in the long run : Balassa-Samuelson effects reconsidered by Michael D Bordo ( )
3 editions published in 2014 in English and held by 7 WorldCat member libraries worldwide
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample period. Although the traditional Balassa-Samuelson model is not consistent with these results, we suggest an explanation of the results in terms of contemporary variants of the model that incorporate the terms of trade mechanism. Specifically we argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We undertake simulations of the modern versions of the Balassa-Samuelson model to show that plausible parameter shifts consistent with the behavior of trade costs can explain the cross-regime variation of the productivity effect
Money Growth Variability and Money Supply Interdependence Under InterestRate Control Some Evidence For Canada ( )
2 editions published in 1987 in English and held by 6 WorldCat member libraries worldwide
Canada, like many countries, has recently experienced difficulties in achieving money growth stability and money supply independence. Based on the buffer-stock view of money-holding as well as the credit market approach to the money supply, this paper suggests that the problems have arisen from the Bank of Canada suse of an interestrate control mechanism. The paper argues that: (1) The short-run behavior of Canadian money grow this influenced by demand shifts in the Canadian credit market.(2)Movements in U.S. interest rates relative to the controlled Canadian interest rates are a key source of these shifts. The paper presents evidence on Canadian money supply and demand functions consistent with the foregoing explanation
New Products and the factor content of international trade by Richard A Brecher ( Book )
2 editions published between 1982 and 1983 in English and held by 6 WorldCat member libraries worldwide
The Direction of trade in individual manufactured products: an analysis of the influence of factor proportions, economies of scale and product innovations by Ehsan U Choudhri ( Book )
2 editions published in 1974 in English and held by 6 WorldCat member libraries worldwide
The factor content of international trade without factor-price equalization by Richard A Brecher ( Book )
1 edition published in 1981 in English and held by 5 WorldCat member libraries worldwide
Productivity performance and international competitiveness : a new test of an old theory by Ehsan U Choudhri ( )
2 editions published in 1999 in English and held by 5 WorldCat member libraries worldwide
Liberalizing multinational investment : the Stolper-Samuelson question revisited by Richard A Brecher ( Book )
3 editions published between 1994 and 1996 in English and held by 5 WorldCat member libraries worldwide
Trade liberalization and sectoral productivity growth : some evidence for Canada and the United States by Richard A Brecher ( Book )
2 editions published in 1995 in English and held by 5 WorldCat member libraries worldwide
Capital controls : rationale and implications : for Canadian trade and investment policy by Ehsan U Choudhri ( Book )
1 edition published in 1996 in English and held by 5 WorldCat member libraries worldwide
Currency substitution, flexible exchange rates and monetary independence : a re-examination of the Canadian evidence by Michael D Bordo ( Book )
2 editions published in 1979 in English and held by 4 WorldCat member libraries worldwide
 
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Audience level: 0.76 (from 0.47 for Trade libe ... to 0.97 for Money grow ...)
Associated Subjects
Canada Capital movements Commerce--Econometric models Commerce--Mathematical models Comparative advantage (International trade)--Econometric models Competition Competition, International Competition--Econometric models Currency question--Mathematical models Demand for money--Mathematical models Depressions Depressions--Econometric models Developing countries Economic development Economic history Economic policy--Econometric models Economic policy--Mathematical models Exports--Econometric models Foreign exchange--Mathematical models Foreign exchange rates--Econometric models Free trade--Econometric models Free trade--Mathematical models Gold standard Gold standard--Econometric models Great Britain Imports--Econometric models Industrial productivity Industrial productivity--Econometric models Inflation (Finance) Inflation (Finance)--Econometric models Interest rates--Mathematical models International trade--Econometric models Investments, Foreign--Government policy Investments, Foreign--Taxation--Mathematical models Labor productivity--Econometric models Manufactures--Econometric models Manufacturing industries Manufacturing industries--Econometric models Monetary policy Monetary policy--Econometric models Money--Mathematical models Money supply Money supply--Econometric models Money supply--Mathematical models New products--Mathematical models Prices--Mathematical models Pricing--Econometric models Structural adjustment (Economic policy)--Econometric models United States Wages--Mathematical models
Languages
English (85)