Policy Research Working Paper, Issue 2012

Policy Research Working Paper, Issue 2012
Author: Donald F. Larson
Publisher: World Bank Publications
Total Pages: 62
Release: 1998
Genre: Industria manufacturera
ISBN:

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The Chicago Plan Revisited

The Chicago Plan Revisited
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
Total Pages: 71
Release: 2012-08-01
Genre: Business & Economics
ISBN: 1475505523

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At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Global Income Inequality

Global Income Inequality
Author: Branko Milanovi?
Publisher: World Bank Publications
Total Pages: 35
Release: 2006
Genre: Equality
ISBN:

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"The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and proposes a scheme for global redistribution. "--World Bank web site.

Belt and Road Economics

Belt and Road Economics
Author: World Bank
Publisher: World Bank Publications
Total Pages: 199
Release: 2019-08-16
Genre: Business & Economics
ISBN: 1464814651

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China proposed the Belt and Road Initiative in 2013 to improve connectivity and cooperation on a transcontinental scale. This study, by a team of World Bank Group economists led by Michele Ruta, analyzes the economics of the initiative. It assesses the connectivity gaps between economies along the initiative’s corridors, examines the costs and economic effects of the infrastructure improvements proposed under the initiative, and identifies complementary policy reforms and institutions that will support welfare maximization and mitigation of risks for participating economies.

Panama Poverty Assessment

Panama Poverty Assessment
Author:
Publisher: World Bank Publications
Total Pages: 420
Release: 2000-01-01
Genre: Social Science
ISBN: 9780821347157

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French edition. Human Development Network Series. As the new millennium approaches,... Education will determine who has the keys to the treasures the world can furnish. This is particularly important for the poor, who have to rely on their human capital as the main, if not the only, means of escaping poverty. In this way, new challenges and opportunities arise for education. Immense progress has been achieved in education in the last 50 years. However, immense challenges still remain. This report lays out the vision for education and the ambitious international goals to which the Bank subscribes. It notes the progress so far and the gaps that remain. It describes the rich group of partners associated with the educational endeavor and how the Bank's role has evolved. It conveys the Bank's global priorities and programs to help countries progress toward the international education goals and improve the quality of teaching and learning. It illustrates the processes and operating principles that will help Bank staff contribute more effectively to better educational outcomes in each client country and to monitor success in implementing this strategy. Also available in English (Stock no. 14560) and Spanish (Stock no. 14633).

Policy Research Working Papers

Policy Research Working Papers
Author: Tarhan N. Feyzioğlu
Publisher:
Total Pages: 42
Release: 1991
Genre: Economic assistance
ISBN:

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