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Isard, Peter

Works: 87 works in 477 publications in 3 languages and 7,586 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other
Classifications: HG3851, 332.456
Publication Timeline
Publications about Peter Isard
Publications by Peter Isard
Most widely held works by Peter Isard
Exchange rate economics by Peter Isard( Book )
24 editions published between 1989 and 2004 in 3 languages and held by 530 libraries worldwide
The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists
Exchange-rate determination : a survey of popular views and recent models by Peter Isard( Book )
21 editions published between 1978 and 1996 in English and Undetermined and held by 436 libraries worldwide
Currency convertibility and the transformation of centrally planned economies by Joshua E Greene( Book )
13 editions published between 1991 and 1992 in English and Chinese and held by 407 libraries worldwide
This paper addresses the main issues relating to currency convertibility, with special regard to the problems of establishing convertibility in countries undergoing the transformation to market-oriented economies
The SDR system and the issue of resource transfers by Warren L Coats( Book )
13 editions published in 1990 in English and Undetermined and held by 391 libraries worldwide
Methodology for current account and exchange rate assessments by Peter Isard( Book )
15 editions published between 2001 and 2002 in English and Undetermined and held by 353 libraries worldwide
Exchange rate assessment : extensions of the macroeconomic balance approach by Peter Isard( Book )
14 editions published between 1998 and 1999 in English and Undetermined and held by 258 libraries worldwide
The IMF's internal analysis of exchange rate issues has been guided by, and limited by, the conceptual and empirical frameworks that have emerged from the collective research of the economics profession. The research has provided several general approaches that are useful for assessing whether countries exchange rates seem broadly appropriate. One involves the calculation of purchasing power-party (PPP) measure or international competitiveness indicators. A second, known as the macroeconomic balance framework, focuses on the extent to which prevailing exchange rates and policies are consistent with simultaneous internal and external equilibrium over the medium run. Some recent extensions of the macroeconomic balance approach and the manner in which it is applied by the IMF staff are described in this paper
International finance and financial crises : essays in honor of Robert P. Flood, Jr. by Peter Isard( Book )
20 editions published between 1999 and 2000 in English and Undetermined and held by 233 libraries worldwide
International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr. contains the proceedings of a conference held in honor of Robert P. Flood, Jr. Bob Flood has made important contributions to many areas of economic analysis, including regime switching, speculative attacks, bubbles, stock market volatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. Contributors were invited to address any of the topics or others of their choosing. The results include five papers on topics in international finance; two of these papers, as well as the panel discussion, focus on speculative attacks and financial crises. The other three take new directions in exploring topics in which existing models leave much to be desired
The future of the SDR in light of changes in the international financial system by Michael Mussa( Book )
14 editions published between 1995 and 1996 in English and Undetermined and held by 153 libraries worldwide
The papers included in this volume were prepared for the seminar and served as the basis for the authors' presentations. In addition, we have included the remarks made by discussants, along with summaries of the general discussion. Chapter 1 comprises the luncheon address by the Managing Director of the IMF and remarks made by former US Treasury Secretary Henry H. Fowler. Chapter 2 describes the background to the seminar and provides an overview of the main issues and proposals that were discussed by participants. The remaining chapters correspond -- in chronological order -- to the seminar sessions
The macroeconomic management of foreign aid : opportunities and pitfalls by Boriana Yontcheva( Book )
7 editions published in 2006 in English and Undetermined and held by 148 libraries worldwide
Since the adoption of the Milennium Development Goals (MDGs) in 2000, the challenge of reducing poverty around the world has been more prominent on the agenda of the international community. Relatively slow progress toward meeting the MDGs by the 2015 target date has added to the urgency of this effort. Two influential reports - The United Nations Millennium Project Report (the "Sachs Report") and the Commission for Africa Report (the "Blair Report") envisage substantial increases in aid flows to poor countries, especially to countries in sub-Saharan Africa. The International community sees increases in aid, along with improvements in recipient policies and freer global trade, as necessary for global prosperity and poverty reduction
Country risk, international lending, and exchange rate determination by Michael P Dooley( Book )
6 editions published in 1983 in English and held by 102 libraries worldwide
What's wrong with empirical exchange rate models : some critical issues and new directions by Peter Isard( Book )
7 editions published in 1983 in English and held by 98 libraries worldwide
The role of the current account in exchange rate determination : a comment on Rodriguez by Michael P Dooley( Book )
5 editions published in 1981 in English and held by 76 libraries worldwide
An accounting framework and some issues for modelling how exchange rates respond to the news by Peter Isard( Book )
6 editions published between 1982 and 1983 in English and held by 68 libraries worldwide
Exchange rates, country preferences, and gold by Michael P Dooley( Book )
16 editions published in 1992 in English and held by 67 libraries worldwide
This paper provides indirect tests of the hypothesis that exchange rate movements may be largely conterminus with changes in preferences for holding claims on different countries. It is argued that changes in country preferences will be reflected systematically in the price of gold and, hence, that gold price movements, under the maintained hypothesis, should have explanatory power with respect to exchange rate movements over and above the effects of monetary shocks. The paper applies multivariate vector autoregression and cointegration modeling techniques to test for the short- and long-run influence of gold prices on exchange rates conditional on other monetary and real macroeconomic variables, and applies the resulting error correction exchange rate equation to out-of-sample forecasting exercises
Economic growth and real exchange rate : an overview of the Balassa-Samuelson hypothesis in Asia by Takatoshi Itō( Book )
12 editions published in 1997 in English and held by 67 libraries worldwide
Abstract: The paper tests the Balassa-Samuelson hypothesis (rapid economic growth is accompanied by real exchange rate appreciation because of differential productivity growth between tradable and nontradable sectors) using data of the APEC economies. Japan, Korea, Taiwan and, to a lesser extent, Hong Kong and Singapore, were proved to follow the Balassa-Samuelson path. These countries follow a similar industrialization pattern, increasing the weight of high value-added exports. Although Hong Kong and Singapore grew fast, their real exchange rates appreciated only moderately. High productivity growth in service sectors might have been the reason for this. Other fast-growing ASEAN countries, such as Thailand, Indonesia and Malaysia did not experience real appreciation. Closer examinations of various components of the Balassa-Samuelson hypothesis revealed that key assumptions are not uniformly supported: There is no uniform pattern for the movement of nontradable prices relative to tradable prices; and tradable prices (measured by common currency) do not show the international arbitrage
Resource allocation during the transition to a market economy : policy implications of supply bottlenecks and adjustment costs by Joshua Aizenman( Book )
18 editions published in 1993 in English and held by 64 libraries worldwide
The paper discusses the case against a laissez faire approach to resource allocation and develops a model of supply bottlenecks. It argues that: (1) once budget constraints are hardened and credit markets begin to function appropriately, externalities associated with production bottlenecks and adjustment costs--other considerations aside--provide a case for subsidizing the costs of critical inputs for the state sector but not the new private sector; (2) the optimal subsidy declines as the private sector grows; and (3) the subsidy should be "financed" by taxing wage income in the state sector, which will strengthen incentives for workers to move
Can public discussion enhance program ownership? by Allan Drazen( Book )
18 editions published in 2004 in English and Undetermined and held by 52 libraries worldwide
We use the concepts of deliberative democracy from political science and cheap talk from economics to develop a better understanding of how public discussion can contribute to building and demonstrating ownership of IMF programs and hence to program success. We argue that ownership is more complex than many discussions of it would suggest, since it must include not only the willingness to carry out a program, but also the technical capacity and especially the political ability to do so. Public discussion can serve a number of purposes, each of which can be better understood by moving to a more formal treatment. We illustrate our points by means of simple examples. We also consider some of the drawbacks of public discussion, especially as applied to IMF programs
Monetary policy strategies by Robert P Flood( Book )
13 editions published in 1988 in English and Undetermined and held by 40 libraries worldwide
The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal algorithmic learning has been accomplished, and when time consistency problems are significant, a mixed strategy that combines a simple verifiable rule with discretion is attractive. The paper also discusses mechanisms for mitigating credibility problems and emphasizes that arguments against various types of simple rules lost their force under a mixed strategy
Externalities, incentives, and economic reforms by Joshua Aizenman( Book )
9 editions published in 1990 in English and held by 38 libraries worldwide
Abstract: strengthen incentives to provide effort. Uncertainty regarding future taxes
Uncovered interest parity by Peter Isard( Book )
14 editions published between 1991 and 2006 in English and Undetermined and held by 27 libraries worldwide
This note provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod and continuous time models of open economies, and although its validity is strongly challenged by the empirical evidence, its retention in macroeconomic models is supported on pragmatic grounds, at least for the time being, by the lack of much empirical support for existing models of exchange risk premium
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Alternative Names
アイザルド, ピーター
English (245)
Chinese (2)
Japanese (2)
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