WorldCat Identities

Goldfajn, Ilan

Overview
Works: 62 works in 205 publications in 3 languages and 2,368 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Redactor, Originator, Honoree
Classifications: HG835, 339.50981090511
Publication Timeline
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Most widely held works by Ilan Goldfajn
Inflation targeting, debt, and the Brazilian experience, 1999 to 2003 by Francesco Giavazzi( )

10 editions published in 2005 in English and held by 1,476 WorldCat member libraries worldwide

"Inflation targeting - when central bank policies set specific inflation rate objectives - is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank). This collection of original essays looks at how Brazil's policy of inflation targeting, coupled with a floating exchange rate, survived a series of severe economic shocks and examines the policy lessons that can be drawn from Brazil's experience."--Jacket
The aftermath of appreciations by Ilan Goldfajn( Book )

12 editions published in 1996 in English and held by 111 WorldCat member libraries worldwide

This paper empirically analyzes a broad range of real exchange rate appreciation episodes. The cases are identified after compiling a large sample of monthly multilateral real exchange rates from 1960 to 1994. The objective is twofold. First, the paper studies the dynamics of appreciations, avoiding the sample selection of analyzing exclusively the crisis (or devaluation) cases. Second, the paper analyzes the mechanism by which overvaluations are corrected. In particular, we are interested in the proportion of the reversions that occur through nominal devaluations, rather than cumulative inflation differentials. We calculate the probability of undoing appreciations without nominal depreciations for various degrees of misalignment. The overall conclusion is that it is very unlikely to undo large and medium appreciations without nominal devaluations
Inflation targeting in emerging market economies by Arminio Fraga( Book )

12 editions published in 2003 in English and held by 87 WorldCat member libraries worldwide

This paper assesses inflation targeting in emerging market economies (EMEs), and develops applied prescriptions for the conduct of monetary policy and inflation-targeting design in EMEs. We verify that EMEs have faced more acute trade-offs higher output and inflation volatility and worse performance than developed economies. These results stem from more pronounced external shocks, lower credibility, and lower level of development of institutions in these countries. In order to improve their performance, we recommend high levels of transparency and communication with the public and the development of more stable institutions. At an operational level, we propose a procedure that a central bank under inflation targeting can apply and communicate when facing strong supply shocks, and suggest a monitoring structure for an inflation-targeting regime under an IMF program
Capital flows and controls in Brazil : what have we learned? by Ilan Goldfajn( )

10 editions published in 2005 in English and held by 86 WorldCat member libraries worldwide

This paper analyzes the relationship between capital account liberalization and macroeconomic volatility using Brazil as a case study. The paper provides several stylized facts regarding the evolution of capital flows and controls in Brazil in the last three decades. We conclude that, notwithstanding the financial crises and macroeconomic volatility of the recent past, capital account liberalization and the floating exchange regime have led to a more resilient economy. Further liberalization of the capital account is warranted and should be accompanied by a broad range of reforms to improve and foster stronger institutions
Can flexible exchange rates still work in financially open economies? by Ilan Goldfajn( Book )

12 editions published between 2000 and 2001 in English and held by 75 WorldCat member libraries worldwide

Are currency crises predictable? by Ilan Goldfajn( )

11 editions published in 1997 in English and Undetermined and held by 57 WorldCat member libraries worldwide

This paper studies whether exchange rate expectations and overvaluations are predictors of currency crises. The results suggest that overvaluation has predictive power in explaining crises. However, although expected depreciation obtained from survey data partially takes different measures of exchange rate misalignment into consideration, expectations fail to anticipate currency crises
Public debt indexation and denomination : the case of Brazil by Ilan Goldfajn( )

11 editions published in 1998 in English and held by 56 WorldCat member libraries worldwide

Since the Real plan of 1994, the Brazilian economy has been in the process of reducing its degree of indexation. For more than three decades, Brazilian wages, rents, financial securities and other contracts were indexed to the price level. At times the frequency of adjustment reached monthly intervals and even daily, as in the case of some financial securities
Financial market contagion in the Asian crisis by Taimur Baig( )

9 editions published between 1998 and 1999 in English and held by 53 WorldCat member libraries worldwide

Annotation
Does monetary policy stabilize the exchange rate following a currency crisis? by Ilan Goldfajn( )

10 editions published in 1999 in English and held by 53 WorldCat member libraries worldwide

"Tight money in a given financial crisis can serve either to attract funds or to repel them, depending on the expectations that a rise in interest rates generates. With inelastic expectations, no fear of crisis or of currency depreciation, an increase in the discount rate attracts funds from abroad, and helps provide the cash needed to ensure liquidity; with elastic expectations of change - of falling prices, bankruptcies, or exchange depreciation - raising the discount rate may suggest to foreigners the need to take more funds out rather than in
Capital flows to Brazil : the endogeneity of capital controls by Eliana A Cardoso( )

8 editions published in 1997 in English and held by 51 WorldCat member libraries worldwide

Brazil, as many other developing countries, has experienced a surge in capital inflows in the 1990s. Initially praised for eliminating a decade of restricted borrowing, the new flows soon raised traditional questions. Are the capital inflows temporary? How should authorities respond to the macroeconomic effects of large capital inflows, such as real appreciation and monetary or debt expansion? Should capital controls be introduced to change the volume and composition of capital flows?
Capital flows and the twin crises : the role of liquidity by Ilan Goldfajn( )

8 editions published in 1997 in English and held by 51 WorldCat member libraries worldwide

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Monetary policy in the aftermath of currency crises : the case of Asia by Ilan Goldfajn( )

11 editions published between 1998 and 1999 in English and held by 45 WorldCat member libraries worldwide

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The Russian default and the contagion to Brazil by Taimur Baig( )

9 editions published in 2000 in English and held by 45 WorldCat member libraries worldwide

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Como reagir à crise? : políticas econômicas para o Brasil( Book )

3 editions published in 2009 in Portuguese and held by 30 WorldCat member libraries worldwide

Estado da economia mundial : desafios e respostas : seminário em homenagem a Pedro S. Malan by Edmar Lisboa Bacha( Book )

1 edition published in 2015 in Portuguese and held by 12 WorldCat member libraries worldwide

Balance of payment crises and capital flows : the role of liquidity by Ilan Goldfajn( Book )

3 editions published in 1997 in English and held by 9 WorldCat member libraries worldwide

The aftermath of appreciations by Ilan Goldfajn( Book )

4 editions published in 1997 in English and held by 6 WorldCat member libraries worldwide

Overshootings and reversals : the role of monetary policy by Ilan Goldfajn( )

3 editions published in 2001 in English and held by 5 WorldCat member libraries worldwide

The pass-through from depreciation to inflation : a panel study by Ilan Goldfajn( Book )

4 editions published in 2000 in English and Spanish and held by 5 WorldCat member libraries worldwide

Is adopting full dollarization the solution? : looking at the evidence by Ilan Goldfajn( Book )

3 editions published in 2000 in English and Spanish and held by 3 WorldCat member libraries worldwide

 
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Audience level: 0.29 (from 0.04 for Inflation ... to 0.86 for The afterm ...)

Inflation targeting, debt, and the Brazilian experience, 1999 to 2003
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Alternative Names
Goldjan, Ilan

Ilan Goldfajn Brazilian-Israeli economist

Ilan Goldfajn israelisch-brasilianischer Wirtschaftswissenschaftler

Ilan Goldfajn personnalité politique brésilienne

Илан Голдфайн бразилски икономист

Languages