Browsing Harvard Kennedy School by Author "Velasco, Andrés"
Now showing items 1-3 of 3
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Growth and Competitiveness in Kazakhstan: Issues and Priorities in the Areas of Macroeconomic, Industrial, Trade and Institutional Development Policies
Hausmann, Ricardo; Deep, Akash; Di Tella, Rafael; Frankel, Jeffrey; Lawrence, Robert; Rodrik, Dani; Velasco, Andrés (Center for International Development at Harvard University, 2011) -
Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria
Chang, Roberto; Velasco, Andrés (Center for International Development at Harvard University, 2004-09)Exchange rate policies depend on portfolio choices, and portfolio choices depend on anticipated exchange rate policies. This opens the door to multiple equilibria in policy regimes. We construct a model in which agents ... -
Tough Policies, Incredible Policies?
Neut, Alejandro; Velasco, Andrés (Center for International Development at Harvard University, 2004-09)We revisit the question of what determines the credibility of macroeconomic policies here, of promises to repay public debt. The literature has focused on governments. strategic decision to default (or erode the value of ...