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Neoclassical growth in an interdependent world

Kleinman, Benny; Liu, Ernest; Redding, Stephen; Yogo, … - 2023

Persistent link: https://www.econbiz.de/10014439930

Reserve accumulation, growth and financial crises

Benigno, Gianluca; Fornaro, Luca - 2012

Persistent link: https://www.econbiz.de/10009671476

Time variation in macro-financial linkages

Prieto, Esteban; Eickmeier, Sandra; Marcellino, Massimiliano - 2013

We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...

Persistent link: https://www.econbiz.de/10009739598

Trade and innovation

Melitz, Marc J.; Redding, Stephen - 2021

Persistent link: https://www.econbiz.de/10012581889

Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis

Chan-Lau, Jorge A.; Liu, Estelle X.; Schmittmann, … - 2013

This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....

Persistent link: https://www.econbiz.de/10010128764

Financial variables as predictors of real growth vulnerability

Reichlin, Lucrezia; Ricco, Giovanni; Hasenzagl, Thomas - 2020 - This version: 30th October 2019

We evaluate the role of financial conditions as predictors of macroeconomic risk first in the quantile regression framework of Adrian et al. (2019b), which allows for non-linearities, and then in a novel linear semi-structural model as proposed by Hasenzagl et al. (2018). We distinguish between...

Persistent link: https://www.econbiz.de/10012173525

International comovements, business cycle and inflation: a historical perspective

Mumtaz, Haroon; Simonelli, Saverio; Surico, Paolo - 2009

-run panel of real and nominal variables. First, the contribution of world comovements to domestic output growth has decreased …

Persistent link: https://www.econbiz.de/10003882168

Macroeconomic stability and the real interest rate : a cross-country analysis

Groth, Charlotta; Zampolli, Fabrizio - 2010

We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real … interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that … that a rise in conditional consumption growth volatility relative to the rest of the world reduces the foreign exchange …

Persistent link: https://www.econbiz.de/10008695840

Growth and the quality of foreign direct investment : is all FDI equal?

Alfaro, Laura (contributor); Charlton, Andrew (contributor) - 2007

Persistent link: https://www.econbiz.de/10003576515

Inflation and growth : new evidence from a dynamic panel threshold analysis

Kremer, Stephanie; Bick, Alexander; Nautz, Dieter - 2009

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...

Persistent link: https://www.econbiz.de/10003876000