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Persistent link: https://www.econbiz.de/10002116938
This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...
Persistent link: https://www.econbiz.de/10013126360
Persistent link: https://www.econbiz.de/10013262785
This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...
Persistent link: https://www.econbiz.de/10010327109
The global economy is currently expanding at a moderate pace, albeit with considerable differences in momentum across … countries. The economy in the United States is still growing at robust rates, whereas the euro area is in a phase of stagnation … inflation rates are not expected to fall sustainably close to the target levels again until 2025. Risks for the global economy …
Persistent link: https://www.econbiz.de/10014506984
Persistent link: https://www.econbiz.de/10011696571
Persistent link: https://www.econbiz.de/10003645929
A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is almost non-existent. This paper offers a framework in...
Persistent link: https://www.econbiz.de/10003775716
effect is large enough, devaluations can be contractionary. Using a large panel of 57 countries across the world and various …
Persistent link: https://www.econbiz.de/10003775738
extent the context within which firms operate. -- Firms ; Institutions ; Law compliance ; Country differences ; Globalization …
Persistent link: https://www.econbiz.de/10003775740