Showing 1 - 10 of 77
This paper uses new statistical techniques and two new databases to reassess the relationship between economic growth …, independent influence on growth …
Persistent link: https://www.econbiz.de/10014115118
Persistent link: https://www.econbiz.de/10010411719
We estimate a New-Keynesian macro model accommodating regime-switching behavior in monetary policy and in macro shocks. Key to our estimation strategy is the use of survey-based expectations for inflation and output. We identify accommodating monetary policy before 1980, with activist monetary...
Persistent link: https://www.econbiz.de/10013124545
We estimate a New-Keynesian macro model accommodating regime-switching behavior in monetary policy and in macro shocks. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation shocks shift to the low volatility regime around 1985 and...
Persistent link: https://www.econbiz.de/10013037980
We estimate a New-Keynesian macro model accommodating regime-switching behavior in monetary policy and in macro shocks. Key to our estimation strategy is the use of survey-based expectations for inflation and output. We identify accommodating monetary policy before 1980, with activist monetary...
Persistent link: https://www.econbiz.de/10012461567
We estimate a New-Keynesian macro model accommodating regime-switching behavior in monetary policy and in macro shocks. Key to our estimation strategy is the use of survey - based expectations for inflation and output. We identify accommodating monetary policy before 1980, with activist monetary...
Persistent link: https://www.econbiz.de/10014178114
development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation-improvements in the …Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …
Persistent link: https://www.econbiz.de/10012612328
Persistent link: https://www.econbiz.de/10003818941
Persistent link: https://www.econbiz.de/10011499545
This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...
Persistent link: https://www.econbiz.de/10013083757