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This paper documents some previously neglected features of sectoral shares at business cycle frequencies in OECD economies. In particular, we find that the nontraded sector share of output is as volatile as aggregate GDP, and that for most countries, the nontraded sector is distinctly...
Persistent link: https://www.econbiz.de/10012461368
This paper documents some previously neglected features of sectoral shares at business cycle frequencies in OECD economies. In particular, we find that the nontraded sector share of output is as volatile as aggregate GDP, and that for most countries, the nontraded sector is distinctly...
Persistent link: https://www.econbiz.de/10013121594
WGI indicators and economic growth (GDP) using estimates related to Pakistan, provided by World Bank. Moreover …
Persistent link: https://www.econbiz.de/10011926262
Persistent link: https://www.econbiz.de/10010520468
reduction in growth volatility, of more than 50%, in the agricultural sector, and a gradual stabilization in services. On the … volatility is due to within-sector changes in volatility, structural change explains less than 5%. Correlates of African … remittances, and improved terms of trade (ToT), as well as lower volatility of ToT and financial flows. These developments were …
Persistent link: https://www.econbiz.de/10013336273
Persistent link: https://www.econbiz.de/10015405387
We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...
Persistent link: https://www.econbiz.de/10014356604
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10012472403
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10013220938
We provide closed-form solutions for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. In particular, we show that a sufficient statistic for dynamics of sectoral prices is the principal square root of the Leontief matrix that is...
Persistent link: https://www.econbiz.de/10013295481