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Community of West African States (ECOWAS) countries for the years 1985 to 2017. The study employed the Augmented Mean Group … positive but insignificant impact on domestic investment in ECOWAS while banking intermediation efficiency (i.e. ability of the …) cross country differences exist on the impact of financial sector development on domestic investment in the selected ECOWAS …
Persistent link: https://www.econbiz.de/10012389199
Community of West African States (ECOWAS) countries for the years 1985 to 2017. The study employed the Augmented Mean Group … positive but insignificant impact on domestic investment in ECOWAS while banking intermediation efficiency (i.e. ability of the …) cross country differences exist on the impact of financial sector development on domestic investment in the selected ECOWAS …
Persistent link: https://www.econbiz.de/10012242074
Economic Community of West African States (ECOWAS) for the years 1985-2017. The study employed the augmented mean group … credit to the private sector has a positive but insignificant impact on domestic investment in ECOWAS, whereas banking … domestic investment in the selected ECOWAS countries; and (4) Domestic credit to the private sector Granger causes domestic …
Persistent link: https://www.econbiz.de/10012268940
Community of West African States (ECOWAS) countries for the years 1985 to 2017. The study employed the Augmented Mean Group … positive but insignificant impact on domestic investment in ECOWAS while banking inter-mediation efficiency (i.e. ability of … selected ECOWAS countries, and (4) domestic credit to the private sector Granger causes domestic investment in ECOWAS. The …
Persistent link: https://www.econbiz.de/10012828690
A central economic idea is that an asset's risk premium is determined by its ability to insure against fluctuations in consumption (i.e., by the consumption beta). Cross-sectional differences in consumption betas mirror differences in the exposure of the asset's dividends to aggregate...
Persistent link: https://www.econbiz.de/10012713634
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide...
Persistent link: https://www.econbiz.de/10012142159
In 2019, President Trump called on the U.S. Federal Reserve to cut interest rates to depreciate the U.S. dollar, which, according to the IMF, is overvalued by between 6 and 12 percent. This paper uses an intertemporal general equilibrium model to explore what would likely happen if the...
Persistent link: https://www.econbiz.de/10012840710
Productivity growth has flat-lined in most economies despite rapid advances in technology. Economists suggest competing explanations for this paradox. Some argue the current stagnation will persist given deep structural challenges, arguing that recent technological advances are no match for...
Persistent link: https://www.econbiz.de/10012890306
The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences—in particular, the EA slump has been markedly more...
Persistent link: https://www.econbiz.de/10012969881
This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is estimated on euro area data. As a prelude to the country models, this version is meant to enhance the understanding of the main model mechanisms, enlarge the suite of area wide...
Persistent link: https://www.econbiz.de/10013315342