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Regulation and Investment
Alesina, Alberto F; Ardagna, Silvia; Nicoletti, Giorgio; … - C.E.P.R. Discussion Papers - 2003
the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the …
Persistent link: https://www.econbiz.de/10005791979
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Global Banks, Financial Shocks and International Business Cycles: Evidence from an Estimated Model
Kollmann, Robert - C.E.P.R. Discussion Papers - 2012
This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital requirement outperforms a structure without such a...
Persistent link: https://www.econbiz.de/10011084059