A “lost decade” refers to an extended period of low or negative growth triggered by an economic crisis and that could … growth in the long term, they need to be accompanied by much stronger cyclical policies, especially given the recessionary …

the Euro area. Risk shocks have stimulated US credit and investment growth since the trough of 2009 whereas they have been …

credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …

International comparisons of living standards are still primarily made using GDP per capita, in spite of recurrent …

This paper examines the causality relationship between immigration, Unemployment and economic growth of the host … countries (France, Iceland, Norway and United Kingdom), growth positively causes immigration, while in any country, immigration … does not cause growth. …

In this paper, we reexamine empirically the finance/growth nexus. We argue that financial deepening should not only be … relationship between financial deepening and economic growth for OECD countries over the last forty years. …

This article explores the role of trend shocks in explaining the specificities of business cycles in developing … Trend” Journal of Political Economy 115(1)]. We specify a small open economy model with transitory and trend shocks on …-Saharan Africa countries. Our results suggest a strong relationship between the weight of trend shocks in the source of fluctuations …

economy between 8% and 9% of GDP in 2004 and between 6% and 7% for the business sector. …