Showing 1 - 10 of 78
This paper investigates the dynamic effects of monetary and fiscal policy in a monetary union, which is characterized by asymmetric interest rate transmission. This asymmetry gives rise to intertemporal reversals in the relative effectiveness of policy on member country outputs. The direction...
Persistent link: https://www.econbiz.de/10005126325
This paper challenges the view that external shocks caused Euroland's 2001 slowdown and subsequent stagnation. Instead, the design of Euroland's macro policymaking arrangements is found lacking in looking after sufficient domestic demand growth. In the event the ECB has failed on its...
Persistent link: https://www.econbiz.de/10005408121
The Broad Economic Policy Guidelines contain the answers of the European Com-mission and the EU-governments to the growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but this concept has not been able to generate sustained...
Persistent link: https://www.econbiz.de/10005561155
Morocco and Tunisia have started to open their markets to international trade and capital flows in order to bolster investment and growth. These liberalization programs require important adjustments in their economic policies, in particular their exchange rate regimes and monetary policies. This...
Persistent link: https://www.econbiz.de/10005561228
participated in the convergence phenomenon, Ireland, also neutral but democratic, was not able to converge to the developed world …
Persistent link: https://www.econbiz.de/10005076554
This paper introduces three measures of spatial dependence for use in the analysis of regional income distributions and their evolution. The first builds upon the notion of regional conditioning (Quah 1993), and is derived as a trace statistic from a modified Markov transition matrix. The...
Persistent link: https://www.econbiz.de/10005124888
This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian … regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate …
Persistent link: https://www.econbiz.de/10005125010
framework, namely, convergence, identifications of growth determinants and factors responsible of growth differences in the data …, the primary focus of this paper is on the last two. Since the use of econometrics was originally motivated by convergence …
Persistent link: https://www.econbiz.de/10005125606
the long term growth rate and in the process of economic convergence between the states of Mexico, the present study … focused on the regional economic convergence process in Mexico, and the effects of economic openess. …
Persistent link: https://www.econbiz.de/10005125613
This paper analyses growth and convergence on sugarcane industry in southeast Asia countries. Important questions in … this paper are whether the growth of sugar cane industry in Southeast Asia moves toward a convergence or divergence trend …, Thailand, Cambodia, Laos, Myanmar, The Philippines, and Vietnam. The finding suggests that based on ƒÒ convergence approach …
Persistent link: https://www.econbiz.de/10005125632