time, focusing instead on a unweighted equity ratio target, we find evidence of deleveraging and lower loan growth for …

incomes. Household deleveraging was primarily driven by the restrained mortgage borrowing by the young. In several countries … consumption growth driven by both rich and poor households: while the former were hit by large shocks to wealth, the latter also …

growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies … important transmission channels from exchange rate stability to more growth. It is argued that fixed exchange rates provide a … accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …

I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative … skewness of the growth process. The increase in output skewness appears to come from a more negatively skewed distribution of …

whether the historically well-documented relationship between growth, real exchange rates and trade protectionism has broken … strongly to changes in domestic growth and real exchange rates than those of G20 emerging market economies. Moreover, G20 …

public expenditure and its financing via revenue and deficits, and economic growth. We review the various channels through … which public finances affect growth and its underlying determinants (institutional framework, employment, savings and … surveys the empirical findings on the impact of fiscal variables on sustained economic growth. JEL Classification: H50, O40 …