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Adopción de metas de inflación y su impacto en las expectativas de inflación y volatilidad del crecimiento económico: evidencia empírica para Bolivia
Valdivia, Daney; Loayza, Lilian - Volkswirtschaftliche Fakultät, … - 2010
Introduction of inflation targeting has global effects on dynamic of prices and economic growth. In case of a developing country with an increasing remonetization since 2007 – 2008 and modest growing later than 2009 it’s important to assess the adoption of a new regime and how it helps to...
Persistent link: https://www.econbiz.de/10011259298
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Bank Liquidity, Market Participation, and Economic Growth
Mattana, Elena; Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2012
We report evidence that bank liquidity ratios (liquid assets as a percentage of total assets) decrease during the … banks react to this by lowering their liquidity ratios. In a panel of 45 countries, we find evidence that such a mechanism … is into place: a one-unit increase in an index of securities market liberalization leads to a drop in the bank liquidity …
Persistent link: https://www.econbiz.de/10011112629
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Politique monétaire et croissance économique en zone cemac [une évaluation empirique en données de panel]
Ekobena, Fouda; Yannick, Simon - Volkswirtschaftliche Fakultät, … - 2012
The economic literature emphasizes the existence of a debate having milked with the impact of the monetary policy on the economic activity. At the beginning of the years 1990, the monetary policy of the countries of the CEMAC knew significant reforms which aimed at conferring to him of advantage...
Persistent link: https://www.econbiz.de/10011258720
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Monetary policy and endogenous market structure in a schumpeterian economy
Angus C., Chu; Lei, Ji - Volkswirtschaftliche Fakultät, … - 2012
In this study, we develop a monetary Schumpeterian growth model with endogenous market structure (EMS) to explore the effects of monetary policy on the number of firms, �firm size, economic growth and social welfare. EMS leads to richer implications and different results from previous studies...
Persistent link: https://www.econbiz.de/10011259473
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Search and endogenous growth: when Romer meets Lagos and Wright
Chu, Angus C.; Lai, Ching-Chong; Liao, Chih-Hsing - Volkswirtschaftliche Fakultät, … - 2012
In this note, we develop a search-based monetary growth model to analyze the growth and welfare effects of inflation. We introduce endogenous growth via capital externality into a two-sector search model and compare the effects of inflation to those from a standard cash-in-advance (CIA) growth...
Persistent link: https://www.econbiz.de/10009650014
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Monetary Policies and the Economic Growth
Scarlat, Valentin - Volkswirtschaftliche Fakultät, … - 2009
Talking about the economic growth, is to be stressed the essential contribution of the investment to a country economic development, role which is unanimously recognized and accepted. It is well-known that even the most developed market economies were built up with notable investment efforts, in...
Persistent link: https://www.econbiz.de/10008543502
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A tale of two growth engines: The interactive effects of monetary policy and intellectual property rights
Chu, Angus C.; Lai, Ching-Chong; Liao, Chih-Hsing - Volkswirtschaftliche Fakultät, … - 2010
How do intellectual property rights that determine the market power of firms influence the effects of monetary policy on economic growth and social welfare? To analyze this question, we develop a monetary R&D-based growth model with elastic labor supply. We find that monetary expansion reduces...
Persistent link: https://www.econbiz.de/10008919789
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Monetary Policy, R&D and Economic Growth in an Open Economy
Chu, Angus C.; Cozzi, Guido; Lai, Ching-Chong; Liao, … - Volkswirtschaftliche Fakultät, … - 2013
This study analyzes the growth and welfare effects of monetary policy in a two-country Schumpeterian growth model with cash-in-advance constraints on consumption and R&D investment. We find that an increase in the domestic nominal interest rate decreases domestic R&D investment and the growth...
Persistent link: https://www.econbiz.de/10011170142
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Monetary Policy Shocks from the EU and US: Implications for Sub-Saharan Africa
Kronick, Jeremy - Volkswirtschaftliche Fakultät, … - 2014
This paper addresses the debate in the literature on how developing countries are affected by foreign monetary policy shocks. I analyze how contractionary monetary policy shocks originating in different regions, specifically the Euro Area (“EU”) and United States (“US”), affect a set of...
Persistent link: https://www.econbiz.de/10011107889
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R&D and economic growth in a cash-in-advance economy
Chu, Angus C.; Cozzi, Guido - Volkswirtschaftliche Fakultät, … - 2012
R&D investment has well-known liquidity problems, with potentially important consequences. In this paper, we analyze …
Persistent link: https://www.econbiz.de/10011110995