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growth from total factor productivity has been minor, while the high population growth poses a significant challenge to …
Persistent link: https://www.econbiz.de/10005825438
This Selected Issues paper analyzes the empirical relationship between corporate leverage—and other indicators of financial health—and investment in Israel, using dynamic panel data techniques. The results suggest that weak balance sheets may well have contributed to the investment...
Persistent link: https://www.econbiz.de/10011245486
This paper assesses the interconnectedness across Korean banks using three alternative methodologies. Two methodologies utilize high frequency financial data while the third uses bank balance sheet data to assess banks' bilateral exposures, systemically vulnerable banks, and systemically risky...
Persistent link: https://www.econbiz.de/10009293781
This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...
Persistent link: https://www.econbiz.de/10008727797
The quality of the macroeconomic statistics is generally high, broadly conforming to international standards for compilation and dissemination, although coverage of illicit activities is poor. Executive Directors suggest reviewing the legal framework for statistical activity, including...
Persistent link: https://www.econbiz.de/10011243840
This paper analyses the links between the investment strategies of a commodity-based SWF and the macroeconomic framework of the owner country. We examine some basic macrofinancial linkages of an SWF's strategic asset allocation (SAA) strategies with regard to the government budget, monetary...
Persistent link: https://www.econbiz.de/10008561093
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …
Persistent link: https://www.econbiz.de/10014398156
between investment in high-quality public infrastructure and economy-wide productivity.1 Against the background of a steady …-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment …
Persistent link: https://www.econbiz.de/10014408539
investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …
Persistent link: https://www.econbiz.de/10014408564
private sector output Y. The government is fully informed about worker productivity. By examining the welfare properties of … or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822