Showing 1 - 10 of 227
This Selected Issues paper reviews recent developments in growth and employment in Bulgaria and highlights key constraints to growth suggested by cross-country competitiveness studies. Bulgaria’s GDP has grown substantially since economic and financial stabilization in 1997. The global...
Persistent link: https://www.econbiz.de/10011245618
Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another...
Persistent link: https://www.econbiz.de/10011242214
. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is …
Persistent link: https://www.econbiz.de/10010959479
is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time. …
Persistent link: https://www.econbiz.de/10010790322
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...
Persistent link: https://www.econbiz.de/10010790399
This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United … higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 …
Persistent link: https://www.econbiz.de/10010790407
For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...
Persistent link: https://www.econbiz.de/10011242342
financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …
Persistent link: https://www.econbiz.de/10011242378
Japan's potential growth rate is steadily falling with the aging of its population. This paper explores the extent to …
Persistent link: https://www.econbiz.de/10011142154
This paper identifies the factors linked to cross-country differentials in growth performance in the aftermath of social conflict for 30 sub-Saharan African countries using panel data techniques. Our results show that changes in the terms of trade are the most important correlate of economic...
Persistent link: https://www.econbiz.de/10009151208