Similar Search Results

Is Russia Still Driving Regional Economic Growth?

Pani, Marco; Jafarov, Etibar; Shiells, Clinton R. - International Monetary Fund (IMF) - 2005

This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian...

Persistent link: https://www.econbiz.de/10005599404

In Search of Coincident and Leading Indicators of Economic Activity in Argentina

Simone, Alejandro - International Monetary Fund (IMF) - 2001

Time series on economic activity in developing countries, in particular real GDP, are reported with important lags. Therefore, it is useful to construct indicators that coincide or lead the actual direction and level of economic activity. A general methodology to construct these indicators is...

Persistent link: https://www.econbiz.de/10005604906

Technology Shocks and Aggregate Fluctuations; How Well Does the RBC Model Fit Postwar U.S. Data?

Galí, Jordi; Rabanal, Pau - International Monetary Fund (IMF) - 2004

instead to demand factors as the main force behind the strong positive comovement between output and labor input measures. …

Persistent link: https://www.econbiz.de/10005605356

An Empirical Reassessment of the Relationship Between Finance and Growth

Favarra, Giovanni - International Monetary Fund (IMF) - 2003

This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...

Persistent link: https://www.econbiz.de/10005826253

Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean

Kandil, Magda E. - International Monetary Fund (IMF) - 2014

The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price … existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand … shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks …

Persistent link: https://www.econbiz.de/10010790404

Banks' Liability Structure and Mortgage Lending During the Financial Crisis

Dagher, Jihad; Kazimov, Kazim - International Monetary Fund (IMF) - 2012

demand factors that could potentially be large when comparing banksâ€™ overall lending across heterogeneous categories of … allows us to carry out matching exercises that eliminate imbalances in observable applicant characteristics between wholesale … funding curtailed their credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit …

Persistent link: https://www.econbiz.de/10011142090

Trade Openness and Volatility

Levchenko, Andrei A.; Giovanni, Julian di - International Monetary Fund (IMF) - 2008

This paper examines the mechanisms through which output volatility is related to trade openness using an industry-level panel dataset of manufacturing production and trade. The main results are threefold. First, sectors more open to international trade are more volatile. Second, trade is...

Persistent link: https://www.econbiz.de/10010790347

Too Much Finance?

Berkes, Enrico; Panizza, Ugo; Arcand, Jean-Louis - International Monetary Fund (IMF) - 2012

This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a...

Persistent link: https://www.econbiz.de/10010790393

Portugal; Selected Issues

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper of Portugal highlights the discussions on the requirement of policies to overcome structural and cyclical impediments to growth, and secure fiscal consolidation. It analyzes the strength of the company balance sheets in supporting the rebound from recession, and also...

Persistent link: https://www.econbiz.de/10005591317

Government Spending, Legislature Size, and the Executive Veto

Baqir, Reza - International Monetary Fund (IMF) - 2001

Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the executive veto. A simple theoretical framework predicts that jurisdictions with...

Persistent link: https://www.econbiz.de/10005768732