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Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach

Doppelhofer, Gernot - 2000

This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...

Persistent link: https://www.econbiz.de/10012471000

Is Trade Good or Bad for the Environment? Sorting Out the Causality

Frankel, Jeffrey A. - 2002

evidence that trade has the detrimental effect on the environment that the race-to-the-bottom theory would lead one to expect …

Persistent link: https://www.econbiz.de/10012469508

Global Transmission of Interest Rates : Monetary Independence and Currency Regime

Frankel, Jeffrey A. - 2002

Using a large sample of developing and industrialized economies during 1970-1999, this paper explores whether the choice of exchange rate regime affects the sensitivity of local interest rates to international interest rates. In most cases, we cannot reject full transmission of international...

Persistent link: https://www.econbiz.de/10012469887

Consumption Risk and International Asset Returns : Some Empirical Evidence

Cumby, Robert E. - 1987

The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that these fluctuations cannot be explained by...

Persistent link: https://www.econbiz.de/10012476685

An Elaborated Global Climate Policy Architecture : Specific Formulas and Emission Targets for All Countries in All Decades

Frankel, Jeffrey A. - 2009

This paper analyzes a detailed plan to set quantitative national limits on emissions of greenhouse gases, following along the lines of the Kyoto Protocol. It is designed to fill in the most serious gaps: the absence of targets extending as far as 2100, the absence of participation by the United...

Persistent link: https://www.econbiz.de/10012463771

The Effect of Monetary Policy on Real Commodity Prices

Frankel, Jeffrey A. - 2006

smaller countries. The claim is that low real interest rates lead to high real commodity prices. The theory is an analogy with …

Persistent link: https://www.econbiz.de/10012465947

Social Security and Democracy

Mulligan, Casey B. - 2002

Many political economic theories use and emphasize the process of voting in their explanation of the growth of Social Security, government spending, and other public policies. But is there an empirical connection between democracy and Social Security program size or design? Using some new...

Persistent link: https://www.econbiz.de/10012469756

The World Distribution of Income (estimated from Individual Country Distributions)

Sala-i-Martin, Xavier - 2002

We estimate the world distribution of income by integrating individual income distributions for 125 countries between … hosted 11% of the world's poor in 1960. It hosted 66% of them in 1998. We estimate nine indexes of income inequality implied … by our world distribution of income. All of them show substantial reductions in global income inequality during the 1980s …

Persistent link: https://www.econbiz.de/10012469781

Estimating the Effect of Currency Unions on Trade and Output

Frankel, Jeffrey A. - 2000

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita. We use economic and geographic data for over 200...

Persistent link: https://www.econbiz.de/10012470886

A Survey of Empirical Research on Nominal Exchange Rates

Frankel, Jeffrey A. - 1994

Dornbusch 'overshooting' theory, in the form of reaction to 'news' and in forecasts at long-run horizons. Nevertheless, at short … volatility under different nominal exchange rate regimes makes us skeptical of the first view. The theory and evidence on …

Persistent link: https://www.econbiz.de/10012474046