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Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...

Persistent link: https://www.econbiz.de/10012251398

The Real Effects of Financial Sector Interventions During Crises

Valencia, Fabian - 2011

We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...

Persistent link: https://www.econbiz.de/10014402209

Fortschrittsbericht wirtschaftswissenschaftlicher Forschungsinstitute über die wirtschaftliche Entwicklung in Ostdeutschland ; [2.2003]

Dohse, Dirk; Laaser, Claus-Friedrich; Sichelschmidt, Henning - 2003

Persistent link: https://www.econbiz.de/10001818063

Macroeconomic Policy in the Time of COVID-19 : A Primer for Developing Countries

Loayza, Norman V. - 2020

COVID-19 not only represents a worldwide public health emergency but has become an international economic crisis that could surpass the global financial crisis of 2008-09. Right now, containment and mitigation measures are necessary to limit the spread of the virus and save lives. However, they...

Persistent link: https://www.econbiz.de/10012647028

Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic

World Bank Group - 2020

The COVID-19 (coronavirus) global pandemic will have a large negative impact on the Kenyan economy. Even before being affected by the novel coronavirus, Kenya's economy had decelerated. The World Bank estimates that GDP growth in 2019 was about 5.6 percent, down from 6.3 percent in 2018. The...

Persistent link: https://www.econbiz.de/10012647069

Somalia Economic Update, June 2020 : Impact of COVID-19 - Policies to Manage the Crisis and Strengthen Economic Recovery

World Bank Group - 2020

Before the COVID-19 (Coronavirus) pandemic, Somalia's economy was on an upward trajectory, recovering from the 2016/17 drought. The economy grew at an estimated rate of 2.9 percent in 2019, on par with population growth, and was projected to grow at 3.2 percent in 2020. The COVID-19 pandemic has...

Persistent link: https://www.econbiz.de/10012647400

Emerging and developing economies : ten years after the Global Recession

Kose, M. Ayhan; Ohnsorge, Franziska - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012229095

A decade after the 2009 Global Recession : macroeconomic and financial sector policies

Koh, Wee Chian; Yu, Shu - 2020

Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...

Persistent link: https://www.econbiz.de/10012257017

Konjunktur für den Klimaschutz? : Klima- und Wachstumswirkungen weltweiter Konjunkturprogramme

Klepper, Gernot; Peterson, Sonja; Petrick, Sebastian; … - 2009

: Aufteilung der weltweiten Konjunkturprogramme (Prozent) USA; 35 China; 20 Japan; 15 Rest; 15 Europa; 15 Quelle: Scheuerle … (2009). Europa und Japan haben immerhin noch einen Anteil von 15 Prozent an den weltweiten Kon- junkturprogrammen. Es ist … einzuschlagen. Inspiriert durch den von US-Präsident Frank China: 20 Vereinigte Staaten: 35 Japan: 15 Europa: 15 Rest: 15 4 …

Persistent link: https://www.econbiz.de/10003839016

The real effects of financial sector interventions during crises

Laeven, Luc; Valencia, Fabian - 2011

Persistent link: https://www.econbiz.de/10009487128