Showing 1 - 10 of 48
The authors analyze the relationship between international trade and the quality of economic institutions such as … contract enforcement, rule of law, or property rights. The literature on institutions has argued, both empirically and … theoretically, that larger firms care less about good institutions and that higher inequality leads to worse institutions. Recent …
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This paper analyzes the spatial distribution of refugees over 1987-2017 and establishes several stylized facts about refugees today compared with past decades. (i) Refugees today travel longer distances. (ii) Refugees today are less likely to seek protection in a neighboring country. (iii)...
Persistent link: https://www.econbiz.de/10012837483
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
momentum for improving policy frameworks, institutions, and business climates seems to have slackened. The experience of the … shocks. The subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business …
Persistent link: https://www.econbiz.de/10012841602
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012843341
The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
Persistent link: https://www.econbiz.de/10012891045
Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....
Persistent link: https://www.econbiz.de/10012968211