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The Asymmetric Impact of Economic Policy and Oil Price Uncertainty on Inflation : Evidence from Developed and Emerging Economies
Anderl, Christina; Caporale, Guglielmo Maria - 2023
inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10014260984
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The Political Economy of the Prussian Three-Class Franchise
Becker, Sascha O. - 2019
Did the Prussian three-class franchise, which politically over-represented the economic elite, affect policy-making? Combining MP-level political orientation, derived from all roll call votes in the Prussian parliament (1867-1903), with constituency characteristics, we analyze how local vote...
Persistent link: https://www.econbiz.de/10012861476
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Creativity Over Time and Space - a Historical Analysis of European Cities
Serafinelli, Michel; Tabellini, Guido - 2021
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...
Persistent link: https://www.econbiz.de/10013235118
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What Drives Financial Development? A Meta-Regression Analysis
Doucouliagos, Chris - 2020
development, while trade openness seems only important for stock market capitalization. Inflation has an adverse effect on …
Persistent link: https://www.econbiz.de/10012830987
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Wealth-Income Ratios in Free Market Capitalism : Switzerland, 1900-2020
Baselgia, Enea; Martinez, Isabel - 2022
We estimate the ratio of private wealth to national income, βpt, for Switzerland from 1900 to 2020. Our results indicate that over the 20th century, βpt did not follow a U-shaped pattern as in most European countries. Instead, its was exceptionally stable at around 500%. We argue that this...
Persistent link: https://www.econbiz.de/10014244083
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How Do Subnational Governments React to Shocks to Revenue Sources? Evidence from Argentina
Besfamille, Martin; Jorrat, Diego; Manzano, Osmel; … - 2019
that prevailed in Argentina from 1988 to 2003, we jointly estimate the effects that changes in these public revenues had on …
Persistent link: https://www.econbiz.de/10012871018
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How Do Subnational Governments React to Shocks to Different Revenue Sources? Evidence from Hydrocarbon-Producing Provinces in Argentina
Besfamille, Martin; Jorrat, Diego; Manzano, Osmel; … - 2021
Based on the fiscal regime that prevailed in Argentina from 1988 to 2003, we estimate the effects that changes in …
Persistent link: https://www.econbiz.de/10013215671
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History, expectations, and public policy: Economic development in Eastern Germany
Schäfer, Andreas; Steger, Thomas M. - 2010
Motivated by the process of economic development in Eastern Germany since the German reunification we set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level. The model features multiple...
Persistent link: https://www.econbiz.de/10010276791
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Economic Policy Uncertainty : Persistence and Cross-Country Linkages
Aikins Abakah, Emmanuel Joel - 2020
This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...
Persistent link: https://www.econbiz.de/10012833734
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Macroeconomic Policy Lessons for Greece from the Debt Crisis
Economides, George - 2020
This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our simulations show that the adopted adjustment program (namely, the...
Persistent link: https://www.econbiz.de/10012837680