Showing 1 - 10 of 356
This paper investigates the predictive power of the shadow rate for the inflation rate in countries with a zero lower … parameters we compare the out-of-sample forecasting performance of an inflation model including a shadow rate interaction term … inflation rate are evaluated. The models including the shadow rate interaction term are found to outperform the benchmark ones …
Persistent link: https://www.econbiz.de/10013292499
same inflation or interest rate expectations can differently assess whether the level of the corresponding variable is … and affects durable spending and saving decisions. We also show that the variation in inflation preferences can be …
Persistent link: https://www.econbiz.de/10013293855
Component Analysis. Our analysis shows that BLI increases with GDP only for poor countries, extending the Easterlin Paradox to …
Persistent link: https://www.econbiz.de/10011307128
Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys … focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short …
Persistent link: https://www.econbiz.de/10011584900
We construct the world’s centers of gravity for human population, GDP and CO2 emissions by taking the best out of five … of gravity, we find a radical Western shift of GDP and CO2 emissions centers in the 19th century, in sharp contrast with … the stability of the demographic center of gravity. Both GDP and emissions trends are reversed in the first half of the 20 …
Persistent link: https://www.econbiz.de/10012018248
By examining discrepancies between officially reported GDP growth figures and the actual economic growth implied by … satellite-based night time light (NTL) density, we investigate whether democracies manipulate officially reported GDP figures … the incumbent. These results are robust to allowing the elasticity of official GDP statistics to NTL to be country …
Persistent link: https://www.econbiz.de/10012052759
negatively and independently from the effect of life expectancy. There is no correlation with GDP. Econometric analysis of the …
Persistent link: https://www.econbiz.de/10011480489
interconnectedness. This paper explores this relationship, focusing on the impact of economic cycles and the role of GDP as a measure of … economic success. The paper highlights the historically dominant role of GDP, tracing its origins from Simon Kuznets' report in … for change in the aftermath of the syndemic crisis, and argues for a move away from GDP-centred measurements towards …
Persistent link: https://www.econbiz.de/10014377605
Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the … objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt …
Persistent link: https://www.econbiz.de/10011698667
macro series, namely annual and quarterly real GDP and GDP per capita. The results indicate that the behaviour of US GDP can …
Persistent link: https://www.econbiz.de/10011777593