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Macroeconomic Policy Making and Current Account Imbalances in the Euro Area
Murai, Taiki; Schnabl, Gunther - 2021
The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...
Persistent link: https://www.econbiz.de/10013221180
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On the Exchange Rate and Economic Policy Uncertainty Nexus : A Panel VAR Approach for Emerging Markets
Abid, Abir - 2020
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012837681
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The Interplay of Economic, Social and Political Fragmentation
Bosworth, Steven - 2019
This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to social fragmentation (the adoption of increasingly incompatible social identities and values), which generate political fragmentation (the adoption of increasingly incompatible...
Persistent link: https://www.econbiz.de/10012859600
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Priority Roads : The Political Economy of Africa's Interior-to-Coast Roads
Bonfatti, Roberto - 2019
Africa’s interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10012892107
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A Comparison of Monthly Global Indicators for Forecasting Growth
Baumeister, Christiane; Guérin, Pierre - 2021
covers multiple dimensions of the global economy consistently produces substantial improvements in forecast accuracy, while … for assessing the current and future state of the economy for a set of individual countries and groups of countries. We … use this indicator to track the evolution of the nowcasts for the US, the OECD area, and the world economy during the …
Persistent link: https://www.econbiz.de/10013315045
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Protectionism and Economic Growth : Causal Evidence from the First Era of Globalization
Potrafke, Niklas; Ruthardt, Fabian; Wuthrich, Kaspar - 2021
government revenue. However, the results do not suggest that the protectionist government stimulated the economy by increasing …
Persistent link: https://www.econbiz.de/10013227482
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Natural resource endowment: A mixed blessing?
Gylfason, Thorvaldur - 2011
This paper deals with the implications of natural resources for the conduct of economic policies and the role and design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries, highlighting the successes of those that have done well...
Persistent link: https://www.econbiz.de/10010274997
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History, expectations, and public policy: Economic development in Eastern Germany
Schäfer, Andreas; Steger, Thomas M. - 2010
macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the …
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
been vital to the Greek economy …
Persistent link: https://www.econbiz.de/10012837680