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Macroeconomic Policy Making, Exchange Rate Adjustment and Current Account Imbalances in Emerging Markets
Duarte, Pablo - 2014
Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...
Persistent link: https://www.econbiz.de/10013043592
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Economic Policy Uncertainty, Trust and Inflation Expectations
Istrefi, Klodiana - 2013
Theory and evidence suggest that in an environment of well-anchored expectations, temporary news or shocks to economic variables, should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and short-term inflation expectations are...
Persistent link: https://www.econbiz.de/10013079863
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
. The paper shows that countries at different level of economic development face different policy impacts. Furthermore, PMR …
Persistent link: https://www.econbiz.de/10012920765
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The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies
Fidrmuc, Jarko - 2013
frequencies of cyclical development. More specifically, at business cycle frequencies, dynamic correlations are typically low or … ties and dynamic correlations of GDP growth rates in emerging Asian countries and OECD countries …
Persistent link: https://www.econbiz.de/10013095773
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Economic Policy Uncertainty and Unemployment in the United States : A Nonlinear Approach
Caggiano, Giovanni - 2018
We model U.S. post-WWII monthly data with a Smooth Transition VAR model and study the effects of an unanticipated increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to be statistically and economically larger in recessions....
Persistent link: https://www.econbiz.de/10012913269
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Economic Policy Uncertainty Spillovers in Booms and Busts
Caggiano, Giovanni - 2018
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
Persistent link: https://www.econbiz.de/10012914672
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Government Ideology and Economic Policy-Making in the United States
Potrafke, Niklas - 2017
matter in the United States. Democratic presidents generate, for example, higher economic growth than Republican presidents …
Persistent link: https://www.econbiz.de/10012955414
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Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm
Nam, Chang Woon - 2017
reform and growth policies based on the flying-geese model which highlights ‘step-by-step' changes in a country …'s specialisation pattern and global competitiveness accompanied by economic growth. Unlikely, ‘Make in India' comprises heterogeneous … measures ‘simultaneously' supporting industries in different development stages from labour and capital-intensive to high …
Persistent link: https://www.econbiz.de/10012956706
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The Economics of Politics : Patronage and Political Selection in Italy
Quaresima, Federico - 2017
This article investigates the patronage phenomenon in the italian, so called, Second Republic. In particular, the analysis argues that (ex) members of parliament are appointed to managerial boards in italian (partially) state-owned enterprises responding to political selection rationales....
Persistent link: https://www.econbiz.de/10012964776
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek - 2014
on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of …
Persistent link: https://www.econbiz.de/10013043595