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Credit shocks and macroeconomic fluctuations in emerging markets

Houssa, Romain; Mohimont, Jolan; Otrok, Christopher M. - 2013

In this paper, we examine the role of global and domestic credit supply shocks in macroeconomic fluctuations for Emerging Markets. For this purpose, we impose a set of zero and sign restrictions within a medium-scale Bayesian Vector Auto-Regressive model. Quarterly data from South Africa and G-7...

Persistent link: https://www.econbiz.de/10009754529

Direct distribution of rents and the resource curse in Iran : a micro-econometric analysis

Farzanegan, Mohammad Reza; Habibpour, Mohammad - 2014

Our goal is to examine the income inequality and welfare effects of the direct distribution of resource rents and subsequent taxation in Iran. We use rich micro survey data covering more than 36,000 Iranian households in 2009. Our micro-simulations show that the direct distribution of resource...

Persistent link: https://www.econbiz.de/10010361509

Linear identification of linear rational-expectations models by exogenous variables reconciles Lucas and Sims

Zadrozny, Peter A. - 2022

-expectations solution (RES) eqs. that determine endogenous variables. For given VAR eqs. that determine exogenous variables (XVAR), RES eqs …. reduce to reduced-form VAR eqs. with exogenous variables (ERF). Combined XVAR and ERF eqs. comprise reduced-form (RF) overall … VAR (OVAR) eqs. of all variables. The specified, solved, and combined eqs. define a mapping from deep parameters to OVAR …

Persistent link: https://www.econbiz.de/10014322086

Impulse response matching estimators for DSGE models

Guerrón-Quintana, Pablo A.; Inoue, Atsushi; Kilian, Lutz - 2016

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … response parameters exceeds the number of VAR model parameters. Situations in which this order condition is violated arise …

Persistent link: https://www.econbiz.de/10011418016

Impact of fiscal policy on inequality and poverty in the Arab Republic of Egypt

Ibarra, Gabriel Lara; Sinha, Nistha; Fayez, Rana; … - 2019

This study assesses the redistributive impact of fiscal policy -- including expenditures and taxation -- in the Arab Republic of Egypt. Using a broadly applied methodology, a fiscal incidence analysis is conducted using survey and government data for fiscal year 2015. Evidence shows that...

Persistent link: https://www.econbiz.de/10012022288

Private debt and GDP : a short-run perspective

Cafiso, Gianluca - 2016

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether...

Persistent link: https://www.econbiz.de/10011566459

The impact of economic globalization on the shadow economy in Egypt

Farzanegan, Mohammad Reza; Hassan, Mai - 2017 - This version: 24.03.2017

This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically...

Persistent link: https://www.econbiz.de/10011645904

Savings, financial development and economic growth in the Arab Republic of Egypt revisited

Hussein, Khaled A.; Mohieldin, Mahmoud Safwat; Rostom, Ahmed - 2017

Persistent link: https://www.econbiz.de/10011663544

Is there news in inventories?

Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2020

We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …

Persistent link: https://www.econbiz.de/10012213178

From currency depreciation to trade reform : how to take Egyptian exports to new levels?

Youssef, Hoda; Zaki, Chahir - 2019

The Arab Republic of Egypt is yet to meet its exports potential, which has been historically hampered by several domestic market distortions and multiple barriers, resulting in weak export performance and modest regional and global integration. Although the liberalization of the exchange rate in...

Persistent link: https://www.econbiz.de/10012008374