Showing 1 - 10 of 35
Persistent link: https://www.econbiz.de/10003529083
Persistent link: https://www.econbiz.de/10003576515
Persistent link: https://www.econbiz.de/10012594045
Persistent link: https://www.econbiz.de/10013366698
-run panel of real and nominal variables. First, the contribution of world comovements to domestic output growth has decreased …
Persistent link: https://www.econbiz.de/10003882168
We construct a measure of the short-term world interest rate using principal component analysis. Drawing on real … interest rate data for 18 OECD countries for the period 1985 - 2008, persistent deviations from the world interest rate that … that a rise in conditional consumption growth volatility relative to the rest of the world reduces the foreign exchange …
Persistent link: https://www.econbiz.de/10008695840
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For industrialized countries, our results confirm the...
Persistent link: https://www.econbiz.de/10003876000
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10003876023
Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro-prudential regulation lacks a clear methodology to identify these banks. Combining arguments from banking and auction theory, we show that overoptimism causes excessive lending, subsequently...
Persistent link: https://www.econbiz.de/10011339814
Persistent link: https://www.econbiz.de/10010340169