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The role of demographics in precipitating crises in financial institutions
Macunovich, Diane J. - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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India's approach to capital account liberalization
Prasad, Eswar S. (contributor) - 2009
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...
Persistent link: https://www.econbiz.de/10003794018
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A reappraisal of the inflation-unemployment tradeoff
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011414902
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The return of the long-run Phillips curve
Graham, Liam; Snower, Dennis J. - 2002
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011415107
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Partisan impacts on the economy : evidence from prediction markets and close elections
Snowberg, Erik (contributor); Wolfers, Justin (contributor);  … - 2006
Political economists interested in discerning the effects of election outcomes on the economy have been hampered by the problem that economic outcomes also influence elections. We sidestep these problems by analyzing movements in economic indicators caused by clearly exogenous changes in...
Persistent link: https://www.econbiz.de/10003289884
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Rebalancing growth in Asia
Prasad, Eswar S. - 2009
Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and growth rates for the key emerging markets and other...
Persistent link: https://www.econbiz.de/10003879333
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Firms' inflation expectations: new evidence from France
Savignac, Frédérique; Gautier, Erwan; Gorodnichenko, Yuriy - 2022
Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and … formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but … the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how …
Persistent link: https://www.econbiz.de/10012873113
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal … microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants …
Persistent link: https://www.econbiz.de/10013271201
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The economic effects of COVID-19 and credit constraints: evidence from Italian firms' expectations and plans
Balduzzi, Pierluigi; Brancati, Emanuele; Brianti, Marco; … - 2020
We investigate the economic effects of the COVID-19 pandemic and the role played by credit constraints in the transmission mechanism, using a novel survey of expectations and plans of Italian firms, taken just before and after the outbreak. Most firms revise downward their expectations for...
Persistent link: https://www.econbiz.de/10012271637
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An anatomy of the Phillips curve
Snower, Dennis J.; Karanassou, Marika - 2002
The paper examines how the long-run inflation-unemployment tradeoff depends on the degree to which wage-price decisions …
Persistent link: https://www.econbiz.de/10011414891