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This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
interaction of financial integration with volatility. -- globalization ; international trade and financial linkages … as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the … context of globalization a term typically used to describe the phenomenon of growing international trade and financial …
Persistent link: https://www.econbiz.de/10003464194
paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and …
Persistent link: https://www.econbiz.de/10011518125
This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...
Persistent link: https://www.econbiz.de/10011916217
This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of … capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital …-intensive sectors. Consequently, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital …
Persistent link: https://www.econbiz.de/10011925357
This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...
Persistent link: https://www.econbiz.de/10010350349
- globalization, technological advance and financialization (GTF) - that have weakened the connections between economies and societies …
Persistent link: https://www.econbiz.de/10012583534
compositional and cultural diffusion mechanisms. We use the World Value Survey for 1981-2014 to build time-varying measures of …
Persistent link: https://www.econbiz.de/10012648747
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national …
Persistent link: https://www.econbiz.de/10011347148