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Economic performance and government size
Afonso, António; Jalles, João Tovar - 2011
We construct a growth model with an explicit government role, where more government resources reduce the optimal level …-2008, we use different proxies for government size and institutional quality. Our results, consistent with the presented growth … model, show a negative effect of the size of government on growth. Similarly, institutional quality has a positive impact on …
Persistent link: https://www.econbiz.de/10011605444
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When do countries implement structural reforms?
da Silva, Antonio Dias; Givone, Audrey; Sondermann, David - 2017
The objective of this paper is to investigate which factors - macroeconomic, policy - related or institutional - foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...
Persistent link: https://www.econbiz.de/10011804393
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When Do Countries Implement Structural Reforms?
Dias da Silva, Antonio - 2017
The objective of this paper is to investigate which factors ‐ macroeconomic, policy‐related or institutional ‐ foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to...
Persistent link: https://www.econbiz.de/10012953484
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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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Financial reforms and innovation: A micro-macro perspective
Boikos, Spyridon; Bournakis, Ioannis; Dimitris, … - 2021
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial … sector produces a straightforward result: a decrease in lending rates which stimulates R&D investment and economic growth …
Persistent link: https://www.econbiz.de/10012515465
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The allocation of competencies in an international union: a positive analysis
Ruta, Michele - 2003
This paper presents a positive theory of centralization of political decisions in an international union. My central claim is that lobbies play a role in determining the assignment of competencies to the union because their power of influence can increase or decrease under centralization. I show...
Persistent link: https://www.econbiz.de/10011604266
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Politics, banks, and sub-sovereign debt: Unholy trinity or divine coincidence?
Koetter, Michael; Popov, Alexander - 2018
We exploit election-driven turnover in State and local governments in Germany to study how banks adjust their securities portfolios in response to the loss of political connections. We find that local savings banks, which are owned by their host county and supervised by local politicians,...
Persistent link: https://www.econbiz.de/10011916850
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Politics, Banks, and Sub-Sovereign Debt : Unholy Trinity or Divine Coincidence?
Koetter, Michael - 2018
We exploit election-driven turnover in State and local governments in Germany to study how banks adjust their securities portfolios in response to the loss of political connections. We find that local savings banks, which are owned by their host county and supervised by local politicians,...
Persistent link: https://www.econbiz.de/10012920351
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Has regulatory capital made banks safer? Skin in the game vs moral hazard
Dautovic, Ernest - 2020
The paper evaluates the impact of a phased-in introduction of capital requirements on equity, risk-taking, and probability of default for a sample of European systemically important banks. Contrary to the case of a one-off introduction of capital requirements, this study does not find evidence...
Persistent link: https://www.econbiz.de/10012422111
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The reaction of bank lending to monetary policy measures in Germany
Worms, Andreas - 2001
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to change bank loan supply. This paper contributes to the discussion on this issue by presenting empirical evidence from dynamic panel estimations based on a dataset that comprises...
Persistent link: https://www.econbiz.de/10011604142