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Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)?
Bergant, Katharina - 2020
We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …
Persistent link: https://www.econbiz.de/10012828057
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Dampening global financial shocks : can macroprudential regulation help (more than capital controls)?
Bergant, Katharina; Grigoli, Francesco; Hansen, … - 2020
We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging … markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital … liquidity, foreign currency mismatches, and risky forms of credit. We also find that tighter macroprudential regulation allows …
Persistent link: https://www.econbiz.de/10012252052
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Inequality and Growth : A Heterogeneous Approach
Grigoli, Francesco - 2017
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10012962147
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Predictive density aggregation : a model for global GDP growth
Caselli, Francesca; Grigoli, Francesco; Lafarguette, Romain - 2020
In this paper we propose a novel approach to obtain the predictive density of global GDP growth. It hinges upon a bottom-up probabilistic model that estimates and combines single countries' predictive GDP growth densities, taking into account cross-country interdependencies. Speci?cally, we...
Persistent link: https://www.econbiz.de/10012251413
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Inequality and growth : a heterogeneous approach
Grigoli, Francesco; Paredes, Evelio; Di Bella, Gabriel - 2016
The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...
Persistent link: https://www.econbiz.de/10011716310