Showing 1 - 10 of 321
Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous …
Persistent link: https://www.econbiz.de/10012929951
We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and democracy: higher/lower incomes per capita...
Persistent link: https://www.econbiz.de/10013086006
In this paper, we study the impact of fragmented politics on public debt-in particular, between two consecutive legislative elections. Using data for 92 advanced and developing countries during 1975-2015, we find a positive association between political fragmentation and public debt changes....
Persistent link: https://www.econbiz.de/10012977774
, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …
Persistent link: https://www.econbiz.de/10013098618
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10013098630
This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United … higher taxes and fees. Overall, average lending rates in the base case would rise by 18 bps in Europe, 8 bps in Japan, and 28 …
Persistent link: https://www.econbiz.de/10013099136
in Europe with a focus on these two groups, looking at contributions from cyclical and other factors, and seeking to draw …
Persistent link: https://www.econbiz.de/10013083623
analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …
Persistent link: https://www.econbiz.de/10013084473
The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and …
Persistent link: https://www.econbiz.de/10013072600
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging … economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years … but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow …
Persistent link: https://www.econbiz.de/10012843499