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Oil Prices and the Global Economy : Is it Different this Time Around?

Mohaddes, Kamiar - 2017

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to...

Persistent link: https://www.econbiz.de/10012948538

Macroeconomic Effects of Dividend Taxation with Investment Credit Limits

Ghilardi, Matteo; Zilberman, Roy - 2022

We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally …-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium … the `traditional' and `new' views of dividend taxation, and highlights the importance of measuring the firm's initial …

Persistent link: https://www.econbiz.de/10014079906

A Governance Dividend for Sub-Saharan Africa?

Hammadi, Amine - 2019

Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives. It...

Persistent link: https://www.econbiz.de/10012892907

Determinants and Social Dividends of Digital Adoption

Kumar, Utkarsh; Amaglobeli, David; Moszoro, Marian - 2023

We identify key drivers of digital adoption, estimate fiscal costs to provide internet subsidies to households, and calculate social dividends from digital adoption. Using cross-country panel regressions and machine learning, we find that digital infrastructure coverage, internet price, and...

Persistent link: https://www.econbiz.de/10014355805

Why European Banks Adjust Their Dividend Payouts?

Belloni, Marco; Grodzicki, Maciej; Jarmuzek, Mariusz - 2022

, over a decade and a half preceding the pandemic, bank dividend payouts were adjusted in line with the motivations found in … the literature. Banks change their dividend payouts because they would like to signal good profitability to shareholders …-wide recommendations to suspend dividend payouts, banks would likely have reduced the payouts only slightly in the first year of the …

Persistent link: https://www.econbiz.de/10014239398

Sharing the Growth Dividend : Analysis of Inequality in Asia

Jain Chandra, Sonali - 2016

This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing...

Persistent link: https://www.econbiz.de/10012995280

Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle

Detragiache, Enrica - 2018

The paper investigates EU banks' profitability through the recent financial cycle using banklevelbalance sheet and income statement data. We find that banks that were more successfulat protecting their profits had a less pronounced deterioration in loan quality and a largerimprovement in cost...

Persistent link: https://www.econbiz.de/10012913876

The Present Value of Corporate Profits : A Forecasters' Survey Perspective

Andrle, Michal - 2019

This paper presents and discusses the estimates of the present value of corporate profits in the United States from 1984 to 2018. To value the expected income stream, it uses the long-range forecasts of professional forecasters for pre-tax corporate earnings and long-term Treasury note yields,...

Persistent link: https://www.econbiz.de/10012892904

A Closer Look at Sectoral Financial Linkages in Brazil I : Corporations' Financial Statements

Karpowicz, Izabela - 2016

Understanding the interplay between firms' balance sheets and the macro-economic environment is important for understanding of the Brazilian economy. A close examination of developments in the nonfinancial corporate sector up to the early 2015 reveals weak equity growth, declining profitability,...

Persistent link: https://www.econbiz.de/10012995282

Corporate Sector Vulnerabilities in Ireland

Klein, Nir - 2016

The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and...

Persistent link: https://www.econbiz.de/10012977757