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Jalles, João Tovar; Medas, Paulo A. - 2022

private and public investment, although both private and public consumption are also negatively affected. Surges in corporate …

Persistent link: https://www.econbiz.de/10014079010

Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand

Bannister, Geoffrey J.; Finger, Harald; Kido, Yosuke; … - 2021

While the world is focused on addressing the near-term ramifications of the COVID-19 shock, we turn attention to another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and New Zealand as examples, we show that the pandemic will...

Persistent link: https://www.econbiz.de/10013250089

Investing to Mitigate and Adapt to Climate Change : A Framework Model

Bonen, Tony - 2017

We propose a macroeconomic model to assess optimal public policy decisions in the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused...

Persistent link: https://www.econbiz.de/10012967108

Policy Uncertainty in Japan

Arbatli, Elif C. - 2017

decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co …

Persistent link: https://www.econbiz.de/10012950422

Evaluating Changes in the Transmission Mechanism of Government Spending Shocks

Rebei, Nooman - 2017

We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of … U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption … consumption in the utility function and rule-of-thumb consumers to assess the sources of non-monotonic changes in the transmission …

Persistent link: https://www.econbiz.de/10012956500

The Liquidation of Government Debt

Sbrancia, M. Belen - 2015

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for...

Persistent link: https://www.econbiz.de/10013027664

Demographics and Interest Rates in Asia

Arslanalp, Serkan - 2018

Demographic developments have been regarded as one important cause of the long-termmovement in global interest rates. This paper provides empirical evidence of therelationship between demographics and interest rates over a wide sample of advanced andemerging market economies. It also finds that...

Persistent link: https://www.econbiz.de/10012912493

Understanding the Macro-Financial Effects of Household Debt : A Global Perspective

Alter, Adrian - 2018

relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt …

Persistent link: https://www.econbiz.de/10012918565

Fintech, Inclusive Growth and Cyber Risks : Focus on the MENAP and CCA Regions

Lukonga, Inutu - 2018

Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the...

Persistent link: https://www.econbiz.de/10012909418

Household Leverage and the Recession

Jones, Callum - 2018

consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the … response of consumption and employment to changes in debt. We estimate the model with Bayesian methods combining state and …

Persistent link: https://www.econbiz.de/10012910353