Showing 1 - 10 of 252
Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic … depended on the economic and institutional development of the country, economic structure, duration of the war, international …
Persistent link: https://www.econbiz.de/10013050680
The paper summarizes how Japan`s foreign exchange and trade control system operated in the early 1950s, how and how …
Persistent link: https://www.econbiz.de/10012782194
The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since … the late 1990s. While the Bank of Japan's reflation efforts have evolved over time, inflation and inflation expectations … have remained stubbornly low. This paper examines the evolution of monetary policy in Japan over the past twenty years, in …
Persistent link: https://www.econbiz.de/10013252055
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit …
Persistent link: https://www.econbiz.de/10013088729
the region. Stronger domestic growth in Japan could mitigate the pace, but is unlikely to reverse the expansion as global …
Persistent link: https://www.econbiz.de/10013071369
Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to derive implications for the near- and medium-term economic outlook in the Arab...
Persistent link: https://www.econbiz.de/10013064261
This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and...
Persistent link: https://www.econbiz.de/10012781973
paper are subject to an extraordinary degree of uncertainty. The key messages are: (1) that the devastating civil war has … what it was before the war started and it could take two decades or more for Syria to return to its pre-conflict GDP levels …
Persistent link: https://www.econbiz.de/10012977828
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better...
Persistent link: https://www.econbiz.de/10012998763
This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal multipliers have declined in recent years which would make the on-going fiscal consolidation less...
Persistent link: https://www.econbiz.de/10012913891