Narrow search
Showing 1 - 10 of 219
Cover Image
Lucas vs. Lucas : On Inequality and Growth
Cordoba, Juan Carlos - 2007
Lucas (2004) asserts that Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution ... The potential for improving the lives of poor people by finding different ways of distributing current...
Persistent link: https://www.econbiz.de/10012777766
Cover Image
The Rewards of Fiscal Consolidation : Sovereign Spreads and Confidence Effects
David, Antonio C. - 2019
announcements. These results constitute direct evidence that confidence effects, in the form of lower sovereign spreads, are an … important transmission channel of fiscal shocks. We also find that the role of confidence effects increases with the level of …
Persistent link: https://www.econbiz.de/10012865832
Cover Image
Growing Apart, Losing Trust? The Impact of Inequality on Social Capital
Gould, Eric D. - 2016
There is a widespread perception that trust and social capital have declined in United States as well as other advanced economies, while income inequality has tended to increase. While previous research has noted that measured trust declines as individuals become less similar to one another,...
Persistent link: https://www.econbiz.de/10012977787
Cover Image
Trust What You Hear : Policy Communication, Expectations, and Fiscal Credibility
End, Nicolas; Hong, Gee Hee - 2022
How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the...
Persistent link: https://www.econbiz.de/10013295113
Cover Image
Confidence as a Driver of Private Investment in Selected Countries of Central America
Janada, Carlos; Ruxandra Teodoru, Iulia - 2021
This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …
Persistent link: https://www.econbiz.de/10013250091
Cover Image
Islamic Finance, Consumer Protection, and Financial Stability
Lukonga, Inutu - 2015
Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to financial instability. Though Shari'ah principles...
Persistent link: https://www.econbiz.de/10013021443
Cover Image
A Strategy for Developing a Market for Nonperforming Loans in Italy
Jassaud, Nadege - 2015
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have...
Persistent link: https://www.econbiz.de/10013026926
Cover Image
Cleaning-Up Bank Balance Sheets : Economic, Legal, and Supervisory Measures for Italy
Garrido, José - 2016
To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets,...
Persistent link: https://www.econbiz.de/10012977833
Cover Image
Hang in There : Stock Market Reactions to Withdrawals of COVID-19 Stimulus Measures
Chan-Lau, Jorge A.; Zhao, Yunhui - 2021
The COVID-19 pandemic prompted unprecedented economic stimulus worldwide. We empirically examine the impact of a withdrawal of fiscal stimulus policies on the stock markets. After constructing a database of withdrawal events, we use event study analysis and cross-country regressions to assess...
Persistent link: https://www.econbiz.de/10013250077
Cover Image
How Do Regulations of Entry and Credit Access Relate to Industry Competition? International Evidence
Igan, Deniz - 2018
We examine the extent to which regulations of entry and credit access are related to competition using data on 28 manufacturing sectors across 64 countries. A robust finding is that bureaucratic and costly entry regulations tend to hamper competition, as proxied by the price-cost margin, in the...
Persistent link: https://www.econbiz.de/10012918554