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Capital Control Measures : A New Dataset

Fernàndez, Andrés - 2015

assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on … dataset and characterizes the data with respect to the prevalence and correlation of controls across asset categories and …

Persistent link: https://www.econbiz.de/10013022271

Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries

Honda, Jiro - 2020

What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...

Persistent link: https://www.econbiz.de/10012831612

The Evolution of Output in Transition Economies : Explaining the Differences

Berg, Andrew; Borensztein, Eduardo; Sahay, Ratna; … - 2006

What are the relative roles of macroeconomic variables, structural policies, and initial conditions in explaining the time path of output in transition and the large observed differences in output performance across transition economics? Using a sample of 26 countries, this paper follows a...

Persistent link: https://www.econbiz.de/10014179642

Public Debt and Real GDP : Revisiting the Impact

de Soyres, Constance; Kawai, Reina; Wang, Mengxue - 2022

ratio on real GDP. By analyzing data on gross public debt for 178 countries over 1995-2020, we find that the impact of an …This paper provides new empirical evidence of the impact of an unanticipated change in public debt on real GDP. Using … public debt forecast errors, we identify exogenous changes in public debt to assess the impact of a change in the debt to GDP …

Persistent link: https://www.econbiz.de/10013289446

The Myth of Post-Reform Income Stagnation

Carvalho Filho, Irineu E. - 2008

Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...

Persistent link: https://www.econbiz.de/10012677643

Assessing Oil and Non-Oil GDP Growth from Space : An Application to Yemen 2012-17

Debbich, Majdi - 2019

This paper uses an untapped source of satellite-recorded nightlights and gas flaring data to characterize the … elasticities on a sample of 72 countries for real GDP and 28 countries for oil GDP over 6 years, I derive oil and non-oil GDP … growth for Yemen. I show that real GDP contracted by a cumulative 24 percent over 2015-17 against 50 percent according to …

Persistent link: https://www.econbiz.de/10012858960

What Happens If Central Banks Misdiagnose a Slowdown in Potential Output

Bakker, Bas Berend - 2019

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown …

Persistent link: https://www.econbiz.de/10012859859

How Informative are Real Time Output Gap Estimates in Europe?

Kangur, Alvar - 2019

We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have...

Persistent link: https://www.econbiz.de/10012859867

The Negative Mean Output Gap

Aiyar, Shekhar S. - 2019

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple...

Persistent link: https://www.econbiz.de/10012862445

Labor Market Slack and the Output Gap : The Case of Korea

Hansen, Niels-Jakob - 2019

Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many...

Persistent link: https://www.econbiz.de/10012864101