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Solution to Two Paradoxes of International Capital Flow.
Ju, Jiandong - 2006
Intro -- Contents -- I. Introduction -- II. Paradoxes of International Capital Flows -- III. The Model -- IV. Aggregation and Equilibrium Conditions -- V. Comparative Statics -- VI. Free Trade and Capital Flows -- VII. Conclusions -- Appendix: Proofs.
Persistent link: https://www.econbiz.de/10012691176
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Government Size and Output Volatility : Should We Forsake Automatic Stabilization?
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....
Persistent link: https://www.econbiz.de/10014409031
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Public Debt and Real GDP: Revisiting the Impact
de Soyres, Constance - 2022
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 ratio on real GDP. By analyzing data on gross public...
Persistent link: https://www.econbiz.de/10015060462
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A Phillips Curve with Anchored Expectations and Short-Term Unemployment
Ball, Laurence M.; Mazumder, Sandeep - International Monetary Fund (IMF) - 2015
-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including … the failure of high total unemployment since 2008 to reduce inflation greatly. The fit of our equation is especially good … general Phillips curve in which core inflation depends on short-term unemployment and on expected inflation as measured by the …
Persistent link: https://www.econbiz.de/10011242402
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Quality of government and living standards : adjusting for the efficiency of public spending
Grigoli, Francesco; Ley, Eduardo - 2012
It is generally acknowledged that the government's output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...
Persistent link: https://www.econbiz.de/10009620981
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International Income Convergence
Francois, Joseph F. - 2008
Persistent link: https://www.econbiz.de/10012682178
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Myth of Post-Reform Income Stagnation in Brazil.
Chamon, Marcos - 2006
Persistent link: https://www.econbiz.de/10012690983
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Economic Growth and Total Factor Productivity in Niger.
Fontaine, Thomson - 2006
Persistent link: https://www.econbiz.de/10012691029
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Output Drops and the Shocks That Matter.
Becker, Törbjörn I - 2006
Intro -- Contents -- I. MOTIVATION AND RELATED STUDIES -- II. OUTPUT DROPS -- III. SHOCKS -- IV. MULTIVARIATE PROBIT ANALYSIS -- V. ROBUSTNESS AND EXTENSIONS -- VI. CONCLUSIONS -- APPENDIX TABLES AND FIGURES -- APPENDIX I. HODRICK-PRESCOTT-FILTER BASED DEFINITION OF EVENTS -- APPENDIX II. KERNEL...
Persistent link: https://www.econbiz.de/10012691074
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Government Size and Output Volatility
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government-which reflects automatic stabilizers. After a survey of the literature, we show that the contribution of automatic stabilizers to output stability may have disappeared since the 1990s....
Persistent link: https://www.econbiz.de/10012677598