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The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi - 2013
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10014409435
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Role of Seasonality and Monetary Policy in Inflation Forecasting.
Kumah, Francis Y - 2006
Intro -- Contents -- I. INTRODUCTION -- II. INFLATION AND MONETARY POLICY IN THE KYRGYZ REPUBLIC -- III. SEASONAL CHARACTERISTICS OF CONSUMER PRICES -- IV. MODELING AND FORECASTING INFLATION -- V. CONCLUDING REMARKS -- References -- Appendix. Further Empirical Results.
Persistent link: https://www.econbiz.de/10012691121
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From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico
Dolk, Michaela - 2023
This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican...
Persistent link: https://www.econbiz.de/10015059150
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Beyond the Annual Averages: Impact of Seasonal Temperature on Employment Growth in US Counties
Nguyen, Ha - 2023
Using quarterly temperature and employment data between 1990 and 2021, this paper uncovers nuanced evidence on the impact of seasonal temperature within US counties: higher winter temperature increases private sector employment growth while higher summer temperature decreases it. The impacts of...
Persistent link: https://www.econbiz.de/10015059377
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Global and regional spillovers to Pacific Island countries
Sheridan, Niamh; Tumbarello, Patrizia; Wu, Yiqun - 2012
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased … economies are more important for PICs than from advanced economies outside the region. While strong linkages with Asia would …
Persistent link: https://www.econbiz.de/10009618544
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Fiscal foresight and information flows
Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2012
News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...
Persistent link: https://www.econbiz.de/10009618558
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How effective is monetary transmission in low-income countries? : a survey of the empirical evidence
Mishra, Prachi; Montiel, Peter - 2012
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the ""facts on the ground"" and ""methodological...
Persistent link: https://www.econbiz.de/10009618588
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Dissecting Taylor Rules in a Structural VAR
Choi, Woon Gyu - 2010
This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over...
Persistent link: https://www.econbiz.de/10012677535
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The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of structural and empirical models in a consistent framework using...
Persistent link: https://www.econbiz.de/10012677626
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The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
Contents -- I. Introduction -- II. A Brief Guide Monetary Analysis in the ECB's Strategy and Its Evolution Since 1998 -- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary Analysis -- VI. How Time Path Dependent Should the...
Persistent link: https://www.econbiz.de/10012682180