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exports of all five broad categories of the U.K.'s financial and insurance services. No trade barriers are found for the bulk … suggests that post-Brexit disruptions of the U.K.'s export of financial and insurance services may be minor …
Persistent link: https://www.econbiz.de/10012796259
''s preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the one implied by the commonly …
Persistent link: https://www.econbiz.de/10014400680
methods to the case of Sweden, showing the range of estimates …
Persistent link: https://www.econbiz.de/10014399814
theories of the sovereign default-banking crisis nexus …
Persistent link: https://www.econbiz.de/10014411356
When a country''s banking system becomes more linked to the global banking network, does that system get more or less … prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M …-shaped relationship between financial stability of a country''s banking sector and its interconnectedness. In particular, for banking …
Persistent link: https://www.econbiz.de/10014398526
Persistent link: https://www.econbiz.de/10009486190
Persistent link: https://www.econbiz.de/10009486242
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector....
Persistent link: https://www.econbiz.de/10012252029
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...
Persistent link: https://www.econbiz.de/10012103759
This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and...
Persistent link: https://www.econbiz.de/10012009455