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Inflation anchoring and growth : evidence from sectoral data
Choi, Sangyup; Furceri, Davide; Loungani, Prakash - 2018
Central bankers often assert that low inflation and anchoring of inflation expectations are good for economic growth … (Bernanke 2007, Plosser 2007). We test this claim using panel data on sectoral growth for 22 manufacturing industries for 36 … advanced and emerging market economies over the period 1990-2014. Inflation anchoring in each country is measured as the …
Persistent link: https://www.econbiz.de/10011809557
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How important is the global financial cycle? : evidence from capital flows
Cerutti, Eugenio M.; Claessens, Stijn; Rose, Andrew - 2017
This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...
Persistent link: https://www.econbiz.de/10011799668
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Can a government enhance long-run growth by changing the composition of public expenditure?
Acosta-Ormaechea, Santiago; Morozumi, Atsuyoshi - 2013
-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a …
Persistent link: https://www.econbiz.de/10012667564
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Finance, growth, and inequality
Levine, Ross - 2021
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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The finance and growth nexus re-examined : do all countries benefit equally?
Barajas, Adolfo; Chami, Ralph; Yousefi, Seyed Reza - 2013
Persistent link: https://www.econbiz.de/10009756777
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Structural reforms and regional convergence
Spilimbergo, Antonio; Che, Natasha Xingyuan - 2012
Persistent link: https://www.econbiz.de/10009615304
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Growth at risk : concept and application in IMF country surveillance
Prasad, Ananthakrishnan; Elekdaǧ, Selim Ali; Jeasakul, … - 2019
The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its main strength is its ability to assess the entire distribution of future GDP growth (in contrast to point forecasts), quantify macrofinancial risks in terms of growth, and monitor...
Persistent link: https://www.econbiz.de/10012009373
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Macrofinancial linkages and growth at risk in the Dominican Republic
Bespalova, Olga; Rousset, Marina - 2019
This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook and its probability distribution. Using this approach, we evaluate risks to GDP growth in the Dominican Republic using quarterly data for 1996-2018. We group macrofinancial...
Persistent link: https://www.econbiz.de/10012154738
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Financial Development and Economic Growth : An Overview
Khan, Mohsin S. - 2000
In recent years there has been substantial theoretical and empirical work on the role that financial markets play in fostering economic growth and development. This paper provides a selective review of the literature, as well as new empirical evidence on the relationship between financial...
Persistent link: https://www.econbiz.de/10014403474
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Financial Frictions, Investment, and Institutions
Yafeh, Yishay - 2010
effects of institutions on these financial frictions using a panel of 75,000 firm-years across 48 countries for the period …
Persistent link: https://www.econbiz.de/10014397491