Showing 1 - 10 of 1,121
This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount...
Persistent link: https://www.econbiz.de/10012518866
Persistent link: https://www.econbiz.de/10009422574
We study the channels that theoretically transmit the effects of inequality to economic growth, unlike much of the existing literature that focuses on the direct linkage. The role of inequality in these transmission channels is difficult to pin down and varies with the particular inequality...
Persistent link: https://www.econbiz.de/10012301883
satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in … results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP …
Persistent link: https://www.econbiz.de/10012019789
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
Much recent commentary suggests that global liquidity has influenced financial conditions in the major international markets to an important degree, and that excess liquidity in one financial center can influence financial conditions elsewhere. Little formal research has addressed these issues,...
Persistent link: https://www.econbiz.de/10014400553
system, thereby providing a set of tools to analyze stability from complementary perspectives by allowing the measurement of …
Persistent link: https://www.econbiz.de/10014402510
The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or … asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk …
Persistent link: https://www.econbiz.de/10014398316
Growing international integration in trade and finance can challenge the measurement of external accounts. This paper … account balances. The framework allows to derive a precise definition of measurement distortions and an empirical strategy for … discuss how merchanting and profit-shifting activities could lead to measurement distortions. We suggest areas for future …
Persistent link: https://www.econbiz.de/10012102053
Persistent link: https://www.econbiz.de/10009756810