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Tests of German Resilience
Bornhorst, Fabian - 2012
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany’s ability to act as global locomotive has been limited. With increasing …
Persistent link: https://www.econbiz.de/10014395625
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Tests of German resilience
Bornhorst, Fabian; Mody, Ashoka - 2012
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany’s ability to act as global locomotive has been limited. With increasing …
Persistent link: https://www.econbiz.de/10009659828
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Das Public Kapital : how much would higher German public investment help Germany and the euro area?
Elekdaǧ, Selim Ali; Muir, Dirk - 2014
Persistent link: https://www.econbiz.de/10010479447
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Inflation and Activity – Two Explorations and their Monetary Policy Implications
Blanchard, Olivier - 2015
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10012418077
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A governance dividend for Sub-Saharan Africa?
Hammadi, Amine; Mills, Marshall; Souza Sobrinho, Nelson … - 2019
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives. It...
Persistent link: https://www.econbiz.de/10012001456
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Financial inclusion : what have we learned so far? : what do we have to learn?
Barajas, Adolfo; Beck, Thorsten; Belhaj, Mohamed; Ben … - 2020
The past two decades have seen a rapid increase in interest in financial inclusion, both from policymakers and researchers. This paper surveys the main findings from the literature, documenting the trends over time and gaps that have arisen across regions, income levels, and gender, among...
Persistent link: https://www.econbiz.de/10012300650
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Measuring income inequality and implications for economic transmission channels
Blotevogel, Robert; Imamoglu, Eslem; Moriyama, Kenji; … - 2020
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
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Intelligent export diversification : an export recommendation system with machine learning
Che, Natasha - 2020
This paper presents a set of collaborative filtering algorithms that produce product recommendations to diversify and optimize a country's export structure in support of sustainable long-term growth. The recommendation system is able to accurately predict the historical trends in export content...
Persistent link: https://www.econbiz.de/10012301956
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Energy, efficiency gains and economic development : when will global energy demand saturate?
Bogmans, Christian; Kiyasseh, Lama; Matsumoto, Akito; … - 2020
Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....
Persistent link: https://www.econbiz.de/10012392616
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Long-term macroeconomic effects of climate change : a cross-country analysis
Kahn, Matthew E.; Mohaddes, Kamiar; Ng, Ryan N. C.; … - 2019
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables-defined as deviations of temperature and precipitation from their historical norms. Using a panel data...
Persistent link: https://www.econbiz.de/10012112126