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Farms, fertiliser, and financial frictions : yields from a DSGE model
Walker, Sébastien E. J.; Willems, Tim - 2017
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model with a financial accelerator which captures key features of low-income countries (LICs). The predominance of supply shocks in LICs poses distinct challenges for policymakers, given the negative correlation between...
Persistent link: https://www.econbiz.de/10011704444
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Importing inputs for climate change mitigation : the case of agricultural productivity
García-Verdú, Rodrigo; Meyer Cirkel, Alexis; … - 2019
This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting agricultural TFP are analyzed in detail - imported...
Persistent link: https://www.econbiz.de/10012009267
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Fear thy neighbor : spillovers from economic policy uncertainty
Biljanovska, Nina; Grigoli, Francesco; Hengge, Martina - 2017
High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, financial, and political ties among countries, economic agents have more reasons to be vigilant of for- eign economic policy....
Persistent link: https://www.econbiz.de/10011763593
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Economic policy uncertainty in Turkey
Jirasavetakul, La-Bhus Fah; Spilimbergo, Antonio - 2018
Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how...
Persistent link: https://www.econbiz.de/10011978593
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Uncertainty and the employment dynamics of small and large businesses
Ghosal, Vivek; Ye, Yang - 2015
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10010479342
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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels
Terrones, Marco - 2007
risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different … a variety of empirical techniques, we conclude that there is at best a modest degree of international risk sharing, and … certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained better risk sharing …
Persistent link: https://www.econbiz.de/10014400319
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Economic Security, Private Investment, and Growth in Developing Countries
Poirson, Hélène - 1998
improved since the mid-1980s; that private investment is mostly influenced by the risk of expropriation, the degree of civil … liberty, and the degree of independence of the bureaucracy; and that economic growth is affected by the risk of expropriation …
Persistent link: https://www.econbiz.de/10014400780
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The development of local capital markets : rationale and challenges
Laeven, Luc - 2014
Persistent link: https://www.econbiz.de/10010479468
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Does child marriage matter for growth?
Mitra, Pritha; Pondi Endengle, Eric M.; Pant, Malika; … - 2020
Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child marriage is not only critical from a development perspective but it also has important economic implications. This paper is the first to quantify the relationship between child...
Persistent link: https://www.econbiz.de/10012170160
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The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals
International Monetary Fund - 1990
The sensitivity of secondary sovereign loan market returns to three classes of economic news is estimated in the arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U.S. aggregates. Shocks to country-specific balance of payment...
Persistent link: https://www.econbiz.de/10014396212