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Persistent link: https://www.econbiz.de/10001753266
growth. We obtain mixed results. For an economy where LBD externality operates in the traded sector, real exchange rate …
Persistent link: https://www.econbiz.de/10003681919
economies (EMDEs). Second, it documents the cyclical features of the informal economy. Overall, informal economy recessions … (recoveries) do not differ significantly from those of formal economy. Like formal-economy business cycles, informal-economy …
Persistent link: https://www.econbiz.de/10012625108
We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive … formal-sector output. Second, movements in the formal economy tend to spillover to the informal economy. Using a novel set of …
Persistent link: https://www.econbiz.de/10012625110
). We show that incorporating forward-looking expectations into standard open economy structural VAR models resolves these …
Persistent link: https://www.econbiz.de/10015133808
Potential growth - the rate of expansion an economy can sustain at full capacity and employment - is a critical driver …
Persistent link: https://www.econbiz.de/10014250768
Central banks often face tradeoffs in how their monetary policy decisions impact economic activity (including employment), inflation and the price level. This paper assesses how these tradeoffs have evolved over time and varied across countries, with a focus on understanding the post-pandemic...
Persistent link: https://www.econbiz.de/10015405430
Persistent link: https://www.econbiz.de/10009678277
This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
Persistent link: https://www.econbiz.de/10008900898