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Sectorial fluctuations and economic growth impact
Valdivia, Daney - Volkswirtschaftliche Fakultät, … - 2012
impact (manufacturing, agriculture and services) on economic growth through 1970 – 2011 and three cohorts. In these sense, it … hypothesis that the manufacturing sector boosts economic growth more than the others. This sector shows high persistence during … technification that supports its low contribution to economic growth previous to 2001 – 2011. …
Persistent link: https://www.econbiz.de/10011258766
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Long-run trend, Business Cycle & Short-run shocks in real GDP
Arby, Muhammad Farooq - Volkswirtschaftliche Fakultät, … - 2001
decomposition of real GDP of Pakistan reveals that the Pakistan’s economy has a declining growth in long-run trend since early 1980s …
Persistent link: https://www.econbiz.de/10005787051
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Professor Becker on Free Banking: A Comment
van den Hauwe, Ludwig - Volkswirtschaftliche Fakultät, … - 2007
Professor Becker´s 1956 paper about free banking was originally intended as a reaction to the 100-percent reserve proposals that were then popular at the University of Chicago. Today the original paper clearly illustrates how considerably our views and theories about free banking have evolved...
Persistent link: https://www.econbiz.de/10011267859
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Measuring fiscal stance for the United Kingdom, 1920-1990
van der Eng, Pierre - Volkswirtschaftliche Fakultät, … - 1992
policy, their attempts do not seem to have been successful. The growth of GDP was subjected to business cycles throughout the … output growth in the 1930s. In contrast, it seems to have increased the shortfall in total demand in the 1980s. …
Persistent link: https://www.econbiz.de/10011258592
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Le Cycle des affaires dans les pays MENA Une Application du Filtre Hodrick-Prescott
Bouoiyour, Jamal; Ibourk, Aomar - Volkswirtschaftliche Fakultät, … - 2005
The purpose of this paper is to analyze monetary integration through the correlation of business cycles across countries. In this context, different estimation methods have been used in real GDP data (Dollars in base 1995) for 8 Southern Mediterranean countries of the (SMC) and covering the...
Persistent link: https://www.econbiz.de/10011260047
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News and financial intermediation in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John - Volkswirtschaftliche Fakultät, … - 2011
We estimate a two-sector DSGE model with financial intermediaries—a-la Gertler and Karadi 2011) and Gertler and Kiyotaki (2010)—and quantify the importance of financial shocks in accounting for aggregate and sectoral fluctuations. Our results indicate a significant role of financial market...
Persistent link: https://www.econbiz.de/10011260055
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Banks’ Capital Buffer, Risk and Performance in the Canadian Banking System: Impact of Business Cycles and Regulatory Changes
Guidara, Alaa; Lai, Van Son; Soumaré, Issouf; Tchana … - Volkswirtschaftliche Fakultät, … - 2013
Using quarterly financial statements and stock market data from 1982 to 2010 for the six largest Canadian chartered banks, this paper documents positive co-movement between Canadian banks’ capital buffer and business cycles. The adoption of Basel Accords and the balance sheet leverage cap...
Persistent link: https://www.econbiz.de/10011260132
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News and financial intermediation in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John - Volkswirtschaftliche Fakultät, … - 2011
We estimate a two-sector DSGEmodel with financial intermediaries—a-la Gertler and Karadi (2011) and Gertler and Kiyotaki (2010)—and quantify the importance of news shocks in accounting for aggregate and sectoral fluctuations. Our results indicate a significant role of financial market news...
Persistent link: https://www.econbiz.de/10011260551
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Overborrowing and Systemic Externalities in the Business Cycle
Bianchi, Javier - Volkswirtschaftliche Fakultät, … - 2009
Credit constraints that link a private agent's debt to market-determined prices embody a systemic credit externality that drives a wedge between competitive and (constrained) socially optimal equilibria, which induces private agents to ``overborrow". We quantify the effects of this externality...
Persistent link: https://www.econbiz.de/10005079302
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Finance in the Theory of Business Cycles
Indrajit, Mallick - Volkswirtschaftliche Fakultät, … - 2008
Abstract The question of aggregate welfare over time makes business cycle studies important. Finance studies allocation of resources under uncertainty. Thus both these fields of study dwell on intertemporal resource allocation under uncertainty. This paper attempts to shed light on how finance...
Persistent link: https://www.econbiz.de/10005025737