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On the Link between the Volatility and Skewness of Growth
Bekaert, Geert - 2012
In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and skewness of growth in the cross-section. The relation holds regardless of initial level of economic development and of subsequent long-run growth rate. We argue that this novel...
Persistent link: https://www.econbiz.de/10013097664
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The Monetary and Fiscal History of Bolivia, 1960–2017
Kehoe, Timothy J. - 2019
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012892582
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The Monetary and Fiscal History of Brazil, 1960-2016
Ayres, João - 2019
Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994. This last period coincided with severe balance of...
Persistent link: https://www.econbiz.de/10012895494
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Sentiments and Economic Activity : Evidence from U.S. States
Benhabib, Jess - 2017
We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in...
Persistent link: https://www.econbiz.de/10012946032
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Economic Cycles in Ancient China
Zhang, Yaguang - 2015
We discuss business cycles in ancient China. Data on Ancient China business cycles are sparse and incomplete and so our … years for OECD countries and with major focus on the 1990's. Here we also probe material on Ancient China to see what is …
Persistent link: https://www.econbiz.de/10013013169
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Trends and Cycles in China's Macroeconomy
Chang, Chun - 2015
research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend … offers a constructive framework for studying China's modern macroeconomy …
Persistent link: https://www.econbiz.de/10013021472
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Monetary Policy Effectiveness in China : Evidence from a FAVAR Model
Fernald, John G. - 2014
institutional and structural changes that China has undergone. We find that increases in bank reserve requirements reduce economic … account. Overall, our results indicate that the monetary policy transmission channels in China have moved closer to those of …
Persistent link: https://www.econbiz.de/10013046611
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Business Cycle During Structural Change : Arthur Lewis' Theory from a Neoclassical Perspective
Storesletten, Kjetil - 2019
fluctuations of China.Institutional subscribers to the NBER working paper series, and residents of developing countries may …
Persistent link: https://www.econbiz.de/10012864144
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Peak China Housing
Rogoff, Kenneth; Yang, Yuanchen - 2022
China’s real estate has been a key engine of its sustained economic expansion. This paper argues, however, that even …
Persistent link: https://www.econbiz.de/10013492182
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Business Cycles, Consumption and Risk-Sharing : How Different is China?
Curtis, Chadwick - 2010
Can standard business-cycle methodology be applied to China? In this chapter, we address this question by examining the … macroeconomic time series and identifying dimensions in which China differs from economies (such as Canada and the U.S.) that are … typically the subject of business-cycle research. We show that naively applying the standard business-cycle tools to China is no …
Persistent link: https://www.econbiz.de/10013141319