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Income Distribution, Political Instability, and Investment

Alesina, Alberto - 1993

politico-economic environment, reduces investment. As a consequence, income inequality and investment are inversely related …. Since investment is a primary engine of growth, this paper identifies a channel for an inverse relationship between income … are investment and an index of socio-political instability. Our results are robust to sensitivity analysis on the …

Persistent link: https://www.econbiz.de/10012474459

Policy Uncertainty In Japan

Arbatli, Elif C. - 2017

's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to …

Persistent link: https://www.econbiz.de/10012455270

Elections, Political Polarization, and Economic Uncertainty

Baker, Scott R. - 2020

We examine patterns of economic policy uncertainty (EPU) around national elections in 23 countries. Uncertainty shows a clear tendency to rise in the months leading up to elections. Average EPU values are 13% higher in the month of and the month prior to an election than in other months of the...

Persistent link: https://www.econbiz.de/10012482181

Political Instability, Political Weakness and Inflation : An Empirical Analysis

Edwards, Sebastian - 1991

In this paper we analyze empirically the most important implications of two family political economy models of inflation: the "myopic? government approach and the "weak" government approach. In myopic government models inflation is the deliberate outcome of politicians strategic behavior, while...

Persistent link: https://www.econbiz.de/10012475286

Economic Policy Uncertainty and the Credit Channel : Aggregate and Bank Level U.S. Evidence over Several Decades

Bordo, Michael D. - 2016

Economic policy uncertainty affects decisions of households, businesses, policy makers and Financial intermediaries. We first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank entity level data to gauge the effects of policy...

Persistent link: https://www.econbiz.de/10012456652

Pick Your Poison : The Choices and Consequences of Policy Responses to Crises

Forbes, Kristin J. - 2015

Countries choose different strategies when responding to crises. An important challenge in assessing the impact of these policies is selection bias with respect to relatively time-invariant country characteristics, as well as time-varying values of outcome variables and other policy choices....

Persistent link: https://www.econbiz.de/10012457679

Policy Distortions and Aggregate Productivity with Heterogeneous Plants

Restuccia, Diego - 2007

We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...

Persistent link: https://www.econbiz.de/10012465637

The Causes of Japan's "Lost Decade" : The Role of Household Consumption

Horioka, Charles Yuji - 2006

stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …

Persistent link: https://www.econbiz.de/10012466513

Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity

Da-Rocha, José-María - 2017

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical evidence points to resource misallocation across heterogeneous production units as an important factor. We study resource misallocation in a model where establishment-level...

Persistent link: https://www.econbiz.de/10012455342

Measuring Economic Policy Uncertainty

Baker, Scott R. - 2015

find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …

Persistent link: https://www.econbiz.de/10012457036

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