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Corruption and the shadow economy: An empirical analysis
Dreher, Axel; Schneider, Friedrich G. - 2006
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a crosssection of 120 countries and a...
Persistent link: https://www.econbiz.de/10010294540
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Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies
Bibow, Jörg - 2010
to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …
Persistent link: https://www.econbiz.de/10010281707
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US Monetary Policy in a Globalized World
Cuaresma, Jesús Crespo; Doppelhofer, Gernot; … - 2016
We analyze the interaction between monetary policy in the US and the global economy proposing a new class of Bayesian global vector autoregressive models that accounts for time-varying parameters and stochastic volatility (TVP-SV-GVAR). We find that a contractionary US monetary policy shock...
Persistent link: https://www.econbiz.de/10013370122
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Rational expectations and inflation targeting: An analysis for ten countries
Fromlet, Pia - 2010
In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future deviation from target given information about the...
Persistent link: https://www.econbiz.de/10010321410
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How National are Business Systems? The Role of Different State Types and Complementary Institutions in Constructing Homogenous Systems of Economic Coordination and Control
Whitley, Richard - Manchester Business School - 2003
A central tenet of economic sociology is that culture and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, e.g., DiMaggio, 1994; Smelser and Swedberg, 1994). As socially organised agents operating in different...
Persistent link: https://www.econbiz.de/10005869981
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Mitigating the COVID-19 effect: Emergency economic policy-making in Central Europe
Podvršič, Ana; Becker, Joachim; Piroska, Dóra; … - 2020
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
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Theories of finance and financial crisis: Lessons for the Great Recession
Dodig, Nina; Herr, Hansjörg - 2015
Regulation School, the approach of Social Structures of Accumulation and Post-Keynesian approach, which focus on long … the Great Recession, what visions they develop about future development of capitalism and to which extent these different …
Persistent link: https://www.econbiz.de/10010491264
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The global financial crisis and a new capitalism?
Bresser-Pereira, Luiz Carlos - 2010
-based on self-regulated and efficient markets. Although laissez-faire capitalism is intrinsically unstable, the lessons of the … regulations that led to the '30 glorious years of capitalism' (1948-77) and that could have helped avoid a financial crisis as … to predict. It will not be financialized, but the glory years' tendencies toward a global and knowledge-based capitalism …
Persistent link: https://www.econbiz.de/10010281712
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...
Persistent link: https://www.econbiz.de/10012292734
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Economists in the 2008 financial crisis: Slow to see, fast to act
Levy, Daniel C.; Mayer, Tamir; Raviv, Alon - 2022
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...
Persistent link: https://www.econbiz.de/10014304174