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The adverse effect of finance on growth
Fajeau, Maxime - 2020
Persistent link: https://www.econbiz.de/10012244578
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Disinflationary spillovers from the euro area into the countries of Southeastern Europe
Ramadani, Gani; Pandiloski, Predrag - 2019
We analyze the determinants of the inflation trends in ten Southeast European (SEE) countries. Global cost …-related factors and euro area (EA) inflation developments play an important role in explaining inflation dynamics in SEE countries … exchange to euro area market appear to be susceptible to inflation spillovers from the euro area. Moreover, nominal effective …
Persistent link: https://www.econbiz.de/10012124587
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Fiscal sustainability and the role of inflation
Afonso, António; Alves, Josée; Matvejevs, Oļegs; … - 2023
Persistent link: https://www.econbiz.de/10014449972
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Interpreting monetary stabilization in a growth model with credit goods production
Aiyagari, Sudhakar Rao; Eḳshṭain, Tsevi - 1994
Persistent link: https://www.econbiz.de/10000914240
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On the long-run unemployment, inflation, and volatility
Fasani, Stefano - 2021
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in the long-run. It finds that when the labor market is affected by downward nominal wage rigidity, this relationship goes beyond the tradeoff between the first moments of...
Persistent link: https://www.econbiz.de/10012429726
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The link between regional temperature and regional income : econometric evidence with sub-national data
Greßer, Christina; Meierrieks, Daniel; Stadelmann, David - 2020
We study the effect of temperature on economic development on the sub-national level, employing cross-sectional data for up to 15,533 sub-national units from two distinct sources. In contrast to the existing cross-country literature on the temperature-income relationship, our setting allows us...
Persistent link: https://www.econbiz.de/10012200932
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Non-linear e¤ects of government spending shocks in the US : evidence from state-level data
Mumtaz, Haroon; Sunder-Plassmann, Laura - 2017
This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...
Persistent link: https://www.econbiz.de/10011773635
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Capital accumulation, green paradox, and stranded assets : an endogenous growth perspective
Jin, Wei; Zhang, ZhongXiang - 2018
The existing studies on Green Paradox and stranded assets focus on dirty exhaustible assets (fossil fuel reserves) and show that environmental regulations, by changing the costs of dirty inputs relative to clean ones, lead to replacements of the former by the latter and stranding of dirty assets...
Persistent link: https://www.econbiz.de/10011925670
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Natural resources, economic growth and geography
González-Val, Rafael; Pueyo, Fernando - 2018
In this paper we discuss the relationship between economic growth and natural resources at a global level, taking into account geography. With this aim, our model integrates elements of the theories of endogenous growth, natural resources and new economic geography. We find that an increase in...
Persistent link: https://www.econbiz.de/10011873113
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Existence and uniqueness of solutions to the Bellman equation in stochastic dynamic programming
Rincón-Zapatero, Juan Pablo - 2022 - This Version: March 7, 2022
Persistent link: https://www.econbiz.de/10013449090