Showing 1 - 10 of 2,189
Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...
Persistent link: https://www.econbiz.de/10012317667
Persistent link: https://www.econbiz.de/10012060277
Persistent link: https://www.econbiz.de/10008651145
Persistent link: https://www.econbiz.de/10008748219
subject to self-fulfilling variations in the world real interest rate. Those expectation-driven changes in the borrowing cost … asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt … internationally. Such a stylized model thus offers one way to rationalize both the existence of world business-cycle factor documented …
Persistent link: https://www.econbiz.de/10011911509
Persistent link: https://www.econbiz.de/10011745548
Persistent link: https://www.econbiz.de/10011434370
We develop a dynamic factor model with time-varying parameters and stochastic volatility, estimate it with several variables for a large number of countries and decompose the variance of each variable in terms of contributions from uncertainty common to all countries (global uncertainty),...
Persistent link: https://www.econbiz.de/10011904508
Persistent link: https://www.econbiz.de/10011745507
Persistent link: https://www.econbiz.de/10003402958