This paper studies the influence of external financial factors on economic activity in emerging economies (EMEs … of corporate bonds issued in foreign capital markets, and its relationship with economic activity is examined. Results … show that the indicator has considerable predictive power on future economic activity. Furthermore, an identified adverse …

This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees … stable increase in economic activity of 0.9 percent in countries with higher institutional quality. In contrast, for …