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"While India is distinctive among developing countries for its fast-growing service sector, sceptics have raised doubts …
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We compare the recent economic performances of China and India using a simple growth accounting framework that produces … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …’s aggregate productivity growth. In contrast, 45 percent of the growth in India in the second sub-period came in services …
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"This paper uses the factor augmented regression framework to analyze the relation between bond excess returns and the macro economy. Using a panel of 131 monthly macroeconomic time series for the sample 1964:1-2007:12, we estimate 8 static factors by the method of asymptotic principal...
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"We introduce a novel method for estimating a monetary policy rule using macroeconomic news. We estimate directly the policy rule agents use to form their expectations by linking news' effects on forecasts of both economic conditions and monetary policy. Evidence between 1994 and 2007 indicates...
Persistent link: https://www.econbiz.de/10008688901
"Analyses of public policy regularly express certitude about the consequences of alternative policy choices. Yet policy predictions often are fragile, with conclusions resting on critical unsupported assumptions. Then the certitude of policy analysis is not credible. This paper develops a...
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