Showing 1 - 10 of 535
This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...
Persistent link: https://www.econbiz.de/10012912272
-term frictional unemployment across countries. The resulting evidence indicates that there is a robust, negative partial correlation … between national unemployment rates and the incidence of the digital economy, proxied by the share of the adult population … correlation between unemployment and the digital economy, which is due to the existence of a negative bivariate correlation …
Persistent link: https://www.econbiz.de/10012840289
developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current …
Persistent link: https://www.econbiz.de/10012975233
Credibility and transparency are at the core of the current debate about exchange rate regimes. The steady growth in the magnitude and variability of international capital flows has complicated the question of whether to use floating, fixed, or intermediate exchange rate regimes. Emerging market...
Persistent link: https://www.econbiz.de/10012746900
and developing economies' increased financial integration with the rest of the world. As a result, country …
Persistent link: https://www.econbiz.de/10012946754
This paper examines how fiscal rules, exchange rate regimes, and institutional quality affect the cyclical behavior of fiscal policy (how government spending responds to fluctuations in gross domestic product). The analysis is performed on a panel of 153 advanced, emerging, and developing...
Persistent link: https://www.econbiz.de/10012865083
A puzzle in the recently stagnated economy of Jamaica is that high rates of unemployment have persisted even when real … unemployment have existed with increasing real wages. This is a sign of a badly functioning labor market. The cross …
Persistent link: https://www.econbiz.de/10012747856
This paper explores the spillover effects of job losses via input linkages during the Great Recession. Exploiting exogenous variation in tradable employment shocks across U.S. counties, the paper finds that job losses in the tradable sectors cause further job losses in local supporting services....
Persistent link: https://www.econbiz.de/10012970228
This paper provides empirical evidence for the Keynesian demand-driven propagation: initial rounds of job losses lead to additional rounds of job losses. The paper shows that U.S. counties with higher pre-existing exposure to tradable industries experienced larger job losses in non-tradable...
Persistent link: https://www.econbiz.de/10012970760
This paper studies the incidence and determinants of episodes of drastic unemployment reduction, defined as swift …, substantial, and sustained declines in unemployment. Forty-three episodes are identified over a period of nearly three decades in … 94 rich, middle-income, and transition countries. Unemployment reductions often coincide with an acceleration of growth …
Persistent link: https://www.econbiz.de/10012973182