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Dysfunctional Finance : Positive Shocks and Negative Outcomes
Hoff, Karla - 2017
This paper shows how badly a market economy may respond to a positive productivity shock in an environment with … productivity shock, the presence of enough bad type's forces the interest rate so high that it drives all entrepreneurs out of the …
Persistent link: https://www.econbiz.de/10012976722
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Simulating the Poverty Impact of Macroeconomic Shocks and Policies
Essama-Nssah, B. - 2006
Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
Persistent link: https://www.econbiz.de/10012783436
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Poverty Impact of Food Price Shocks and Policies
Laborde, David - 2019
In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countries can succeed at insulating their domestic...
Persistent link: https://www.econbiz.de/10012892747
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Effects of Fiscal Policy Shocks in an Open Economy : Evidence from Canada
Tsoungui Belinga, Vincent De Paul - 2017
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada following the recession started with an expansionary phase...
Persistent link: https://www.econbiz.de/10012969405
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Economic Shocks and Subjective Well-Being : Evidence from a Quasi-Experiment
Hariri, Jacob Gerner - 2017
sudden and unanticipated currency devaluation in Botswana as a quasi-experiment, the article examines how this monetary shock …
Persistent link: https://www.econbiz.de/10012972052
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Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms'Credit Availability
Berg, Gunhild - 2017
domestic demand. Therefore, a pure supply side shock con be contrasted with a real economy shock that hit exactly when the bank …'s funding position strengthened again. The paper finds that during the funding shock (potential) borrowers are discouraged from … shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably …
Persistent link: https://www.econbiz.de/10012975306
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Macroeconomic Effects of Terms-of-Trade Shocks : The Case of Oil-Exporting Countries
Spatafora, Nikola - 2017
The authors investigate the impact on economic growth and development of long-run movements in the external terms of trade, with special reference to the experience of 18 oil-exporting countries between 1973 and 1989. They argue that this sample approximates a controlled experiment for examining...
Persistent link: https://www.econbiz.de/10012746912
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When Instability Increases the Effectiveness of Aid Projects
Guillaumont, Patrick - 2016
The authors assess the effect of economic instability on the success of projects funded by the World Bank using the outcome of the projects, which is a notation of their overall success determined by the Bank's Independent Evaluation Group. It has been argued in macroeconomic studies that aid...
Persistent link: https://www.econbiz.de/10012747949
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Unconventional Monetary Policy Normalization in High-Income Countries : Implications for Emerging Market Capital Flows and Crisis Risks
Burns, Andrew - 2017
As the recovery in high-income countries firms amid a gradual withdrawal of extraordinary monetary stimulus, developing countries can expect stronger demand for their exports as global trade regains momentum, but also rising interest rates and potentially weaker capital inflows. This paper...
Persistent link: https://www.econbiz.de/10012973348
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Money Demand in the Arab Republic of Egypt : A Vector Equilibrium Correction Model
Rostom, Ahmed - 2017
Money demand is critical for defining monetary policy options and is not driven necessarily by developed country standards of transaction demand, speculation motive, and opportunity costs grounded by fully functioning financial markets. However, market imperfections in less developed economies...
Persistent link: https://www.econbiz.de/10012968770