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Capital Misallocation and Secular Stagnation

Caggese, Andrea - 2018

The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth—even when these technologies replaced considerably less productive tangible technologies—because of low interest rates. After a shift toward intangible capital in production, the...

Persistent link: https://www.econbiz.de/10012934731

The Global Rise of Asset Prices and the Decline of the Labor Share

González, Ignacio - 2019

The labor income share has been decreasing across countries since the early 1980s, sparking a growing literature about the causes of this trend (Karabarbounis and Neiman, 2014; Piketty and Zucman, 2014; among many others). At the same time, there has been a steady increase in asset prices. We build a...

Persistent link: https://www.econbiz.de/10012901922

Capital, Finance, and Trade Collapse

Jiao, Yang - 2012

This paper proposes a model of international trade with capital accumulation and financial intermediation. This is achieved by embedding the Melitz (2003) model into an incomplete-markets neoclassical framework with an endogenous credit market. The model preserves the analytical tractability of...

Persistent link: https://www.econbiz.de/10013109531

Global Recession to Global Recovery : Macro and Micro Dynamics of Trade, Finance and Investment

Chugan, Pawan K. - 2012

and Investment: In this backdrop, this book contains selected papers from over 200 papers presented at the 15thNirma … of management education primarily dealing with issues of economics, finance, banking, global trade & investment, WTO and …

Persistent link: https://www.econbiz.de/10013110884

Safe Asset Demand, Global Capital Flows and Wealth Concentration

Kim, Taehoon - 2022

The US economy is often referred to as the “banker to the world,” due to its unique role in supplying global reserve … assets and funding foreign risky investment. This paper develops a general equilibrium model to analyze and quantify the …

Persistent link: https://www.econbiz.de/10013306735

Financial and Macroeconomic Implications : Stock Market Liberalizations

Funke, Norbert - 2021

development. We find that liberalization is associated with a short-term increase in real private investment growth of about 14 …

Persistent link: https://www.econbiz.de/10013211945

Capital deaccumulation and the large persistent effects of financial crises

Knowles, Matthew - 2023

investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises … that are followed by more persistent output slumps are associated with particularly large initial drops in investment. I … for investing entrepreneurs. This leads to a drop in investment and a very persistent slump in output and employment …

Persistent link: https://www.econbiz.de/10014233623

Pandemic Crises in Financial Systems : A Simulation-Model to Complement Stress-Testing Frameworks

Idier, Julien - 2017

We propose in this paper a simulation framework of pandemic in financial system composed of banks, asset markets and interbank markets. This framework aims at complementing the usual stress-test strategies that evaluate the impact of shocks on individual balance-sheets without taking into...

Persistent link: https://www.econbiz.de/10012963082

The political economy of financial systems

Haber, Stephen H.; Perotti, Enrico C. - 2008

This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Persistent link: https://www.econbiz.de/10011374399

Summary of the conference of 27 May "Promoting financial integration in Africa"

Guérineau, Samuel; Jacolin, Luc - In: Banque de France bulletin / Quarterly selection of articles 35 (2014), pp. 97-105

Persistent link: https://www.econbiz.de/10011456926