Showing 1 - 10 of 185
This article explores the role of trend shocks in explaining the specificities of business cycles in Sub-Saharan African (SSA) countries using the methodology introduced by Aguiar and Gopinath (2007) [Emerging Market Business Cycles: The Cycle Is the Trend Journal of Political Economy 115(1)]....
Persistent link: https://www.econbiz.de/10008793580
A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
This paper analyses the business cycle properties of 150 time series, including real and monetary variables, relevant to the regional economy. Following the methodology adopted by Altissimo, Marchetti and Oneto (2000), we propose new monthly coincident and leading composite indicators for the...
Persistent link: https://www.econbiz.de/10005113679
Italian Abstract: A tre anni di distanza dagli eventi della Primavera Araba, i 5 paesi del nord Africa – Algeria …
Persistent link: https://www.econbiz.de/10014138116
Questo lavoro analizza l’efficacia relativa di due possibili contesti di riferimento della futura azione di politica economica in ambito europeo in termini di obiettivi di stabilizzazione: il primo, caratterizzato dall’attuale architettura istituzionale e il secondo, da un sistema fiscale di...
Persistent link: https://www.econbiz.de/10008547054
Il lavoro propone un’analisi comparata dell’andamento dei principali aggregati macroeconomici, reali e creditizi, nonché delle reazioni della politica monetaria in occasione delle più gravi recessioni attraversate dall’economia italiana. L’indagine, di tipo descrittivo, si concentra...
Persistent link: https://www.econbiz.de/10008682850
We study monetary policy in a New Keynesian (NK) model with endogenous growth and knowledge spillovers external to each … firm. We find the following results: (i) technology and government spending shocks have different effects on growth; (ii …) disinflationary monetary policies entail positive effects on growth; (iii) the optimal long-run inflation rate is zero; (iv) the …
Persistent link: https://www.econbiz.de/10009651047
GDP or provincial value-added growth. …
Persistent link: https://www.econbiz.de/10009651053
GDP or provincial valueadded growth. …
Persistent link: https://www.econbiz.de/10009651054
them to maintain the systematic current account surpluses through which they stimulate their GDP growth and by means of … continuation of its growth. It is preparing to substitute the United States as a major engine of world economy. At the same time it …
Persistent link: https://www.econbiz.de/10008632926