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Barro, Robert J. - 2022

In a world of integrated capital markets, the price of credit — which I measure by short-term expected real interest … rates — is determined to equate the world aggregate of investment demand to the world aggregate of desired national saving …. I implement this approach empirically by approximating the world by aggregates for ten major developed countries. For …

Persistent link: https://www.econbiz.de/10013309346

IMF Programs : Who is Chosen and What are the Effects?

Barro, Robert J.; Lee, Jong-Wha - 2021

IMF lending practices respond to economic conditions but are also sensitive to political-economy variables. Specifically, the sizes and frequencies of loans are influenced by a country's presence at the Fund, as measured by the country's share of quotas and professional staff. IMF lending is...

Persistent link: https://www.econbiz.de/10013310805

Religious Conversion across Countries

Barro, Robert J.; McCleary, Rachel M. - National Bureau of Economic Research - 2024

In a rational-choice approach to religious conversion, the conversion rate depends on a person's costs of switching religions and costs of having one's religion deviate from the type viewed as ideal. The International Social Survey Programme (ISSP) waves for 1991, 1998, 2008, and 2018 allow for...

Persistent link: https://www.econbiz.de/10014468246

Economic growth and convergence

Barro, Robert J. - 1994

Persistent link: https://www.econbiz.de/10013418722

Rare Macroeconomic Disasters

Barro, Robert J.; Ursúa, José F. - 2012

The potential for rare macroeconomic disasters may explain an array of asset-pricing puzzles. Our empirical studies of these extreme events rely on long-term data now covering 28 countries for consumption and 40 for GDP. A baseline model calibrated with observed peak-to-trough disaster sizes...

Persistent link: https://www.econbiz.de/10014166130

International Comparisons of Educational Attainment

Barro, Robert J.; Lee, Jong-Wha - 2021

Many theories of economic growth stress the role of human capital in the form of education, but empirical studies have been hampered by inadequate data. We describe a data set on educational attainment that we have constructed for 129 countries over five-year periods from 1960-1985. We use...

Persistent link: https://www.econbiz.de/10013227046

Losers and Winners in Economic Growth

Barro, Robert J.; Lee, Jong-Wha - 2021

For 116 countries from 1965 to 1985, the lowest quintile had an average growth rate of real per capita GDP of -1.3%, whereas the highest quintile had an average of 4.8%. We isolate five influences that discriminate reasonably well between the slow and fast-growers: a conditional convergence...

Persistent link: https://www.econbiz.de/10013228247

Crises and Recoveries in an Empirical Model of Consumption Disasters

Nakamura, Emi - 2013

We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for 24 countries and more than 100 years, and study its implications for asset prices. The model allows for permanent and transitory effects of disasters that unfold over multiple...

Persistent link: https://www.econbiz.de/10013094829

Currency unions

Alesina, Alberto (contributor); Barro, Robert J. (contributor) - 2001

This book brings together a diverse group of experts on international monetary policy to examine the basic conceptual issues of currency unions and other monetary regimes, including flexible and fixed exchange rates, and assess the available empirical evidence on the performance of these...

Persistent link: https://www.econbiz.de/10012672414