Showing 1 - 10 of 78
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10012507652
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10013240933
Climate change poses an existential threat to the global economy. While there is a growing body of literature on the economic consequences of climate change, research on the link between climate change and sovereign default risk is nonexistent. We aim to fill this gap in the literature by...
Persistent link: https://www.econbiz.de/10013252051
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10012504452
We construct a growth model with an explicit government role, where more government resources reduce the optimal level …-2008, we use different proxies for government size and institutional quality. Our results, consistent with the presented growth … model, show a negative effect of the size of government on growth. Similarly, institutional quality has a positive impact on …
Persistent link: https://www.econbiz.de/10011605444
financial crises affect growth. We find that economic growth is lower in the presence of more volatile fiscal policy. Moreover …
Persistent link: https://www.econbiz.de/10010533736
We study the relevance of fiscal rules for growth in an EU panel. Our results show that they foster growth, while … stricter fiscal rules mitigate the adverse impact on growth from big governments. Moreover, more recent EU member states have …
Persistent link: https://www.econbiz.de/10010533737
This paper describes a new database of major labor and product market reforms covering 26advanced economies over the period 1970-2013. The focus is on large changes in product marketregulation in seven individual network industries, employment protection legislation for regularand temporary...
Persistent link: https://www.econbiz.de/10012928014
Climate change is the defining challenge of our time with complex and evolving dynamics. The effects of climate change on economic output and financial stability have received considerable attention, but there has been much less focus on the relationship between climate change and income...
Persistent link: https://www.econbiz.de/10014082660
We assess the fiscal composition-growth nexus, using a large country panel, accounting for the usually encountered … econometric pitfalls. Our results show that revenues have no significant impact on growth whereas expenditures have negative … effects. The same is true for the OECD with the addition that government revenue has a negative impact on growth. From our …
Persistent link: https://www.econbiz.de/10011605563