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Is secular stagnation—a period of persistently lower growth such as that seen following the financial crisis of 2008-09—a valid concern for euro-area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest...
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The primary reason of this study is to test real interest rate and its impact on investment to the extent of Pakistan … span from 1964 to 2012. To test the long-term nexus among level of income, interest rate and investment mainly Johansen … Cointegration test is employed. The hypothesis of this study is that investment has an inverse association with real interest rate …
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In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...
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