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Europe, where to?
Ioan-Franc, Valeriu; Pop, Napoleon; Diamescu, Andrei Marius - In: Amfiteatru economic : an economic and business research … 25 (2023) 63, pp. 610-624
The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...
Persistent link: https://www.econbiz.de/10014464256
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Supply-Demand Analysis of Inflationary Economic Growth
Fox, Gerald T. - 2007
inflation and real economic growth, since this conventional model focuses instead directly upon real output and the aggregate …
Persistent link: https://www.econbiz.de/10012729690
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The Effect of Credit Supply Shocks on Economic Activity - The Interwar Period
Wojnilower, Joshua - 2019
There is little question that financial factors played a role in the amplification and extension of shocks during the Great Depression. The specific mechanisms through which financial factors affected real economic activity, as well as their timing and extent, nevertheless remain a source of...
Persistent link: https://www.econbiz.de/10012900181
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Time Variation in Macro-Financial Linkages
Prieto, Esteban - 2016
We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...
Persistent link: https://www.econbiz.de/10012988788
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Time variation in macro-financial linkages
Prieto, Esteban; Eickmeier, Sandra; Marcellino, Massimiliano - 2013
We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...
Persistent link: https://www.econbiz.de/10009739598
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Monetary Policy, Trend Inflation, and the Great Moderation : An Alternative Interpretation
Gorodnichenko, Yuriy; Coibion, Olivier - 2009
With positive trend inflation, the Taylor principle is not enough to guarantee a determinate equilibrium. We provide … new theoretical results on restoring determinacy in New Keynesian models with positive trend inflation and combine these … variables and the decline in trend inflation during the Volcker disinflation …
Persistent link: https://www.econbiz.de/10014201193
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Moderate Inflation and the Deflation-Depression Link
Benhabib, Jess - 2007
In a recent paper, Atkeson and Kehoe (2004) demonstrated the lack of a robust empirical relationship between inflation … relationship by allowing for inflation and growth to have a nonlinear specification dependent on inflation levels. In particular …, we allow for the possibility that high inflation is negatively correlated with growth, while a positive relationship …
Persistent link: https://www.econbiz.de/10012729476
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Global and Domestic Shocks on Inflation and Economic Growth and Membership Expansion in the GCC Bloc
Kim, Won Joong - 2012
in the economic growth and inflation of each actual and potential GCC members. It finally analyzes the similarities in … economic growth and inflation among GCC countries after controlling for different global and country-specific shocks. The … results suggest that the overall CPI inflation rates of Kuwait, Oman, Saudi Arabia and Jordan are highly and positively …
Persistent link: https://www.econbiz.de/10013100699
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How to reverse a negative asymmetric labor productivity shock in the European Union? : a directed technical change analysis with fiscal and monetary policies
Afonso, Oscar; Pinho, Mafalda - In: Mathematical social sciences 116 (2022), pp. 47-67
Persistent link: https://www.econbiz.de/10013281328
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Trend growth and the dynamic effects of government spending
Tesfaselassie, Mewael F. - 2011
The paper studies the macroeconomic effects of government spending shocks in an economy characterized by positive trend growth. It shows that the lower is the trend growth rate the less inflationary are government spending shocks and vice versa. Moreover, on impact output is higher but exhibits...
Persistent link: https://www.econbiz.de/10008821669