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Foreign capital, inflation, sterilization, crowding-out and growth : some illustrative models
Singh, Nirvikar; Srinivasan, Thirukodikaval N. - 2004
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
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International financial integration : too much?
Taşdemir, Fatma - In: Borsa Istanbul Review 23 (2023) 2, pp. 402-411
According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO … on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes … to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial …
Persistent link: https://www.econbiz.de/10014307771
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Financial liberalization, growth, productivity and capital accumulation : the case of European integration
Gehringer, Agnieszka - 2012
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from … financial integration on country groups within the EU. -- Financial integration ; economic growth ; productivity ; European …
Persistent link: https://www.econbiz.de/10009510726
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Financial liberalization, growth, productivity and capital accumulation : the case of European integration
Gehringer, Agnieszka - 2012
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10011374352
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Financial Liberalization, Growth, Productivity and Capital Accumulation : The Case of European Integration
Gehringer, Agnieszka - 2012
that formal aspects of financial openness generate a strongly positive impact on economic growth and its sources …, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10013108975
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Explaining International Business Cycle Synchronization : Recursive Preferences and the Terms of Trade Channel
Kollmann, Robert - 2017
The business cycles of advanced economies are synchronized. Standard macro models fail to explain that fact. This paper presents a simple model of a two-country, two-traded-good, complete-financial-markets world in which country-specific productivity shocks generate business cycles that are...
Persistent link: https://www.econbiz.de/10012960598
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Explaining International Business Cycle Synchronization : Recursive Preferences and the Terms of Trade Channel
Kollmann, Robert - 2017
The business cycles of advanced economies are synchronized. Standard macro models fail to explain that fact. This paper presents a simple model of a two-country, two-traded good, complete-financial-markets world in which country-specific productivity shocks generate business cycles that are...
Persistent link: https://www.econbiz.de/10014121891
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Chapter 9. Assessing International Efficiency
Heathcote, Jonathan; Perri, Fabrizio - In: Handbook of international economics : Volume 4, (pp. 523-584). 2014
systematic relation between fast growth and preference for delayed consumption. The third part applies the methodology to the …
Persistent link: https://www.econbiz.de/10014025377
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Financial openness and business cycle volatility
Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002
the link between business cycle volatility and financial openness has not been stable over time. … the framework of a new open economy macro-model, we show that the link between financial openness and business cycle … volatility depends on the nature of the underlying shock. Empirical evidence supports this conclusion. Our results also show that …
Persistent link: https://www.econbiz.de/10011475038
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Business cycle volatility in Germany
Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and … structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the …
Persistent link: https://www.econbiz.de/10011475861