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Persistent link: https://www.econbiz.de/10010198100
The study is an attempt to explore the impact of inflation and income inequality in Pakistan. The study also analyzes …, respectively. The cointegration test results confirmed growth increasing impact of income inequality in Pakistan. Foreign direct … investment, remittances and manufacturing valued added are found to have positives and significant impact on growth in Pakistan …
Persistent link: https://www.econbiz.de/10013053756
In this paper we derive a microfounded macro New Keynesian model for open economies, be them large or small. We consider habit formation in consumption, sectoral linkages, domestic and foreign governments, tradable and non-tradable final and intermediate goods and imperfect pass-through in these...
Persistent link: https://www.econbiz.de/10011622335
In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...
Persistent link: https://www.econbiz.de/10011663628
Studies on the finance-growth link use different proxy variables for financial development. Among the most used is the total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator. Total credit share in the GDP appears biased in...
Persistent link: https://www.econbiz.de/10012175688
This paper estimates the tail risks of consumer price inflation in India using a quantile regression framework. It examines the impact of various domestic and global macroeconomic factors, along with the role of inflation targeting (IT) in reducing the inflation tail risks as well as the shifts...
Persistent link: https://www.econbiz.de/10014349391
In this paper, first, six micro (4) and macro (2) estimation approaches are briefly described; they are the National Accounts Statistics discrepancy method and two new micro survey methods, a third one using a combination of company manager surveys and their knowledge to calibrate the size of the...
Persistent link: https://www.econbiz.de/10012692218
In addition to privatization, marketization, liberalization and pragmatization, monetization has been argued as the fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money supply or interest rate are to affect macroeconomic...
Persistent link: https://www.econbiz.de/10013011160
A disagreement has emerged over whether advanced countries such as Britain engaged in financial repression following the Second World War. A review of the historical and archival evidence identifies eleven pieces of British legislation and sixteen directives that supported financial repression...
Persistent link: https://www.econbiz.de/10012955723
This paper compiles alternative estimates of underground economies in twenty five transition countries during the transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures (which in varying degrees now include non-transparent...
Persistent link: https://www.econbiz.de/10012989354