Showing 1 - 10 of 16,188
Persistent link: https://www.econbiz.de/10014316021
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …
Persistent link: https://www.econbiz.de/10012064688
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …, including global growth, global oil prices, and global financial volatility. After accounting for the effects global shocks, we …
Persistent link: https://www.econbiz.de/10011754881
Despite the large output declines suffered by emerging Europe in 2008-09, a major currency and banking crisis was avoided. This paper argues that European economic and political integration was a mitigating factor in this. Cross-border banking groups, in particular, seem to have forestalled a...
Persistent link: https://www.econbiz.de/10013148962
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we … will thus provide Marxian and Kaleckian assessments of the distribution and growth regimes under finance …
Persistent link: https://www.econbiz.de/10011790517
(US) and the European Union (EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent … to which a country can absorb or counteract external shocks and at the same time promote economic growth. The main …
Persistent link: https://www.econbiz.de/10013088233
This paper compares Denmark's growth performance to that of the other 18 non-Eurozone OECD economies during 2008 … as part of an inflation-targeting framework. At the same time, Denmark is one of the worst growth performers during 2008 … performance. Aggressive monetary policy during 2008-09 is an important predictor of economic growth during 2008-12; and Denmark …
Persistent link: https://www.econbiz.de/10013054162
Paths into the Asian Crisis of 1997-98 and the recent global financial crisis were similar, but the roads out could not be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF recommended stimulus in the case of the advanced nations...
Persistent link: https://www.econbiz.de/10013060791
-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions … affect growth through their interaction with crises. The results suggest that only countries with strong democracies, high … opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …
Persistent link: https://www.econbiz.de/10003778791