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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three "economic arrows" targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows...
Persistent link: https://www.econbiz.de/10012171656
This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial crises characterized by a sudden stopʺ in net capital inflows in developing and emerging market economies. We investigate 83 sudden stop crises in 77 countries over 1982-2003...
Persistent link: https://www.econbiz.de/10003855118
thus differs from the long-run result; while government spending continues to drive economic growth in Nigeria, government … impels growth of the economy while money supply deters growth of Nigeria's economy; lastly, the trade policies maintain her …
Persistent link: https://www.econbiz.de/10012668349
This paper investigates the effect of cyclical macroeconomic policy and financial sector characteristics on growth. Using cross-country, cross-industry OECD data, it yields two main findings. First, countercyclical fiscal and monetary policies foster growth disproportionately in more...
Persistent link: https://www.econbiz.de/10013058584
Chapter 1. Introduction -- Chapter 2. Trends in Growth since the GFC -- Chapter 3. Credit, Employment and the Current Account -- Chapter 4. Capital Formation and Foreign Investment -- Chapter 5. Inflation and Monetary Developments -- Chapter 6. Policy and Analyses Chapter -- 7. Reflexive, not...
Persistent link: https://www.econbiz.de/10013203515
The recent recovery in Latin America has been impressive but also raises the question whether this represents a fundamental break with the region's history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and financial crisis over the past century has adversely...
Persistent link: https://www.econbiz.de/10012779706
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and economic growth in South Africa. By using data collected from 1970 to 2016 applied to a smooth transition regression (STR) model, we are able to prove that the exchange...
Persistent link: https://www.econbiz.de/10011870188
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10014151193
investigated the effectiveness of fiscal-monetary policy interactions on real output growth in Nigeria between 1999 and 2016. The … found that fiscal-monetary policy interactions have significant but negative impact on real GDP in Nigeria for the period … achieving economic growth in Nigeria. It is therefore recommended that, in order to put Nigerian economy on the path of …
Persistent link: https://www.econbiz.de/10013314576
Persistent link: https://www.econbiz.de/10012225973