Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish … responses to the growth slowdown in EM. It reports three main results. First, the slowdown is synchronous and protracted … productivity growth, bouts of policy uncertainty, and an erosion of policy buffers. Both structural and cyclical factors have …

. Instead, "discipline-guided" fiscal rules such as the Stability and Growth Pact or the Fiscal Compact in the Eurozone always …

conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank … profitability. However, the estimated conditional distributions reveal that, while higher growth would raise profits on average, a …

The paper analyses the way in which monetary and fiscal policy influences the performances of economic growth. The …