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emerging countries, namely, those in Asia and Latin America. This study first documents that Asian economies are characterized …. First, the first three differences are mainly explained by a higher persistence of trend productivity shocks in Asia than in … Asia than in Latin America. We further provide data on policy regime changes and labor markets in both regions to explain …
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This paper analyzes the conduct and effects of macroprudential policy in 11 Asian economies. Of these, India, the People's Republic of China, and the Republic of Korea frequently used loan-to-value ratios and required reserve ratios even before the global financial crisis. India and the People's...
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This paper investigates the effects of macroeconomic uncertainty on economic growth in the presence of fiscal consolidation in South Africa. Markov-switching dynamic regression (MSDR) and time-varying parameter vector autoregression (TVP-VAR) were performed using time series data from 1994 to...
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