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In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...
Persistent link: https://www.econbiz.de/10012859859
This study investigates a comparative study on the threshold effects of inflation on financial sector development (FSD) between the Economic Community of West African States (ECOWAS) and the Southern Africa Development Community (SADC) for the period 1980-2011. Using a novel panel smooth...
Persistent link: https://www.econbiz.de/10012219542
Macroprudential policy mainly aims to enhance financial stability and reduce the possibility of costly financial crises. However, to achieve this, macroprudential policy decisions may have some unintended side effects on economic growth. The paper provides an empirical framework for...
Persistent link: https://www.econbiz.de/10014581555
channel of monetary policy in Turkey. Using bank level quarterly data over the period 2002-2012 a dynamic panel model is … estimated. Our sample accounts for 53 banks that have been active in Turkey during the period. To deal with the potential … endogeneity between risk and bank specific characteristics, which are explanatory variables in our model, the GMM estimator …
Persistent link: https://www.econbiz.de/10010837135
This paper studies the role of banking sector in monetary policy transmission in Turkey covering the period 1988 …
Persistent link: https://www.econbiz.de/10010837141
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 transition countries over the 1990-2003 period; it uses a fixed effects, full-information maximum likelihood, panel approach to account for possible bias from correlations among...
Persistent link: https://www.econbiz.de/10003785297
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 transition countries over the 1990-2003 period; it uses a fixed effects panel approach to account for possible bias from correlations among the unobserved effects and the observed...
Persistent link: https://www.econbiz.de/10003873058
Persistent link: https://www.econbiz.de/10011966210
Persistent link: https://www.econbiz.de/10010411738
Persistent link: https://www.econbiz.de/10008905190