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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
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/10008905190
Persistent link: https://www.econbiz.de/10008905207
In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...
Persistent link: https://www.econbiz.de/10010403730
This paper explores the determinants of profitability across large euro area banks using a novel approach based on 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...
Persistent link: https://www.econbiz.de/10012843521