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The illusion of the perpetual money machine

Cauwels, Peter; Sornette, Didier - 2012

We argue that the present crisis and stalling economy continuing since 2007 have clear origins, namely in the delusionary belief in the merits of policies based on a “perpetual money machine” type of thinking. Indeed, we document strong evidence that, since the early 1980s, consumption has...

Persistent link: https://www.econbiz.de/10009684129

Subdued Potential Growth : Sources and Remedies

Kilic Celik, Sinem - 2020

Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point...

Persistent link: https://www.econbiz.de/10012839370

The Macroeconomic Challenges of Scaling Up Aid to Africa

Gupta, Sanjeev - 2006

This paper surveys the economic literature on the scaling-up of aid to Africa. It provides a checklist of issues that need to be considered when preparing a long term macroeconomic projection for a country involving the assumption of a significant increase in aid. Such scaling-up scenarios are...

Persistent link: https://www.econbiz.de/10012780736

The impact of government policies on Nigeria economic growth (case of fiscal, monetary and trade policies)

Adegboyo, Olufemi Samuel; Keji, Sunday Anderu; Fasina, … - In: Future Business Journal 7 (2021), pp. 1-14

This study examines the impact of fiscal, monetary and trade policies on Nigerian economic growth from 1985 to 2020. This study adopts endogenous growth model (AK model) as its theoretical framework. The unit root test results reveal that there is mixed level of stationarity in the variables....

Persistent link: https://www.econbiz.de/10012668349

The effects of natural disasters on price stability in the euro area

Beirne, John; Dafermos, Yannis; Kriwoluzky, Alexander; … - 2021

country-specific structural vector autoregression (VAR) models by combining estimated damages of disaster events with monthly …

Persistent link: https://www.econbiz.de/10012671834

Covid-19 pandemic : overview of the fiscal policy response and macroeconomic developments in the Euro Area and the United States

Anastasatu, Marianthē; Anyfantaki, Sofia - In: Economic bulletin 57 (2023), pp. 47-65

Persistent link: https://www.econbiz.de/10014382749

Climate disaster risks : empirics and a multi-phase dynamic model

Mittnik, Stefan; Semmler, Willi; Haider, Alexander - In: Econometrics : open access journal 8 (2020) 3/33, pp. 1-27

effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically, the link between carbon dioxide emission and the frequency of climate related disaster …

Persistent link: https://www.econbiz.de/10012265443

The potential contribution of central banks to green finance

Breitenfellner, Andreas; Pointner, Wolfgang; Schuberth, … - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 2, pp. 51-54

Central banks and financial supervisors approach "green finance" mostly to preserve macroeconomic and financial stability according to their mandates. Obviously, climate change poses severe risks to households, firms and their financial intermediaries. These risks tend to be correlated and their...

Persistent link: https://www.econbiz.de/10012154795

Natural disasters and monetary policy : evidence from an augmented Taylor rule

Apergēs, Nikolaos; Payne, James E. - In: Journal of financial economic policy 14 (2022) 3, pp. 317-332

Persistent link: https://www.econbiz.de/10013287811

Macroeconomic Effects of Government Spending Shocks : New Evidence Using Natural Disaster Relief in Korea

Yang, Weonho - 2012

We investigate the macroeconomic effects of government spending shocks in Korea. We compare results obtained with two alternative approaches: the narrative approach and Structural Vector-Autoregressive model (SVAR). We propose a new methodology for identifying exogenous and unexpected fiscal...

Persistent link: https://www.econbiz.de/10013100013

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