This paper utilizes parametric shared-frailty model to examine nine developed countries' expansion periods. Trade factors and monetary variables, at different time horizons, are seen to have significant effects on an economy's reoccurring recovery time. Consistent with previous literatures,...

"Providing a broad overview of the impact of Covid-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises. Raghbendra Jha expertly introduces the subject, highlighting the...

Using panel data from 2004 to 2012, we employ a two-step system GMM estimation technique, with robust standard errors, collapsed instruments and illus-trate marginal effects of central bank independence on financial development in Africa. We also examine the moderating roles of human capital,...