Similar Search Results

Re-examining the role of financial constraints in business cycles : is something wrong with the credit multiplier?

Olivella, Virginia; Roldán-Peña, Jessica - 2013

Motivated by the apparent failure of the credit multiplier mechanism (CM) to deliver amplification in DSGE models, we …

Persistent link: https://www.econbiz.de/10009762039

Why Are Fiscal Multipliers Asymmetric? The Role of Credit Constraints

McManus, Richard - 2018

Recent empirical evidence strongly points to the state-dependence of fiscal multipliers which are larger in recessions than in expansions. Yet, standard business cycle models face great difficulty in producing such asymmetric fiscal policy effects. By incorporating endogenously binding...

Persistent link: https://www.econbiz.de/10012909912

Is the relationship between financial development and economic growth monotonic? : evidence from a sample of middle-income countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - In: World development : the multi-disciplinary … 68 (2015), pp. 66-81

Persistent link: https://www.econbiz.de/10011339877

Is the relationship between financial development and economic growth monotonic? : evidence from a sample of middle income countries

Samargandi, Nahla; Fidrmuc, Jan; Ghosh, Sugata - 2014

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...

Persistent link: https://www.econbiz.de/10010340261

The dynamics of finance-growth nexus in advanced economies

Swamy, Vighneswara; Dharani, M. - In: International review of economics & finance : IREF 64 (2019), pp. 122-146

Persistent link: https://www.econbiz.de/10012322290

The tipping point of financial development? : evidence from OECD countries

Swamy, Vighneswara; Dharani, M. - In: International economics and economic policy : IEEP 17 (2020) 1, pp. 125-165

Persistent link: https://www.econbiz.de/10012223898

The relationship between financial development and growth : the case of emerging Europe

Ciarlone, Alessio - 2019

Persistent link: https://www.econbiz.de/10012165259

Price effects in the short and in the long run

Dragone, Davide; Vanin, Paolo - 2015

We study a broad class of dynamic consumer problems and characterize the short and long-run response of the demand for a good to a permanent increase in its market price. Such response can be non-monotonic over time, and the short and long-run price-elasticity of demand may have opposite sign....

Persistent link: https://www.econbiz.de/10011713794

Investing in lagging regions is efficient : a local multipliers analysis of U.S. cities

Dijk, Jasper J. van - 2015

same city with a simple model. The model predicts a significant positive local employment multiplier that increases in size … city with 3.7% unemployment the average local employment multiplier is 0.91 for current inhabitants and 0.60 for migrants …. And in a city with 8.4% unemployment the average local employment multiplier is 1.82 for current inhabitants and 0.23 for …

Persistent link: https://www.econbiz.de/10011484444

Fiscal policy dynamics under a consolidation constraint : evidence from a sign-restricted SVAR with orthogonalized business cycle and monetary policy for Australia

Inchauspe, Julian - In: Applied economics 53 (2021) 34, pp. 3992-4016

Persistent link: https://www.econbiz.de/10012589552

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