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This study uses cointegration, and innovation accounting analysis to examine the volatility and extent of the short …
Persistent link: https://www.econbiz.de/10012963660
Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in … definition of a price shock that allows us to determine whether the response of per capita Gross domestic product (GDP) growth in …
Persistent link: https://www.econbiz.de/10013044080
Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in …
Persistent link: https://www.econbiz.de/10012980042
A central question for monetary policy is how asset prices respond to a monetary policy shock. We provide evidence on … restrictions. The impulse responses show a positive asset price response to a contractionary monetary policy shock. The resulting …
Persistent link: https://www.econbiz.de/10011563120
Persistent link: https://www.econbiz.de/10012423688
This study examines business cycle fluctuations in selected Sub-Saharan African (SSA) countries. The study measures the impact of selected real shocks, namely: terms of trade shocks, commodity price shocks, and government spending shocks, on macroeconomic fluctuations in SSA. The impact of the...
Persistent link: https://www.econbiz.de/10012668468
This paper examines the connections of structural change and economic openness to labour productivity growth using a panel data set of 41 countries in sub-Saharan Africa for the period 1991-2015. A dynamic panel model of cross-country productivity growth is estimated using the least squares with...
Persistent link: https://www.econbiz.de/10012161276
Using data collected from pan-African banks' (PABs), balance sheets and other sources (Orbis, Fitch), this study identifies some key patterns of cross-border investment in bank subsidiaries by key banking groups in sub-Saharan Africa (SSA) and discusses some of the determinants of this...
Persistent link: https://www.econbiz.de/10012865119
Persistent link: https://www.econbiz.de/10012311199
This paper examines the historical pattern of aggregate demand and supply shocks in several European Monetary System countries in order to assess the desirability of monetary union. Countries with similar patterns of shocks are presumably better candidates for monetary union than those hit by...
Persistent link: https://www.econbiz.de/10014048884