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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
point of view of shock symmetry. I first point out a serious problem of the existing studies which use the VAR method with … same structural shock are not necessarily consistent across the countries. This means that the high (low) correlations of …
Persistent link: https://www.econbiz.de/10013082223