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We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US between 2008 and 2016. Using monetary policy surprises, obtained from changes in interest rates futures in narrow windows around FOMC announcements, we isolate the increased...
Persistent link: https://www.econbiz.de/10011975741
This paper examines the impacts of banking market structure and regulation on economic growth using new data on banking … market concentration and manufacturing industry-level growth rates for U.S. states during 1899-1929 — a period when the … on manufacturing sector growth in the early twentieth century United States, with a somewhat stronger impact on …
Persistent link: https://www.econbiz.de/10013115288
part of the significant shift in the cross-sectional distribution of state-sectoral output growth rates since the mid -1980 …s. The time profile of the V-Factor appears to be closely related to trade liberalization. -- Economic Growth ; factor …
Persistent link: https://www.econbiz.de/10003809921
The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic … reduces growth and welfare …
Persistent link: https://www.econbiz.de/10011782639
behind slow productivity growth in Canada in the second half of the 1990s, in marked contrast to the acceleration of … concludes that the balance of evidence now favours an acceleration of trend labour productivity growth to the 2-2.5 per cent per …
Persistent link: https://www.econbiz.de/10005518977
. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …
Persistent link: https://www.econbiz.de/10010426361
This paper employs a two-country New Keynesian DSGE model to assess the macroeconomic impact of the changes in monetary policy frameworks and the fiscal support in the U.S. and euro area during the pandemic. Moving from a previous target of “below, but close to 2 percent” to a formal...
Persistent link: https://www.econbiz.de/10014237881
area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …
Persistent link: https://www.econbiz.de/10010426362
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