Showing 1 - 10 of 468
During and after the Great Recession of 2008-09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more...
Persistent link: https://www.econbiz.de/10011873794
This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and discuss issues relevant to strengthening their surveillance...
Persistent link: https://www.econbiz.de/10009003650
Building on a Kaleckian-structuralist macroeconomic growth model this paper examines the impact of the interaction … between labor market gender equality and social reproduction (SR) or care provisioning, on economic growth across U.S. states … relationship between women's labor force participation rate (WLFPR) and state's per-capita growth rate across these regimes. The …
Persistent link: https://www.econbiz.de/10014581882
utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … growth rate of demand that matters, not the level of demand.The paper makes three contributions. First, following up on …
Persistent link: https://www.econbiz.de/10012208160
Building on a Kaleckian-structuralist macroeconomic growth model this paper examines the impact of the interaction … between labor market gender equality and social reproduction (SR) or care provisioning, on economic growth across U.S. states … relationship between women's labor force participation rate (WLFPR) and state's per-capita growth rate across these regimes. The …
Persistent link: https://www.econbiz.de/10014483502
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …, and country samples. In addressing causality, we find, first, significant growth effects of cognitive skills when …
Persistent link: https://www.econbiz.de/10003806721
This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within-industry innovation enhances domestic productivity, and domestic...
Persistent link: https://www.econbiz.de/10003854932
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth …-country distribution. Extensive sensitivity analyses of cross-country growth regressions generate remarkably stable results across … specifications, time periods, and country samples. In addressing causality, we find, first, significant growth effects of cognitive …
Persistent link: https://www.econbiz.de/10003920009
-run economic growth. Prior to the transition, women bore as many as eight children each, and the elasticity of fertility with …, and discuss an agenda for future work. -- Fertility transition ; long-run growth ; Malthusian models ; quantity …
Persistent link: https://www.econbiz.de/10008664560
declines. In this paper, we examine whether faster growth in the Hispanic population is linked to faster growth in income per … capita in rural areas and small towns. Our results indicate strong support for the hypothesis that Hispanic population growth … has fueled increased economic growth in those small, rural communities whose populations had been in decline during the …
Persistent link: https://www.econbiz.de/10003933583