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Long-run growth uncertainty
Kuang, Pei; Mitra, Kaushik - 2016
Observed macroeconomic forecasts display gradual recognition of the long-run growth of endogenous variables (e.g. output, output per hour) and a positive correlation between long-run growth expectations and cyclical activities. Existing business cycle models appear inconsistent with the...
Persistent link: https://www.econbiz.de/10012010392
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Long-run growth uncertainty
Kuang, Pei; Mitra, Kaushik - In: Journal of monetary economics 79 (2016), pp. 67-80
Persistent link: https://www.econbiz.de/10011709332
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Inflation and Output Growth Uncertainty in Individual Survey Expectations
Paloviita, Maritta - 2014
This paper studies uncertainty using the ECB Survey of Professional Forecasters' data. We consider both inflation and real GDP growth forecasts at the micro level and explore forecast uncertainty using two alternative measures, i.e. conventional standard deviation of individual point forecasts...
Persistent link: https://www.econbiz.de/10013064553
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Assessing international efficiency
Heathcote, Jonathan; Perri, Fabrizio - 2013 - This version: April, 2013
Persistent link: https://www.econbiz.de/10011814230
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Consumption risk-sharing and the real exchange rate : why does the nominal exchange rate make such a difference?
Devereux, Michael B.; Hnatkovska, Viktoria - 2011
Persistent link: https://www.econbiz.de/10009268895
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Consumption Risk-Sharing and the Real Exchange Rate : Why does the Nominal Exchange Rate Make Such a Difference?
Devereux, Michael B. - 2011
A basic prediction of effcient risk-sharing is that relative consumption growth rates across countries or regions …, employing a newly constructed multi-country and multi-regional data set. Within countries, we find signifcant evidence for risk …. We identify this failure of risk sharing as a border effect. We find that the border effect is substantially (but not …
Persistent link: https://www.econbiz.de/10012461369
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Chapter 9. Assessing International Efficiency
Heathcote, Jonathan; Perri, Fabrizio - In: Handbook of international economics : Volume 4, (pp. 523-584). 2014
This chapter is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation...
Persistent link: https://www.econbiz.de/10014025377
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Consumption Risk-Sharing and the Real Exchange Rate : Why Does the Nominal Exchange Rate Make Such a Difference?
Devereux, Michael B. - 2011
A basic prediction of effcient risk-sharing is that relative consumption growth rates across countries or regions …, employing a newly constructed multi-country and multi-regional data set. Within countries, we find signifcant evidence for risk …. We identify this failure of risk sharing as a border effect. We find that the border effect is substantially (but not …
Persistent link: https://www.econbiz.de/10013121595
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Exchange rate volatility, investment, and growth : some new evidence
Corbo, Vittorio - In: Exchange rates, capital flows, and monetary policy in a …, (pp. 55-77). 1997
Persistent link: https://www.econbiz.de/10001402030
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Exploring the relationship between exchange rate misalignment uncertainty and economic growth in South Africa
Buthelezi, Eugene Msizi - In: Cogent economics & finance 11 (2023) 2, pp. 1-30
This paper aims to address the relatively limited attention given to the examination of exchange rate misalignment uncertainty in the specific context of South Africa. By specifically focusing on exchange rate misalignment uncertainty, this study fills a crucial gap in the literature and gains a...
Persistent link: https://www.econbiz.de/10014501136