We compute steady-state economic growth - defined as the rate of growth that the economy would converge to in the absence of new shocks. This rate can be computed in real-time by means of a parsimonious time-varying parameter (TVP) VAR model. Our procedure offers a relatively agnostic estimation...

We use a comprehensive database of 121 countries over the 1971-2016 period to study how macroeconomic factors drive carbon (carbon-dioxide) emissions. For this purpose, dynamic panel regressions are estimated. Carbon emissions rise with economic development, manufacturing activity, urbanization...

We compute steady-state growth and inflation for 12 emerging economies based on agnostic and parsimonious country-specific time varying parameter (TVP) VAR models. Steady-state metrics offer a natural benchmark against which economic outcomes may be assessed, as they represent the trend growth...