The goal of this paper is to provide up-to-date worldwide evidence on the short-term relationship between credit … economic statements, namely, that credit is procyclical and that changes in credit have strong effects on private expenditure …. According to the evidence produced, credit procyclicality -in the sense that the simple correlation coefficient is positive and …

cycle display a persistence problem. In this paper, we follow the approach of Walsh (2002) and include search unemployment … result is that the introduction of search unemployment does improve the capability of the model to reproduce some stylized …

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

of the unemployment rate and of worker transitions …

gravity models for developed countries to include unemployment (chapter 2) and for Latin American and Caribbean developing … migration and trade and their effects on unemployment (chapter 5), and the dynamics of democracy and income chapter 6). …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

This paper provides a comparison of the effects of economic uncertainty and geopolitical risks on bank credit growth … estimation techniques with GMM estimators, we find that economic uncertainty causes a decrease in overall bank credit growth … not corporate loans. Additional analyses on bank ownership and heterogeneity imply that the credit behavior of (1) foreign …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …