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Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
Why do prices in Spain's regions fail to converge? The prime suspects for this puzzling result are differences in … illustrate the effect of barriers on prices. A unique data set-derived from an extensive analysis of competition policies in … Spain- provides evidence that barriers to entry increase regional prices. The evidence also suggests that, consistent with …
Persistent link: https://www.econbiz.de/10005826506
This paper presents a modeling framework that delivers joint forecasts of indicators of systemic real risk and systemic financial risk, as well as stress-tests of these indicators as impulse responses to structural shocks identified by standard macroeconomic and banking theory. This framework is...
Persistent link: https://www.econbiz.de/10008519509
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In this paper we examine the effects of media coverage of commodity prices increases and decreases on the price of the … commodity and how media coverage in other commodities affects prices. We provide evidence of the relationship between media … correlated with the media coverage of up movements, or increase in prices. The direction of the correlation is robust and …
Persistent link: https://www.econbiz.de/10010323648
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1960-74, while prices, land values, and interest rates explain deviations from the trend during 1975-88. Projections of …
Persistent link: https://www.econbiz.de/10010910468
Persistent link: https://www.econbiz.de/10005245277
This paper formulates a novel modeling framework that delivers: (a) forecasts of indicators of systemic real risk and systemic financial risk based on density forecasts of indicators of real activity and financial health; (b) stress-tests as measures of the dynamics of responses of systemic risk...
Persistent link: https://www.econbiz.de/10009654174
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