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inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … economies, the results show that, as expected, both measures are positively correlated with output volatility. When the two … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …
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These document contains three parts: the first part focuses on the lessons that have been learnt from the 2007-2009 crisis and how economic authorities handled the shock suffered in most variables. The conclusion is that Government intervention through fiscal policy is the only wayto offset the...
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This paper proposes a comparative analysis of the main macroeconomic aggregates (both real and credit aggregates) and the monetary policy response during the most severe recessions experienced by the Italian economy. This descriptive study focuses mainly on the last forty years, a period for...
Persistent link: https://www.econbiz.de/10010575279
We study Switzerland's weak growth during the 1990s through the lens of the business cycle accounting framework of Chari et al. (Econometrica 75(3):781-836, 2007). Our main result is that weak productivity growth cannot account for the 1993-1996 stagnation episode. Rather, the stagnation is...
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moderation of output volatility compared to the well-known break during the mid-1980s. The period of analysis runs from 1962Q2 to … unconditional volatility and procedures of structural break detection (Inclan–Tiao test and autoregressive conditional …
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Autoregressive (SVAR) methodology is applied incorporating realized volatility as an indicator of oil price uncertainty to …
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