The paper examines the implications of financial reform and interest rate behaviour on economic growth in Nigeria. The cointegration and error correction model were used on time series data from 1970-2006. The results demonstrate that financial reform and interest rates have significant impact...

A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...

The German Institute for Economic Research (DIW Berlin), the largest institute of its kind in Germany, will celebrate its centenary in 2025. It was founded as the Institute for Business Cycle Research (IfK) on July 16 1925 by Ernst Wagemann, then President of the German Statistical Office. The...

Germany’s hyperinflation resulted from a confluence of several factors, all of which contributed to a temporary breakdown in state capacity and to unsustainable public sector deficits. Wartime debt deflated by 90% already in 1920. Informal wage indexation and failure to enforce collection of a...

Russia's invasion of Ukraine presents many challenges to the international order. To understand what is at stake, we argue that the nature of the political regime matters to understand this conflict. We propose a classification of three different types of political regimes (empires, nation...

The main objective of the paper is to use the following terms of Daron Acemoglu and James Robinson - Despotic, Real, Paper, Shackled Leviathans - to check and evaluate the state of democracy, governance and social power in Central and Eastern European Countries (CECCs). Six states were included...

The aim of this paper is to analyze the determinants of the non-interest income for the Tunisian context by the use of data of 10 Tunisian deposit banks. Our sample is observed during the period 1998-2009. Using panel data estimation; our findings reveal that the information and communication...

The study examined the nexus between institutional quality, financial development and inclusive growth in Nigeria for the period 1984-2017. The study employed asymmetric cointegration approach to study the long-run relationship of institutional quality, financial development and inclusive growth...

This paper provides an empirical analysis of the Macroeconomic Imbalance Procedure (MIP). It explores the relationship between sovereign bond yields spreads and the variables contained in the MIP scoreboard using quantile regressions. Results suggest that MIP indicators can explain the behavior...