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Unbalanced Regional Impact of the crisis in Spain. An explorative analysis through structural changes, sectorial specialization and productivity

Cuadrado-Roura, Juan R.; Maroto-Sanchez, Andres - 2014

The economic and financial crisis has generated a significant amount of adverse effects in all European economies, although with substantial differences by countries. For Spain the effects have been severe. From the last third of the last century until the middle of 2008 the economy experienced...

Persistent link: https://www.econbiz.de/10011399993

Time-Varying Risk Shocks and the Zero Lower Bound

Strobel, Johannes; Lee, Gabriel; Dorofeenko, Victor; … - 2019

This paper shows that increased volatility of Örm-level productivity can push the nominal interest rate to its lower bound with large amplification effects on macroeconomic aggregates. The framework combines a simple canonical Önancial accelerator model, time varying risk shocks, and a zero...

Persistent link: https://www.econbiz.de/10012099053

The Impact of Active Aggregate Demand on Utilization-Adjusted TFP

Gantert, Konstantin - 2022

Persistent link: https://www.econbiz.de/10013359317

Inflation Expectations in the Wake of the War in Ukraine

Afunts, Geghetsik; Cato, Misina; Schmidt, Tobias - 2023

Persistent link: https://www.econbiz.de/10014363660

News Shocks under Financial Frictions

Görtz, Christoph; Tsoukalas, John; Zanetti, Francesco - 2017

We examine the dynamic effects and empirical role of TFP news shocks in the context of frictions in financial markets. We document two new facts using VAR methods which provide robust evidence on the importance credit spreads for the propagation of news shocks. A DSGE model with financial...

Persistent link: https://www.econbiz.de/10011712579

Impact of Recession on the employment in Catalonia from a gender and age perspective

Adillon, Ma.Jesus Gomez; Pique, M.Angels Cabases; Vea, … - 2016

In Catalonia, between 2008 and 2014, the rate of youth unemployment has exponentially increased and it has turned into a structural problem: when the fourth quarter of 2014 ended, among the people under the age of 30, the number of unemployed people was 1,495,600, 645,000 more than in the first...

Persistent link: https://www.econbiz.de/10011790035

Financial Development and Inequality: Brazil 1985-99

Meyer Bittencourt, Manoel F. - 2006

extreme inflation rates. The main implication of the results is that a seemingly non-distortionary policy, such as more credit …

Persistent link: https://www.econbiz.de/10010295992

Inflation and Financial Development: Evidence from Brazil

Bittencourt, Manoel - 2007

We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the … robust for different estimators and financial development measures?suggest that inflation presented deleterious effects on … Brazil by high rates of inflation, have detrimental effects to financial development, a variable that is important for …

Persistent link: https://www.econbiz.de/10010296015

Inflation and Democracy in Former Extractive Colonies Analysis with a New Instrumental Variable

Mijiyawa, Abdoul - 2008

This paper analyzes the link between inflation and democracy in developing countries. In order to address the … positive causal relationship between inflation and democracy. It appears that democracy increases inflation because democracy …, Ghana, and Sri Lanka better illustrate the result relating to the relationship between inflation and democracy in my sample. …

Persistent link: https://www.econbiz.de/10010301455

Deflation and Relative Prices: Evidence from Japan and Hong Kong

Gerlach, Stefan; Kugler, Peter - 2011

We test the menu cost model of Ball and Mankiw (1994, 1995) on data from the inflation and deflation periods in Japan … during both inflation and deflation, is strongly supported. The data are less clear on, but does not reject, the hypothesis … that the parameter on the standard deviation changes sign between inflation and deflation periods. …

Persistent link: https://www.econbiz.de/10010305944