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This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on the industrial economies of adverse shocks to the current U.S. economic...
Persistent link: https://www.econbiz.de/10005599725
The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our...
Persistent link: https://www.econbiz.de/10005605430
the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative …
Persistent link: https://www.econbiz.de/10010790495
output growth and inflation in Tanzania: Zanzibar using vector autoregressive (VAR) model. The impact of the real exchange … volume of tourism and inflation are in their own shocks. Impulse response functions analysis show that the response generated … by itself at short run and vanishing at the long run, and the inflation and number of tourism has no instantaneous impact …
Persistent link: https://www.econbiz.de/10010769153
In this study, the causal relationships between inflation, output growth and uncertainty have been re-examined for the … period with monthly data, the mutual Granger causality between inflation and inflation uncertainty cannot be rejected in a … the output growth uncertainty. Some evidence have also been obtained in favor of that an increase in inflation uncertainty …
Persistent link: https://www.econbiz.de/10008621714
share of inflation variation due to a global factor has become larger since 1985. Third, over most of the post-WWII period …, international comovements regions have accounted for the bulk of fluctuations in business cycle and inflation. Fourth, prices have …
Persistent link: https://www.econbiz.de/10008587030
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10009144885
inflation produces more inflation volatility /uncertainty that leads to relative price variability that in turn, is harmful for …This paper explores the relationship between the level of inflation, inflation variability, and output performance in … the Venezuelan economy for the period 1951-2002. The paper examines the mechanism through which higher inflation …
Persistent link: https://www.econbiz.de/10011111810
This study aimed at empirically exploring the triangle of relationships – finance-inflation-growth – with the broader … data sets (1970 - 2012) to see whether a direct effect of inflation on growth can be identified as well as an indirect … an indication that inflation effect on growth is independent of financial development while the financial development …
Persistent link: https://www.econbiz.de/10011113083
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10011242223