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You are looking at 1-12 of 12 items for:

Social Sciences x Economic Development and Growth x Money and Interest Rates x clear all

Crises, Volatility, and Growth

Enisse Kharroubi.

in The World Bank Economic Review

October 2007; p ublished online October 2007 .

Journal Article. Subjects: Money and Interest Rates; Corporate Governance; Economic Development. 8242 words.

How do volatility and liquidity crises affect growth? When credit is constrained, a bias toward short-term debt can arise in financing long-term investments, generating maturity mismatches...

Finance and growth in China, 1995–2013: more liquidity or more development?

Lu Zhang and Dirk Bezemer.

in Cambridge Journal of Regions, Economy and Society

November 2016; p ublished online August 2016 .

Journal Article. Subjects: Money and Interest Rates; Economic Growth and Aggregate Productivity; Economywide Country Studies. 9345 words.

We study the relation of financial development with income growth in China over 1995–2013. In panel and GMM analyses of province-level data, we find that accounting for the short-term...

Financial Fragility in Small Open Economies: Firm Balance Sheets and the Sectoral Structure

Yannick Kalantzis.

in The Review of Economic Studies

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Macroeconomic Aspects of International Trade and Finance; Economic Growth and Aggregate Productivity; International Finance; Money and Interest Rates. 13631 words.

Episodes of large capital inflows in small open economies are often associated with a shift of resources from the tradable to the non-tradable sector and sometimes lead to...

The four fallacies of contemporary austerity policies: the lost Keynesian legacy

Robert Boyer.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: Public Economics; History of Economic Thought (1925 onwards); Economywide Country Studies; Money and Interest Rates; International Finance; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 11726 words.

The contemporary wide-scale austerity measures are likely to fail in most countries. The first fallacy derives from the false diagnosis that the present crisis is the outcome of lax public...

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Inflation targeting and macroeconomic performance since the Great Recession

Thomas Barnebeck Andersen, Nikolaj Malchow-Møller and Jens Nordvig.

in Oxford Economic Papers

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 7538 words.

Has inflation targeting (IT) conferred benefits in terms of economic growth on countries that followed this particular monetary policy strategy during the crisis period 2007–13? We answer...

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Measuring and Mending Monetary Policy Effectiveness under Capital Account Restrictions: Lessons from Mauritania

Robert Blotevogel.

in Journal of African Economies

June 2014; p ublished online February 2014 .

Journal Article. Subjects: Economywide Country Studies; Economic Development; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 9199 words.

I propose a new approach to identifying exogenous monetary policy shocks in low-income countries with capital account restrictions. In the case of Mauritania, a domestic repatriation...

Revisiting Latin America’s debt crisis: some lessons for the periphery of the eurozone

Santiago Capraro and Ignacio Perrotini.

in Cambridge Journal of Economics

May 2013; p ublished online May 2013 .

Journal Article. Subjects: Economywide Country Studies; Prices, Business Fluctuations, and Cycles; Money and Interest Rates. 10041 words.

A Domar–Pasinetti model of an emerging-market open economy with output growth endogenous to aggregate demand is presented, with foreign debt, interest and exchange rates playing a relevant...

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Stagnant productivity and low unemployment: stuck in a Keynesian equilibrium

Wendy Carlin and David Soskice.

in Oxford Review of Economic Policy

January 2018; p ublished online January 2018 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Economic Growth and Aggregate Productivity. 10060 words.

Abstract

A major challenge is to build simple intuitive macroeconomic models for policy-makers and professional economists as well as students. A specific...

Stagnation Traps

Gianluca Benigno and Luca Fornaro.

in The Review of Economic Studies

July 2018; p ublished online November 2017 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Technological Change; Research and Development; Economic Growth and Aggregate Productivity. 23962 words.

Abstract

We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high...

Systemic Risk, Dollarization, and Interest Rates in Emerging Markets: A Panel-Based Approach

Edmar L. Bacha, Márcio Holland and Fernando M. Gonçalves.

in The World Bank Economic Review

February 2009; p ublished online September 2008 .

Journal Article. Subjects: Money and Interest Rates; International Finance; Economic Development; Development Planning and Policy; Economywide Country Studies. 6706 words.

This study investigates the impact of systemic risks and financial dollarization on real interest rates in emerging economies. Higher systemic risks induce both higher real interest rates...

Taxes, Regulations, and the Value of U.S. and U.K. Corporations

Ellen R. McGrattan and Edward C. Prescott.

in The Review of Economic Studies

July 2005; p ublished online July 2005 .

Journal Article. Subjects: Economic Growth and Aggregate Productivity; Corporate Governance; Money and Interest Rates. 16295 words.

We derive the quantitative implications of growth theory for U.S. corporate equity plus net debt over the period 1960–2001. There were large secular movements in corporate equity values...

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Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis

Hakan Yilmazkuday.

in The World Bank Economic Review

June 2011; p ublished online May 2011 .

Journal Article. Subjects: Prices, Business Fluctuations, and Cycles; Money and Interest Rates; International Finance; Economic Development; Economic Growth and Aggregate Productivity. 6715 words.

Thresholds of inflation, government size, trade openness, and per capita income for the finance-growth nexus are investigated using five-year averages of standard variables for 84 countries...