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Barro, Robert J. - 1990

We think of the expected real interest rate for ten OECD countries (our counterpart of the world economy) as determined … estimated the reduced form for CDP-weighted world averages of the expected short-term real interest rate and the investment … ratio over the period 1959-88. The estimates reveal significant effects in the predicted direction for world stock returns …

Persistent link: https://www.econbiz.de/10012475718

Fiscal Influences on Inflation in OECD Countries, 2020-2022

Barro, Robert J.; Bianchi, Francesco - National Bureau of Economic Research - 2023

The fiscal theory of the price level (FTPL) has been active for 30 years, and the interest in this theory grew with the recent global surges in inflation and government spending. This study applies the FTPL to 37 OECD countries for 2020-2022. The theory's centerpiece is the government's...

Persistent link: https://www.econbiz.de/10014436969

On the Welfare Costs of Consumption Uncertainty

Barro, Robert J. - 2006

Satisfactory calculations of the welfare cost of aggregate consumption uncertainty require a framework that replicates major features of asset prices and returns, such as the high equity premium and low risk-free rate. A Lucas-tree model with rare but large disasters is such a framework. In a...

Persistent link: https://www.econbiz.de/10012465898

Currency Unions

Alesina, Alberto - 2000

What is the optimal number of currencies in the world? Common currencies affect trading costs and, thereby, the amounts …

Persistent link: https://www.econbiz.de/10012470810

International Data on Educational Attainment Updates and Implications

Barro, Robert J. - 2000

This paper presents a data set that improves the measurement of educational attainment for a broad group of countries. We extend our previous estimates of educational attainment for the population over age 15 and over age 25 up to 1995 and provide projections for 2000. We discuss the estimation...

Persistent link: https://www.econbiz.de/10012470826

Notes on Growth Accounting

Barro, Robert J. - 1998

Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth...

Persistent link: https://www.econbiz.de/10012472156

Schooling Quality in a Cross Section of Countries

Lee, Jong-Wha - 1997

We investigate the determinants of educational quality in a panel data set that includes" output and input measures for a broad number of countries. The results show that family inputs" and school resources are closely related to school outcomes, as measured by internationally" comparable test...

Persistent link: https://www.econbiz.de/10012472616

Determinants of Economic Growth : A Cross-Country Empirical Study

Barro, Robert J. - 1996

Empirical findings for a panel of around 100 countries from 1960 to 1990 strongly support the general notion of conditional convergence. For a given starting level of real per capita GDP, the growth rate is enhanced by higher initial schooling and life expectancy, lower fertility, lower...

Persistent link: https://www.econbiz.de/10012473140

Inflation and Economic Growth

Barro, Robert J. - 1995

Data for around 100 countries from 1960 to 1990 are used to assess the effects of inflation on economic performance. If a number of country characteristics are held constant, then regression results indicate that the impact effects from an increase in average inflation by 10 percentage points...

Persistent link: https://www.econbiz.de/10012473544

Democracy & Growth

Barro, Robert J. - 1994

Growth and democracy (subjective indexes of political freedom) are analyzed for a panel of about 100 countries from 1960 to 1990. The favorable effects on growth include maintenance of the rule of law, free markets, small government consumption, and high human capital. Once these kinds of...

Persistent link: https://www.econbiz.de/10012473998