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Macroeconomic implications of the beliefs and behavior of foreign exchange traders
Cheung, Yin-Wong (contributor);  … - 1999 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001511630
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Do Monetary Policy Frameworks Matter in Low Income Countries?
Carare, Alina; De Resende, Carlos; Levin, Andrew T.; … - National Bureau of Economic Research - 2021
Microeconomic evidence indicates a very high frequency of price adjustment in low income countries (LICs), raising the question of whether LICs may be reasonably characterized as exhibiting monetary neutrality. To address this question, we analyze a cross-country panel dataset of 79 LICs over...
Persistent link: https://www.econbiz.de/10012496089
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How Economic Development Influences the Environment
Jayachandran, Seema - National Bureau of Economic Research - 2021
Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...
Persistent link: https://www.econbiz.de/10012616638
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Is the Electricity Sector a Weak Link in Development?
Colmer, Jonathan; Lagakos, David; Shu, Martin - National Bureau of Economic Research - 2024
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to...
Persistent link: https://www.econbiz.de/10014468241
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A North-South Model of Structural Change and Growth
Aristizábal-Ramirez, Maria; Leahy, John Vincent; … - National Bureau of Economic Research - 2022
This paper is motivated by a set of cross-country observations on growth, structural transformation, and investment rates in a large sample of countries. We observe a hump-shaped relationship between a country's investment rate and its level of development, both within countries over time and...
Persistent link: https://www.econbiz.de/10013435146
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Stock Volatility and the War Puzzle
Cortes, Gustavo Silva; Vossmeyer, Angela; Weidenmier, … - National Bureau of Economic Research - 2022
U.S. stock volatility is 33 percent lower during wartime and periods of conflict. This is true even for World Wars I … of the most surprising facts from two centuries of stock volatility data. We propose an explanation for the puzzle: the … reduces stock volatility. The sector level regressions show that defense spending predicts lower stock volatility for firms …
Persistent link: https://www.econbiz.de/10013172137
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The Macroeconomics of Intensive Agriculture
Boppart, Timo; Kiernan, Patrick; Krusell, Per; … - National Bureau of Economic Research - 2023
Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct a new database with systematic measures of inputs and...
Persistent link: https://www.econbiz.de/10014250119
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Population Growth and Firm Dynamics
Peters, Michael; Walsh, Conor - National Bureau of Economic Research - 2021
Population growth has declined markedly in almost all major economies since the 1970s. We argue this trend has important consequences for the process of firm dynamics and aggregate growth. We study a rich semi-endogenous growth model of firm dynamics, and show analytically that a decline in...
Persistent link: https://www.econbiz.de/10012660102
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The Past and Future of Economic Growth : A Semi-Endogenous Perspective
Jones, Charles I. - National Bureau of Economic Research - 2021
research effort; this is the essence of semi-endogenous growth theory. This paper interprets past and future growth from a semi …
Persistent link: https://www.econbiz.de/10012616574
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Production, Trade, and Cross-Border Data Flows
Chang, Qing; Cong, Lin William; Liyong, Wang; Zhang, … - National Bureau of Economic Research - 2023
We build a two-country general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in data economies on each country's production and international trade. Raw data as byproducts of consumption can be transformed into various types of working data...
Persistent link: https://www.econbiz.de/10014322803