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Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries

Cevik, Serhan - 2012

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...

Persistent link: https://www.econbiz.de/10013098603

The Leap of the Tiger : How Malaysia Can Escape the Middle-Income Trap

Chérif, Réda - 2015

-2010. Malaysia's real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively … strong growth and a substantial improvement in export sophistication, Malaysia's total factor productivity lagged behind that … of Korea and Taiwan Province of China. We argue that what characterizes their experience in contrast to Malaysia's is the …

Persistent link: https://www.econbiz.de/10013019010

Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand

Bannister, Geoffrey J.; Finger, Harald; Kido, Yosuke; … - 2021

While the world is focused on addressing the near-term ramifications of the COVID-19 shock, we turn attention to another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and New Zealand as examples, we show that the pandemic will...

Persistent link: https://www.econbiz.de/10013250089

Importing Inputs for Climate Change Mitigation : The Case of Agricultural Productivity

García-Verdú, Rodrigo - 2019

This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting agricultural TFP are analyzed in detail - imported...

Persistent link: https://www.econbiz.de/10012889166

Small Island States in the Pacific : The Tyranny of Distance

Becker, Chris - 2012

This paper seeks to document key characteristics of small island states in the Pacific. It restricts itself to a limited number of indicators which are macro-orientated - population, fertility of land, ability to tap into economies of scale, income, and geographic isolation. It leaves aside...

Persistent link: https://www.econbiz.de/10013098583

Determinants of Interest Rate Spreads in Solomon Islands

Rebei, Nooman - 2014

Bank interest rate spreads in Solomon Islands are high by regional standards. This paper examines the determinants of bank interest rates including bank specific, banking sector, macroeconomic, and legal indicators. The results show that the scale of operation, overhead costs, concentration...

Persistent link: https://www.econbiz.de/10013053048

The More the Merrier? A Machine Learning Algorithm for Optimal Pooling of Panel Data

Bolhuis, Marijn - 2020

We leverage insights from machine learning to optimize the trade off between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that estimates the similarity of economic structures across countries and selects the optimal pool of...

Persistent link: https://www.econbiz.de/10012836102

Assessing IMF Lending : A Model of Sample Selection

Mäder, Nicolas - 2019

Extending previous work on the determinants of IMF lending in an interconnected world, we introduce a model of sample selection in which both selection and size dimensions of individual IMF arrangements are presented within a unified econometric framework. We allow for unobserved heterogeneity...

Persistent link: https://www.econbiz.de/10012864111

How Well Do Economists Forecast Recessions?

An, Zidong - 2019

We describe the evolution of forecasts in the run-up to recessions. The GDP forecasts cover 63 countries for the years 1992 to 2014. The main finding is that, while forecasters are generally aware that recession years will be different from other years, they miss the magnitude of the recession...

Persistent link: https://www.econbiz.de/10012864122

Manufacturing Jobs and Inequality : Why is the U.S. Experience Different?

Novta, Natalija - 2019

We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in advanced economies. This contribution is typicallysmall, except in the United States. We explore two possible explanations: the high initialmanufacturing wage premium and the high...

Persistent link: https://www.econbiz.de/10012860990