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Measures of Central Bank Autonomy : Empirical Evidence for OECD, Developing, and Emerging Market Economies

Segalotto, Jean-François - 2006

Intro -- Contents -- I. INTRODUCTION AND DATA -- II. UPDATED INDICATORS OF CENTRAL BANK AUTONOMY IN SELECTED OECD COUNTRIES -- III. AUTONOMY INDICATORS FOR EMERGING MARKETS AND DEVELOPING COUNTRIES -- IV. PROGRESS TOWARDS AUTONOMY IN EMERGING MARKETS AND DEVELOPING COUNTRIES -- V. OVERVIEW OF...

Persistent link: https://www.econbiz.de/10012691092

Dollar Exchange Rate volatility and Productivity Growth in Emerging Markets: Evidence from Firm Level Data

Eklou, Kodjovi - 2023

This paper examines the impact of Dollar exchange rate volatility on firm productivity in Emerging Markets economies … volatility reduces firm productivity growth. Exploring channels, its finds that the results are driven by countries with low …

Persistent link: https://www.econbiz.de/10015059411

Fiscal Consolidation and Firm Level Productivity: Evidence from Advanced Economies

Tuuli, Maxwell - 2022

Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and … the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal … consolidation on firm level productivity in 12 advanced economies by combining an updated dataset of fiscal consolidation measures …

Persistent link: https://www.econbiz.de/10015060298

How Effective is Fiscal Policy Response in Systemic Banking Crises?

Gupta, Sanjeev - 2009

This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...

Persistent link: https://www.econbiz.de/10012677822

Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies

End, Nicolas - 2024

Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...

Persistent link: https://www.econbiz.de/10015058746

Revisiting Covid Scarring in Emerging Markets

Jackson, Chris - 2023

driver of scarring is weak productivity. Covid losses, however, have so far been more skewed to employment with a smaller … than usual impact on productivity. We argue that these findings suggest that scarring, while substantial, may be ultimately …

Persistent link: https://www.econbiz.de/10015059169

Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter?

Belkhir, Mohamed - 2023

This paper investigates macroprudential policy effects on bank systemic risk and the role of inflation targeting in such effects. Using bank-level data for 45 countries comprising various monetary and exchange rate regimes, our regime-dependent dynamic panel regression results point to...

Persistent link: https://www.econbiz.de/10015059389

The Impact of the IMF's COVID-19 Support to Developing and Emerging Economies

Chun, Sumin - 2022

We construct a high-frequency dataset that combines information on all IMF lending and proxies of monthly economic activity during the first two years of the COVID-19 pandemic (2020-21). Using this novel dataset and standard econometric techniques we find a positive and significant marginal...

Persistent link: https://www.econbiz.de/10015059885

The Return of Expansionary Austerity: Firms' Investment Response to Fiscal Adjustments in Emerging Markets

Magud, Nicolas - 2022

We study the response of corporate investment in Emerging Markets to unexpected fiscal shocks. We find that, although firm-level investment decreases on impact following unexpected public expenditure adjustments (classical Keynesian multiplier effect), it quickly rises above pre-shock levels....

Persistent link: https://www.econbiz.de/10015060537

Environmental Policies and Innovation in Renewable Energy

Bettarelli, Luca - 2023

This paper investigates the effect of Climate Change Policies (CCPs) on green innovation, for a sample of 40 advanced and emerging market economies and 5 economic sectors, during the period 2000-2021. Our results suggest that CCPs increase green patents, with the effect increasing gradually over...

Persistent link: https://www.econbiz.de/10015059111