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Capital and Trade As Engines of Growth in France : An Application of Johansen's Cointegration Methodology
Coe, David T. - 1993
by increased trade integration within the European Community and by the accumulation not only of business sector capital …—the only measure of capital included in most empirical studies—but also by the accumulation of government infrastructure … capital, residential capital, and R&D capital. Calculations of potential output indicate that trade and capital …
Persistent link: https://www.econbiz.de/10014396036
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Accounting standards and insurer solvency assessment
Windsor, Peter; Yong, Jeffery; Bell, Michelle Chong-Tai - 2020
The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance supervisors. Overall, IFRS 17 is a welcome development but there will be challenges of implementation....
Persistent link: https://www.econbiz.de/10012300617
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Finding the bad apples in the barrel : using the market value of equity to signal banking sector vulnerabilities
Kerry, Will - 2019
metrics based on equity market valuations of bank capital are better than regulatory capital ratios, and other metrics, in …
Persistent link: https://www.econbiz.de/10012103615
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Handle with care : regulatory easing in times of COVID-19
Valencia, Fabian; Varghese, Richard; Yao, Weijia; … - 2021
tightened following announcements related to easier bank capital regulation while equity valuation rose and financial conditions …
Persistent link: https://www.econbiz.de/10012518694
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In the eye of the storm : firms and capital destruction in India
Pelli, Martino; Tschopp, Jeanne; Bezmaternykh, Natalia; … - 2020
This paper examines the response of firms to capital destruction, using a new measure of firm exposure to tropical … storms as a negative exogenous shock on firms' capital stock. Drawing on a panel of Indian manufacturing firms between 1995 … industry, the sales of less productive firms decrease disproportionately more, while across industries capital destruction …
Persistent link: https://www.econbiz.de/10012391952
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How big are fiscal multipliers in Latin America?
Restrepo L., Jorge Enrique - 2020
This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and estimate fiscal multipliers for the United States. With these results, it computes the cumulative multiplier of Ramey and Zubairy (2018), now common in the literature. It finds that, contrary to the...
Persistent link: https://www.econbiz.de/10012170143
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Does child marriage matter for growth?
Mitra, Pritha; Pondi Endengle, Eric M.; Pant, Malika; … - 2020
Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child marriage is not only critical from a development perspective but it also has important economic implications. This paper is the first to quantify the relationship between child...
Persistent link: https://www.econbiz.de/10012170160
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Hysteresis and business cycles
Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...
Persistent link: https://www.econbiz.de/10012251398
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Is there a one-size-fits-all approach to inclusive growth? : a case study analysis
Balasubramanian, Sriram; Bounader, Lahcen; Bricco, Jana; … - 2021
Is there a one-size-fits-all approach to inclusive growth? We look at four key case studies across advanced and emerging markets-the Nordics, India, Brazil, and Egypt-to try to answer this question. We highlight qualitatively in these countries the key components of inclusive growth models,...
Persistent link: https://www.econbiz.de/10012605019
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Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies
Medina Guzman, Juan Pablo - 2014
In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...
Persistent link: https://www.econbiz.de/10014411151