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Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies

Mollick, Andr?? Varella; Torres, Ren?? Cabral; … - 2012

This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the … systematic positive and significant effects of inflation targeting on real output growth. In dynamic models, the findings show … strong output persistence in industrial economies, in which partial and full inflation targeting regimes have a positive long …

Persistent link: https://www.econbiz.de/10012552225

Growth is Good for the Poor

Dollar, David; Kraay, Aart - 2001

stabilization from high inflation and reductions in the overall size of government not only increase growth but also increase the …

Persistent link: https://www.econbiz.de/10012572959

The Structural Determinants of External Vulnerability

Loayza, Norman; Raddatz, Claudio E. - 2012

The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...

Persistent link: https://www.econbiz.de/10012553909

Negative Interest Rate Policies : Sources and Implications

Arteta, Carlos Ó.; Kose, M. Ayhan; Stocker, Marc; … - 2016

Against the background of continued growth disappointments, depressed inflation expectations, and declining real …

Persistent link: https://www.econbiz.de/10012570898

Growth Implosions, Debt Explosions, and My Aunt Marilyn : Do Growth Slowdowns Cause Public Debt Crises?

Easterly, William - 2013

The worldwide slowdown in growth after 1975 was a major negative fiscal shock. Slower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...

Persistent link: https://www.econbiz.de/10012559509

The Growth in Government Domestic Debt : Changing Burdens and Risks

Hanson, James A. - 2012

This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and...

Persistent link: https://www.econbiz.de/10012552794

Aggregate Income Shocks and Infant Mortality in the Developing World

Baird, Sarah; Friedman, Jed; Schady, Norbert Rüdiger - 2012

The diffusion of cost-effective life saving technologies has reduced infant mortality in much of the developing world. Income gains may also play a direct, protective role in ensuring child survival, although the empirical findings to date on this issue have been mixed. This paper assembles data...

Persistent link: https://www.econbiz.de/10012552905

Trade Causes Growth in Sub-Saharan Africa

Bruckner, Markus; Lederman, Daniel - 2012

In the 1990s the mainstream consensus was that trade causes growth. Subsequent research shed doubt on the consensus view, as evidence suggested that the identification of the effect of trade on growth was problematic in the existing literature. This paper contributes to this debate by focusing...

Persistent link: https://www.econbiz.de/10012572456

Economic Development As Opportunity Equalization

Roemer, John E. - 2013

Economic development should be conceived of as the degree to which an economy has implemented an efficient and just distribution of economic resources. The ubiquitous measure of GDP per capita reflects a utilitarian conception of justice, where individual utility is defined as personal income,...

Persistent link: https://www.econbiz.de/10012560134

Measuring Quarterly Economic Growth from Outer Space

Beyer, Robert C.M; Hu, Yingyao; Yao, Jiaxiong - 2022

This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The elasticity is 1.55 for emerging markets...

Persistent link: https://www.econbiz.de/10013255389