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In this paper, we relate the scope and depth of regulatory reforms to growth outcomes in OECD countries. By means of a new set of quantitative indicators of regulation, we show that the cross-country variation of regulatory settings has increased in recent years, despite extensive liberalisation...
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privatization policies as a possible source of cross-country dispersion in growth outcomes. They suggest that, despite extensive … liberalization and privatization in the OECD area, the cross-country variation of regulatory settings has increased in recent years … its cross-country variance. Regressing MFP on both economywide indicators of regulation and privatization and industry …
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We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...
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Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point...
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