We explore the economic impact of the pandemic and the importance of real and financial sector linkages in this context. We explicitly model the financial sector and trace its role in propagating the pandemic shocks. We find that the pandemic-induced adverse labour supply shock can have sizable...

The current state budget crisis in the EU and the numerous futile efforts to solve the problem has brought back the fraction of people that argument in favour of an exit strategy of Germany from the European monetary union (EMU) or even the break-up of the EMU in total. This paper investigates...

This short piece discusses the results of simple regression analysis using cross country data to determine the factors that have influenced fluctuations in real output during the covid-19 pandemic period. Focus is on explaining not only output growth from 2020 to the first half of 2021, but also...

We show the impact of COVID-19 pandemic on world's affected countries (Complete or Partial Locked Down countries) mainly transmitted through social and economic factors. In this regard, we assess the effects of covid-19 on Investments, remittances, Trade, Tourism, Oil Prices, Production, Health,...

Productivity growth has flat-lined in most economies despite rapid advances in technology. Economists suggest competing explanations for this paradox. Some argue the current stagnation will persist given deep structural challenges, arguing that recent technological advances are no match for...

This paper investigated the effect of capital market on Omani economic growth using real Gross Domestic Product (GDP) as representative for economic growth. The main objective of the paper is to scan the impact of Muscat Security Market (MSM) on economic g rowth in Oman. The data were collected...

We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household's remittances propagates through the network of input-output linkages in Sub-Saharan African countries....

Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...

This paper uses the synthetic control method to estimate the short-term impact on GDP of the reforms implemented between 2014 and 2017 in Chile by the government of President Michelle Bachelet.I find a cumulative fall by the end of 2017 of 13% relative to the synthetic counterfactual. This...

The relationship between foreign aid and the economic growth of developing countries is unquestionably an intricate one. While a newcomer to the topic might expect to find an obvious effect of aid on growth, the overwhelming majority of the literature in this field does not conclude its studies...