Showing 1 - 10 of 122,693
Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …
Persistent link: https://www.econbiz.de/10015210370
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation Thresholds ; Inflation and Growth ; Dynamic Panel Threshold Model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …
Persistent link: https://www.econbiz.de/10003876000
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation thresholds ; inflation and growth ; dynamic panel threshold model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …
Persistent link: https://www.econbiz.de/10003871757
The estimation of inflation volatility is important to Central Banks as it guides their policy initiatives for … Heteroscedasticity (GARCH) family with a view to providing a parsimonious approximation to the dynamics of Nigeria's inflation volatility … impact of inflation shocks on headline volatility die out rather quickly. Secondly, substantial evidence of asymmetric effect …
Persistent link: https://www.econbiz.de/10011476231
This paper examines four unresolved issues regarding the effects of GDP and inflation on financial development: (i …-linear? (iii) Does financial development vary with inflation rates? (iv) Does inflation moderate the effect of GDP on financial … development? The authors employ the newly developed dynamic Common Correlated Effects (CCE) and dynamic panel system Generalized …
Persistent link: https://www.econbiz.de/10011976076
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
We study the impact of climate volatility on economic growth exploiting data on 133 countries between 1960 and 2005. We … show that the conditional (ex ante) volatility of annual temperatures increased steadily over time, rendering climate … temperatures, a +1oC increase in temperature volatility causes on average a 0.9 per cent decline in GDP growth and a 1.3 per cent …
Persistent link: https://www.econbiz.de/10012608712
volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
Purpose - This paper aims to explore the extreme effect of crude oil price fluctuations and its volatility on the … business cycles or oil price levels, the paper uses a panel quantile regression approach with other linear models such as fixed … effects, random effects and panel generalized method of moments. The panel quantile methodology is an extension of traditional …
Persistent link: https://www.econbiz.de/10014444687
of volatility, any variable that influences innovation directly affects volatility and growth. This joint endogeneity is … illustrated by working out the effects through which economies with different tax levels differ in their volatility and growth … process. We obtain analytical measures of macro volatility based on cyclical output and on output growth rates for plausible …
Persistent link: https://www.econbiz.de/10014204793