Main description: Seit geraumer Zeit gibt es eine lebhafte Diskussion über die Wirksamkeit von Strukturanpassungs- und Stabilisierungsprogrammen des Internationalen Währungsfonds in Entwicklungsländern. Die dabei vertretene Position des "Washington Consensus" setzt auf Stabilisierung,...

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...

In this paper, we study the impact of oil price shocks on the incidence of protest over the period 1991-2015. Our results indicate that negative oil price shocks are followed by an uptick in the number of protests and that a higher initial size of the shadow economy allows to mitigate the...

We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...