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The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...
Persistent link: https://www.econbiz.de/10011480616
Does dollarisation influence economic activity in Zimbabwe? The question has incited a lot of debates among researchers and analysts. In an attempt to answer this question, the study used an Auto Regressive Distributive Lag (ARDL) procedure, to investigate the effects of dollarisation on...
Persistent link: https://www.econbiz.de/10013199661
practice in the traditional growth accounting literature of assigning weights of 0.3 and 0.7 to capital and labor inputs …
Persistent link: https://www.econbiz.de/10012120756
structural transformation. We use recently developed growth accounting tools to explicitly determine sources of economic growth …
Persistent link: https://www.econbiz.de/10012009769
Growth accounting has documented an important contribution of information and communication technology (ICT) capital …
Persistent link: https://www.econbiz.de/10013465304
-switching autoregressive (MS-AR) model. Their results show that the MF-MS-VAR fits the different recession regimes, and provides out …-of-sample forecasts of recession probabilities which are more accurate than those derived from the MS-VAR and MS-AR models. The results …
Persistent link: https://www.econbiz.de/10011555275
Persistent link: https://www.econbiz.de/10011599644
bubbles and the Great Recession. …
Persistent link: https://www.econbiz.de/10011599686
More debt forgiveness directly benefits households but indirectly makes credit more expensive. How does aggregate risk affect this trade-off? In a calibrated general equilibrium life-cycle model, aggregate risk reduces the welfare benefit of making default very costly when the costs are borne by...
Persistent link: https://www.econbiz.de/10011599691
Fast alle Branchen der deutschen Industrie haben in diesem Jahr kräftig expandiert. Die Produktion im produzierenden Gewerbe ohne Baugewerbe wird im Jahresdurchschnitt um knapp neun Prozent höher sein als 2009. Die schnelle und kräftige Erholung beruht auch darauf, dass Deutschland im...
Persistent link: https://www.econbiz.de/10011602267