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Endogenous macroeconomic growth theory [PDF]
The paper focuses on the innovation-based approach to endogenous growth. It begins by spelling out conditions for sustained long-run growth in neoclassical economies and uses these conditions as a standard of comparison for the conditions required to sustain long-run growth in economies with product innovation.
Elhanan Helpman
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Measuring predictability: theory and macroeconomic applications [PDF]
AbstractWe propose a measure of predictability based on the ratio of the expected loss of a short‐run forecast to the expected loss of a long‐run forecast. This predictability measure can be tailored to the forecast horizons of interest, and it allows for general loss functions, univariate or multivariate information sets, and covariance stationary or ...
Francis X. Diebold, Lutz Kilian
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Rethinking the exchange rate disconnect puzzle theory in ASEAN-6
The theory of the exchange rate disconnect puzzle provides evidence of the instability of exchange rate relationship with macroeconomic fundamentals.
Adhitya Wardhono +2 more
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Issues Regarding the Inclusion of the Real Interest Rate with other factors in Phillips Curve Analysis [PDF]
This paper summarizes the arguments and counterarguments within the scientific discussion on the issue regarding the Inclusion of the Real Interest Rate with other factors in Phillips Curve Analysis. The main purpose of the article is to cause economists
Paul F. Gentle
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Hansen's and Summers' hypothesis of secular stagnation in macroeconomics [PDF]
At a times when the world's most developed and those less developed economies are recording historically weak levels of economic performance after the Great Recession of 2008, when the world is facing decades of low demographic growth, in the frames of ...
Veljković Marija
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Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey [PDF]
The massive financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector.
Ece C. Akdoğan, Ekin Ayşe Özşuca
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Spillover Effects from the ECB‘s Unconventional Monetary Policies: The Case of Denmark, Norway and Sweden [PDF]
Using event-study techniques we investigate the impact of ECB’s announcements of non-standard policy measures on a broad range of financial assets from Denmark, Norway and Sweden.
Arthur Korus
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The subject of the study is the causal relationship between the co-integration of technological innovations and business activity, and their impact on the formation of macroeconomic dynamics in the short and long-term.
B. J. Matrizaev
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In light of the global effort to limit the temperature rise, many cities have undertaken initiatives to become climate-neutral, making decentralized urban energy production more relevant. This paper addresses the potential of urban wind energy production
Alina Wilke +2 more
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