해외동향 | Fiscal Policy, Economic Growth and Innovation | 한국금융연구원

[LHKOREA]

2017-02-28 일자 [제 17-17 호]

Fiscal Policy, Economic Growth and Innovation
Levy (2017-02-28)

This paper analyzes the effectiveness of public expenditures on economic growth within the analytical framework of comprehensive Neo-Schumpeterian economics. Using a fixed-effects model for G20 countries, the paper investigates th ..  more

Capital Accumulation and Dynamic Gains from Trade
FRB of St. Louis (2017-02-28)

We compute welfare gains from trade in a dynamic, multicountry model with capital accumulation. We examine transition paths for 93 countries following a permanent, uniform, unanticipated trade liberalization. Both the relative pri ..  more

Unconventional Monetary and Exchange Rate Policies
FRB (2017-02-28)

This paper explores the direct effects and spillovers of unconventional monetary and exchange rate policies. We find that official purchases of foreign assets have a large positive effect on a country's current account that dimini ..  more

제 목	발행기관	발행일자
Washington must reduce policy uncertainty for small businesses	AEI	17-02-27
Sizing up its branches, PNC sizes down with the Tiny Branch	BAI	17-02-27
TEB helps women overcome obstacles in Turkey's business sphere	BAI	17-02-27
Turning FinTech into WinTech: How smaller financial institutions can succeed with digital	BAI	17-02-27
Using bank employees as social media brand ambassadors	BAI	17-02-27
Expropriation Risk and FDI in Developing Countries: Does Return of Capital Dominate Return on Capital?	Bank of Canada	17-02-27
Labor market consequences of trade openness and competition in foreign markets	Bank of Mexico	17-02-28
Portfolio Investment Response to U.S. Monetary Policy Announcements: An Event Study Analysis Using High Frequency Data from Mexico	Bank of Mexico	17-02-28
"Low-For-Long" Interest Rates and Banks' Interest Margins and Profitability: Cross-Country Evidence	FRB	17-02-28
Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?	FRB	17-02-28
Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown	FRB	17-02-28
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve's Approach	FRB	17-02-28
Incentive Contracting Under Ambiguity Aversion	FRB	17-02-28
Learning, Prices, and Firm Dynamics	FRB	17-02-28
The Cleared Bilateral Repo Market and Proposed Repo Benchmark Rates	FRB	17-02-28
The Effect of Foreign Lending on Domestic Loans: an Analysis of U.S. Global Banks	FRB	17-02-28
Uncertainty, Currency Excess Returns, and Risk Reversals	FRB	17-02-28
Unconventional Monetary and Exchange Rate Policies	FRB	17-02-28
The Exchange Rate Effects of Macro News after the Global Financial Crisis	FRB of Dallas	17-02-28
The Behavior of Uncertainty and Disagreement, and their Roles in Economic Prediction: A Panel Analysis	FRB of New York	17-02-28
Capital Accumulation and Dynamic Gains from Trade	FRB of St. Louis	17-02-28
International Trade and Intertemporal Substitution	FRB of St. Louis	17-02-28
Fiscal Policy, Economic Growth and Innovation	Levy	17-02-28
Quality of Statistical Match of Household Budget Survey and SILC for Turkey	Levy	17-02-28
Aftershocks of Monetary Unification: Hysteresis with a Financial Twist	NBER	17-02-28
China's Gradualistic Economic Approach and Financial Markets	NBER	17-02-28
Firm Entry and Exit and Aggregate Growth	NBER	17-02-28

제 목	발행기관	발행일자
Bubbly equilibria with credit misallocation	Bank of England	17-02-28
The effect of house prices on household borrowing: a new approach	Bank of England	17-02-28
Privatization and the unusual case of Belarusian accession to the WTO	Bank of Finland	17-02-28
To guide or not to guide? Quantitative monetary policy tools and macroeconomic dynamics in China	Bank of Finland	17-02-28
Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets	Bank of France	17-02-28
Pandemic crises in financial systems: a simulation-model to complement stress-testing frameworks.	Bank of France	17-02-28
Subjective Interest Rate Uncertainty and the Macroeconomy: A Cross-country Analysis	Bank of France	17-02-28
The Joint Dynamics of U.S. and Euro-area Inflation Rates: Expectations and Time-varying Uncertainty	Bank of France	17-02-28
Follow the money: Does the financial sector intermediate natural resource windfalls?	Bank of Netherlands	17-02-28
Fundamental uncertainty and unconventional monetary policy: an info-gap approach	Bank of Netherlands	17-02-28
Survey shortcuts? Evidence from a payment diary survey	Bank of Netherlands	17-02-28
A suite of inflation forecasting models	Bank of Spain	17-02-28
Global funding trends in capital markets in 2016	Bank of Spain	17-02-28
The crucial role of social welfare criteria for optimal inheritance taxation	Bank of Spain	17-02-28
Asymmetric Macro-Financial Spillovers	Bank of Sweden	17-02-28
An economic review of the collaborative economy	Bruegel	17-02-28
Extending the scope of the geo-blocking prohibition: an economic assessment	Bruegel	17-02-28
Brexit and the Asset Management Industry	CEPS	17-02-28
Revisiting potential output in Denmark	Danmarks Nationalbank	17-02-28
Synthetic securitisation: Making a silent comeback	DB Research	17-02-28
The role of structural funding for stability in the German banking sector	Deutsche Bundesbank	17-02-28
A panel VAR analysis of macro-financial imbalances in the EU	ECB	17-02-28
A stochastic forward-looking model to assess the profitability and solvency of European insurers	ECB	17-02-28
Economic crises and the eligiblity for the lender of last resort: evidence from 19th century France	ECB	17-02-28
Global inflation: the role of food, housing and energy prices	ECB	17-02-28
Macro stress testing euro area banks' fees and commissions	ECB	17-02-28
Optimizing policymakers' loss functions in crisis prediction: before, within or after?	ECB	17-02-28
Starting from a blank page? Semantic similarity in central bank communication and market volatility	ECB	17-02-28
Stress-Test Analytics for Macroprudential Purposes in the euro area	ECB	17-02-28
Stress-Testing of liquidity risk in TARGET2	ECB	17-02-28
The effect of public investment in Europe: a model-based assessment	ECB	17-02-28
The role of counterparty risk and asymmetric information in the interbank market	ECB	17-02-28
International Inflation Spillovers Through Input Linkages	Swiss National Bank	17-02-28
The Impact of Interest Rate Risk on Bank Lending	Swiss National Bank	17-02-28

제 목	발행기관	발행일자
Drivers of trade finance gaps	ADBI	17-02-27
Facilitate Trade for Development: Aid for Trade	ADBI	17-02-27
Housing and Household Wealth Inequality: Evidence from the People's Republic of China	ADBI	17-02-27
International Trade and Inequality	ADBI	17-02-27
Technical Progress and the Share of Labor Income	ADBI	17-02-27
Time, Uncertainty, and Trade Flows	ADBI	17-02-27
Can Exchange Rate Dynamics in Krugman's Target-zone Model be Directly Tested?	HKIMR	17-02-28
Effects of Intermediate Input Tariff Reduction on Innovations in China	HKIMR	17-02-28
Exchange Rate Movements and Fundamentals: Impact of Oil Prices and China's Growth	HKIMR	17-02-28
Evolution of Sizes and Industrial Structure of Cities in Japan from 1980 to 2010: Constant churning and persistent regularity	RIETI	17-02-28
Multilevel Analysis of Free Trade Agreements and Foreign Direct Investment in the Asia Pacific Region	RIETI	17-02-28

제 목	발행기관	발행일자
Distributed ledger in payment, clearing and settlement-an analytical framework	BIS	17-02-28
Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?	BIS	17-02-28
The effects of tax on bank liability structure	BIS	17-02-28
Governments and Promised Fiscal Consolidations : Do They Mean What They Say?	IMF	17-02-28
Does vertical specialization increase productivity ?	World Bank	17-02-28
Horizontal depth : a new database on the content of preferential trade agreements	World Bank	17-02-28

제 목	발행기관	발행일자
A Binary Bet on the Bitcoin Twins	Bloomberg	17-02-28
Time to Restart That Old Capitalism Death Watch	Bloomberg	17-02-28
Big Banks Declare War on Venmo	Bloomberg	17-02-27
Fintech the Buzzword Finance Loves and Hates QuickTake Q&A	Bloomberg	17-02-27
China Is Developing its Own Digital Currency	Bloomberg	17-02-24
The IMF bails Mongolia out	Economist	17-02-28
Lower immigration could be the biggest economic cost of Brexit	Economist	17-02-27
In fintech China shows the way	Economist	17-02-24
Investors in Americas housing finance giants lose in court	Economist	17-02-24
The sanctity of trade statistics	Economist	17-02-24
Corporate China hits global debt market milestone	FT	17-02-28
Trump team looks to bypass WTO dispute system	FT	17-02-28
China bans fourth richest man from insurance sector for 10 years	FT	17-02-27
More than one in 10 staff at US banks work in Asia	FT	17-02-27
US retreats from Trump pledge on China currency manipulation	FT	17-02-24
A New Way to Look at Crazy Stock Valuations	WSJ	17-02-28
The Illusory Flaws of Border Adjustment	WSJ	17-02-28
Economic Surveys Show Deep Splits in Confidence Along Party Lines	WSJ	17-02-27
Modifying Fed Stock Rules Could Diminish Reserve Banks Autonomy	WSJ	17-02-27
Business Leaders Send Donald Trump Their Deregulation Wish List	WSJ	17-02-24