Financial Development, Inequality and Poverty : Some
International Evidence IMF (2016-02-23)
This paper provides
evidence on the link between financial development and income distribution.
Several dimensions of financial development are considered: financial access,
efficiency, stability, and liberalization. Each aspect i .. more |
Endogenous Technology Adoption and R&D as Sources of Business Cycle
Persistence NBER (2016-02-23)
We examine the hypothesis that the
slowdown in productivity following the Great Recession was in significant part
an endogenous response to the contraction in demand that induced the downturn.
We first present some descriptive evi .. more |
The Negative Rates Club CEPS (2016-02-22)
For the better
part of a decade, central banks have been making only limited headway in curbing
powerful global deflationary forces. Since 2008, the US Federal Reserve has
maintained zero interest rates, while pursuing multiple wa .. more | |