Assessing debt stationarity and sustainability in the longer run
Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sus...
Category: Working Paper
Fourier DF unit root test for R&D intensity of G7 countries
To take a simple example, consider the production of the latest bestselling novel, the hottest-selling computer game, or the new Volkswagen Beetle. To produce t...
Bank credit and economic growth in ASEAN
[…] the results show that financial development promotes growth in poorer countries by increasing education and investment, and by decreasing fertility. T...
Bank credit and short-run and economic growth
Economic research, austerity advocates insisted, showed that terrible things happen once debt exceeds 90 percent of G.D.P. But “economic research” s...
Towards a more resilient EU after the COVID-19 crisis
We’re supposed to be living in an era where human beings have become the dominant influence on the environment, but COVID-19 has revealed the fragilit...
On money demand in Vietnam
The demand for money is likely to depend upon the exchange rate in addition to the interest rate and the level of income; this would slightly reduce the effecti...
