Linked e-resources
Details
Table of Contents
Intro; Foreword; Contents; Editors and Contributors; Introduction; 1 The Slowdown in Global Growth: Supply-Side Factors; 2 The Slowdown in Global Growth: Demand-Side Explanations; 3 Challenges for Monetary Policy After the GFC; 4 External Developments; References; Global Growth Slowdown: Supply-Side Factors; The Productivity Slowdown and the Secular Stagnation Hypothesis; 1 Introduction; 2 Sources of Post-war U.S. Growth; 2.1 Total Factor Productivity; 2.2 Human Capital; 2.3 Employment Ratio; 2.4 Capital-Output Ratio; 2.5 Summing Up; 3 Growth, Research Intensity and Size Effect.
4 Insights from Economic History; 4.1 TFP and Population; 4.2 Human Capital; 5 Conclusion; References; Growth Potential in Emerging Countries; 1 Introduction; 2 The Recent Growth Phases of EMEs; 3 Cyclical and Structural Components of the Slowdown in Major EMEs; 4 Labour Productivity; 5 Labour Productivity Gains: Within- and Across-Sector Effects; 6 Labour Supply: Quantity and Quality Issues; 7 Conclusion; References; What are the Drivers of TFP Growth? An Empirical Assessment; 1 Introduction; 2 Growth Accounting Methodology and Data; 3 TFP Growth Determinants; 4 The Econometric Strategy.
4.1 Bayesian Model Averaging (BMA)5 Empirical Results; 5.1 BMA: Pooled OLS; 5.2 Advanced Versus Emerging; 5.3 TFP Growth Decomposition; 6 Concluding Remarks; Appendix 1. Commodities Export Price Index (CEPI); Appendix 2. TFP Convergence; References; The Unintended Consequences of Globalization and Technological Progress; 1 Introduction; 2 Data; 3 Evolution of Global Inequality; 4 Causes of Rising Within-Country Inequality; 5 Policy Options; References; Global Growth Slowdown: Demand-Side Explanations; Trade Weakness: Cycle or Trend?; 1 Introduction; 2 Building Intuition.
3 Trade Weakness: The Cycle and the Trend; 4 Forecasting Trade; 5 Conclusion; References; The Role of Debt Dynamics in US Household Consumption; 1 Introduction; 2 Illusions About Private Consumption and Debt Sustainability; 2.1 A Credit and Asset Prices Boom that Boosts US Private Consumption and GDP; 2.2 An Illusion of Household Balance Sheet Sustainability Caught Back by the Deleveraging Reality; 3 A Consistent Stock-Flow Approach for Debt Dynamics; 4 Modelling US Private Consumption with Debt Flows Dynamics; 5 Conclusions; References.
Explaining Weak Investment Growth After the Great Recession: A Macro-Panel Analysis1 Introduction; 2 The Model for Investment and the Data; 3 Results; 3.1 Time-Invariant Coefficients: Model Selection; 3.2 The Determinants of Investment Over Time: Sample Split; 3.3 The Determinants of Investment over Time: Time-Varying Coefficients; 4 Robustness and Further Analysis; 5 Concluding Remarks; References; New Challenges for Monetary Policies at a Time of High Uncertainty, Low Inflation and Low Real Interest Rates; Uncertainty Fluctuations: Measures, Effects and Macroeconomic Policy Challenges.
4 Insights from Economic History; 4.1 TFP and Population; 4.2 Human Capital; 5 Conclusion; References; Growth Potential in Emerging Countries; 1 Introduction; 2 The Recent Growth Phases of EMEs; 3 Cyclical and Structural Components of the Slowdown in Major EMEs; 4 Labour Productivity; 5 Labour Productivity Gains: Within- and Across-Sector Effects; 6 Labour Supply: Quantity and Quality Issues; 7 Conclusion; References; What are the Drivers of TFP Growth? An Empirical Assessment; 1 Introduction; 2 Growth Accounting Methodology and Data; 3 TFP Growth Determinants; 4 The Econometric Strategy.
4.1 Bayesian Model Averaging (BMA)5 Empirical Results; 5.1 BMA: Pooled OLS; 5.2 Advanced Versus Emerging; 5.3 TFP Growth Decomposition; 6 Concluding Remarks; Appendix 1. Commodities Export Price Index (CEPI); Appendix 2. TFP Convergence; References; The Unintended Consequences of Globalization and Technological Progress; 1 Introduction; 2 Data; 3 Evolution of Global Inequality; 4 Causes of Rising Within-Country Inequality; 5 Policy Options; References; Global Growth Slowdown: Demand-Side Explanations; Trade Weakness: Cycle or Trend?; 1 Introduction; 2 Building Intuition.
3 Trade Weakness: The Cycle and the Trend; 4 Forecasting Trade; 5 Conclusion; References; The Role of Debt Dynamics in US Household Consumption; 1 Introduction; 2 Illusions About Private Consumption and Debt Sustainability; 2.1 A Credit and Asset Prices Boom that Boosts US Private Consumption and GDP; 2.2 An Illusion of Household Balance Sheet Sustainability Caught Back by the Deleveraging Reality; 3 A Consistent Stock-Flow Approach for Debt Dynamics; 4 Modelling US Private Consumption with Debt Flows Dynamics; 5 Conclusions; References.
Explaining Weak Investment Growth After the Great Recession: A Macro-Panel Analysis1 Introduction; 2 The Model for Investment and the Data; 3 Results; 3.1 Time-Invariant Coefficients: Model Selection; 3.2 The Determinants of Investment Over Time: Sample Split; 3.3 The Determinants of Investment over Time: Time-Varying Coefficients; 4 Robustness and Further Analysis; 5 Concluding Remarks; References; New Challenges for Monetary Policies at a Time of High Uncertainty, Low Inflation and Low Real Interest Rates; Uncertainty Fluctuations: Measures, Effects and Macroeconomic Policy Challenges.