000890129 000__ 06195cam\a2200589Ii\4500 000890129 001__ 890129 000890129 005__ 20230306145910.0 000890129 006__ m\\\\\o\\d\\\\\\\\ 000890129 007__ cr\cn\nnnunnun 000890129 008__ 180615s2018\\\\sz\\\\\\ob\\\\000\0\eng\d 000890129 019__ $$a1040612812$$a1041528906$$a1042115759$$a1047692717$$a1058868466 000890129 020__ $$a9783319790756$$q(electronic book) 000890129 020__ $$a3319790757$$q(electronic book) 000890129 020__ $$z9783319790749 000890129 020__ $$z3319790749 000890129 0247_ $$a10.1007/978-3-319-79075-6$$2doi 000890129 035__ $$aSP(OCoLC)on1040592704 000890129 035__ $$aSP(OCoLC)1040592704$$z(OCoLC)1040612812$$z(OCoLC)1041528906$$z(OCoLC)1042115759$$z(OCoLC)1047692717$$z(OCoLC)1058868466 000890129 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dN$T$$dEBLCP$$dAZU$$dYDX$$dFIE$$dOCLCF$$dUPM$$dCOO$$dOCLCQ$$dNOC$$dMERER$$dUKMGB$$dOCLCQ$$dUKAHL$$dGW5XE 000890129 049__ $$aISEA 000890129 050_4 $$aHB172.5 000890129 08204 $$a339$$223 000890129 24500 $$aInternational macroeconomics in the wake of the global financial crisis /$$cLaurent Ferrara, Ignacio Hernando, Daniela Marconi, editors. 000890129 264_1 $$aCham, Switzerland :$$bSpringer,$$c[2018] 000890129 300__ $$a1 online resource. 000890129 336__ $$atext$$btxt$$2rdacontent 000890129 337__ $$acomputer$$bc$$2rdamedia 000890129 338__ $$aonline resource$$bcr$$2rdacarrier 000890129 347__ $$atext file$$bPDF$$2rda 000890129 4901_ $$aFinancial and monetary policy studies ;$$v46 000890129 504__ $$aIncludes bibliographical references. 000890129 5050_ $$aIntro; 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. 000890129 5058_ $$a4 Insights from Economic History; 4.1 TFP and Population; 4.2 Human Capital; 5 Conclusion; References; Growth Potential in Emerging Countries; 1 Introduction; 2 The Recent Growth Phases of EMEs; 3 Cyclical and Structural Components of the Slowdown in Major EMEs; 4 Labour Productivity; 5 Labour Productivity Gains: Within- and Across-Sector Effects; 6 Labour Supply: Quantity and Quality Issues; 7 Conclusion; References; What are the Drivers of TFP Growth? An Empirical Assessment; 1 Introduction; 2 Growth Accounting Methodology and Data; 3 TFP Growth Determinants; 4 The Econometric Strategy. 000890129 5058_ $$a4.1 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. 000890129 5058_ $$a3 Trade Weakness: The Cycle and the Trend; 4 Forecasting Trade; 5 Conclusion; References; The Role of Debt Dynamics in US Household Consumption; 1 Introduction; 2 Illusions About Private Consumption and Debt Sustainability; 2.1 A Credit and Asset Prices Boom that Boosts US Private Consumption and GDP; 2.2 An Illusion of Household Balance Sheet Sustainability Caught Back by the Deleveraging Reality; 3 A Consistent Stock-Flow Approach for Debt Dynamics; 4 Modelling US Private Consumption with Debt Flows Dynamics; 5 Conclusions; References. 000890129 5058_ $$aExplaining 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. 000890129 506__ $$aAccess limited to authorized users. 000890129 520__ $$aThis book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions. 000890129 588__ $$aOnline resource; title from PDF title page (viewed June 18, 2018). 000890129 650_0 $$aMacroeconomics. 000890129 650_0 $$aInternational economic relations. 000890129 650_0 $$aCapital market. 000890129 650_0 $$aEconomic development. 000890129 7001_ $$aFerrara, Laurent,$$eeditor. 000890129 7001_ $$aHernando, Ignacio,$$eeditor. 000890129 7001_ $$aMarconi, D.$$q(Daniela),$$eeditor. 000890129 77608 $$iPrint version: $$z9783319790749 000890129 830_0 $$aFinancial and monetary policy studies ;$$v46. 000890129 852__ $$bebk 000890129 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-79075-6$$zOnline Access$$91397441.1 000890129 909CO $$ooai:library.usi.edu:890129$$pGLOBAL_SET 000890129 980__ $$aEBOOK 000890129 980__ $$aBIB 000890129 982__ $$aEbook 000890129 983__ $$aOnline 000890129 994__ $$a92$$bISE