Now showing items 1-10 of 10

    • Commodity Price Volatility and the Sources of Growth 

      Cavalcanti, Tiago V. de V.; Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, 2011-01-26)
      This paper studies the impact of the level and volatility of commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human ...
    • Commodity Price Volatility and the Sources of Growth 

      de V. Cavalcanti, Tiago V.; Mohaddes, Kamiar; Raissi, Mehdi (Wiley, 2014-09-09)
      This paper studies the impact of the growth and volatility of commodity terms of trade (CToT) on economic growth, total factor productivity, physical capital accumulation and human capital acquisition. We use the standard ...
    • The Differential Effects of Oil Demand and Supply Shocks on the Global Economy 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Maziar; Raissi, Mehdi (Faculty of Economics, University of Cambridge, UK, 2012-11-01)
      We employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2.2011Q2, to discriminate between supply-driven and demand-driven ...
    • The differential effects of oil demand and supply shocks on the global economy 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Maziar; Raissi, Mehdi (Elsevier, 2014-04-05)
      We employ a set of sign restrictions on the impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, as well as bounds on impact price elasticities of oil supply and oil ...
    • The Global Impact of the Systemic Economies and MENA Business Cycles 

      Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, University of Cambridge, UK, 2012-11-01)
      This paper analyses spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock ...
    • Is There a Debt-threshold Effect on Output Growth? 

      Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; Raissi, Mehdi (MIT Press, 2016)
      This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. ...
    • A Linear Quadratic Approach to Optimal Monetary Policy with Unemployment and Sticky Prices: The Case of a Distorted Steady State 

      Raissi, Mehdi (Faculty of Economics, 2011-04-15)
      Ravenna and Walsh (2010) develop a linear quadratic framework for optimal monetary policy analysis in a New Keynesian model featuring search and matching frictions and show that maximization of expected utility of the ...
    • Long-Run Effects in Large Heterogeneous Panel Data Models with Cross-Sectionally Correlated Errors 

      Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; Raissi, Mehdi (Emerald Group Publishing Ltd., 2016)
      This paper develops a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in large dynamic heterogeneous panel data models with cross-sectionally dependent errors. The asymptotic ...
    • Oil Prices, External Income, and Growth: Lessons from Jordan 

      Mohaddes, Kamiar; Raissi, Mehdi (Faculty of Economics, 2011-12-08)
      This paper extends the long-run growth model of Esfahani et al. (2009) to a labour exporting country that receives large inflows of external income - the sum of remittances, FDI and general government transfers - from major ...
    • Persistent Habits, optimal Monetary Policy Inertia and Interest Rate Smoothing 

      Corrado, Luisa; Holly, Sean; Raissi, Mehdi (Faculty of Economics, University of Cambridge, UK, 2012-10-29)
      Dynamic stochastic general equilibrium models featuring imperfect competition and nominal rigidities have become central for the analysis of the monetary transmission mechanism and for understanding the conduct of monetary ...