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stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …
Persistent link: https://www.econbiz.de/10013256317
activity and policies and presents plausible scenarios for the global economy in 2022-24. We report three major findings. First … happened recently. Second, the global economy is in the midst of one of the most internationally synchronous episodes of …
Persistent link: https://www.econbiz.de/10013383374
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This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...
Persistent link: https://www.econbiz.de/10014404018
We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...
Persistent link: https://www.econbiz.de/10012584054
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, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012841152
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012841602