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Diversion of tourism flows in the Asia & Pacific region : lessons for COVID-19 recovery
Balasundharam, Vybhavi; Koepke, Robin - 2021
The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies … in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery … of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism …
Persistent link: https://www.econbiz.de/10012796804
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Korea's growth prospects : overcoming demographics and COVID-19
Swiston, Andrew - 2021
Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...
Persistent link: https://www.econbiz.de/10012604751
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How informative are real time output gap estimates in Europe?
Kangur, Alvar; Kirabaeva, Koralai; Natal, Jean-Marc; … - 2019
We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have...
Persistent link: https://www.econbiz.de/10012103755
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What happens if central banks misdiagnose a slowdown in potential output growth?
Bakker, Bas B. - 2019
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...
Persistent link: https://www.econbiz.de/10012103759
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Multivariate filter estimation of potential output for the United States : an extension with labor market hysteresis
Alichi, Ali; Avetisyan, Hayk; Laxton, Douglas; … - 2019
This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause persistent damage (improvement) to the labor market,...
Persistent link: https://www.econbiz.de/10012009370
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Monetary policy transmission mechanisms in Pacific Island countries
Yang, Yongzheng; Davies, Matt; Wang, Shengzu; Dunn, … - 2011
Persistent link: https://www.econbiz.de/10009486305
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Determinants of remittances : evidence from Tonga
Lin, Hannah Huidan - 2011
Persistent link: https://www.econbiz.de/10009488610
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The Pacific speed of growth : how fast can it be and what determines it?
Yang, Yongzheng; Chen, Hong; Singh, Shiu Raj; Singh, Baljeet - 2013
Persistent link: https://www.econbiz.de/10009756815
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Tracking trade from space : an application to Pacific Island countries
Arslanalp, Serkan; Koepke, Robin; Verschuur, Jasper - 2021
This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose...
Persistent link: https://www.econbiz.de/10012796801
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Pacific Island countries : in search of a trade strategy
Chen, Hong; Rauqeuqe, Lanieta; Singh, Shiu Raj; Wu, Yiqun; … - 2014
tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …
Persistent link: https://www.econbiz.de/10012671844