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We use a non-linear factor-augmented vector-autoregressive model to evaluate international effects of an unexpected decrease in euro area policy rates. Given the current environment of ultra low or negative interest rates, we especially focus on potential differences in the transmission of the...
Persistent link: https://www.econbiz.de/10011621228
countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of … increased significantly in the post-crisis period, suggesting "recoupling", rather than decoupling, in recent years. Output …
Persistent link: https://www.econbiz.de/10011283453
We propose and implement an index of macroeconomic vulnerability to foreign shocks based on a structural time-varying bayesianVARwith a block-exogeneity hypothesis for a given pair of a large economy and a small open economy. The index is based on the sum of the responses of the small open...
Persistent link: https://www.econbiz.de/10012814956
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The need for a better understanding of radical uncertainty might have never been greater. Ill-preparedness for natural hazards, a resurgence of serious public health concerns or illusions of control over unruly technology question the extent to which we can 'really' shape the world around us....
Persistent link: https://www.econbiz.de/10014501875
resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the … importance of resilience thinking and the formulation of appropriate policy interventions to build economic resilience … shocks. This is to say that such policies should be underpinned by policy analysis and research on resilience systems. There …
Persistent link: https://www.econbiz.de/10011448778
and increase their intentions to abandon their firms. The authors also explore entrepreneurial resilience as a possible …
Persistent link: https://www.econbiz.de/10012038350
manager) and operational disruptions (e.g., supply glitches). We examine the effectiveness of resilience strategies in … buffering against disruptions. We propose the use of relational resilience - i.e., the availability of suitable cover for the … resource resilience (e.g., maintaining safety stock) helps recover from operational disruptions. In the absence of publicly …
Persistent link: https://www.econbiz.de/10011980267
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