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Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence
Ozhan, Galip - 2021
This paper studies the role of the financial sector in a↵ecting domestic resource allocation and cross-border capital flows. I develop a quantitative, two-country, macroeconomic model in which banks face endogenous and occasionally binding leverage constraints. Banks lend funds to be invested...
Persistent link: https://www.econbiz.de/10013248844
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Monetary and Fiscal Policies in a Sudden Stop : Is Tighter Brighter?
Ortiz, Alberto - 2012
In this paper we ask whether tighter monetary and fiscal policies are the right way to face a sudden stop (a sudden curtailment in capital flows) in a typical emerging economy. We develop exogenous measures of fiscal and monetary policy response and conclude that tighter policies are associated...
Persistent link: https://www.econbiz.de/10013104754
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Boom and bust : the fiscal implications of fossil fuel phase-out in six large emerging economies
Laan, Tara; Main, Andréa Giulio - 2022
Persistent link: https://www.econbiz.de/10013279797
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New Fiscal Crisis Looming for the U.S
Wind, Serge L. - 2010
, worsening projected deficits.Analysis of foreign governments' holdings of U.S. debt suggests China might be the first major past …
Persistent link: https://www.econbiz.de/10013142255
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Postponing Global Adjustment : An Analysis of the Pending Adjustment of Global Imbalances
Truman, Edwin M. - 2005
Halving the US current account deficit as a share of GDP is likely to impose a burden of $2,350 per capita on the United States, which explains why US policymakers want to postpone adjustment. The rest of the world relies on the economic stimulus of a widening US external deficit, which explains...
Persistent link: https://www.econbiz.de/10014063503
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India’s recent macroeconomic performance : an assessment and way forward
Kapur, Muneesh; Mohan, Rakesh - 2014
Persistent link: https://www.econbiz.de/10010388634
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India's Recent Macroeconomic Performance : An Assessment and Way Forward
Kapur, Muneesh - 2014
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …
Persistent link: https://www.econbiz.de/10013053046
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India’s Recent Macroeconomic Performance : An Assessment and Way Forward
Kapur, Muneesh - 2014
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting …
Persistent link: https://www.econbiz.de/10014411209
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Sudden stops, sovereign risk, and fiscal rules
Gómez González, José Eduardo; Valencia, Oscar M.; … - 2021
This paper studies the effect of implementing fiscal rules on sovereign default risk and on the probability of large capital ow reversals for a large sample of countries including both developed and emerging market economies. Results indicate that fiscal rules are beneficial for macroeconomic...
Persistent link: https://www.econbiz.de/10012586437
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Subnational Fiscal Policy in Large Developing Countries : Some Lessons from the 2008-09 Crisis for Brazil, China and India
Fardoust, Shahrokh - 2017
expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were …
Persistent link: https://www.econbiz.de/10012974480