Showing 1 - 10 of 211,261
Persistent link: https://www.econbiz.de/10011754326
Persistent link: https://www.econbiz.de/10013482555
Persistent link: https://www.econbiz.de/10012298775
Covid-19. We show that there exist threshold effects in the relationship between output growth and excess global volatility … factors from trade-related spillovers, and identify the Covid-19 shock using GDP growth forecast revisions of the IMF in 2020Q … observations. Our results show that the Covid-19 pandemic will lead to a significant fall in world output that is most likely long …
Persistent link: https://www.econbiz.de/10012293790
Persistent link: https://www.econbiz.de/10013206041
Persistent link: https://www.econbiz.de/10009667111
According to a growing body of empirical literature, global shocks have become less important for business cycles in industrialized countries and emerging market economies since the mid-1980s. In this paper, we analyze the question of what might have caused a decoupling from the global business...
Persistent link: https://www.econbiz.de/10011584095
Persistent link: https://www.econbiz.de/10009579840
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
Persistent link: https://www.econbiz.de/10012224963