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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2008
productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …
Persistent link: https://www.econbiz.de/10005769199
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How Has Nafta Affected the Mexican Economy? Review and Evidence
Kose, M. Ayhan; Towe, Christopher M.; Meredith, Guy - International Monetary Fund (IMF) - 2004
This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business...
Persistent link: https://www.econbiz.de/10005599680
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How Different is the Cyclical Behavior of Home Production Across Countries?
Kose, M. Ayhan; Blankenau, William - International Monetary Fund (IMF) - 2006
This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to...
Persistent link: https://www.econbiz.de/10005825641
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Globalization, the Business Cycle, and Macroeconomic Monitoring
Aruoba, S. Boragan; Terrones, Marco; Kose, M. Ayhan; … - International Monetary Fund (IMF) - 2011
We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...
Persistent link: https://www.econbiz.de/10008839326
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Economic Integration, Business Cycle, and Productivity in North America
Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2004
productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …
Persistent link: https://www.econbiz.de/10005769318
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Understanding the Evolution of World Business Cycles
Kose, M. Ayhan; Otrok, Christopher; Whiteman, Charles H. - International Monetary Fund (IMF) - 2005
, consumption, and investment volatility in the globalization period than in the BW period. These findings suggest that the degree …
Persistent link: https://www.econbiz.de/10005825664
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Global Business Cycles; Convergence or Decoupling?
Kose, M. Ayhan; Prasad, Eswar; Otrok, Christopher - International Monetary Fund (IMF) - 2008
-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common …
Persistent link: https://www.econbiz.de/10005825794
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What Happens During Recessions, Crunches, and Busts?
Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2008
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit...
Persistent link: https://www.econbiz.de/10005769300