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The Global Financial Crisis; An Anatomy of Global Growth

Matheson, Troy - International Monetary Fund (IMF) - 2013

The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and pay particular attention to the period around the global financial crisis. A...

Persistent link: https://www.econbiz.de/10011242334

The Impact of the Great Recessionon Emerging Markets

Salman, Ferhan; Chivakul, Mali; Llaudes, Ricardo - International Monetary Fund (IMF) - 2010

This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the crisis was more pronounced in those EMs that had initial weaker fundamentals and greater financial and trade linkages. This effect is observed...

Persistent link: https://www.econbiz.de/10008727798

Growth Dynamics; The Myth of Economic Recovery

Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2005

Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...

Persistent link: https://www.econbiz.de/10005604978

International Evidenceon Recovery From Recessions

Cerra, Valerie; Saxena, Sweta Chaman; Panizza, Ugo - International Monetary Fund (IMF) - 2009

Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a...

Persistent link: https://www.econbiz.de/10008528641

Creditless Recoveries

International Monetary Fund (IMF); International … - 2011

Recoveries that occur in the absence of credit growth are often dubbed miracles and named after mythical creatures. Yet these are not rare animals, and are not always miracles. About one out of five recoveries is "creditless", and average growth during these episodes is about a third lower than...

Persistent link: https://www.econbiz.de/10008876578

Tests of German Resilience

Bornhorst, Fabian; Mody, Ashoka - International Monetary Fund (IMF) - 2012

. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and …

Persistent link: https://www.econbiz.de/10011142028

Indiaâ€™s Recent Macroeconomic Performance: An Assessment and Way Forward

Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014

The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...

Persistent link: https://www.econbiz.de/10011142116

How Solid Is Economic Growth in the East African Community?

Gigineishvili, Nikoloz; Mauro, Paolo; Wang, Ke - International Monetary Fund (IMF) - 2014

transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide …

Persistent link: https://www.econbiz.de/10011123874

The Pacific Speed of Growth; How Fast Can It Be and What Determines It?

Yang, Yongzheng; Chen, Hong; Singh, Shiu raj; Singh, Baljeet - International Monetary Fund (IMF) - 2013

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …

Persistent link: https://www.econbiz.de/10011242206

Aid, Exports, and Growth; A Time-Series Perspective on the Dutch Disease Hypothesis

Kang, Joong Shik; Prati, Alessandro; Rebucci, Alessandro - International Monetary Fund (IMF) - 2013

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports …, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …

Persistent link: https://www.econbiz.de/10011242264