Narrow search
Showing 1 - 10 of 80
Cover Image
On the Sources and Consequences of Oil Price Shocks; The Role of Storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2012
demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility …. We find that business-cycle driven oil demand shocks are the most important drivers of U.S. oil price fluctuations during … supply shocks in driving oil price fluctuations. Our results also confirm that a change in the composition of shocks helps …
Persistent link: https://www.econbiz.de/10011242253
Cover Image
Oil and the World Economy; Some Possible Futures
Kumhof, Michael; Muir, Dirk - International Monetary Fund (IMF) - 2012
permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional …
Persistent link: https://www.econbiz.de/10011242343
Cover Image
On the Sources of Oil Price Fluctuations
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2009
and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …
Persistent link: https://www.econbiz.de/10008561072
Cover Image
Exploring the Dynamics of Global Liquidity
Sally F. (Sally Fangnan) Chen; Liu, Philip; Maechler, … - International Monetary Fund (IMF) - 2012
between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …
Persistent link: https://www.econbiz.de/10010790397
Cover Image
The Domestic Credit Supply Response to International Bank Deleveraging; Is Asia Different?
Aiyar, Shekhar; Jain-Chandra, Sonali - International Monetary Fund (IMF) - 2012
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia … foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However …, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a …
Persistent link: https://www.econbiz.de/10011242438
Cover Image
The Comovement in Commodity Prices; Sources and Implications
Alquist, Ron; Coibion, Olivier - International Monetary Fund (IMF) - 2013
We present a simple macroeconomic model with a continuum of primary commodities used in the production of the final good, such that the real prices of commodities have a factor structure. One factor captures the combined contribution of all aggregate shocks which have no direct effects on...
Persistent link: https://www.econbiz.de/10011242285
Cover Image
Coordinating Climate and Trade Policies; Pareto Efficiency and the Role of Border Tax Adjustments
Keen, Michael; Kotsogiannis, Christos - International Monetary Fund (IMF) - 2012
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country...
Persistent link: https://www.econbiz.de/10011242393
Cover Image
The Convergence Dynamics of a Transition Economy; The Case of the Czech Republic
Bruha, Jan; Podpiera, Jiri; Polák, Stanislav - International Monetary Fund (IMF) - 2007
In this paper we develop a two-country dynamic general equilibrium model by means of which we seek to explain the long-run paths of a converging emerging market economy. We borrow a paradigm from the New Open Economy Macroeconomics literature and amend it to address specific features such as...
Persistent link: https://www.econbiz.de/10005768774
Cover Image
International Trade, Distortions and Long-Run Economic Growth
Lee, Jong-Wha - International Monetary Fund (IMF) - 1992
The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country...
Persistent link: https://www.econbiz.de/10005599438
Cover Image
Trade, Inequality, and the Political Economy of Institutions
Levchenko, Andrei A.; Ão, Quı Toàn - International Monetary Fund (IMF) - 2006
We analyze the relationship between international trade and the quality of economic institutions, such as contract enforcement, rule of law, and property rights. In our model, firms differ in their preferences for institutional quality, which is determined endogenously in a political economy...
Persistent link: https://www.econbiz.de/10005599659