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Remittances Over the Business Cycle : Theory and Evidence

De, Supriyo - 2016

This paper examines the behavior of remittances over the business cycle and their potential to act as a stabilizer during periods of high business cycle volatility. Four main findings are reported. First, in theory, the cyclical behavior of remittances depends on the motives to remit. Second,...

Persistent link: https://www.econbiz.de/10012995941

How Important are Spillovers from Major Emerging Markets?

Huidrom, Raju - 2017

The seven largest emerging market economies - China, India, Brazil, Russia, Mexico, Indonesia, and Turkey - constituted more than one-quarter of global output and more than half of global output growth during 2010-15. These emerging markets, which we call EM7, are also closely integrated with...

Persistent link: https://www.econbiz.de/10012956814

Weakness in Investment Growth : Causes, Implications and Policy Responses

Kose, M. Ayhan - 2017

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …

Persistent link: https://www.econbiz.de/10012961520

Emerging and Developing Economies : Ten Years After the Global Recession

Kose, M. Ayhan - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012841152

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

(output, consumption, and investment) and financial variables (equity and house prices, and interest rates). We find that the …

Persistent link: https://www.econbiz.de/10012841432

Global Recessions

Kose, M. Ayhan - 2020

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global GDP contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity....

Persistent link: https://www.econbiz.de/10012841841

Why Do Fiscal Multipliers Depend on Fiscal Positions?

Huidrom, Raju - 2019

The fiscal position can affect fiscal multipliers through two channels. Through the Ricardian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. Through the interest rate channel, fiscal stimulus...

Persistent link: https://www.econbiz.de/10012889833

Do Fiscal Multipliers Depend on Fiscal Positions?

Huidrom, Raju - 2016

credit risks when stimulus is implemented from a weak initial fiscal position, crowd out private investment; and, a Ricardian …

Persistent link: https://www.econbiz.de/10012988916

Growing apart or moving together? Synchronization of informal and formal economy cycles

Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021

We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990-2018 period, we report two major results. First, fluctuations...

Persistent link: https://www.econbiz.de/10013213504