Showing 1 - 10 of 17
Per capita carbon emissions are an important concept in international negotiations of climate policies and also in future projections of aggregate carbon emissions. This paper argues that the convergence studies on per capita carbon emissions in the literature are theoretically biased because...
Persistent link: https://www.econbiz.de/10012836926
, economic structure and trade patterns. The results suggest that demographic change in different regions of the world economy …The world will experience dramatic demographic change over this century. This paper examines the impacts of this global … demographic change on the Australian economy at both the aggregate and sectoral levels in a global multi-region and multi …
Persistent link: https://www.econbiz.de/10012838076
demographic shocks in six regions of the world economy to understand how each shock individually affects the world economy and … change will have significant impacts on each region's GDP, which will change the landscape of the world economy. However, the …The world has been experiencing dramatic demographic change since the 1950s, with almost all countries facing ageing …
Persistent link: https://www.econbiz.de/10012838254
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012841152
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/10012841432
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …
Persistent link: https://www.econbiz.de/10012841841
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012841869
We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...
Persistent link: https://www.econbiz.de/10012890622
In this paper, we use a multi-region model of the world economy to analyze the economic and environmental outcomes that … economy, meaning that macroeconomic outcomes across countries depend not only on their own commitments but also on those of … the rest of the world. We also explore how outcomes could change if select countries (United States, China and Australia …
Persistent link: https://www.econbiz.de/10012894751
Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....
Persistent link: https://www.econbiz.de/10012984518