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The Implications of Liquidity Expansion in China for the US Dollar

Kang, Wensheng - 2016

The value of the US dollar is of major importance to the world economy. Global liquidity has grown sharply in recent …

Persistent link: https://www.econbiz.de/10013000233

Emerging and Developing Economies : Ten Years After the Global Recession

Kose, M. Ayhan - 2020

, 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

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

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

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 …, 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

Debt and Financial Crises

Koh, Wee Chian - 2020

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

World Steel Production : A New Monthly Indicator of Global Real Economic Activity

Ravazzolo, Francesco - 2017

In this paper we propose a new indicator of monthly global real economic activity, named world steel production. We use … world steel production, OECD industrial production index and Kilian's rea index to forecast world real GDP, and key … commodity prices. We find that world steel production generates large statistically significant gains in forecasting world real …

Persistent link: https://www.econbiz.de/10012953420

Global Commodity Prices and Global Stock Volatility Shocks : Effects Across Countries

Kang, Wensheng - 2017

other and the economy in a gradual and endogenous adjustment process; (ii) the impact of a commodity price shock on global …; (v) the effects of global stock volatility shocks on the economy are heterogeneous across nations and relatively larger …

Persistent link: https://www.econbiz.de/10012957071

Trade Uncertainty and Income Inequality

Brueckner, Markus - 2017

smaller. Trade uncertainty has no significant effect on income inequality in countries that are world leaders in education …

Persistent link: https://www.econbiz.de/10012959962

Financial and Non-Financial Global Stock Market Volatility Shocks

Kang, Wensheng - 2018

We decompose global stock market volatility shocks into financial originated shocks and non-financial originated shocks. Global stock market volatility shocks arising from financial sources reduce substantially more global outputs and inflation than non-financial sources shocks. Financial stock...

Persistent link: https://www.econbiz.de/10012908108

Global Inflation Synchronization

Ha, Jongrim - 2019

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