Similar Search Results

Agricultural Price Shocks and Business Cycles - A Global Warning for Advanced Economies

De Winne, Jasmien - 2018

For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....

Persistent link: https://www.econbiz.de/10012915574

Risk Matters: A Comment

Born, Benjamin; Pfeifer, Johannes - CESifo - 2014

Jesús Fernández-Villaverde, Pablo A. Guerrón-Quintana, Juan F. Rubio-Ramírez and Martín Uribe (2011) find that risk shocks are an important factor in explaining emerging market business cycles. We show that their model needs to be recalibrated because it underpredicts the targeted business...

Persistent link: https://www.econbiz.de/10010772272

Global Banking, Trade, and the International Transmission of the Great Recession

Born, Alexandra - 2018

The global financial crisis of 2007-2009 spread through different channels from its origin in the United States to large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify their relative importance for this transmission....

Persistent link: https://www.econbiz.de/10012920861

Oil Prices and the Global Economy : Is it Different this Time Around?

Mohaddes, Kamiar - 2016

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower...

Persistent link: https://www.econbiz.de/10012985449

Risk Matters : A Comment

Born, Benjamin - 2014

Persistent link: https://www.econbiz.de/10013053061

Uncertainty and Economic Activity: A Global Perspective

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - CESifo - 2014

The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to slow down and contract. In this paper, we study the...

Persistent link: https://www.econbiz.de/10010757723

Uncertainty and Economic Activity : A Multi-Country Perspective

Cesa-Bianchi, Ambrogio - 2018

Measures of economic uncertainty are countercyclical, but economic theory does not provide definite guidance on the direction of causation between uncertainty and the business cycle. This paper proposes a new multi-country approach to the analysis of the interaction between uncertainty and...

Persistent link: https://www.econbiz.de/10012920871

Uncertainty and Economic Activity

Cesa-Bianchi, Ambrogio - 2014

Persistent link: https://www.econbiz.de/10013054500

The VARying Effect of Foreign Shocks in Central and Eastern Europe

Jiménez-Rodríguez, Rebeca - 2013

shocks – on key macroeconomic variables in ten Central and Eastern European (CEE) countries by using near-VAR models and …, particularly along the years 2007 and 2008, suggesting the very relevant impact of the recent global crisis on CEE economies … to such shocks are strongly correlated for selected CEE countries. Nevertheless, our results also shed light on …

Persistent link: https://www.econbiz.de/10013094654

Exchange Rate Regime and Wage Determination in Central and Eastern Europe

Schnabl, Gunther - 2013

After the eastern enlargement of the European Union due to increasing labor market integration, wage determination and monetary integration in Central and Eastern Europe have become key issues in European economic policy making. Based on the Scandinavian model of wage adjustment by Lindbeck...

Persistent link: https://www.econbiz.de/10012753316

1
2
3
4
5
6
7
8
9
10
Next
Last