Narrow search
Showing 1 - 10 of 1,553
Cover Image
Optimal sovereign default
Adam, Klaus; Grill, Michael - 2012
Persistent link: https://www.econbiz.de/10009664050
Cover Image
Credit booms, debt overhang and secular stagnation
Illing, Gerhard; Ono, Yoshiyasu; Schlegl, Matthias - 2017
Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in which we incorporate financial imperfections to study...
Persistent link: https://www.econbiz.de/10011774952
Cover Image
Supply, demand and monetary policy shocks in a multi-country New Keynesian model
Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2010
-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …
Persistent link: https://www.econbiz.de/10003974674
Cover Image
Formality, informality, and social welfare
Bennett, John (contributor) - 2008
An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...
Persistent link: https://www.econbiz.de/10003724143
Cover Image
Different no more : country spreads in advanced and emerging economies
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2020
Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...
Persistent link: https://www.econbiz.de/10012162762
Cover Image
Growth dynamics : the myth of economic recovery
Cerra, Valerie; Saxena, Sweta Chaman - In: The American economic review 98 (2008) 1, pp. 439-457
Persistent link: https://www.econbiz.de/10003740721
Cover Image
Technology shocks : novel implications for international business cycles
Raffo, Andrea - 2010
Persistent link: https://www.econbiz.de/10008668097
Cover Image
Growth dynamics : the myth of economic recovery: comment
Mueller, Hannes - In: The American economic review 102 (2012) 7, pp. 3774-3777
Persistent link: https://www.econbiz.de/10009714658
Cover Image
Agricultural price shocks and business cycles a global warning for advanced economies
De Winne, Jasmien; Peersman, Gert - 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/10011846251
Cover Image
Global macro-financial cycles and spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 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/10012178610