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Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10012758028
intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world … disturbances. Estimates on a panel of 138 countries over the period 1960-2015 indicate that world shocks explain on average 33 …
Persistent link: https://www.econbiz.de/10012979352
We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10013049697
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups -- industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10013218837
This paper presents the “Ukraine Support Tracker”, which lists and quantifies military, financial and humanitarian aid to Ukraine in the context of the Russia-Ukraine war. This third version covers government commitments between January 24 and May 10, 2022. We now track support by 37...
Persistent link: https://www.econbiz.de/10013198980
This paper introduces the “Ukraine Support Tracker”, which lists and quantifies military, financial and humanitarian aid to Ukraine since Russia’s invasion on February 24, 2022. We measure support from Western governments, namely by G7 and European Union member countries. Due to our focus...
Persistent link: https://www.econbiz.de/10013184140
This paper presents the “Ukraine Support Tracker”, which lists and quantifies military, financial and humanitarian aid to Ukraine in the context of the Russia-Ukraine war. This fourth version covers government commitments made between January 24 and June 7, 2022 and has a new detailed...
Persistent link: https://www.econbiz.de/10013259211
This paper presents the “Ukraine Support Tracker”, which lists and quantifies military, financial and humanitarian aid to Ukraine in the context of the Russia-Ukraine war. This second version covers the period January 24 until April 23, 2022. We measure support from Western governments,...
Persistent link: https://www.econbiz.de/10013190872
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10012464090
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups -- industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10012464278