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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
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Financial integration and macroeconomic volatility
Kose, M. Ayhan - In: IMF staff papers 50 (2003) Special issue, pp. 119-142
Persistent link: https://www.econbiz.de/10001794135
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China's emergence in the world economy and business cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011
world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy … world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global …
Persistent link: https://www.econbiz.de/10009311486
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How does globalization affect the synchronization of business cycles?
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001745312
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How does financial globalization affect risk sharing? : Patterns and channels
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10003586563