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Global macro-financial cycles and spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020
(output, consumption, and investment) and financial variables (equity and house prices, and interest rates). We find that the …
Persistent link: https://www.econbiz.de/10012178610
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Resolving puzzles of monetary policy transmission in emerging markets
Ha, Jongrim; Kim, Dohan; Kose, M. Ayhan; Prasad, Eswar S. - 2024
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...
Persistent link: https://www.econbiz.de/10015084194
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How do trade and financial integration affect the relationship between growth and volatility?
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2006
The influential work of Ramey and Ramey (1995) highlighted an empirical relationship that has now come to be regarded as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the context of globalization a term typically used to...
Persistent link: https://www.econbiz.de/10003464194
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Does openness to international financial flows contribute to productivity growth?
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2008
direct investment ; portfolio equity ; debt ; total factor productivity … 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 effects on productivity growth. This paper provides a comprehensive analysis …
Persistent link: https://www.econbiz.de/10003747653
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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