Narrow search
Showing 1 - 10 of 310
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
Cover Image
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
Cover Image
Global business cycles : convergence or decoupling?
Kose, M. Ayhan (contributor);  … - 2008
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/10003693703
Cover Image
China's emergence in the world economy and business cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011
The international business cycle is very important for Latin America's economic performance as the recent global crisis … vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the … 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
Cover Image
Identifying the common component of international economic fluctuations : a new approach
Lumsdaine, Robin L.; Prasad, Eswar S. - 2002
In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows...
Persistent link: https://www.econbiz.de/10011411238
Cover Image
Following Germany's lead : using international monetary linkages to identify the effect of monetary policy on the economy
Di Giovanni, Julian (contributor);  … - 2005
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10002630639
Cover Image
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
Cover Image
The impact of the unemployment benefit system on international spillover effects
Beissinger, Thomas; Büsse, Oliver - 2002
Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...
Persistent link: https://www.econbiz.de/10011415263
Cover Image
The legacies of slavery in and out of Africa
Bertocchi, Graziella - 2015
consequences of the slave trade on the "receiving" countries in the Americas. Here I distinguish between the case of Latin America …
Persistent link: https://www.econbiz.de/10011283184
Cover Image
The effect of job loss on health : evidence from biomarkers
Michaud, Pierre-Carl; Crimmins, Eileen M.; Hurd, Michael D. - 2014
The effect of job loss on health may play an important role in the development of the SES-health gradient. In this paper, we estimate the effect of job loss on objective measures of physiological dysregulation using longitudinal data from the Health and Retirement Study and biomarker measures...
Persistent link: https://www.econbiz.de/10010423793