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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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China's emergence in the world economy and business cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011
world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … 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 …
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
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Identifying the common component of international economic fluctuations : a new approach
Lumsdaine, Robin L.; Prasad, Eswar S. - 2002
common component, we find evidence for a "world business cycle" as well as evidence for a distinct European common component …
Persistent link: https://www.econbiz.de/10011411238
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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
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From mancession to shecession: women's employment in regular and pandemic recessions
Alon, Titan; Coskun, Sena; Doepke, Matthias; Koll, David; … - 2021
We examine the impact of the global recession triggered by the Covid-19 pandemic on women's versus men's employment. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the moniker "mancessions," we show that the pandemic...
Persistent link: https://www.econbiz.de/10012493353
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Do firms demand temporary workers when they face workload fluctuation? : cross-country firm-level evidence on the conditioning effect of employment protection
Dräger, Vanessa; Marx, Paul - 2012
Although the negative economic effects of temporary employment are widely discussed, cross-country research on firms' demand for temporary employment is rare. National studies indicate that workload fluctuations are one major motive for firms to employ temporary workers. By studying a novel data...
Persistent link: https://www.econbiz.de/10009629715
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Volatility and growth : governments are key
Jetter, Michael - 2013
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
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Policies to help the working class in the aftermath of COVID-19: lessons from the Great Recession
Burkhauser, Richard V.; Corinth, Kevin; Holtz-Eakin, Douglas - 2021
The COVID-19 pandemic and the associated government mandated shutdowns caused a historic shock to the U.S. economy and a disproportionate job loss concentrated among the working class. While an unprecedented social safety net policy response successfully offset earnings loses among lower-wage...
Persistent link: https://www.econbiz.de/10012485440