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Adverse welfare shocks and pro-environmental behaviour : evidence from the global economic crisis

Ivlevs, Artjoms - 2017

This paper examines the effects of the 2008–09 global economic crisis on people's pro-environmental behaviour and …

Persistent link: https://www.econbiz.de/10011760108

Uncertainty shocks and unemployment dynamics

Kandoussi, Malak; Langot, François - 2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012243477

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 … global macro factor plays a major role in explaining G-7 business cycles, but there are also spillovers from equity and house …

Persistent link: https://www.econbiz.de/10012178610

The recovery from the Great Recession: a long, evolving expansion

Shambaugh, Jay C.; Strain, Michael R. - 2021

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in …

Persistent link: https://www.econbiz.de/10012405441

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

Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012226632

On the exposure of the BRIC countries to global economic shocks

Belke, Ansgar; Dreger, Christian; Dubova, Irina - 2017

countries, China plays a crucial role in determining global trade and oil prices. Hence, the change in the Chinese growth …

Persistent link: https://www.econbiz.de/10011631497

New moneys under the new normal? : bitcoin and gold interdependence during COVID times

Agnese, Pablo; Thoss, Jonathan - 2021

Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be …

Persistent link: https://www.econbiz.de/10012517614

Wage flexibility and the Great Recession : the response of the Irish labour market

Doris, Aedín; O'Neill, Donal; Sweetman, Olive B. - 2013

There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity have been hampered by small samples and measurement...

Persistent link: https://www.econbiz.de/10010223423

Crises, what crises?

Campos, Nauro (contributor); Hsiao, Cheng (contributor); … - 2006

Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...

Persistent link: https://www.econbiz.de/10003348532