Showing 1 - 10 of 22
The global economy is losing steam. After a weak start in the beginning of this year, world production accelerated … 2020 world output is expected to rise by 3.4 percent. Despite the gradual global economic slowdown, capacity utilization in …
Persistent link: https://www.econbiz.de/10012060516
World economic growth is moderating accompanied by a broad-based deterioration in economic sentiment. Following a … development. We expect the global economy to expand at a rate of 3.7 percent this year, followed by 3.4 next year. This is a … to expect world production to increase by 3.4 percent. The escalation of trade conflicts, the possibility of a “hard …
Persistent link: https://www.econbiz.de/10012060521
World economic growth has picked up from the sluggish pace registered at the start of the year. We expect global growth …
Persistent link: https://www.econbiz.de/10012061456
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012233649
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/10012479322
The Covid-19 pandemic is a major test for governments around the world. We study the political consequences of (mis …
Persistent link: https://www.econbiz.de/10012269818
, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
Persistent link: https://www.econbiz.de/10012463732
Economic theory has identified a number of channels through which openness to international financial flows could raise 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...
Persistent link: https://www.econbiz.de/10012464090
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/10012464278
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. We attempt to provide a unified conceptual framework for organizing this vast and growing...
Persistent link: https://www.econbiz.de/10012466181