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Has Globalization Really Increased Business Cycle Synchronization?

Monnet, Eric - 2016

period is not associated with more output synchronization at the global level. The world business cycle was as strong during … level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world …. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this …

Persistent link: https://www.econbiz.de/10012993729

Measuring Global and Country-Specific Uncertainty

Ozturk, Ezgi O. - 2017

Motivated by the literature on the capital asset pricing model, we decompose the uncertaintyof a typical forecaster into common and idiosyncratic uncertainty. Using individual surveydata from the Consensus Forecasts over the period of 1989-2014, we develop monthlymeasures of macroeconomic...

Persistent link: https://www.econbiz.de/10012942353

Interconnectedness of Global Systemically-Important Banks and Insurers

Malik, Sheheryar - 2017

Interconnectedness among global systemically important banks (GSIBs) and global systemically important insurers (GSIIs) has important financial stability implications. This paper examines connectedness among United States, European and Asian GSIBs and GSIIs, using publicly-available daily equity...

Persistent link: https://www.econbiz.de/10012944965

Why is Labor Receiving a Smaller Share of Global Income? Theory and Empirical Evidence

Dao, Mai - 2017

This paper documents the downward trend in the labor share of global income since the early 1990s, as well as its heterogeneous evolution across countries, industries and worker skill groups, using a newly assembled dataset, and analyzes the drivers behind it. Technological progress, along with...

Persistent link: https://www.econbiz.de/10012948533

Capital Account Liberalization and Inequality

Furceri, Davide - 2016

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also...

Persistent link: https://www.econbiz.de/10012999758

Migration and cultural change

Rapoport, Hillel; Sardoschau, Sulin; Silve, Arthur - 2020

Persistent link: https://www.econbiz.de/10012437121

Global giants and local stars: how changes in brand ownership affect competition

Alviarez, Vanessa; Head, Keith; Mayer, Thierry - 2020

Persistent link: https://www.econbiz.de/10012437125

Nonlinearities and the determinants of iInequality: new panel evidence

Gravina, Antonio Francesco; Lanzafame, Matteo - 2020

Relying on data for a panel of 90 economies over 1970-2015 and System-GMM estimates, we extend the standard Kuznets-curve empirical framework to investigate how financial development, globalisation and technology affect income inequality. Our findings reveal the presence of significant...

Persistent link: https://www.econbiz.de/10012317667

Macroeconomic impacts of global demographic change on Australia

Liu, Weifeng; McKibbin, Warwick J. - 2020

Persistent link: https://www.econbiz.de/10012542145

Source - assembly - sink : value added flows in the global economy

Stehrer, Robert - 2021

In this paper we provide a method to characterise global value chains and a related decomposition of bilateral gross exports by distinguishing three different stages of the value-added flows: (i) the source of value added, (ii) the final assembly stage of a product, and (iii) the final...

Persistent link: https://www.econbiz.de/10012617632