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The Slowdown in Global Trade : A Symptom of a Weak Recovery

Aslam, Aqib - 2018

Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

Persistent link: https://www.econbiz.de/10012928627

The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012828220

Gender and Employment in the COVID-19 Recession : Evidence on “She-Cessions”

Bluedorn, John C.; Caselli, Francesca; Hansen, Niels-Jakob - 2022

Early evidence on the pandemic’s effects pointed to women’s employment falling disproportionately, leading observers to call a “she-cession.” This paper documents the extent and persistence of this phenomenon in a quarterly sample of 38 advanced and emerging market economies. We show...

Persistent link: https://www.econbiz.de/10013302778

Macro-Financial Stability in the COVID-19 Crisis : Some Reflections

Adrian, Tobias; Natalucci, Fabio; Qureshi, Mahvash Saeed - 2023

The global financial system has shown remarkable resilience during the COVID-19 pandemic, despite a sharp decline in economic activity and the initial financial market upheaval in March 2020. This paper takes stock of the factors that contributed to this resilience, focusing on the role of...

Persistent link: https://www.econbiz.de/10014258592

Did Output Recover from the Asian Crisis?

Cerra, Valerie; Saxena, Sweta C. - 2005

This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...

Persistent link: https://www.econbiz.de/10014073466

Singapore's Export Elasticities : A Disaggregated Look into the Role of Global Value Chains and Economic Complexity

Arbatli, Elif C. - 2016

Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP …. With the rise of highly diversified cross-border production networks, Singapore has come to play an integral role in the …, using disaggregate industry/product level trade data, we revisit Singapore's export elasticities and find that growing …

Persistent link: https://www.econbiz.de/10012995277

Quality and the Great Trade Collapse

Chen, Natalie - 2016

We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...

Persistent link: https://www.econbiz.de/10012996075

Household Leverage and the Recession

Jones, Callum - 2018

We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes...

Persistent link: https://www.econbiz.de/10012910353

Real Sectoral Spillovers : A Dynamic Factor Analysis of the Great Recession

Li, Nan - 2018

This paper studies changes in the transmission of common versus sectoral idiosyncraticshocks across different U.S. nonfarm business sectors during the Great Recession, andevaluates the cross-sectoral spillovers. Shocks are identified by dynamic factor methods. Wefind that the Great Recession is...

Persistent link: https://www.econbiz.de/10012913944

Interconnectedness, Systemic Crises and Recessions

Espinosa-Vega, Marco A. - 2015

This relatively simple model attempts to capture and integrate four widely held views about financial crises. [1] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] Lack of information about the quality of bank portfolios...

Persistent link: https://www.econbiz.de/10013025484

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