Narrow search
Showing 1 - 10 of 537
Cover Image
The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru
Roch, Francisco - 2017
This paper presents a comparative analysis of the macroeconomic adjustment in Chile,Colombia, and Peru to commodity … fiscal front,evidence shows that greater fiscal space, like in Chile and Peru, gives more room foraccommodating terms …
Persistent link: https://www.econbiz.de/10012944968
Cover Image
The Differential Effects of Oil Demand and Supply Shocks on the Global Economy
Cashin, Paul Anthony - 2012
-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic … countries/regions over the period 1979-2011Q2, to discriminate - between supply-driven and demand-driven oil-price shocks and to …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10013098275
Cover Image
Crime and the Economy in Mexican States : Heterogeneous Panel Estimates (1993-2012)
Verdugo Yepes, Concepción - 2015
This paper studies the transmission of crime shocks to the economy in a sample of 32 Mexican states over the period from 1993 to 2012. The paper uses a panel structural VAR approach which accounts for the heterogeneity of the dynamic state level responses in GDP, FDI and international migration...
Persistent link: https://www.econbiz.de/10013020268
Cover Image
Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
Cover Image
The Effects of Monetary Policy Shocks on Inequality
Furceri, Davide - 2017
This paper provides new evidence of the effect of monetary policy shocks on income inequality. Using a measure of unanticipated changes in policy rates for a panel of 32 advanced and emerging market countries over the period 1990-2013, the paper finds that contractionary (expansionary) monetary...
Persistent link: https://www.econbiz.de/10012962145
Cover Image
News Shocks in Open Economies : Evidence from Giant Oil Discoveries
Arezki, Rabah - 2015
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output - the delay between a discovery and production is on average 4 to 6 years. We first...
Persistent link: https://www.econbiz.de/10013011202
Cover Image
Asymmetric Non-Commodity Output Responses to Commodity Price Shocks
Wilson, James; Newiak, Monique; Mati, Amine - 2022
This paper focuses on identifying potential asymmetric responses of non-commodity output growth in times of positive and negative commodity terms-of-trade shocks. Using a sample of 27 oil-exporting countries and a panel VAR method, the study finds: 1) the short-and medium-run response of real...
Persistent link: https://www.econbiz.de/10013306794
Cover Image
The Global Trade Slowdown : Cyclical or Structural?
Constantinescu, Cristina - 2015
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10013027665
Cover Image
Fixed Capital Adjustment : Is Latin America Different? Evidence from the Colombian and Mexican Manufacturing Sectors
Gelos, Gaston; Isgut, Alberto - 2021
sectors of Colombia and Mexico. The findings show that investment patterns in these countries resemble those reported for the …
Persistent link: https://www.econbiz.de/10013321421
Cover Image
Currency Mismatches and Vulnerability to Exchange Rate Shocks : Nonfinancial Firms in Colombia
Barajas, Adolfo - 2018
After building up foreign currency denominated (FC) liabilities over several years, Colombian firms might be vulnerable to a shift in external conditions. We undertake three empirical exercises to better understand these vulnerabilities. First, we identify the determinants of FC borrowing....
Persistent link: https://www.econbiz.de/10012929949