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The Global Economic Recovery 10 Years after the 2008 Financial Crisis

Mrkaic, Mico - 2019

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...

Persistent link: https://www.econbiz.de/10012869286

World Economic Outlook, April 2013

Liu, Yan - 2013

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and — in some cases — institutional arrangements to deal with over-indebtedness. For households, where the problem in some...

Persistent link: https://www.econbiz.de/10013085615

The Macroeconomics of De-Cashing

Kireyev, Alexei - 2017

The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance...

Persistent link: https://www.econbiz.de/10012956485

Economic Policy Uncertainty in Turkey

Jirasavetakul, La-Bhus Fah - 2019

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how...

Persistent link: https://www.econbiz.de/10012895106

The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies

Furceri, Davide - 2017

This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and...

Persistent link: https://www.econbiz.de/10012943953

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Medina Guzman, Juan Pablo - 2014

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...

Persistent link: https://www.econbiz.de/10013057311

How Inclusive is Abenomics?

Aoyagi, Chie - 2015

We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to regress a measure of inclusive growth, which incorporates both average income growth and income inequality, on macroeconomic and policy variables. Our analysis suggests that...

Persistent link: https://www.econbiz.de/10013024424

The Economic Impact of Natural Disasters in Pacific Island Countries : Adaptation and Preparedness

Lee, Dongyeol - 2018

Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...

Persistent link: https://www.econbiz.de/10012913925

Loss-of-Learning and the Post-COVID Recovery in Low-Income Countries

Buffie, Edward F.; Adam, Christopher; Zanna, Luis-Felipe; … - 2022

We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...

Persistent link: https://www.econbiz.de/10013295135

Smart Containment : Lessons from Countries with Past Experience

Fotiou, Alexandra; Lagerborg, Andresa - 2022

Following the Great Lockdown in 2020, it is important to take stock of lessons learned. How effective have different … information campaigns ─ rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we … while also experiencing higher economic growth in 2020 …

Persistent link: https://www.econbiz.de/10013305677

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