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Here Comes the Change : The Role of Global and Domestic Factors in Post-Pandemic Inflation in Europe
Binici, Mahir; Centorrino, Samuele; Cevik, Serhan; … - 2022
Global inflation has surged to 7.5 percent in August 2022, from an average of 2.1 percent in the decade preceding the … factors to the post-pandemic rise in consumer price inflation, using monthly data and a battery of econometric methodologies … inflation dynamics throughout Europe, country-specific factors, including monetary and fiscal policy responses to the crisis …
Persistent link: https://www.econbiz.de/10014264538
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Transmission of Domestic and External Shocks Through Input-Output Network : Evidence from Korean Industries
Lee, Dongyeol - 2019
In the last two decades, manufacturing industries in Korea have become more concentrated, and interconnectedness across industries and to foreign countries has risen via vertical relationships and trade linkages. This paper investigates the transmission of economic shocks in such a highly...
Persistent link: https://www.econbiz.de/10012868263
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Trade Linkages and International Business Cycle Comovement : Evidence from Korean Industry Data
Lee, Dongyeol - 2019
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012868264
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Trade Integration in Latin America : A Network Perspective
Beaton, Kimberly - 2017
The paper applies a network analysis framework to analyze the regional and global integration of Latin American and Caribbean (LAC) countries. We compare network-based measures of trade integration to conventional measures, decomposing integration along several dimensions to better understand...
Persistent link: https://www.econbiz.de/10012950403
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Bilateral Trade Imbalances
Cuñat, Alejandro; Zymek, Robert - 2022
If sectoral trade flows obey structural gravity, countries' bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...
Persistent link: https://www.econbiz.de/10014082958
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Experimental Indicators of Digital Industries in Select Countries : Definitions, Methods, and Results
Moulton, Brent; Tebrake, James; Tovar, Martha - 2022
The pervasive impact of digitalization on the economy and the lack of an agreed definition makes it challenging to obtain estimates of the digital economy. Nowadays, some countries have estimated the value of the digital economy by identifying digital products or industries as defined in the...
Persistent link: https://www.econbiz.de/10014243257
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Are Bilateral Trade Balances Irrelevant?
Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2021
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...
Persistent link: https://www.econbiz.de/10013314844
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Bank Balance Sheets and External Shocks in Asia : The Role of Fxi, Mpms and Cfms
Chen, Zefeng; Nadeem, Sanaa; Peiris, Shanaka - 2021
In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler and Karadi (2011) to incorporate these key features and estimates a panel vector...
Persistent link: https://www.econbiz.de/10013243072
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Is Digitalization Driving Domestic Inflation?
Csonto, Balazs - 2020
country-has influenced inflation dynamics in a sample of 36 advanced and emerging economies over 2000-2017. Phillips curve … estimates show that digitalization has a statistically significant negative effect on inflation in the short run. Its economic … and cointegration analysis further suggest digitalization is a key driver of lower trend inflation …
Persistent link: https://www.econbiz.de/10012843503
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Is Inflation Domestic or Global? Evidence from Emerging Markets
Bems, Rudolfs - 2018
Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained … inflation performance in a sample of 19 large emerging markets in the past couple of decades and quantify the impact of domestic … and global factors in determining inflation. We document that thelevel, volatility, and persistence of inflation declined …
Persistent link: https://www.econbiz.de/10012906877