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Does Openness to International Financial Flows Raise Productivity Growth?

Prasad, Eswar; Terrones, Marco; Kose, M. Ayhan - International Monetary Fund (IMF) - 2008

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

Persistent link: https://www.econbiz.de/10005769199

How Has Nafta Affected the Mexican Economy? Review and Evidence

Kose, M. Ayhan; Towe, Christopher M.; Meredith, Guy - International Monetary Fund (IMF) - 2004

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business...

Persistent link: https://www.econbiz.de/10005599680

Globalization, the Business Cycle, and Macroeconomic Monitoring

Aruoba, S. Boragan; Terrones, Marco; Kose, M. Ayhan; … - International Monetary Fund (IMF) - 2011

We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...

Persistent link: https://www.econbiz.de/10008839326

How Different is the Cyclical Behavior of Home Production Across Countries?

Kose, M. Ayhan; Blankenau, William - International Monetary Fund (IMF) - 2006

This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to...

Persistent link: https://www.econbiz.de/10005825641

Global Business Cycles

Kose, M. Ayhan - 2008

-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common …

Persistent link: https://www.econbiz.de/10012677570

How Different Is the Cyclical Behavior of Home Production Across Countries?.

Kose, M. Ayhan - 2006

Persistent link: https://www.econbiz.de/10012690968

Regionalization vs. globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher M. - 2013

Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...

Persistent link: https://www.econbiz.de/10009707567

Economic Integration, Business Cycle, and Productivity in North America

Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2004

productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …

Persistent link: https://www.econbiz.de/10005769318

Does Openness to International Financial Flows Raise Productivity Growth?

Prasad, Eswar - 2008

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

Persistent link: https://www.econbiz.de/10012677369

What Happens During Recessions, Crunches, and Busts?

Terrones, Marco; Kose, M. Ayhan; Claessens, Stijn - International Monetary Fund (IMF) - 2008

We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960â€“2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit...

Persistent link: https://www.econbiz.de/10005769300