Showing 1 - 10 of 981
This paper introduces a comprehensive database on bank ownership for 137 countries over 1995-2009, and reviews foreign bank behavior and impact. It documents substantial increases in foreign bank presence, with many more home and host countries. Current market shares of foreign banks average 20...
Persistent link: https://www.econbiz.de/10009424698
We employ a set of sign restrictions on the generalized impulse responses of a Global VARmodel, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to study the time profile oftheir macroeconomic effects...
Persistent link: https://www.econbiz.de/10012690166
Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...
Persistent link: https://www.econbiz.de/10012677771
How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs …
Persistent link: https://www.econbiz.de/10012677583
Building public support for climate mitigation is a key prerequisite to making meaningful strides toward decarbonization and achieving net-zero emissions. Using nationally representative, individual-level surveys for 28 countries, this paper identifies the current levels and drivers of support...
Persistent link: https://www.econbiz.de/10015058988
This paper argues case that a tighter fiscal policy stance can meaningfully support central banks in fighting inflation … more effective than fiscal policy in battling inflation in open economies due to the exchange rate channel, we show that a …
Persistent link: https://www.econbiz.de/10015058850
Persistent link: https://www.econbiz.de/10012691103
higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience … scores seem to have contained the impact of these shocks better. The effect of the presence of inflation …
Persistent link: https://www.econbiz.de/10012677548
The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank...
Persistent link: https://www.econbiz.de/10012677632
What are the contributions of demand and supply factors to inflation? To address this question, we follow Shapiro (2022 …) and construct quarterly demand-driven and supply-driven inflation series for 32 countries utilizing sectoral Personal … Consumption Expenditures (PCE) data. We highlight global trends and country-specific differences in inflation decompositions …
Persistent link: https://www.econbiz.de/10015059045