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U.S. Monetary Policy Spillovers to Middle East and Central Asia: Shocks, Fundamentals, and Propagations
Ugazio, Giovanni - 2024
decomposing U.S. interest rates changes into two orthogonal shocks: the pure monetary policy shock and the information news shock … countries, with oil exporters with stronger fundamentals withstanding well the shock and oil importers with weaker fundamentals …
Persistent link: https://www.econbiz.de/10015058845
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External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
Sosa, Sebastian - 2008
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large...
Persistent link: https://www.econbiz.de/10014409022
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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
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ECCU Business Cycles
Sun, Yan - 2009
With a fixed peg to the U.S. dollar for more than three decades, the tourism-dependent Eastern Caribbean Currency Union (ECCU) countries share a close economic relationship with the U.S. This paper analyzes the impact of the United States on ECCU business cycles and identifies possible...
Persistent link: https://www.econbiz.de/10012677751
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International Risk Sharing
Matsumoto, Akito - 2009
consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk …
Persistent link: https://www.econbiz.de/10012677771
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International Risk Sharing During the Globalization Era
Matsumoto, Akito - 2009
sharing comes mostly from the convergence in rates of consumption growth among countries rather than from synchronization of … consumption at the business cycle frequency. Our finding explains why many existing measures fail to detect impro …
Persistent link: https://www.econbiz.de/10012677878
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Spillovers Across NAFTA
Bayoumi, Tamim - 2008
these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real …
Persistent link: https://www.econbiz.de/10012677555
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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
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. DYNAMIC FACTORS AND EPISODES OF BUSINESS CYCLES -- IV. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI. SENSITIVITY EXPERIMENTS -- VII. CONCLUSION --...
Persistent link: https://www.econbiz.de/10012682176
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Global Impact of the Systemic Economies and MENA Business Cycles.
Cashin, Paul - 2012
States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf …. Shock to U.S. GDP -- B. Shock to Euro Area GDP -- C. Shock to Chinese GDP -- V. Outward Spillovers -- VI. Concluding Remarks …. Trade Weights, Averages over 1986-1988 -- Figures -- 1. Persistence Profiles of the Effect of a System-wide Shock to the …
Persistent link: https://www.econbiz.de/10012690165