Showing 1 - 10 of 37
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy …. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intens …
Persistent link: https://www.econbiz.de/10012677510
countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to … economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10012690166
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the … core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …-specific factors matter in some cases, demand patterns in these countries are largely driven by common determinants. Third …
Persistent link: https://www.econbiz.de/10010959463
dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …
Persistent link: https://www.econbiz.de/10010959477
The notable rebound of U.S. manufacturing activity following the Great Recession has raised the question of whether the sector might be experiencing a renaissance. Using panel regressions, we find that a depreciating real exchange rate, an increasing spread in natural gas prices between the...
Persistent link: https://www.econbiz.de/10010790239
rebalancing of domestic demand in China. …
Persistent link: https://www.econbiz.de/10010790282
-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has … a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks …
Persistent link: https://www.econbiz.de/10010790322
By constructing and estimating a structural arbitrage-free model of demand pressures on US real rates, we find that …
Persistent link: https://www.econbiz.de/10010790349
Structural budget-balance rules with countercyclical elements appear well suited to stabilize the macroeconomic volatility of oil-exporting countries and have been used successfully by other commodity exporters. Using a global DSGE model, the efficient design of such rules is found to depend on...
Persistent link: https://www.econbiz.de/10010790379
between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …
Persistent link: https://www.econbiz.de/10010790397