Showing 1 - 10 of 829
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between …
Persistent link: https://www.econbiz.de/10005826246
robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low-inflation … whether financial globalization has helped induce governments to pursue better macroeconomic policies (the "discipline effect …
Persistent link: https://www.econbiz.de/10005768809
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these...
Persistent link: https://www.econbiz.de/10011242255
novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 … that pandemic lockdowns, and subsequent reopening policies, were the most dominant driver of global inflation in this …
Persistent link: https://www.econbiz.de/10015058569
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/10015059960
This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper uses nonparametric estimation to capture possible...
Persistent link: https://www.econbiz.de/10005248228
The working age population is expected to grow faster in the Middle East than in any other region in the world between now and 2015—rising annually by 2.7 percent, or 10 million people. This demographic explosion presents the region with a major challenge in terms of providing jobs, incomes,...
Persistent link: https://www.econbiz.de/10005264176
JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government...
Persistent link: https://www.econbiz.de/10009369453
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence...
Persistent link: https://www.econbiz.de/10008727811
against economic history and each other by a simulated out-of-sample forecasting exercise for Finnish CPI inflation. Only two … naïve prediction of no change in inflation-but do not improve upon a simple autoregressive forecast. The pronounced …
Persistent link: https://www.econbiz.de/10005825681