Showing 1 - 10 of 498
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity...
Persistent link: https://www.econbiz.de/10009622526
important in shaping trade flows, just like trade agreements that tend to lead to higher level of international trade …
Persistent link: https://www.econbiz.de/10015058985
This paper examines the mechanisms through which output volatility is related to trade openness using an industry … international trade are more volatile. Second, trade is accompanied by increased specialization. Third, sectors that are more open … appreciable impact on aggregate volatility. Added together they imply that the relationship between trade openness and …
Persistent link: https://www.econbiz.de/10012677612
through two channels. First, by reducing export income volatility and allowing for a smoother consumption path. Second, by …
Persistent link: https://www.econbiz.de/10012677894
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy and exogenous shocks. Various economic variables including reserve coverage, current account balance to GDP, real GDP growth, macroeconomic stability, and terms of trade shocks...
Persistent link: https://www.econbiz.de/10012677510
This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...
Persistent link: https://www.econbiz.de/10012677694
Intro -- Contents -- I. INTRODUCTION -- II. THE GLOBAL AND HISTORICAL CONTEXT -- III. Balance of Payments Impact -- IV. FISCAL IMPACT -- V. LOOKING FORWARD-POSSIBLE VULNERABILITIES -- VI. CONCLUSIONS AND IMPLICATIONS FOR DEMAND FOR IMF RESOURCES -- APPENDIX I-COMPARISON TO OIL SHOCKS OF THE...
Persistent link: https://www.econbiz.de/10012691058
Persistent link: https://www.econbiz.de/10012691055
We estimate the macroeconomic effects of import tariffs and trade policy uncertainty in the United States, combining theory-consistent and narrative sign restrictions in Bayesian SVARs. We find mostly adverse consequences of protectionism, in aggregate and across sectors and regions. Tariff...
Persistent link: https://www.econbiz.de/10015058747
Over the past two decades, most emerging market economies witnessed two key developments. A marked process of financial integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an improvement of macroeconomic fundamentals, helping...
Persistent link: https://www.econbiz.de/10009620968