Showing 1 - 10 of 202
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...
Persistent link: https://www.econbiz.de/10010790399
-à-vis the rest of the world –in particular vis-à-vis China, Central and Eastern Europe, and oil exporters- on the external …
Persistent link: https://www.econbiz.de/10011123828
in Europe with a focus on these two groups, looking at contributions from cyclical and other factors, and seeking to draw …
Persistent link: https://www.econbiz.de/10011242288
countries with the advanced Europe countries. The results show strong co-movements in output growth and interest rates but … weaker linkages bewteen inflation and real credit growth within Europe. While the euro area is the dominant source of … small but notable impact of CESEE countries on the rest of the Europe. …
Persistent link: https://www.econbiz.de/10011242313
analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …
Persistent link: https://www.econbiz.de/10011242362
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …
Persistent link: https://www.econbiz.de/10012677368
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...
Persistent link: https://www.econbiz.de/10012677689
We propose a novel approach to measure the dynamic macroeconomic effects of immigration on the destination country …, combining the analysis of episodes of large immigration waves with instrumental variables techniques. We distinguish the impact … of immigration shocks in OECD countries from that of refugee immigration in emerging and developing economies. In OECD …
Persistent link: https://www.econbiz.de/10015058830
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication...
Persistent link: https://www.econbiz.de/10009422788
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10005248157