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Global Value Chain and Inflation Dynamics
Chau, Vu - 2024
We study the inflationary impacts of pandemic lockdown shocks and fiscal and monetary stimulus during 2020-2022 using a novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 countries. The inflationary impact of shocks is...
Persistent link: https://www.econbiz.de/10015058569
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Financial Integration and Macroeconomic Volatility
Terrones, Marco; Prasad, Eswar; Kose, M. Ayhan - International Monetary Fund (IMF) - 2003
This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s...
Persistent link: https://www.econbiz.de/10005263967
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How Has Nafta Affected the Mexican Economy? Review and Evidence
Kose, M. Ayhan; Towe, Christopher M.; Meredith, Guy - International Monetary Fund (IMF) - 2004
This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business...
Persistent link: https://www.econbiz.de/10005599680
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Divided We Fall: Differential Exposure to Geopolitical Fragmentation in Trade
Hakobyan, Shushanik - 2023
This paper assesses differences in countries' macroeconomic exposure to trade fragmentation along geopolitical lines. Estimating structural gravity regressions for sector-level bilateral trade flows between 185 countries, we find that differences in individual countries' geopolitical ties act as...
Persistent link: https://www.econbiz.de/10015058796
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Rising Income Inequality; Technology, o+L3904r Trade and Financial Globalization?
Papageorgiou, Chris; Lall, Subir; Jaumotte, Florence - International Monetary Fund (IMF) - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10005263792
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Is the Middle East and North Africa Region Achieving its Trade Potential?
Söderling, Ludvig - International Monetary Fund (IMF) - 2005
This paper analyzes export performance in the Middle East and North Africa (MENA) using a gravity model applied to panel data. It addresses two questions: (i) are there significant unexploited export markets for the MENA region?; and (ii) have integration efforts with the EU since the mid-1990s...
Persistent link: https://www.econbiz.de/10005825913
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Trade Integration in the East African Community; An Assessment for Kenya
McIntyre, Meredith A. - International Monetary Fund (IMF) - 2005
The paper analyses the potential trade impact of the forthcoming East African Community (EAC) customs union. It examines the trade linkages among the member countries of the EAC and the extent to which the introduction of the EAC common external tariff will liberalize their trade regimes. To...
Persistent link: https://www.econbiz.de/10005826317
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Economic Transformation, Population Growth, and the Long-Run World Income Distribution
Chamon, Marcos; Kremer, Michael - International Monetary Fund (IMF) - 2006
This paper considers the long-run evolution of the world economy in a model where countries' opportunities to develop … opportunities for the remaining developing countries. Whether or not the world economy converges to widespread prosperity depends on …
Persistent link: https://www.econbiz.de/10005599503
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Deciding to Enter a Monetary Union; TheRole of Trade and Financial Linkages
Lama, Ruy; Rabanal, Pau - International Monetary Fund (IMF) - 2012
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10011242323
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Treating Intangible Inputs as Investment Goods
Belhocine, Nazim - 2009
This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...
Persistent link: https://www.econbiz.de/10012677493