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The Impact of the IMF's COVID-19 Support to Developing and Emerging Economies
Chun, Sumin - 2022
We construct a high-frequency dataset that combines information on all IMF lending and proxies of monthly economic activity during the first two years of the COVID-19 pandemic (2020-21). Using this novel dataset and standard econometric techniques we find a positive and significant marginal...
Persistent link: https://www.econbiz.de/10015059885
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Inflation, Inequality, and Social Conflict.
Crowe, Christopher W - 2006
Persistent link: https://www.econbiz.de/10012691103
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Tariff-tax reforms in large economies
Ganelli, Giovanni; Tervala, Juha - 2012
output and welfare in the advanced countries and in the world as a whole. The effects that we highlight have not been …
Persistent link: https://www.econbiz.de/10009615785
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Global Business Cycles : Convergence or Decoupling?
Kose, M. Ayhan - 2008
Contents -- I. INTRODUCTION -- II. METHODOLOGY AND DATA -- III. DYNAMIC FACTORS AND EPISODES OF BUSINESS CYCLES -- IV. SOURCES OF BUSINESS CYCLE FLUCTUATIONS: 1960-2005 -- V. GLOBALIZATION AND THE EVOLUTION OF INTERNATIONAL BUSINESS CYCLES -- VI. SENSITIVITY EXPERIMENTS -- VII. CONCLUSION --...
Persistent link: https://www.econbiz.de/10012682176
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Low for (Very) Long? A Long-Run Perspective on r* across Advanced Economies
Platzer, Josef - 2023
We provide a long-run perspective on neutral interest rates with new estimates for 16 advanced economies since the 1870s using the Laubach and Williams approach. Our estimates differ substantially from commonly used proxies. We find that, while cross-country heterogeneity was significant in the...
Persistent link: https://www.econbiz.de/10015059666
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What Makes Growth Sustained?
Ostry, Jonathan David - 2008
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
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Rising Income Inequality : Technology, or Trade and Financial Globalization?
Papageorgiou, Chris - 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...
Persistent link: https://www.econbiz.de/10014409050
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Inequality and the Structure of Countries' External Liabilities
Harms, Philipp - 2022
In this paper, we present empirical evidence that higher income inequality is associated with a greater equity share in countries' external liabilities, and we develop a theoretical model that can explain this observation: In a small open economy with traded and nontraded goods, entry barriers...
Persistent link: https://www.econbiz.de/10015060441
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Life Expectancy and Income Convergence in the World
Ueda, Kenichi - 2008
There is world-wide convergence in life expectancy, despite little convergence in GDP per capita. If one values longer … life much more than material happiness, the world living standards may this have already converged substantially. This … among countries. A conventional GDP-based measure remains a good approximation for (non) convergence in world living s …
Persistent link: https://www.econbiz.de/10012677614
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Inflation Dynamics in Advanced Economies: A Decomposition into Cyclical and Non-Cyclical Factors
Lian, Weicheng - 2022
Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …
Persistent link: https://www.econbiz.de/10015060429