Showing 1 - 10 of 396
This paper estimates factors affecting demand for Fund financing by Low-Income Countries (LICs) in response to policy …. Therefore, the demand for Fund financing by LICs is likely to be cyclical in response to common shocks with its intens …
Persistent link: https://www.econbiz.de/10012677510
economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic … countries/regions over the period 1979Q2–2011Q2, to discriminatebetween supply-driven and demand-driven oil-price shocks and to …-exporting countries that possess large proven oil/gas reserves. However, in response to an oil-demand disturbance, almost all countries in …
Persistent link: https://www.econbiz.de/10012690166
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10009572447
We study the heterogeneous impact of jointly identified monetary policy and global risk shocks on corporate funding costs. We disentangle these two shocks in a structural Bayesian Vector Autoregression framework and investigate their respective effects on funding costs of heterogeneous firms...
Persistent link: https://www.econbiz.de/10015059088
primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non … methodology to estimate these two channels of spillovers. We first propose an index of a firm's sensitivity to consumer demand …, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on financial constraint based …
Persistent link: https://www.econbiz.de/10014409046
We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...
Persistent link: https://www.econbiz.de/10014409053
This paper examines how countries use Macroprudential Policies (MaPs) to respond to external shocks such as US monetary policy surprises or fluctuations in capital flows. Constructing a model of a small open economy with financial frictions and a MaP authority that adjusts loan to value (LTV)...
Persistent link: https://www.econbiz.de/10015059813
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …
Persistent link: https://www.econbiz.de/10012677874
domestic demand, particularly private consumption. Shifting to a private consumption-led growth likely means more demand for … paper shows that while rebalancing China's growth toward a domestic-demand-led economy would likely raise aggregate e …
Persistent link: https://www.econbiz.de/10012677831
, especially for those with enough flexibility to continue working from home. The shock has particularly affected women due to … COVID-19 shock. Our results are also robust to various econometric techniques …
Persistent link: https://www.econbiz.de/10015058765