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The trade impact of China on EMU : is it even across members?
Mikkelsen, Uffe; Pérez Ruiz, Esther - 2012
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
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Long Live Globalization: Geopolitical Shocks and International Trade
Cevik, Serhan - 2023
Are we really witnessing the death of globalization? A multitude of shocks over the past three years has unsettled the conventional wisdom on economic integration and fueled widespread calls for protectionist and nationalist policies. Using an extensive dataset with more than 4 million...
Persistent link: https://www.econbiz.de/10015058985
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The effectiveness of monetary policy transmission under capital inflows : evidence from Asia
Jain Chandra, Sonali; Unsal, D. Filiz - 2012
paper is to assess whether this is true for emerging Asia's economies. Using a dynamic factor model and a structural vector … auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …
Persistent link: https://www.econbiz.de/10009679028
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Monetary Policy Transmission through Commodity Prices
Miranda-Pinto, Jorge - 2023
Monetary policy influences inflation dynamics by exerting impact on a diverse array of commodity prices. At high frequencies, we show that a 10 basis points increase in US monetary policy rate reduces commodity prices between 0.5% and 2.5%, after 18 to 24 business days. Beyond the dollar...
Persistent link: https://www.econbiz.de/10015059018
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U.S. Monetary Policy Shock Spillovers: Evidence from Firm-Level Data
Arbatli Saxegaard, Elif - 2022
We examine three main channels through which U.S. monetary policy shocks affect firm investment in foreign countries: (1) the balance sheet channel; (2) the financial channel of the exchange rate; and (3) the trade channel. For this purpose, we use quarterly firm-level data for 63 advanced...
Persistent link: https://www.econbiz.de/10015060091
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U.S. Monetary Policy Spillovers to Middle East and Central Asia: Shocks, Fundamentals, and Propagations
Ugazio, Giovanni - 2024
We empirically examine U.S. monetary policy spillovers to the Middle East and Central Asia (ME & CA) region by … decomposing U.S. interest rates changes into two orthogonal shocks: the pure monetary policy shock and the information news shock … countries, with oil exporters with stronger fundamentals withstanding well the shock and oil importers with weaker fundamentals …
Persistent link: https://www.econbiz.de/10015058845
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Spillovers from Russia to Neighboring Countries: Transmission Channels and Policy Options
Arzoumanian, Shant - 2023
This paper studies how output fluctuations in Russia are transmitted internationally. Using vector autoregression (VAR) and dynamic panel models, the paper finds that Russia's output fluctuations are an important driver of output fluctuations of countries in the region, especially for oil...
Persistent link: https://www.econbiz.de/10015059091
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Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam
De Stefani, Alessia - 2022
We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to …
Persistent link: https://www.econbiz.de/10015060522
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Trade and Thy Neighbor's War
Qureshi, Mahvash Saeed - 2009
This paper examines the spatial dispersion effects of regional conflicts, defined as internal or external armed conflicts in contiguous states, on international trade. Our empirical findings-based on different measures of conflict constructed using alternate definitions of contiguity and...
Persistent link: https://www.econbiz.de/10012677521
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Policy and Spillover Analysis in the World Economy
Vitek, Francis - 2014
This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover...
Persistent link: https://www.econbiz.de/10012678772