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, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012175348
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …
Persistent link: https://www.econbiz.de/10012230790
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012159605
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314
, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
Persistent link: https://www.econbiz.de/10012229095
-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 …
Persistent link: https://www.econbiz.de/10012584053
We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...
Persistent link: https://www.econbiz.de/10012584054
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …
Persistent link: https://www.econbiz.de/10012195063
stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …
Persistent link: https://www.econbiz.de/10013256317
market and developing economy (EMDE) central banks and some advanced-economy central banks to increase interest rates …
Persistent link: https://www.econbiz.de/10013174851