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We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012170616
, 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
Potential growth - the rate of expansion an economy can sustain at full capacity and employment - is a critical driver …
Persistent link: https://www.econbiz.de/10014250768
activity and policies and presents plausible scenarios for the global economy in 2022-24. We report three major findings. First … happened recently. Second, the global economy is in the midst of one of the most internationally synchronous episodes of …
Persistent link: https://www.econbiz.de/10013383374
typical economy. Oil price shocks accounted for only about 4 percent of inflation variation, but they had a statistically …
Persistent link: https://www.econbiz.de/10013488859