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Does Demand Volatility Lower Growth and Raise Inflation? : Evidence from the Caribbean

Kandil, Magda E. - 2014

inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the … that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real …

Persistent link: https://www.econbiz.de/10014411208

Demand-Side Stabilization Policies : What is the Evidence of their Potential?

Kandil, Magda E. - 2000

, in a decline in aggregate demand growth and inflation, with limited effects on output growth. On the other hand, higher … variability of monetary shocks results, on average, in an increase in inflation and a decline in output growth. These results …

Persistent link: https://www.econbiz.de/10014403797

On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2009

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper''s aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …

Persistent link: https://www.econbiz.de/10014402212

Demand Spillovers and the Collapse of Trade in the Global Recession

Yi, Kei-Mu - 2010

This paper uses a global input-output framework to quantify US and EU demand spillovers and the elasticity of world trade to GDP during the global recession of 2008-2009. We find that 20-30 percent of the decline in the US and EU demand was borne by foreign countries, with NAFTA, Emerging...