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Managing macrofinancial risk
Adrian, Tobias; Vitek, Francis - 2020
We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …
Persistent link: https://www.econbiz.de/10012300643
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The return of the policy that shall not be named : principles of industrial policy
Chérif, Réda; Hasanov, Fuad - 2019
story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn …
Persistent link: https://www.econbiz.de/10012010001
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Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model
Laxton, Douglas - 1998
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...
Persistent link: https://www.econbiz.de/10014403417
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Institutions, innovations, and Growth
Xu, Chenggang - 1999
&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …
Persistent link: https://www.econbiz.de/10014403467
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Technological Adaptation, Trade, and Growth
Chong, Alberto - 2000
This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
Persistent link: https://www.econbiz.de/10014403519
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Growth at risk from natural disasters
Bayoumi, Tamim A.; Quayyum, Saad Noor; Das, Sibabrata - 2021
Persistent link: https://www.econbiz.de/10012796736
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We are all in the same boat : cross-border spillovers of climate risk through international trade and supply chain
Feng, Alan; Li, Haishi - 2021
Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers … data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …
Persistent link: https://www.econbiz.de/10012487302
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A primer on managing sovereign debt-portfolio risks
Thordur Jonasson; Papaioannou, Michael G. - 2018
vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk …
Persistent link: https://www.econbiz.de/10011848202
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Cyber risk surveillance : a case study of Singapore
Goh, Joseph; Kang, Heedon; Koh, Zhi Xing; Lim, Jin Way; … - 2020
Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It … approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper …
Persistent link: https://www.econbiz.de/10012170162
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Macrofinancial linkages and growth at risk in the Dominican Republic
Bespalova, Olga; Rousset, Marina - 2019
This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook …
Persistent link: https://www.econbiz.de/10012154738