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Fear thy neighbor : spillovers from economic policy uncertainty
Biljanovska, Nina; Grigoli, Francesco; Hengge, Martina - 2017
, using local projections, the paper zooms in on shocks originating in the United States, Europe, and China. Our results …, Europe, and China reduces economic activity in the rest of the world, with the effects being mostly felt in Europe and the …
Persistent link: https://www.econbiz.de/10011763593
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The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?
Hunt, Ben - 2003
the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both … between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of …
Persistent link: https://www.econbiz.de/10014399692
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Unintended consequences of U. S. monetary policy shocks : Dutch disease and capital flow measures in emerging market and developing economies
Yépez, Juan F. - 2021
Dutch disease is often referred as a situation in which large and sustained foreign currency inflows lead to a contraction of the tradable sector by giving rise to a real appreciation of the home currency. This paper documents that this syndrome has been witnessed by many emerging markets and...
Persistent link: https://www.econbiz.de/10012605138
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Uncertainty, financial frictions and nominal rigidities : a quantitative investigation
Cesa-Bianchi, Ambrogio; Fernandez-Corugedo, Emilio - 2017
preserving shock to the variance of aggregate total factor productivity (macro uncertainty) and to the dispersion of …
Persistent link: https://www.econbiz.de/10011748730
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Optimal debt policy under asymmetric risk
Escolano, Julio; Gaspar, Vítor - 2016
In the paper we show that, most of the time, smooth reduction in the debt ratio is optimal for tax-smoothing purposes when fiscal risks are asymmetric, with large debt-augmenting shocks more likely than commensurate debt reducing shocks. Asymmetric risks are a feature of 200 years of data for...
Persistent link: https://www.econbiz.de/10011715345
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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
countries differ in their population growth and mortality risk. Besides exploring the implications of demographics for saving …
Persistent link: https://www.econbiz.de/10011978549
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Coincident indicators of capital flows
Miao, Yanliang; Pant, Malika - 2012
Persistent link: https://www.econbiz.de/10009572523
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External adjustment and the global crisis
Lane, Philip R.; Milesi-Ferretti, Gian Maria - 2011
Persistent link: https://www.econbiz.de/10009423206
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International Reserve Trends in the South Caucasus and Central Asia Region
Floerkemeier, Holger - 2008
In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to selfinsure against external crises, holding international reserves also involves costs. We analyze the adequacy of CCA-6...
Persistent link: https://www.econbiz.de/10014401838
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Global Imbalances and Petrodollars
Hasanov, Fuad - 2009
Oil exporters have run large current account surpluses. We explore oil exporters'' role in our understanding and the resolution of global imbalances. Current account dynamics are estimated for oil-exporting countries and the rest of the world. We find that fiscal policy has a much stronger...
Persistent link: https://www.econbiz.de/10014402505