Similar Search Results

Trade, Finance, Specialization, and Synchronization

Imbs, Jean - 2003

The paper investigates the determinants of business cycles synchronization across regions. It uses both international … business cycles synchronization using a system of simultaneous equations. The results are as follows: (i) Simultaneity is … important, as both trade and financial openness have a direct and an indirect effect on cycle synchronization. (ii) A variety of …

Persistent link: https://www.econbiz.de/10014403828

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...

Persistent link: https://www.econbiz.de/10014402796

International trade and corporate market power

Gonzalez-Garcia, Jesus; Yang, Yuanchen - 2020

This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...

Persistent link: https://www.econbiz.de/10012299347

The U.S. oil supply revolution and the global economy

Mohaddes, Kamiar; Raissi, Mehdi - 2015

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...

Persistent link: https://www.econbiz.de/10011445835

Identifying the Common Component in International Economic Fluctuations : A New Approach

Lumsdaine, Robin L. - 1999

This paper develops an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a...

Persistent link: https://www.econbiz.de/10014400869

Global Business Cycles : Convergence or Decoupling?

Kose, M. Ayhan - 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...

Persistent link: https://www.econbiz.de/10014401282

Putting the Parts together : Trade, Vertical Linkages, and Business Cycle Comovement

Levchenko, Andrei A. - 2009

Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more...

Persistent link: https://www.econbiz.de/10014402276

The Role of Nonseparable Utility and Nontradeables in International Business Cycle and Portfolio Choice

Matsumoto, Akito - 2007

This paper analyzes the role of nonseparable utility and nontradables in business cycles and portfolio choice. I find that nonseparability in utility can change the portfolio choice significantly. Unlike previous results in literature, the optimal portfolio of the traded-good sector equities is...

Persistent link: https://www.econbiz.de/10014400898

Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?

Rabanal, Pau - 2012

introduction of adjustment costs in production and in portfolio holdings allows us to reconcile theory and this feature of the data …

Persistent link: https://www.econbiz.de/10014396942

Commodity Markets and the International Transmission of Fiscal Shocks

International Monetary Fund - 1988

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395951

1
2
3
4
5
6
7
8
9
10
Next
Last