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Estimating the impact of external shocks on the ECCU : application to the COVID shock
Parlak, Vivian; Salinas, Gonzalo; Vargas, Mauricio - 2021
We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10012796822
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Exploring the output effect of fiscal policy shocks in low income countries
Honda, Jiro; Miyamoto, Hiroaki; Taniguchi, Mina - 2020
statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …
Persistent link: https://www.econbiz.de/10012252736
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Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries
Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019
countries. Using the local projection method, we find that, during recessions, a positive spending shock of 1 percent of GDP … shock would improve the female share of employment by 0.28 percentage point during recessions. Our findings are driven by …
Persistent link: https://www.econbiz.de/10012001474
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The (subjective) well-being cost of fiscal policy shocks
Eklou, Kodjovi M.; Fall, Mamour - 2020
Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...
Persistent link: https://www.econbiz.de/10012170083
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"Leaning against the wind" and the timing of monetary policy
Agur, Itai; Demertzis, Maria - 2013
Persistent link: https://www.econbiz.de/10009747249
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The impact of uncertainty shocks on the UK economy
Denis, Stephanie; Kannan, Prakash - 2013
Persistent link: https://www.econbiz.de/10009726282
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Measuring and mending monetary policy effectiveness under capital account restrictions : lessons from Mauritania
Blotevogel, Robert - 2013
Persistent link: https://www.econbiz.de/10009726433
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Initial output losses from the Covid-19 pandemic : robust determinants
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
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Global corporate stress tests : impact of the COVID-19 pandemic and policy responses
Tressel, Thierry; Ding, Xiaodan - 2021
find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional … the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after … the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial …
Persistent link: https://www.econbiz.de/10012605125
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How do climate shocks affect the impact of FDI, ODA and remittances on economic growth?
Drabo, Alassane - 2021
The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
Persistent link: https://www.econbiz.de/10012605579