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Countercyclical fiscal policy and gender employment gap : evidence from the G-7 countries
Akitoby, Bernardin; Honda, Jiro; Miyamoto, Hiroaki - 2019
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to … this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 … would, on average, lift female employment by 1 percent, while increasing male employment by 0.6 percent. Consequently such a …
Persistent link: https://www.econbiz.de/10012001474
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Can policies affect employment intensity of growth? : a cross-country analysis
Crivelli, Ernesto; Furceri, Davide; Toujas-Bernaté, Joël - 2012
The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural … and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of 167 countries over the … reducing government size have a significant and positive impact on employment elasticities. In addition, the results also …
Persistent link: https://www.econbiz.de/10009621620
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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
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Global liquidity and drivers of cross-border bank flows
Cerutti, Eugenio M.; Claessens, Stijn; Ratnovski, Lev - 2014
Persistent link: https://www.econbiz.de/10010388630
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Determinants of pre-pandemic demand for the IMF’s concessional financing
Hills, Timothy; Nguyen, Huy; Sab, Randa - 2021
This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We find that the external debt level, inflation, and real effective exchange rate are...
Persistent link: https://www.econbiz.de/10012487316
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Are bilateral trade balances irrelevant?
Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2020
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...
Persistent link: https://www.econbiz.de/10012391997
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Global poverty estimates : a sensitivity analysis
Dhongde, Shatakshee; Minoiu, Camelia - 2011
Persistent link: https://www.econbiz.de/10009422668
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Transitory and permanent shocks in the global market for crude oil
Rebei, Nooman; Sbia, Rashid - 2020
This paper documents the determinants of real oil price in the global market based on SVAR model embedding transitory and permanent shocks on oil demand and supply as well as speculative disturbances. We find evidence of significant differences in the propagation mechanisms of transitory versus...
Persistent link: https://www.econbiz.de/10012251290
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Going viral : a gravity model of infectious diseases and tourism flows
Cevik, Serhan - 2020
This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...
Persistent link: https://www.econbiz.de/10012252260
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Anatomy of sudden yen appreciations
Han, Fei; Westelius, Niklas J. - 2019
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run...
Persistent link: https://www.econbiz.de/10012102082