Showing 1 - 10 of 1,254
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
This paper considers the consequences of international financial market integration for national fiscal and monetary policies that derive from the absence of an international sovereign authority to define and enforce contractual obligations across borders. The sovereign immunity of national...
Persistent link: https://www.econbiz.de/10014401979
This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing … the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range … and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of …
Persistent link: https://www.econbiz.de/10014396358
activity around the world. We present a parsimonious two-country-SIR model with some degree of substitutability between home …
Persistent link: https://www.econbiz.de/10012392567
We estimate a gravity model to address the question of whether Africa’s bilateral trade with industrial countries is “unusual” compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical...
Persistent link: https://www.econbiz.de/10014400668
While China's growth gathered momentum in 2017, rebalancing was uneven and decelerated along many dimensions reflecting the temporary factors behind the growth pickup. Going forward, rebalancing is expected to proceed as these temporary factors recede, but elevated income inequality and leverage...
Persistent link: https://www.econbiz.de/10012112238
In an interconnected world, national economic policies regularly lead to large international spillover effects, which …
Persistent link: https://www.econbiz.de/10011716551
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The...
Persistent link: https://www.econbiz.de/10012103638
cooperation. With the world facing the largest and most synchronized plunge in output of the postwar era, policy makers banded … coordination; strive for more consensus estimated spillovers; convince policy-makers costs of loss of cooperation are large; and …
Persistent link: https://www.econbiz.de/10014411401
International coordination of macroeconomic policies has attracted much attention in recent years. The main issue has … been whether economic performance can be improved by coordination Although it is still a controversial issue many … economists have argued that coordination would make a positive contribution to economic performance. This paper deals with the …
Persistent link: https://www.econbiz.de/10014396391