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License to spill : how do we discuss spillovers in Article IV staff reports
Barkema, Jelle; Mircheva, Borislava; Mrkaic, Mico; … - 2021
This paper dives into the Fund's historical coverage of cross-border spillovers in its surveillance. We use a state-of-the-art deep learning model to analyze the discussion of spillovers in all IMF Article IV staff reports between 2010 and 2019. We find that overall, while the discussion of...
Persistent link: https://www.econbiz.de/10012613463
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Currency wars or efficient spillovers? : a general theory of international policy cooperation
Korinek, Anton - 2017
In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, id est if there is scope to...
Persistent link: https://www.econbiz.de/10011716551
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Fear thy neighbor : spillovers from economic policy uncertainty
Biljanovska, Nina; Grigoli, Francesco; Hengge, Martina - 2017
High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, financial, and political ties among countries, economic agents have more reasons to be vigilant of for- eign economic policy....
Persistent link: https://www.econbiz.de/10011763593
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Post-Covid-19 recovery and resilience : leveraging reforms for growth and inclusion in Sub-Saharan Africa
Hong, Gee Hee; Igan, Deniz; Lee, Do - 2021
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary...
Persistent link: https://www.econbiz.de/10012518323
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Institutions, Program Implementation, and Macroeconomic Performance
Nsouli, Saleh M. - 2004
This paper assesses empirically the links among a country''s institutions and political environment, its implementation of IMF-supported programs, and macroeconomic performance in a sample of 197 programs approved between 1992 and 2002. We find that a stronger institutional and political...
Persistent link: https://www.econbiz.de/10014399532
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The Transition Economies After Ten Years
Fischer, Stanley - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
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The impact of unconventional monetary policy measures by the systemic four on global liquidity and monetary conditions
Korniyenko, Yevgeniya; Loukoianova, Elena - 2015
States, the United Kingdom, Euro area and Japan- the Systemic Four-on global monetary and liquidity conditions. Overall, the … countries on these conditions in other countries. UMPMs of the Bank of Japan have positive association with global liquidity but …
Persistent link: https://www.econbiz.de/10011445532
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Global bonding : do U.S. bond and equity spillovers dominate global financial markets?
Bayoumi, Tamim A.; Bui, Trung - 2012
Persistent link: https://www.econbiz.de/10009679663
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Spillovers from Japan's unconventional monetary policy to emerging Asia : a global VAR approach
Ganelli, Giovanni; Tawk, Nour - 2016
We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and qualitative easing (QQE) on …
Persistent link: https://www.econbiz.de/10011711367
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Should Korea worry about a permanently weak yen?
Ree, Joo Kyung; Hong, Gee Hee; Choi, Seoeun - 2015
Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …
Persistent link: https://www.econbiz.de/10011447113