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Persistent link: https://www.econbiz.de/10003855144
Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...
Persistent link: https://www.econbiz.de/10009703626
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report three major findings: First, since the tightening cycle will take place in the context of a robust U.S. economy, it …
Persistent link: https://www.econbiz.de/10011389408
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-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 …
Persistent link: https://www.econbiz.de/10012584053
We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...
Persistent link: https://www.econbiz.de/10012584054
stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation …
Persistent link: https://www.econbiz.de/10013256317
market and developing economy (EMDE) central banks and some advanced-economy central banks to increase interest rates …
Persistent link: https://www.econbiz.de/10013174851
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …
Persistent link: https://www.econbiz.de/10012159612