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Military expenditure, threats, and growth

Aizenman, Joshua; Glick, Reuven - 2003

Persistent link: https://www.econbiz.de/10001753266

The real exchange rate, mercantilism and the learning by doing externality

Aizenman, Joshua; Yi, Chae-u - 2008

growth. We obtain mixed results. For an economy where LBD externality operates in the traded sector, real exchange rate …

Persistent link: https://www.econbiz.de/10003681919

Understanding informality

Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021

economies (EMDEs). Second, it documents the cyclical features of the informal economy. Overall, informal economy recessions … (recoveries) do not differ significantly from those of formal economy. Like formal-economy business cycles, informal-economy …

Persistent link: https://www.econbiz.de/10012625108

Growing apart or moving together? : synchronization of informal and formal economy cycles

Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021

We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive … formal-sector output. Second, movements in the formal economy tend to spillover to the informal economy. Using a novel set of …

Persistent link: https://www.econbiz.de/10012625110

Resolving puzzles of monetary policy transmission in emerging markets

Ha, Jongrim; Kim, Dohan; Kose, M. Ayhan; Prasad, Eswar S. - 2024

). We show that incorporating forward-looking expectations into standard open economy structural VAR models resolves these …

Persistent link: https://www.econbiz.de/10015133808

Potential growth : a global database

Çelik, Sinem Kılıç; Kose, M. Ayhan; Ohnsorge, Franziska - 2023

Potential growth - the rate of expansion an economy can sustain at full capacity and employment - is a critical driver …

Persistent link: https://www.econbiz.de/10014250768

Tradeoffs over rate cycles : activity, inflation and the price level

Forbes, Kristin; Ha, Jongrim; Kose, M. Ayhan - 2025

Central banks often face tradeoffs in how their monetary policy decisions impact economic activity (including employment), inflation and the price level. This paper assesses how these tradeoffs have evolved over time and varied across countries, with a focus on understanding the post-pandemic...

Persistent link: https://www.econbiz.de/10015405430

Macroeconomic adjustment and the history of crises in open economies

Aizenman, Joshua; Noy, Ilan - 2012

Persistent link: https://www.econbiz.de/10009678277

Review of "This time is different : eight centuries of financial folly by Carmen M. Reinhart and Kenneth S. Rogoff"

Kose, M. Ayhan - 2011

This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...

Persistent link: https://www.econbiz.de/10008900898