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

have strong cross-country and over time coverage: it includes both model-based and survey-based measures of informality and …

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

database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990 …

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

Determinants of transitions across formal/Informal sectors in Egypt

Tansel, Aysıt; Ozdemir, Zeynel Abidin - 2015

Informality is a salient feature of labor market in Egypt as it is the case with many developing countries. This is the …

Persistent link: https://www.econbiz.de/10010463917

Defining and measuring informality in the Turkish labor market

Acar, Elif Öznur; Tansel, Aysıt - 2014

This paper investigates how informality can be defined and measured in the Turkish labor market. Two alternative … definitions of informality are used to explore their relevance and implications for the Turkish labor market using descriptive … characteristics to the likelihood of informality are investigated using multivariate probit analysis under the two definitions. The …

Persistent link: https://www.econbiz.de/10010391575

Negative interest rate policies : sources and implications

Arteta, Carlos Ó.; Kose, M. Ayhan; Stocker, Marc; … - 2016

Against the background of continued growth disappointments, depressed inflation expectations, and declining real equilibrium interest rates, a number of central banks have implemented negative interest rate policies (NIRP) to provide additional monetary policy stimulus over the past few years....

Persistent link: https://www.econbiz.de/10011558530

Challenges of fiscal policy in emerging and developing economies

Huidrom, Raju; Kose, M. Ayhan; Ohnsorge, Franziska L. - 2016

This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. This reflects a more general trend over the past three...

Persistent link: https://www.econbiz.de/10011489367

Slowdown in emerging markets : rough patch or prolonged weakness?

Didier, Tatiana; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2015

Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish performance than previously thought. This paper presents a comprehensive analysis of the nature of and the appropriate policy responses to the growth slowdown in EM. It reports...

Persistent link: https://www.econbiz.de/10011439473

Weakness in investment growth : causes, implications and policy responses

Kose, M. Ayhan; Ohnsorge, Franziska; Ye, Lei; Islamaj, Ergys - 2017

Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...

Persistent link: https://www.econbiz.de/10011635504

What types of capital flows help improve international risk sharing?

Islamaj, Ergys; Kose, M. Ayhan - 2021

Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance,...

Persistent link: https://www.econbiz.de/10012694652

Subdued potential growth : sources and remedies

Çelik, Sinem Kılıç; Kose, M. Ayhan; Ohnsorge, Franziska - 2020 - This version: March 2020

Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point...

Persistent link: https://www.econbiz.de/10012199524