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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

Understanding inflation in emerging and developing economies

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...

Persistent link: https://www.econbiz.de/10011980872

Global inflation synchronization

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...

Persistent link: https://www.econbiz.de/10011980916

Emerging and developing economies : ten years after the global recession

Kose, M. Ayhan; Ohnsorge, Franziska - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012175348

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

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