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China's GDP Growth May Be Understated
Clark, Hunter L. - 2017
Concerns about the quality of China's official GDP statistics have been a perennial question in understanding its …
Persistent link: https://www.econbiz.de/10012958590
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The Effects of U.S. Monetary Policy on Emerging Market Economies' Sovereign and Corporate Bond Markets
Burger, John D. - 2017
We analyze the effect of the US Federal Reserve's monetary policy on EME sovereign and corporate bond markets by focusing on two dimensions: the evolution of the structure (size and currency composition) of the bond markets and their allocations within the bond portfolios of US investors. Global...
Persistent link: https://www.econbiz.de/10012950839
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Post-Fomc Announcement Drift in U.S. Bond Markets
Brooks, Jordan - 2018
The sensitivity of long-term rates to short-term rates represents a puzzle for standard macro-finance models. Post-FOMC announcement drift in Treasury markets after Federal Funds target changes contributes to the excess sensitivity of long rates. Mutual fund investors respond to the salience of...
Persistent link: https://www.econbiz.de/10012909867
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The Market for American State Government Bonds in Britain and the United States, 1830-1843
Kim, Namsuk; Wallis, John Joseph - 2021
In the 1830s the British and American economies were hit by a series of shared macroeconomic shocks. This paper investigates the role of markets for Americas State bonds in Britain and the U.S. during and between the crises in 1837, 1839, and 1842. There is strong evidence that the crises in...
Persistent link: https://www.econbiz.de/10013247216
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Identification Through Heteroskedasticity : Measuring "Contagion: Betweenargentinean and Mexican Sovereign Bonds
Rigobon, Roberto - 2010
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012763760
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Newer Need Not Be Better : Evaluating the Penn World Tables and the World Development Indicators Using Nighttime Lights
Pinkovskiy, Maxim - 2016
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors of most conventional indicators. Therefore, we can use nighttime lights as an independent benchmark to assess existing measures of economic activity (Pinkovskiy and...
Persistent link: https://www.econbiz.de/10012992665
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
correlation between density and earnings is stronger in both China and India than in the U.S., strongest in China. In India the … American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications …
Persistent link: https://www.econbiz.de/10012998418
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Did the Malaysian Capital Controls Work?
Kaplan, Ethan; Rodrik, Dani - 2021
. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not … summer of 1998, while it had significantly eased up in Korea and Thailand. We employ a time-shifted differences …
Persistent link: https://www.econbiz.de/10013235866
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Technology Capital and the U.S. Current Account
McGrattan, Ellen R. - 2010
The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...
Persistent link: https://www.econbiz.de/10012759325
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Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States
Hoffmann, Florian - 2014
This paper investigates the potential reasons for the surprisingly different labor market performance of the United States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates did not change substantially in Germany, increased and...
Persistent link: https://www.econbiz.de/10013043619