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An Index of Global Economic Policy Uncertainty

Davis, Steven J. - 2016

Building on Baker, Bloom and Davis (2016), I construct a monthly index of Global Economic Policy Uncertainty (GEPU) from January 1997. The GEPU Index is a GDP-weighted average of national EPU indices for 16 countries that account for two-thirds of global output. Each national EPU index reflects...

Persistent link: https://www.econbiz.de/10012981099

Innovation and Trade Policy in a Globalized World

Akcigit, Ufuk - 2018

innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … illustrates that, statically, globalization (defined as reduced trade barriers) has ambiguous effects on welfare, while …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …

Persistent link: https://www.econbiz.de/10012920880

Bilateral Trade as a Development Instrument Under Global Trade Restrictions

Nashashibi, Karim A. - 2021

In their striving toward development, a number of less developed countries have espoused bilateral trade as yet another policy instrument allowing them to increase their acquisition of foreign resources. This has been particularly true of the trade of India, Pakistan, and Egypt, on which some...

Persistent link: https://www.econbiz.de/10013245548

International Monetary Coordination and the Great Deviation

Taylor, John B. - 2013

Research in the early 1980s found that the gains from international coordination of monetary policy were quantitatively small compared to simply getting domestic policy right. That prediction turned out to be a pretty good description of monetary policy in the 1980s, 1990s, and until recently....

Persistent link: https://www.econbiz.de/10013088395

Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

Corsetti, Giancarlo - 2013

During the global financial crisis 2007-2009 fiscal policy was widely used as a stabilization tool. Policymakers allowed a large build-up of public debt resulting from both automatic and discretionary expansionary measures. At the same time, calls for policy coordination stressed that...

Persistent link: https://www.econbiz.de/10013091899

International Policy Coordination : The Long View

Eichengreen, Barry - 2013

This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...

Persistent link: https://www.econbiz.de/10013091942

The Gold Pool (1961-1968) and the Fall of the Bretton Woods System. Lessons for Central Bank Cooperation

Bordo, Michael D. - 2017

The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central banks pooled interventions – sharing profits and losses – to stabilize the dollar price of gold. Why did it collapse? From at least 1964, the fate of the Pool was in fact tied...

Persistent link: https://www.econbiz.de/10012943606

Preventing Financial Crises : An International Perspective

Mishkin, Frederic S. - 2010

In recent years the possibility of an international financial crisis has increased because of greater liquidity of international financial markets, an increase in corporate indebtedness and the decline of the banking industry. Using an asymmetric information analysis, this paper outlines what...

Persistent link: https://www.econbiz.de/10012763471

International Coordination and Precautionary Policies

Aizenman, Joshua - 2015

This paper highlights the rare conditions leading to international cooperation, and the reasons why eliciting this cooperation may be beneficial in preventing adverse tail shocks from spiraling into global depressions. In normal times, deeper macro cooperation among countries is associated with...

Persistent link: https://www.econbiz.de/10013010290

Macroprudential Policies in a Global Perspective

Jeanne, Olivier - 2014

the world is in a liquidity trap while the rest of the world accumulates reserves for prudential reasons …

Persistent link: https://www.econbiz.de/10013056869

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