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Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A.; Talvi, Ernesto - 2021

This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...

Persistent link: https://www.econbiz.de/10013222318

The Global 1970s and the Echo of the Great Depression

Taylor, Alan M. - 2009

The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...

Persistent link: https://www.econbiz.de/10013155029

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

Edwards, Sebastian; Montiel, Peter J. - 2022

This paper develops our analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring an official devaluation. The effects of postponing adjustment depend on the source of the original shock,...

Persistent link: https://www.econbiz.de/10013322895

Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime

della Paolera, Gerardo; Taylor, Alan M. - 2021

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of...

Persistent link: https://www.econbiz.de/10013221515

Who Profits from Amateurism? Rent-Sharing in Modern College Sports

Garthwaite, Craig - 2020

rents flow to women's sports and other men's sports and lead to increased spending on facilities, coaches' salaries, and … other athletic department personnel. Using complete roster data for every student-athlete playing sports at these schools in … collective bargaining agreements in professional sports leagues as a benchmark. We also discuss how our results help understand …

Persistent link: https://www.econbiz.de/10012824285

Norwegian and Us Policies Alleviate Business Vulnerability Due to the Covid-19 Shock Equally Well

Alstadsæter, Annette - 2020

We use Norwegian administrative data and applications for emergency government support to simulate magnitude and distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by...

Persistent link: https://www.econbiz.de/10012826132

Real-Time Real Economic Activity : Exiting the Great Recession and Entering the Pandemic Recession

Diebold, Francis X. - 2020

We study the real-time signals provided by the Aruoba-Diebold-Scotti Index of Business conditions (ADS) for tracking economic activity at high frequency. We start with exit from the Great Recession, comparing the evolution of real-time vintage beliefs to a "final" late-vintage chronology. We...

Persistent link: https://www.econbiz.de/10012826653

Early Evidence on the Impact of COVID-19 and the Recession on Older Workers

Bui, Truc - 2020

We summarize some of the early effects and discuss possible future effects of the COVID-19 pandemic and recession on the employment outcomes of older workers in the United States. We start by discussing what we know about how older workers faired in prior recessions in the United States and how...

Persistent link: https://www.econbiz.de/10012829784

Fear, Lockdown, and Diversion : Comparing Drivers of Pandemic Economic Decline 2020

Goolsbee, Austan D. - 2020

The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...

Persistent link: https://www.econbiz.de/10012829790

Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments

Baker, Scott R. - 2020

The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high-frequency transaction data from a Fintech non-profit, exploring heterogeneity by income levels, recent income declines, and liquidity as well as linked survey responses about...

Persistent link: https://www.econbiz.de/10012835110

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