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US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between … empirical results indicate that most of the variation in inflation among low-income countries over the past decades is accounted … for by external shocks. More than half of the variation in core inflation rates among low-income countries is due to …
Persistent link: https://www.econbiz.de/10012059222
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken …
Persistent link: https://www.econbiz.de/10012434630
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of quarterly data over 1994Q4-2016Q4, indicate that a positive US interest rate shock has a negative impact on Cambodia …, this shock also leads to a significant decrease in Cambodia's international reserve levels during the first two quarters … following the shock. The surrendering of monetary and exchange rate independence seems to affect the competitiveness of the …
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