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Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies
Bibow, Jörg - 2010
to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …
Persistent link: https://www.econbiz.de/10010281707
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US Monetary Policy in a Globalized World
Cuaresma, Jesús Crespo; Doppelhofer, Gernot; … - 2016
We analyze the interaction between monetary policy in the US and the global economy proposing a new class of Bayesian global vector autoregressive models that accounts for time-varying parameters and stochastic volatility (TVP-SV-GVAR). We find that a contractionary US monetary policy shock...
Persistent link: https://www.econbiz.de/10013370122
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Rational expectations and inflation targeting: An analysis for ten countries
Fromlet, Pia - 2010
In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future deviation from target given information about the...
Persistent link: https://www.econbiz.de/10010321410
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Saving on a Rainy Day, Borrowing for a Rainy Day
Alan, Sule; Crossley, Thomas; Low, Hamish - 2012
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
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Mitigating the COVID-19 effect: Emergency economic policy-making in Central Europe
Podvršič, Ana; Becker, Joachim; Piroska, Dóra; … - 2020
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
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War and the international trading system in the twentieth century
Rockoff, Hugh - 2011
the twentieth century were dominated by the international gold standard. But as a result of World War I, this system was … replaced by the troubled gold exchange standards of the 1920s and 1930s. As a result of World War II the interwar system was … replaced in turn by the Bretton Woods system. And as a result of inflation of the late 1960s, produced in part by America's war …
Persistent link: https://www.econbiz.de/10010282840
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...
Persistent link: https://www.econbiz.de/10012292734
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Economists in the 2008 financial crisis: Slow to see, fast to act
Levy, Daniel C.; Mayer, Tamir; Raviv, Alon - 2022
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...
Persistent link: https://www.econbiz.de/10014304174
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Niedrigzinspolitik und Sparkultur in Japan: Implikationen für die Wirtschaftspolitik
Schnabl, Gunther; Sepp, Tim - 2021
Kreditvergabe. Es wird gezeigt, wie durch die anhaltend lockere Geldpolitik der Bank von Japan die Sparkultur in Japan grundlegend …
Persistent link: https://www.econbiz.de/10012608397
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Overvalued: Swedish monetary policy in the 1930s
Rathke, Alexander; Straumann, Tobias; Woitek, Ulrich - 2011
enabling the country to benefit quickly from the eventual recovery of world demand. …
Persistent link: https://www.econbiz.de/10010316914