Showing 1 - 10 of 1,060
Persistent link: https://www.econbiz.de/10003773540
Persistent link: https://www.econbiz.de/10008688576
This paper assesses that participation of countries in IMF programs significantly diminishes their vulnerability to external shocks. Currently, one of the primary purposes of the IMF is to ensure global stability. As such, the Fund has the responsibility of advising member countries on the...
Persistent link: https://www.econbiz.de/10011447050
Persistent link: https://www.econbiz.de/10011494709
the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock … global market for oil, a generic monetary policy shock encompassing both conventional and unconventional interventions, and a … financial stress shock. The model is estimated using Bayesian methods over a sample that goes from 2003Q1 to 2019Q4 and …
Persistent link: https://www.econbiz.de/10012818649
Persistent link: https://www.econbiz.de/10011947207
We estimate the short-run effects of severe weather shocks on local economic activity and assess cross-border spillovers operating through economic linkages between U.S. states. We measure weather shocks using a detailed county-level database on emergency declarations triggered by natural...
Persistent link: https://www.econbiz.de/10014552864
international to domestic energy prices decreases from 1% to virtually zero in response to a shock rising real oil prices by 10 …
Persistent link: https://www.econbiz.de/10014380679
an important driver of business cycles and public debt dynamics, with much stronger shock transmission observed in the …
Persistent link: https://www.econbiz.de/10012153925
Financial markets are central to the transmission of uncertainty shocks. This paper documents a new aspect of the interaction between the two by showing that uncertainty shocks have radically different macroeconomic implications depending on the state financial markets are in when they occur....
Persistent link: https://www.econbiz.de/10010472852