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Learning from Developing Country Experience : Growth and Economic Thought Before and after the 2008-09 Crisis

Harrison, Ann E. - 2017

The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the ascent of developing countries in the global economy before, during, and after the crisis. Second, it...

Persistent link: https://www.econbiz.de/10012975849

Credit Growth and Financial Stability in the Czech Republic

Frait, Jan - 2017

The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years …. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial … tame credit booms in small converging economies, a concerted set of microprudential and macroprudential measures, including …

Persistent link: https://www.econbiz.de/10012975816

Inflation and Public Debt Reversals in Advanced Economies

Fukunaga, Ichiro - 2020

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced economies using simulation and estimation approaches. The simulations based on the debt dynamics equation and estimations of impulse responses by local projections both suggest that...

Persistent link: https://www.econbiz.de/10012842775

On the Asymmetry of Global Spillovers : Emerging Markets Versus Advanced Economies

Arezki, Rabah - 2018

This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth...

Persistent link: https://www.econbiz.de/10012907092

Global Supply Chains and Trade Policy

Blanchard, Emily J. - 2018

How do global supply chain linkages modify countries' incentives to impose import protection? Are these linkages empirically important determinants of trade policy? To address these questions, this paper introduces supply chain linkages into a workhorse terms-of-trade model of trade policy with...

Persistent link: https://www.econbiz.de/10012936568

Demography, Urbanization and Development : Rural Push, Urban Pull and... Urban Push?

Jedwab, Remi - 2017

Developing countries have urbanized rapidly since 1950. To explain urbanization, standard models emphasize rural-urban migration, focusing on rural push factors (agricultural modernization and rural poverty) and urban pull factors (industrialization and urban-biased policies). Using new...

Persistent link: https://www.econbiz.de/10012971521

Episodes of Unemployment Reduction in Rich, Middle-Income, and Transition Economies

Freund, Caroline L. - 2017

This paper studies the incidence and determinants of episodes of drastic unemployment reduction, defined as swift, substantial, and sustained declines in unemployment. Forty-three episodes are identified over a period of nearly three decades in 94 rich, middle-income, and transition countries....

Persistent link: https://www.econbiz.de/10012973182

Demand Growth Versus Market Share Gains : Decomposing World Manufacturing Import Growth

Aksoy, Ataman - 2017

This paper decomposes manufacturing import growth rates in a selected set of large industrial and developing countries (five industrial and eight developing) and measures the relative contributions of domestic demand and market share changes for two separate periods 1991/92 - 2001/02 and 2001/02...

Persistent link: https://www.econbiz.de/10012974580

Economic Implications of Moving Toward Global Convergence on Emission Intensities

Timilsina, Govinda R. - 2017

One key contentious issue in climate change negotiations is the huge difference in carbon dioxide (CO2) emissions per capita between more advanced industrialized countries and other nations. This paper analyzes the costs of reducing this gap. Simulations using a global computable general...

Persistent link: https://www.econbiz.de/10012975152

Mobile Banking and Financial Inclusion : The Regulatory Lessons

Klein, Michael U. - 2017

Mobile banking is growing at a remarkable speed around the world. In the process it is creating considerable uncertainty about the appropriate regulatory response to this newly emerging service. This paper sets out a framework for considering the design of regulation of mobile banking. Since it...

Persistent link: https://www.econbiz.de/10012976000

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