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Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
Persistent link: https://www.econbiz.de/10012783436
In the event of large swings in world food prices, countries often intervene to dampen the impact of international food … intervention of many countries may exacerbate the volatility of world prices. Insulating policies introduced during the 2010 …-11 food price spike may have accounted for 40 percent of the increase in the world price of wheat and one-quarter of the …
Persistent link: https://www.econbiz.de/10012892747
What is the impact of fiscal policy shocks on key macroeconomic variables in Canada? This question triggered renewed interest in the aftermath of the 2008-09 Great Recession. Indeed, as in many advanced economies, fiscal policy in Canada following the recession started with an expansionary phase...
Persistent link: https://www.econbiz.de/10012969405
sudden and unanticipated currency devaluation in Botswana as a quasi-experiment, the article examines how this monetary shock …
Persistent link: https://www.econbiz.de/10012972052
domestic demand. Therefore, a pure supply side shock con be contrasted with a real economy shock that hit exactly when the bank …'s funding position strengthened again. The paper finds that during the funding shock (potential) borrowers are discouraged from … shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably …
Persistent link: https://www.econbiz.de/10012975306
The authors investigate the impact on economic growth and development of long-run movements in the external terms of trade, with special reference to the experience of 18 oil-exporting countries between 1973 and 1989. They argue that this sample approximates a controlled experiment for examining...
Persistent link: https://www.econbiz.de/10012746912
The authors assess the effect of economic instability on the success of projects funded by the World Bank using the …
Persistent link: https://www.econbiz.de/10012747949
The author attempts to analyze whether price-based controls on capital inflows are successful in insulating economies against external shocks. He presents results from vector auto regressive (VAR) models that indicate that Chile and Colombia, countries that adopted controls on capital inflows,...
Persistent link: https://www.econbiz.de/10012747800
Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors...
Persistent link: https://www.econbiz.de/10012975229
stability, and conflict risk; and third, to assess how prospective political transitions have implications for the World Bank …
Persistent link: https://www.econbiz.de/10012975862