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Kose, M. Ayhan - 2020

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...

Persistent link: https://www.econbiz.de/10012840241

Trade Crisis and Recovery : Restructuring of Global Value Chains

Milberg, William - 2017

The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds?...

Persistent link: https://www.econbiz.de/10012976553

Emerging and Developing Economies : Ten Years after the Global Recession

Kose, M. Ayhan - 2020

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...

Persistent link: https://www.econbiz.de/10012841602

Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms'Credit Availability

Berg, Gunhild - 2017

This paper analyzes the impact of two distinct shocks stemming from the cross-border transmission of the 2007-2009 crisis on credit availability for small firms. The paper uses data from AccessBank Azerbaijan which was affected in its liquidity position during the second and third quarters of...

Persistent link: https://www.econbiz.de/10012975306

Some Simple Analytics of Trade and Labor Mobility

Artuc, Erhan - 2018

This paper studies a simple, tractable model of labor adjustment in a trade model that allows researchers to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, duality techniques can be employed to study the equilibrium and, despite...

Persistent link: https://www.econbiz.de/10012937684

Trade Policy and Wage Inequality : A Structural Analysis with Occupational and Sectoral Mobility

Artuc, Erhan - 2017

A number of authors have argued that a worker's occupation of employment is at least as important as the worker's industry of employment in determining whether the worker will be hurt or helped by international trade. This paper investigates the role of occupational mobility on the effects of...

Persistent link: https://www.econbiz.de/10012974997

Decomposing the Great Trade Collapse : Products, Prices, and Quantities in the 2008-2009 Crisis

Haddad, Mona - 2017

The authors identifies a new set of stylized facts on the 2008-2009 trade collapse that they hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, they decompose the fall in international trade into product entry and...

Persistent link: https://www.econbiz.de/10012975852

Developing Countries and Monitoring WTO Commitments in Response to the Global Economic Crisis

Bown, Chad P. - 2017

This paper examines the role of the public sector in providing additional information to exporters in developing countries as they seek to monitor and keep open their access to foreign markets by using the rules of the WTO system. It highlights new information generation and dissemination...

Persistent link: https://www.econbiz.de/10012976545

Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines During Economic Slumps

Bluhm, Richard - 2020

This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a sharp contraction along with a trend break, which is...

Persistent link: https://www.econbiz.de/10012842778

Globalization and Workers in Developing Countries

Rama, Martin - 2017

Stories on the positive and negative effects of globalization on workers in developing countries abound. But a … describes the pattern of job destruction and job creation associated with globalization. Because these two processes are not … that can be used to offset the adverse effects of globalization on employment and labor earnings. Finally, it discusses how …

Persistent link: https://www.econbiz.de/10012971041

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