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linkages between Germany and the Czech Republic, Hungary, Poland, and the Slovak Republic (CE4) have expanded rapidly …
Persistent link: https://www.econbiz.de/10011243491
This Selected Issues Paper focuses on the economic and financial ties between Poland and the euro area and analyzes the … associated spillovers. It documents stylized facts about trade, vertical integration, foreign direct investment, and banking … system linkages between Poland and core euro area countries. The impact of shocks originating from the euro area on economic …
Persistent link: https://www.econbiz.de/10011242491
This 2013 Article IV Consultation highlights that Germany’s economic rebound of 2010–11 gave way to weakening momentum during the course of 2012. Although exports to non-European trading partners began to recover by mid-2012, in line with improved prospects in the United States and...
Persistent link: https://www.econbiz.de/10011244067
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
The Mauritian economy showed strong performance owing to its sound macroeconomic policies. Executive Directors emphasized the need to remain competitive and address the growing unemployment problem. They commended the efforts to support the developments in financial services, free port...
Persistent link: https://www.econbiz.de/10005599096
During the last decades, international trade flows of the industrialised countries became more and more intra-industry. At the same time, employment perspectives particularly of the low skilled by tendency deteriorated in these countries. This phenomenon is often traced back to the fact that...
Persistent link: https://www.econbiz.de/10011130185
We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...
Persistent link: https://www.econbiz.de/10011130191
This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi …-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the …. Simulation results suggest a prominent role of foreign demand shocks (euro area and global) in driving Poland’s output …
Persistent link: https://www.econbiz.de/10011142199
relative importance of U.S. demand shocks—and other foreign disturbances—in explaining Mexican output fluctuations. It … relevant to explaining business cycles in Mexico. It analyses potential spillovers and channels of transmission underlying the …
Persistent link: https://www.econbiz.de/10011245436
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...
Persistent link: https://www.econbiz.de/10011142006