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The world is still recovering from the most recent global recession associated with the 2008-09 financial crisis and … the possibility of another downturn persists as the global economy struggles to regain lost ground. But, what is a global …
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, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
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We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …
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