Narrow search
Showing 1 - 10 of 162
Cover Image
The great plunge in oil prices: Causes, consequences, and policy responses
Baffes, John; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2015
Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
Persistent link: https://www.econbiz.de/10011440121
Cover Image
Can this time be different? Policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012388936
Cover Image
Can this Time be Different? Policy Options in Times of Rising Debt
Kose, M. Ayhan - 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012839371
Cover Image
The Great Plunge in Oil Prices : Causes, Consequences, and Policy Responses
Baffes, John - 2015
Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
Persistent link: https://www.econbiz.de/10013020214
Cover Image
A mountain of debt : Navigating the legacy of the pandemic
Kose, M. Ayhan; Ohnsorge, Franziska; Sugawara, Naotaka - 2021
The COVID-19 pandemic has triggered a massive increase in global debt levels and exacerbated the trade-offs between the benefits and costs of accumulating government debt. This paper examines these trade-offs by putting the recent debt boom into a historical context. It reports three major...
Persistent link: https://www.econbiz.de/10013323778
Cover Image
Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020 - This version: March 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012195063
Cover Image
The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses
Baffes, John; Kose, M. Ayhan; Ohnsorge, Franziska; … - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2015
Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
Persistent link: https://www.econbiz.de/10011254978
Cover Image
Volatility and Comovement in a Globalized World Economy An Empirical Exploration
Kose, M. Ayhan - 2006
This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment … fluctuations using two distinct datasets. The results suggest that there has been a significant decline in the volatility of … in macroeconomic volatility as well as declines in the degree of comovement of output and consumption growth with their …
Persistent link: https://www.econbiz.de/10012782433
Cover Image
Financial Integration and Macroeconomic Volatility
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2003
This paper examines the impact of international financial integration on macroeconomic volatility. Economic theory does … not provide a clear guide to the effects of financial integration on volatility, implying that this is essentially an … empirical question. We provide a comprehensive examination of changes in macroeconomic volatility in a large group of industrial …
Persistent link: https://www.econbiz.de/10014084811
Cover Image
Why do fiscal multipliers depend on fiscal positions?
Huidrom, Raju; Kose, M. Ayhan; Lim, Jamus Jerome; … - 2019
The fiscal position can affect fiscal multipliers through two channels. Through the Ricardian channel, households reduce consumption in anticipation of future fiscal adjustments when fiscal stimulus is implemented from a weak fiscal position. Through the interest rate channel, fiscal stimulus...
Persistent link: https://www.econbiz.de/10012060222