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Oil Prices and the Global Economy : Is it Different this Time Around?

Mohaddes, Kamiar - 2017

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to...

Persistent link: https://www.econbiz.de/10012948538

China’s Emergence in the World Economy and Business Cycles in Latin America

Cesa-Bianchi, Ambrogio - 2011

This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have …

Persistent link: https://www.econbiz.de/10013117518

China's Emergence in the World Economy and Business Cycles in Latin America

Pesaran, M. Hashem - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10013121741

Structural econometric estimation of the basic reproduction number for Covid-19 across U.S. states and selected countries

Johnsson, Ida; Pesaran, M. Hashem; Yang, Cynthia Fan - 2023

This paper proposes a structural econometric approach to estimating the basic reproduction number (R0) of Covid-19. This approach identifies R0 in a panel regression model by filtering out the effects of mitigating factors on disease diffusion and is easy to implement. We apply the method to...

Persistent link: https://www.econbiz.de/10014364977

Identification of New Keynesian Phillips Curves from a Global Perspective

Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2021

New Keynesian Phillips Curves (NKPC) have been extensively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first is whether such equations are identified. To check...

Persistent link: https://www.econbiz.de/10013325166

A counterfactual economic analysis of Covid-19 using a threshold augmented multi-country model

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - In: Journal of international money and finance 119 (2021), pp. 1-26

Persistent link: https://www.econbiz.de/10013285015

The microeconomic foundations of economic development

Porter, Michael E.; Christensen, C. Roland - In: The global competitiveness report (1998), pp. 38-49

Persistent link: https://www.econbiz.de/10001471741

Measuring the microeconomic foundations of economic development

Porter, Michael E.; Christensen, C. Roland - In: The global competitiveness report (1998), pp. 50-63

Persistent link: https://www.econbiz.de/10001471824

Conditional volatility and correlations of weekly returns and the VaR analysis of 2008 stock market crash

Pesaran, Bahram; Pesaran, M. Hashem - 2010

Modelling of conditional volatilities and correlations across asset returns is an integral part of portfolio decision making and risk management. Over the past three decades there has been a trend towards increased asset return correlations across markets, a trend which has been accentuated...

Persistent link: https://www.econbiz.de/10003965868

Forecasting economic and financial variables with global VARs

Pesaran, M. Hashem; Schuermann, Til; Smith, L. Vanessa - 2009

Persistent link: https://www.econbiz.de/10003967398