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In the Shadow of War: Social, Distributive and Civil Conflicts in Belarus, Latvia, Kazakhstan, Kyrgyzstan, Lithuania, Russian Federation, Tajikistan and Ukraine

Cerami, Alfio - 2023

This article examines the relationship between presence of vertical and horizontal inequalities and the emergence of social, distributive and civil conflicts in Belarus, Latvia, Kazakhstan, Kyrgyzstan, Lithuania, Russian Federation, Tajikistan and Ukraine. Are ethnic, religious or linguistic...

Persistent link: https://www.econbiz.de/10015269808

Liquidity Traps in a Monetary Union

Kollmann, Robert - 2020

The closed economy macro literature has shown that a liquidity trap can result from the self-fulfilling expectation that future inflation and output will be low (Benhabib et al. (2001)). This paper investigates expectations-driven liquidity traps in a two-country New Keynesian model of a...

Persistent link: https://www.econbiz.de/10015215101

Global Liquidity Traps

Kollmann, Robert - 2020

This paper studies fluctuations of interest rates, inflation and output in a two-country New Keynesian business cycle model with a zero lower bound (ZLB) constraint for nominal interest rates. The presence of the ZLB generates multiple equilibria driven by self-fulfilling changes in domestic and...

Persistent link: https://www.econbiz.de/10015215102

Assessing financial vulnerability, an early warning system for emerging markets: Introduction

Reinhart, Carmen; Goldstein, Morris; Kaminsky, Graciela - 2000

This study analyzes and provides empirical tests of early warning indicators of banking and currency crises in emerging economies. The aim is to identify key empirical regularities in the run-up to banking and currency crises that would enable officials and private market participants to...

Persistent link: https://www.econbiz.de/10015215796

Capital flows and saving in Latin America and Asia: A reinterpretation

Reinhart, Carmen; Talvi, Ernesto - 1998

Both theory and the empirical evidence for a broad range of countries have identified a negative relationship between domestic and foreign saving. Still, based on the experience of the 1990s, a popular view has emerged that domestic and foreign saving are positively related in Asia and...

Persistent link: https://www.econbiz.de/10015215848

Integration, decoupling and the global financial crisis: A global perspective

Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - 2010

The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables … shock did not spread widely to other regions. Even in the MERCOSUR and SAARC, due to limited goods exports exposure to the …

Persistent link: https://www.econbiz.de/10015221629

Labor wedges and open economy puzzles

Karabarbounis, Loukas - 2010

A parsimonious model with home production, estimated to match moments of the “labor wedge,” explains prominent puzzles of the international business cycle. If market and home activity are substitutes, then the measured labor wedge increases whenever market consumption and employment...

Persistent link: https://www.econbiz.de/10015227252

Labor wedges and open economy puzzles

Karabarbounis, Loukas - 2009

Persistent link: https://www.econbiz.de/10015227362

The Mean Squared Prediction Error Paradox: A summary

Pincheira, Pablo; Hardy, Nicolas - 2020

This is a summary of the paper entitled : “The Mean Squared Prediction Error Paradox”. In that paper, we show that traditional comparisons of Mean Squared Prediction Error (MSPE) between two competing forecasts may be highly controversial. This is so because when some specific conditions of...

Persistent link: https://www.econbiz.de/10015229363

Liquidity Traps in a World Economy

Kollmann, Robert - 2021

differs markedly from shock transmission in a “fundamentals-driven” liquidity trap. …

Persistent link: https://www.econbiz.de/10015229418