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In this study we examine the impact on Hungary of a possible correction of global imbalances. We distinguished four different channels of the global adjustment process, which are widely referred to in the literature (fiscal tightening in the U.S.; housing price correction in the US; an increase...
Persistent link: https://www.econbiz.de/10010322406
largest force, affecting world economies at present. The current period of global economic integration is unprecedented and … the pace and extent of globalisation will continue to have major ramifications for the world, regional and New Zealand …
Persistent link: https://www.econbiz.de/10012115604
The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in … impact: when countries are connected by trade in goods, when a lockdown closes factories in one place of the world, essential … our world? Will there be lasting effects on our economies and on our societies at large? What does this mean for the …
Persistent link: https://www.econbiz.de/10012290500
Sustaining and accelerating agricultural growth remains a development imperative in view of persistent rural poverty and emerging threats to food security. While growth can be achieved by expansion of agricultural area and input intensification, growth through improvement in productivity is a...
Persistent link: https://www.econbiz.de/10011421179
This survey reviews the empirical literature on the impact of environmental policy instruments on the rate and direction of technological change. The survey is explicitly focused on the empirical identification of the hypothesis to expect a stronger impact from market-based incentives than from...
Persistent link: https://www.econbiz.de/10010325490
This paper compares the depth and length of the recent crisis with the Great Depression in the 1930s. It claims that economic policy played a crucial role in shortening and curtailing the recent crisis. We analyse which policies were applied during the recent crisis and which measures worked. We...
Persistent link: https://www.econbiz.de/10011435292
Die Verhandlungen zur Fortschreibung des Kyoto-Protokolls in Durban Ende 2011 haben gezeigt, dass kurz- bis mittelfristig mit keinem verbindlichen und ambitionierten globalen Abkommen zur Treibhausgasreduktion zu rechnen ist. Vor diesem Hintergrund gewinnt die klimapolitische Strategie der...
Persistent link: https://www.econbiz.de/10010471357
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011689946
Persistent link: https://www.econbiz.de/10011695957
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10010286160