in Colombia to bring forth anexample of real world relevance …

growth. Given existing evidence that LICs were primarily impacted by such a shock in the global financial crisis, our … higher stock of international reserves are more likely to dampen the effects of an ED shock on growth. -- Global financial …

considers a developing economy that faces an upward-sloping supply function of debt. It analyzes how a particular foreign shock …, a world interest shock, influences such key macroeconomic variables as output, investment, the current account, and the … world interest shock lowers overall economic welfare …

inflows helped low-income countries cope with the oil price shock. Preliminary data suggest that reductions in oil import …