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COVID-19 : macroeconomic dimensions in the developing world
Addison, Tony; Sen, Kunal; Tarp, Finn - 2020
The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...
Persistent link: https://www.econbiz.de/10012228062
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Challenges to Economic Stability Amid Global Epidemic of COVID-19 : Apposite Policy Recommendations for Economic Revival in Pakistan
Aslam, Ejaz - 2020
Akin to Spanish flue of 20th century, the Coronavirus disease 2019 (COVID-19) pandemic is an unprecedented global emergency of 21st century, bequeathing a crucial impact on lives and livelihoods which triggered phenomenal policy challenges for economic revival. COVID-19 swiftly proliferated all...
Persistent link: https://www.econbiz.de/10012830659
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The optimal inflation rate with discount factor heterogeneity
Lepetit, Antoine - 2018
This paper shows that deviations from long-run price stability are optimal in the presence of price stickiness whenever …
Persistent link: https://www.econbiz.de/10012016683
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Macroeconomic effects of oil price fluctuations on emerging and developed economies in a model incorporating monetary variables
Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki - 2015
economy. On the other hand, however, the impact of oil price fluctuations on the People's Republic of China's inflation rate …The goal of this paper is to examine the impact of crude oil price movements on two macro variables, the gross domestic … product (GDP) growth rate and the consumer price index (CPI) inflation rate, in three countries, the People's Republic of …
Persistent link: https://www.econbiz.de/10011374641
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Measuring the effects of commodity price shocks on Asian economies
Inoue, Tomoo; Okimoto, Tatsuyoshi - 2017
consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil … about measuring the magnitude of oil and food price shock diffusion on a country's various inflationary indicators. This … from January 2001); (ii) the model is enriched by considering the People's Republic of China's role in integrating the …
Persistent link: https://www.econbiz.de/10011621249
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Monetary discipline and macroeconomic performance : the case of Indonesia
Ramayandi, Arief; Rosario, Aleli - 2010
Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...
Persistent link: https://www.econbiz.de/10008826302
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The changing macroeconomic response to stock market volatility shocks
Beetsma, Roel; Giuliodori, Massimo - 2011 - This version: 14 November 2011
There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks has changed substantially over time. The negative...
Persistent link: https://www.econbiz.de/10009380407
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The Asymmetric Effects of Oil Shocks on Output Growth : A Markov-Switching Analysis for the G-7 Countries
Manera, Matteo - 2014
price changes, asymmetric transformations of oil price changes, oil price volatility, and oil supply conditions. We measure …. Fourth, positive oil price changes, net oil price increases and oil price volatility are the oil shock definitions which …
Persistent link: https://www.econbiz.de/10012709869
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Inflation Variability and the Relationship between Inflation and Growth
Jha, Raghbendra - 2015
We examine the effect of inflation variability and economic growth using annual historical data on both developing and developed countries. The data cover 182 developing countries and 31 developed countries for the period 1961-2009. Proxying inflation variability by the five-year coefficient of...
Persistent link: https://www.econbiz.de/10013038056
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Oil Price Fluctuations and it Impact on Economic Growth : A DSGE Approach
Bondzie, Eric - 2016
based on the features of the Ghanaian Economy. We then examined the persistent effects of world oil price and monetary …
Persistent link: https://www.econbiz.de/10012999305