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We use a non-linear factor-augmented vector-autoregressive model to evaluate international effects of an unexpected decrease in euro area policy rates. Given the current environment of ultra low or negative interest rates, we especially focus on potential differences in the transmission of the...
Persistent link: https://www.econbiz.de/10011621228
countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of … increased significantly in the post-crisis period, suggesting "recoupling", rather than decoupling, in recent years. Output …
Persistent link: https://www.econbiz.de/10011283453
the first best can be implemented. Prior analyses of optimal damage awards, decoupling, and fee shifting are shown to …
Persistent link: https://www.econbiz.de/10011772058
We propose and implement an index of macroeconomic vulnerability to foreign shocks based on a structural time-varying bayesianVARwith a block-exogeneity hypothesis for a given pair of a large economy and a small open economy. The index is based on the sum of the responses of the small open...
Persistent link: https://www.econbiz.de/10012814956
-seeking activities generate negative preference externalities, technological advance may lead to a particular type of "decoupling" of …
Persistent link: https://www.econbiz.de/10012418627
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Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354
resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the … importance of resilience thinking and the formulation of appropriate policy interventions to build economic resilience … shocks. This is to say that such policies should be underpinned by policy analysis and research on resilience systems. There …
Persistent link: https://www.econbiz.de/10011448778
Persistent link: https://www.econbiz.de/10011456676