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The influence of global financial liquidity on the Indonesian economy : dynamic analysis with threshold VAR
Ekananda, Mahjus; Suryanto, Tulus - In: Economies : open access journal 9 (2021) 4, pp. 1-20
studied. This research aims to investigate the interdependent relationships between world GDP, world commodity prices, world … autoregression (TVAR) to capture regime changes in the variables of the world economy. World economic data and Indonesia's economic … data were utilized to prove different responses to the world economic situation in two different regimes. This research …
Persistent link: https://www.econbiz.de/10012799838
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Global financial cycles since 1880
Potjagailo, Galina; Wolters, Maik H. - 2019
globalization from 1880 to 1913 and the Great Depression. We find that joint global dynamics across various financial quantities and …
Persistent link: https://www.econbiz.de/10011987786
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Global financial cycles since 1880
Potjagailo, Galina; Wolters, Maik H. - 2019
dynamics of co-movement and compare recent developments to earlier episodes such as the early era of financial globalization …
Persistent link: https://www.econbiz.de/10011992406
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How important are global factors for understanding the dynamics of international capital flows?
Eller, Markus; Huber, Florian; Schuberth, Helene - 2018
We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship between global factors and country-specific capital flow dynamics. Studying a global sample of 43 countries from 1994 until 2015, we show that global co-movement of macroeconomic,...
Persistent link: https://www.econbiz.de/10011929696
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The implications of global and domestic credit cycles for emerging market economies : measures of finance-adjusted output gaps
Grintzalis, Ioannis; Lodge, David; Manu, Ana-Simona - 2017
We present estimates of finance-adjusted output gaps which incorporate the information on the domestic and global credit cycles for a sample of emerging market economies (EMEs). Following recent BIS research, we use a state-space representation of an HP filter augmented with a measure of the...
Persistent link: https://www.econbiz.de/10011637326
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Pulling Up the Tarnished Anchor : The End of Silver As a Global Unit of Account
Fernholz, Ricardo T. - 2017
We use the demise of silver-based standards in the 19th century to explore price dynamics when a commodity-based money ceases to function as a global unit of account. We develop a general equilibrium model of the global economy with gold and silver money. Calibration of the model shows that...
Persistent link: https://www.econbiz.de/10012955754
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Pulling up the tarnished anchor : the end of silver as a global unit of account
Fernholz, Ricardo T.; Mitchener, Kris; Weidenmier, Marc D. - 2017
We use the demise of silver-based standards in the 19th century to explore price dynamics when a commodity-based money ceases to function as a global unit of account. We develop a general equilibrium model of the global economy with gold and silver money. Calibration of the model shows that...
Persistent link: https://www.econbiz.de/10011646314
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Theory and Empirics of an Affine Term Structure Model Applied to European Data
Jakas, Vicente - 2011
The basic asset pricing equation is adapted to include the effects of unemployment, consumers' expectations, the price level and money supply on money market rates and government bond yields. Expected consumption growth is modelled using European unemployment figures and Eurostat Consumer...
Persistent link: https://www.econbiz.de/10013133488
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New evidence on the link between ethnic fractionalization and economic freedom
Marson, Marta; Migheli, Matteo; Saccone, Donatella - In: Economics of governance 22 (2021) 3, pp. 257-292
Persistent link: https://www.econbiz.de/10012616973
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Commodity windfalls, polarization, and net foreign assets : panel data evidence on the voracity effect
Arezki, Rabah; Brückner, Markus - 2011
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
Persistent link: https://www.econbiz.de/10009383561