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We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
Ever since the end of the Great Recession, the U.S. economy has experienced a period of mild inflation, which … contradicts with the output-inflation relationship depicted by a traditional Phillips curve. This paper examines how the permanent … output loss during the Great Recession has affected the ability of the Phillips curve to explain U.S. inflation dynamics. We …
Persistent link: https://www.econbiz.de/10012972196
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investigates the prevalence of inefficiencies during the post GFC period (2010-18) in India. A stochastic frontier gravity model is … variable and five dimensions of the Economic Freedom Index (EFI) as explanatory variables for India and at an aggregate level … environment of India during the period of analysis, which can be mainly attributed to the November 2016 sudden implementation of …
Persistent link: https://www.econbiz.de/10014352025
The Brazilian economy in 2015 was afflicted by a lethal combination of decelerating activity and accelerating inflation …
Persistent link: https://www.econbiz.de/10011438517
While Brazil's deep recession has been broad based, it has been marked by a particularlylarge fall in investment. Real … factors contributed tothe investment decline, including a deterioration in Brazil's medium-term growthprospects, rising real …
Persistent link: https://www.econbiz.de/10012928618
, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and … systems. -- international financial markets ; financial stability ; capital flows ; exchange rates ; China ; India ; Brazil …
Persistent link: https://www.econbiz.de/10003793467
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