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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
Persistent link: https://www.econbiz.de/10003981363
and trade shocks on the risk of intrastate conflict. A set of operationalizations of economic shock is developed and used …
Persistent link: https://www.econbiz.de/10012562549
The world will experience dramatic demographic change over this century. This paper examines the impacts of this global …-sector general equilibrium model. Using a detailed structural model, we simulate demographic shocks of six regions in the world … economy as well as Australian own demographic shock to investigate their impacts on Australian macroeconomic conditions …
Persistent link: https://www.econbiz.de/10012838076
Our study shows that China could contribute to an orderly global rebalancing by a package of policies to stimulate its domestic consumption. These policies include a progressive appreciation of RMB, fiscal stimuli of increasing social expenditures on education, healthcare, social safety net and...
Persistent link: https://www.econbiz.de/10012724800
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10013144334
The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
Persistent link: https://www.econbiz.de/10010289703
While population has been aging globally, regions and countries are significantly asymmetric in the timing and speed of the demographic transitions, especially between developed and developing regions. This paper explores the impacts of asymmetric demographic change on international capital...
Persistent link: https://www.econbiz.de/10013212954
Persistent link: https://www.econbiz.de/10003745986
increasing volatility or by amplifying the adverse effect of external shocks. "--World Bank web site …
Persistent link: https://www.econbiz.de/10010522467
Persistent link: https://www.econbiz.de/10003831154