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In this study we examine the impact on Hungary of a possible correction of global imbalances. We distinguished four different channels of the global adjustment process, which are widely referred to in the literature (fiscal tightening in the U.S.; housing price correction in the US; an increase...
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The study complements the extant literature by constructing Covid-19 economic vulnerability and resilience indexes using a global sample of 150 countries which are categorized into four principal regions, namely: Africa, Asia-Pacific and the Middle East, America and Europe. Seven variables are...
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of key technologies. We find that the trade war has led to an increase in tariffs that face several upstream inputs, such …In 2019 and the early months of 2020, global trade faced two major albeit very different shocks, namely the United … States-China trade war and the cascading response of the countries around the world to the COVID-19 pandemic. While the …
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