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A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...
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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 …, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by …
Persistent link: https://www.econbiz.de/10012841841
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841152
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012175348
Die WES-Sonderfragen für das zweite Quartal 2019 befassen sich mit dem Welthandel und der Globalisierung. Vor dem … Globalisierung die Grenzen der Akzeptanz in der breiten Bevölkerung ihres Landes erreicht hat. Zusammenfassend lässt sich festhalten … in den USA, Frankreich und dem Vereinigten Königreich, sind hinsichtlich der Globalisierung generell kritischer gestimmt …
Persistent link: https://www.econbiz.de/10012017699
This paper examines the effects of inflation targeting (IT) on output growth over the "globalization years" of 1986 …-2004. Employing static panel data methods that control for traditional growth determinants, trade openness and financial globalization …
Persistent link: https://www.econbiz.de/10012561808
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10003850507
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