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Capelle, Damien; Pellegrino, Bruno - 2023

We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

Persistent link: https://www.econbiz.de/10014340224

Global and Domestic Financial Cycles : Variations on a Theme

Aldasoro, Iñaki - 2020

We compare and contrast two prominent notions of financial cycles: a domestic variant, which focuses on how financial conditions within individual economies lead to boom-bust cycles there; and a global variant, which highlights how global financial conditions affect individual economies. The two...

Persistent link: https://www.econbiz.de/10012834310

Systemic Regulation of Global Trade and Finance : A Tale of Two Systems

Gadbaw, R. Michael - 2011

The recent financial crisis has put enormous strains on the global systems governing international finance and trade. These two important international regulatory systems, created after World War II to promote growth and stability in the global economy, were put to the test in ways unprecedented...

Persistent link: https://www.econbiz.de/10013128513

Structure and Complexity of Global Insurance Groups

Kartasheva, Anastasia V. - 2022

The top 100 international (re)insurance groups account for 85% of the global insurance assets and thus are the driving force of the global insurance supply. Yet little is known about their internal structure, business focus and the international footprint. We fill the gap by providing the first...

Persistent link: https://www.econbiz.de/10013307232

Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy as an Equilibrium Outcome of Globalization

Binyamini, Alon; Razin, Assaf - 2022

The paper provides a unified analysis of globalization effects on the inflation-output tradeoff and monetary policy, in … tend to flatten the tradeoff between inflation and activity. Second, these globalization forces lead monetary policy to be …

Persistent link: https://www.econbiz.de/10013292152

The Systemic Impact of Debt Default in a Multilayered Global Network Model

Porter, Nathan; Tovar, Camilo E.; Treviño, Juan; … - 2022

The world has become more interconnected over the past few decades. Against this backdrop, economic and financial contagion following adverse shocks can have a severe impact on the global economy. How systemic can the effects of contagion be? What specific transmission channels are involved?...

Persistent link: https://www.econbiz.de/10013491953

The Political Feasibility of a Global E-Commerce Tax

Azam, Rifat - 2015

In its strongest statement yet on progressive tax reform, the UN has recently called on countries to introduce a global carbon tax and financial transaction tax (FTT). In my recent article entitled Global Taxation of Cross Border E-commerce Income (31 Virginia Tax Review 639 (Spring 2012)), I...

Persistent link: https://www.econbiz.de/10014157407

Trade, jobs, and inequality

Beaton, Kimberly; Cerra, Valerie; Hadzi-Vaskov, Metodij - 2021

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...

Persistent link: https://www.econbiz.de/10012605685

How to deal with inequality : what policymakers should know

Ahluwalia, Montek S. - In: Global journal of emerging market economies 10 (2018) 1/3, pp. 11-24

Persistent link: https://www.econbiz.de/10012256360

The international political economy of global inequality

Lockwood, Erin - In: Review of international political economy 28 (2021) 2, pp. 421-445

Persistent link: https://www.econbiz.de/10012501494