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Which external shock matters in small open economies? : global risk aversion vs. US economic policy uncertainty
Kim, Youngju; Lim, Hyunjoon; Sohn, Wook - In: Japan and the world economy : international journal of … 54 (2020)
Persistent link: https://www.econbiz.de/10012502521
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The timing of uncertainty shocks in a small open economy
Armelius, Hanna; Hull, Isaiah; Köhler, Hanna Stenbacka - 2016
impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …
Persistent link: https://www.econbiz.de/10011574319
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The Timing of Uncertainty Shocks in a Small Open Economy
Armelius, Hanna; Hull, Isaiah; Stenbacka Köhler, Hanna - 2020
impulse response functions for GDP growth than shocks to the US index. In particular, a one standard deviation shock to the … shock to the US index delivers its maximum impact with a one-quarter delay. Other foreign proxies, such as the EU and German …
Persistent link: https://www.econbiz.de/10014122872
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The External Balance Assessment Methodology : 2018 Update
Cubeddu, Luis - 2019
The assessment of external positions and exchange rates is a key mandate of the IMF. This paperpresents the updated External Balance Assessment (EBA) framework-a key input in the conduct ofmultilaterally-consistent external sector assessments of 49 advanced and emerging marketeconomies-following...
Persistent link: https://www.econbiz.de/10012888758
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International Bank Lending Channel of Monetary Policy
Albrizio, Silvia - 2019
How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S.,...
Persistent link: https://www.econbiz.de/10012858392
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International Bank Lending Channel of Monetary Policy
Albrizio, Silvia - 2019
How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S.,...
Persistent link: https://www.econbiz.de/10012859025
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The multiple effects of capital controls
Zehri, Chokri - In: Comparative economic research : Central and Eastern Europe 23 (2020) 4, pp. 169-185
Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustment in economies with nominal rigidities and suboptimal monetary policy. Such controls may take various forms, including explicit or implicit taxation of cross-border financial flows and dual or...
Persistent link: https://www.econbiz.de/10012419526
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Productivity Shocks, Learning, and Open Economy Dynamics
Miniane, Jacques - 2006
shock is sluggish and peaks with delay; (ii) permanent shocks generate positive rather than negative savings on impact; and …
Persistent link: https://www.econbiz.de/10012783176
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Carbon taxes and tariffs, financial frictions, and international spillovers
Carattini, Stefano; Kim, Giseong; Melkadze, Givi; … - 2023
Ambitious climate policy, coupled with financial frictions, has the potential to create macrofinancial stability risk …. Such stability risk may expand beyond the economy implementing climate policy, potentially catching other countries off … policies and to guide the implementation of macroprudential policies at the global scale aimed at minimizing transition risk …
Persistent link: https://www.econbiz.de/10014444903
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Price Stability in Small Open Economies
Dmitriev, Mikhail - 2014
absence of consumption home bias we find that non-unitary elasticity, imperfect risk-sharing, and non-cooperative monetary …
Persistent link: https://www.econbiz.de/10013064169