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The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of … macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial … Development (OECD) economies and 21 developing Asian economies. We find, in general, recovery from a GDP recession in Asian …
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Economic resilience of regions under crises: a study of the Australian economy, Regional Studies. Identifying patterns of economic resilience in regions by industry categories is the focus of this paper. Patterns emerge from adaptive capacity in four distinct functional groups of local...
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We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
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This paper contrasts the impact of the 1929 and 2008 world crises on the Polish economy. Her much better performance during the recent crisis can be explained by two groups of factors: first, by very different stabilization policies and second, by distinct structural developments (resulting both...
Persistent link: https://www.econbiz.de/10011893273
This paper examines how global uncertainty and domestic shocks (domestic uncertainty) affect macroeconomic performance, such as household consumption expenditure, gross fixed capital formation, and goods and services exports, in Indonesia, Malaysia, the Philippines, and Thailand. The Global...
Persistent link: https://www.econbiz.de/10012869056