's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to ten OECD economies, showing the … Kingdom, show that a substantial degree of international risk sharing can occur through current accounts and international …

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to 10 OECD economies, showing the …, show that a substantial degree of international risk sharing can occur through current accounts and international …

This paper examines real and financial spillovers to safe haven financial flow destinations due to risk-off shocks in … response to risk-off episodes over the estimation period, the yen real effective exchange rate (REER) appreciates sharply and …. Third, negative real spillovers from risk-off shocks appear to only apply to Japan with exchange rate appreciation …

How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the … global risk shocks in a Bayesian Proxy VAR model. They cause a synchronized contraction of global economic activity and … illustrate through counterfactuals that the dollar appreciation amplifies the adverse impact of global risk shocks outside of the …