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Inflation Persistence : Implications for a Design of Monetary Policy in a Small Open Economy Subject to External Shocks

Kuralbayeva, Karlygash - 2007

We analyze implications of inflation persistence for business cycle dynamics following terms of trade and risk-premium shocks in a small open economy, under fixed and flexible exchange rate regimes. We show that the country's adjustment paths are slow and cyclical if there is a significant...

Persistent link: https://www.econbiz.de/10014052836

Inflation persistence: Implications for a design of monetary policy in a small open economy subject to external shocks

Kuralbayeva, Karlygash - Centro di Studi Internazionali Sull'Economia e la … - 2007

We analyze implications of in.ation persistence for business cycle dynamics following terms of trade and risk-premium shocks in a small open economy, under fixed and flexible exchange rate regimes. We show that the country's adjustment paths are slow and cyclical if there is a signi.cant...

Persistent link: https://www.econbiz.de/10005694998

The economic and monetary union countries vs. the global crisis

Kowalski, Tadeusz - Volkswirtschaftliche Fakultät, … - 2012

The global financial and economic crisis revealed institutional weaknesses and structural problems of particular Economic and Monetary Union (EMU) countries. The crisis and slowdown that followed had an impact on their relative competitiveness. Financial and economic turbulences of recent years...

Persistent link: https://www.econbiz.de/10011107690

Debt and financial market contagion

Hsiao, Cody Yu-Ling; Morley, James C. - In: Empirical economics : a quarterly journal of the … 62 (2022) 4, pp. 1599-1648

Persistent link: https://www.econbiz.de/10013197240

No Way Out: Persistent Government Interventions in the Great Contraction

Reinhart, Vincent R. - American Enterprise Institute

In No Way Out: Persistent Government Interventions in the Great Contraction, editor Vincent R. Reinhart brings together an array of professional and academic authors to generate a narrative of the 2007–08 financial crisis, its causes, and likely recurrences.

Persistent link: https://www.econbiz.de/10010992342

The Indian Stock Market and the Great Recession

MANDAL, Arindam; BHATTACHARJEE, Prasun - In: Theoretical and Applied Economics XVIII(2012) (2012) 3(568), pp. 51-76

This study analyzes the impact of the outbreak of the Great Recession of 2007 on the behavior of the Indian stock market. The SENSEX index of the Bombay Stock Exchange is analyzed for the prerecession period of January 2002 – November 2007 and the postrecession outbreak period of December 2007...

Persistent link: https://www.econbiz.de/10010538963

No Way Out: Persistent Government Interventions in the Great Contraction

Reinhart, Vincent R. - American Enterprise Institute

Persistent link: https://www.econbiz.de/10010842196

Debt and Financial Market Contagion

Hsiao, Cody Yu-Ling; Morley, James - School of Economics, UNSW Business School - 2015

based on di¤erent tests of contagion and investigate whether the transmission of crises across countries can be related to … similar debt conditions. We compare the role of debt stocks and ows to traditional channels for contagion based on regional … role than trade linkages in driving contagion across equity markets. …

Persistent link: https://www.econbiz.de/10011185448

Dynamic prediction pools : an investigation of financial frictions and forecasting performance

Del Negro, Marco; Hasegawa, Raiden B.; Schorfheide, Frank - 2014

We provide a novel methodology for estimating time-varying weights in linear prediction pools, which we call dynamic pools, and use it to investigate the relative forecasting performance of dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions, for output...

Persistent link: https://www.econbiz.de/10010414783

Uncertainty and monetary policy during the great recession

Pellegrino, Giovanni; Castelnuovo, Efrem; Caggiano, Giovanni - 2021

We employ a nonlinear VAR framework and a state-of-the-art identification strategy to document the large response of real activity to a financial uncertainty shock during and in the aftermath of the great recession. We replicate this evidence with an estimated DSGE framework featuring a concept...

Persistent link: https://www.econbiz.de/10012495676