It is often asserted that, for most American workers, real wages and incomes have been “stagnant” for decades, but evidence shows that the large majority of US workers are better off today than in past decades. Increased trade, globalization, and technological innovation have helped to raise...

Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world; these measures are based on the proportion of discussions in quarterly earnings conference calls on the costs, benefits, and risks associated...

Malaysia is now an open and export-oriented economy. The export and manufacturing sectors are contributing significantly to economic growth and its share on GDP contributing significantly. It has increasingly diversified its exports in terms of products and markets, the result of which has been...

We assess the extent to which the great US macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil share in GDP. To do this we estimate a DSGE model with an oil-producing sector before and after 1984 and perform counterfactual simulations. We nest...

This paper addresses the dynamics of the Swedish external position, with a particular focus on its inter-relation with the external value of the krona. We argue that financial globalisation means that a broader conceptual framework is required, whereby exchange rate fluctuations operate through...

Japan's experience shows that very negative circumstances are required for a country to suffer from protracted deflation. The comparison of Japan's developments in the last few years with those of the US points to large differences, which suggest that the risk of deflation in the US is low....

This paper utilizes Vector Auto Regression (VAR) models to analyze the interdependence among exchange rates of twelve Asian-Pacific nations, Australia, China, Indonesia, Japan, Malaysia, New Zealand, Philippines, South Korea, Singapore, Taiwan, Thailand, and Vietnam. The daily data span from...

How can the international community save more children's lives faster and more effectively in the 21st century? This working paper analyzes the extent to which quot;frontloadingquot; and predictable vaccine funding, as proposed by the International Finance Facility for Immunization (IFFIm), is...

Recent empirical and theoretical literature on the impact of real exchange rate devaluations on economic performance questions the traditional expansionary effect generated within standard Mundell-Fleming models. Contractionary devaluations may arise when firms face maturity or currency...

This paper defines a new approach to measuring global disparities in development. Instead of comparing some characteristic, X, of development between people in rich and poor countries, we propose to compare X for people in poor countries against pets (of the mammalian kind) in rich countries....