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response of commodity prices to the shock. …
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structural polices for an older, indebted and more fragmented world. …, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation … until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in …
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world trade volume to plummet by a staggering 13 percent to 32 percent in 2020. This translates to large-scale losses in … severity of the global recession, and the ability of world leaders to come up with a coordinated policy response. This paper …
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While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
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by VIX shock during the global financial crisis, by fleet development shock during the period of overbuilt shipping … recovered more quickly from the shock during the COVID-19 compared to other periods, implying that the uncertainty had a greater …
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