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Cyclical dynamics of industrial production and employment: Markov chain-based estimates and test

Altuğ, Sumru; Tan, Barış; Gencer, Gözde - 2011

This paper characterizes the business cycle as a recurring Markov chain for a broad set of developed and developing countries. The objective is to understand differences in cyclical phenomena across a broad range of countries based on the behavior of two key economic times series - industrial...

Persistent link: https://www.econbiz.de/10010273654

Kriz ve korumacılık: Tarih tekerrür edecek mi?

Öz, Sumru - 2009

As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …

Persistent link: https://www.econbiz.de/10010273672

Business cycles around the globe: a regime switching approach

Altuğ, Sumru; Bildirici, Melike - 2010

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

Persistent link: https://www.econbiz.de/10010273675

Urban poverty and support for Islamist terror: survey results of Muslims in fourteen countries

Mousseau, Michael - 2010

Survey respondents in fourteen countries representing 62% of the world's Muslim population indicate that approval of …

Persistent link: https://www.econbiz.de/10010273677

The global financial crisis: how similar? How different? How costly?

Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - 2010

This paper provides a brief analysis of three major questions raised in the context of the recent global financial crisis. First, how similar is the crisis to previous episodes? We argue that the crisis featured some close similarities to earlier ones, including the presence of credit and asset...

Persistent link: https://www.econbiz.de/10010273680

Financial regulation, integration and synchronization of economic activity

Kalemli-Özcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010

We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...

Persistent link: https://www.econbiz.de/10010273687

Progressive governance and globalisation: the agenda revisited

Pisani-Ferry, Jean - 2008

and magnitude of the transformation affecting the world economy are larger than initially envisaged, while domestic policy …

Persistent link: https://www.econbiz.de/10010273690

Financial-transaction tax: small is beautiful

Darvas, Zsolt; von Weizsäcker, Jakob - 2010

Resident Fellows Zsolt Darvas and Jakob von Weizsäcker wrote this paper on the pros and cons of a Financial Transaction Tax (FTT) following testimony von Weizsäcker gave for the Economic and Monetary Affairs Committee of the European Parliament. They argue that a small tax on financial...

Persistent link: https://www.econbiz.de/10010273693

Will the crisis trigger a revival of the IMF? Note based on remarks prepared for a panel organised by the Per Jacobsson Foundation in Washington, DC, on 12 October 2008

Pisani-Ferry, Jean - 2008

In this Policy Contribution, Jean Pisani-Ferry, takes a look at the way the IMF his gradually making its come-back from an era of crisis confidence and legitimacy. The author believes the Fund could gain a significant role as the key institution that links macroeconomic and financial...

Persistent link: https://www.econbiz.de/10010273701

Institutions and Development : The Interaction between Trade Regime and Political System

Falkinger, Josef; Grossmann, Volker - 2004

This paper argues that openness to goods trade in combination with an unequal distribution of political power has been a major determinant of the comparatively slow development of resource- or land-abundant regions like South America and the Caribbean in the nineteenth century. We develop a...

Persistent link: https://www.econbiz.de/10010273741