A workhorse two-country portfolio model that embeds net foreign asset (NFA) imbalances rationalizes the following observation: debtor countries have on average a less diversified international portfolio than creditor countries. Abstracting from NFA imbalances, the model would feature a...

The Digital Development Dialogue (3D) seminar is a monthly 45-minute online forum for policy and research exchange. Two speakers – one researcher and one practitioner – touch upon key topics in development policy with the goal of stimulating a meaningful dialogue across the theory & practice...

We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

The Workshop on Growth and Development in Macroeconomics /International Trade will take place within the framework of the 2022 RIDGE December Forum.

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

We provide evidence for a causal link between the US economy and the global financial cycle. Using a unique intraday dataset, we show that US macroeconomic news releases have large and significant effects on global risky asset prices. Stock price indexes of 27 countries, the VIX, and commodity...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

We invite you to submit an abstract in the range of the following streams within the ICSD2022 program: 1. ECONOMIC SUSTAINABILITY: Financial Sustainability, SME, MicroFinance, Emerging Countries, International Trade, 2. ENVIRONMENTAL SUSTAINABILITY: Water and Soil conservation, Climate Change,...

The school intends to provide an intensive training course for graduate students and young researchers who are working in the field of development and international economics. This year the focus will be on conflict, social cohesion, and Development. The school is targeted to graduate students,...

This workshop will focus on how improved data or economic measurement can help shed a light on the process of structural transformation and its link to economic growth. There is a particular interest in understanding the challenges for low-income countries. We welcome papers that introduce new...