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Simulating the Poverty Impact of Macroeconomic Shocks and Policies

Essama-Nssah, B. - 2012

Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...

Persistent link: https://www.econbiz.de/10012554243

Financial account determinants of exchange rate regime switching in developing countries

Dudzich, Viktar - In: Prague economic papers : a bimonthly journal of … 33 (2024) 1, pp. 36-59

The paper explores the interconnections between foreign capital flows and the exchange rate regime switching in developing countries. We formulate the exchange rate regime switching as annual time series of binary/ordered variables employing de facto classification of exchange rate arrangements...

Persistent link: https://www.econbiz.de/10014516267

Investigating the dynamics of the profit rate, the exchange rate, and terms of trade in Brazil

Marquetti, Adalmir; Miebach, Alessandro; Morrone, Henrique - In: PSL quarterly review 78 (2025) 312, pp. 95-114

This paper explores the intricate relationship between profit rates, exchange rates, and terms of trade in the Brazilian economy from 2000 to 2023. Building on Weisskopf's (1979) decomposition of the profit rate, we demonstrate how exchange rates and terms of trade affect profit share, the...

Persistent link: https://www.econbiz.de/10015397382

Inflation in low-income countries

Ha, Jongrim; Ivanova, Anna; Montiel, Peter; Pedroni, … - 2019

This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies,...

Persistent link: https://www.econbiz.de/10012059222

Do cash transfers foster resilience? : evidence from rural Niger

Premand, Patrick; Stoeffler, Quentin - 2020

drought shocks. It analyzes mechanisms through which cash transfers contribute to resilience, such as savings facilitation … increase savings. They also help households protect earnings in agriculture and off-farm businesses when shocks occur. Few … poor households can foster resilience by facilitating savings and income smoothing …

Persistent link: https://www.econbiz.de/10012390669

Exchange rates and insulation in emerging markets

Eichengreen, Barry; Park, Donghyun; Ramayandi, Arief; … - 2020

The insulating properties of flexible exchange rates have long been a highly contentious issue in emerging markets - not least in Asian emerging markets. A number of recent theoretical and empirical studies question whether a trade-off exists between rigid exchange rate regimes and insulation...

Persistent link: https://www.econbiz.de/10012171308

Disentangling permanent and transitory monetary shocks with a nonlinear taylor rule

Lafuente, Juan Angel; Monfort, Mercedes; Pérez, Rafaela; … - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 150-162

This article provides an estimation method to decompose monetary policy innovations into persistent and transitory components using the nonlinear Taylor rule proposed in Andolfatto, Hendry, and Moran (2008) [Are inflation expectations rational? Journal of Monetary Economics , 55 , 406-422]. To...

Persistent link: https://www.econbiz.de/10012887149

Policy and business cycle shocks : a structural factor model representation of the US economy

Forni, Mario; Gambetti, Luca - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-21

find that (i) the US economy is well described by a number of structural shocks between two and five. Focusing on the four-shock …

Persistent link: https://www.econbiz.de/10012626760

Exchange rates and the global transmission of equity market shocks

Ojea-Ferreiro, Javier; Reboredo, Juan Carlos - 2021

, from a copula framework, we obtain the conditional expectation and measure the exchange rate contribution to shock …

Persistent link: https://www.econbiz.de/10012549999

External shocks and FX intervention policy in emerging economies

Carrasco, Alex; Florián Hoyle, David - 2021

This paper discusses the role of sterilized foreign exchange (FX) interventions as a monetary policy instrument for emerging market economies in response to external shocks. We develop a model for a commodity-exporting small open economy in which FX intervention is considered as a balance sheet...

Persistent link: https://www.econbiz.de/10012616248