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Is Digitalization Driving Domestic Inflation?

Csonto, Balazs - 2020

This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per … estimates show that digitalization has a statistically significant negative effect on inflation in the short run. Its economic … and cointegration analysis further suggest digitalization is a key driver of lower trend inflation …

Persistent link: https://www.econbiz.de/10012843503

Can Digitalization Help Deter Corruption in Africa?

Ouedraogo, Rasmané - 2020

This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa …. Using individual-level data from Afrobarometer surveys and several indices of digitalization, we find that an increase in … the use of Internet on the perception of corruption. Yet, the paper shows that the dampening effect of digitalization on …

Persistent link: https://www.econbiz.de/10012829704

Bilateral Trade Imbalances

Cuñat, Alejandro; Zymek, Robert - 2022

If sectoral trade flows obey structural gravity, countries' bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive...

Persistent link: https://www.econbiz.de/10014082958

Managing External Volatility : Policy Frameworks in Non-Reserve Issuing Economies

Poirson, Hélène; Porter, Nathaniel John; Fayad, Ghada; … - 2021

Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs have utilized other policy instruments. This paper confirms the vulnerability of NREs...

Persistent link: https://www.econbiz.de/10013250074

Uphill Capital Flows and the International Monetary System

Csonto, Balazs - 2017

Uphill capital flows constitute a key transmission channel through which reserve accumulation can distort the stability of the international monetary system. This paper examines and quantifies the importance of this transmission channel by examining how foreign official purchases of U.S....

Persistent link: https://www.econbiz.de/10012948528

Trade Integration in Latin America : A Network Perspective

Beaton, Kimberly - 2017

The paper applies a network analysis framework to analyze the regional and global integration of Latin American and Caribbean (LAC) countries. We compare network-based measures of trade integration to conventional measures, decomposing integration along several dimensions to better understand...

Persistent link: https://www.econbiz.de/10012950403

Understanding U.S. Wage Dynamics

Abdih, Yasser - 2018

In this paper, we undertake empirical analysis to understand U.S. wage behavior since thebeginning of the new millennium. At the macroeconomic level, we find that aproductivity-augmented Phillips curve model explains the data fairly well. The modelreveals that the upward pressure on wage growth...

Persistent link: https://www.econbiz.de/10012913885

Globalization and the New Normal

Candelon, Bertrand - 2018

This study expands the empirical specification of Cerra and Saxena (2008), and allows short-termoutput growth regimes to be determined by globalization. Relying on a non-linear dynamic panelrepresentation, it reconciles the earlier results in the literature regarding the two oppositenarratives...

Persistent link: https://www.econbiz.de/10012918567

Is Inflation Domestic or Global? Evidence from Emerging Markets

Bems, Rudolfs - 2018

Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world trade and the broader globalization inthese economies, or...

Persistent link: https://www.econbiz.de/10012906877

Measuring Competitiveness in a World of Global Value Chains

Bayoumi, Tamim A. - 2018

All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...

Persistent link: https://www.econbiz.de/10012906887