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Severo, Tiago - 2010

The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries' dependence on external funding as an identification mechanism, we show that...

Persistent link: https://www.econbiz.de/10012677536

Transmission of Liquidity Shocks : Evidence from the 2007 Subprime Crisis

Hesse, Heiko - 2008

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...

Persistent link: https://www.econbiz.de/10014409053

An Anatomy of Credit Booms

Terrones, Marco E. - 2008

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...

Persistent link: https://www.econbiz.de/10012677365

An Anatomy of Credit Booms : Evidence From Macro Aggregates and Micro Data

Terrones, Marco E. - 2008

Persistent link: https://www.econbiz.de/10014409056

Beyond Energy: Inflationary Effects of Metals Price Shocks in Production Networks

Miranda-Pinto, Jorge - 2024

We examine the role of metals as economic inputs by using a production network model, calibrated for various countries using input-output (I-O) tables. Empirically, we employ local projections to study how metal shocks influence inflation, testing country-level heterogeneity in the sensitivity...

Persistent link: https://www.econbiz.de/10015328336

One Hundred Inflation Shocks: Seven Stylized Facts

Ari, Anil - 2023

This paper identifies over 100 inflation shock episodes in 56 countries since the 1970s, including over 60 episodes …

Persistent link: https://www.econbiz.de/10015059085

Informality, Labor Market Dynamics, and Business Cycles in North Africa

Bizimana, Olivier - 2023

Employment informality is widespread across North Africa. This paper aims to shed light on the role played by the informal sector in labor market adjustments over the business cycle. It finds that the response of labor markets to output fluctuations is more muted in countries with higher...

Persistent link: https://www.econbiz.de/10015059182

The Fear Economy: A Theory of Output, Interest, and Safe Assets

Agarwal, Ruchir - 2022

This paper presents a fear theory of the economy, based on the interplay between fear of rare disasters and the interest rate on safe assets. To do this, I study the macroeconomic consequences of government-administered interest rates in the neoclassical real business cycle model. When the...

Persistent link: https://www.econbiz.de/10015060124

Global Impact of the Systemic Economies and MENA Business Cycles.

Cashin, Paul A. - 2012

States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf …. Shock to U.S. GDP -- B. Shock to Euro Area GDP -- C. Shock to Chinese GDP -- V. Outward Spillovers -- VI. Concluding Remarks …. Trade Weights, Averages over 1986-1988 -- Figures -- 1. Persistence Profiles of the Effect of a System-wide Shock to the …

Persistent link: https://www.econbiz.de/10012690165

Shocking Aspects of Canadian Labor Markets.

Swiston, Andrew - 2006

Intro -- Contents -- I. INTRODUCTION -- II. DATA AND METHODOLOGY -- III. INTERNATIONAL COMPARISONS -- IV. RESULTS ACROSS CANADIAN PROVINCES -- V. EXTENDING THE CANADIAN MODEL -- VI. CONCLUSIONS -- REFERENCES -- Data Appendix.

Persistent link: https://www.econbiz.de/10012691050