Showing 1 - 10 of 105
This paper first reviews a number of stylised facts concerning OECD country business cycles over the past four decades. In general, the amplitude of business cycles has fallen, driven mainly by declining fluctuations of domestic demand. As a result, international divergencies of cyclical...
Persistent link: https://www.econbiz.de/10005046149
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse...
Persistent link: https://www.econbiz.de/10011276797
Following Chairman Ben Bernanke’s comments before Congress that the FOMC may ‘take a step down in the pace of asset purchases if economic improvement appears to be sustained’, US 10-year interest rates picked up sharply and gross capital flows to emerging market economies (EMEs) reversed....
Persistent link: https://www.econbiz.de/10011276981
This paper first reviews a number of stylised facts concerning OECD country business cycles over the past four decades. In general, the amplitude of business cycles has fallen, driven mainly by declining fluctuations of domestic demand. As a result, international divergencies of cyclical...
Persistent link: https://www.econbiz.de/10012445279
Switzerland has shown remarkable strength during past economic downturns. A comprehensive risk planning and monitoring system, as well as essential-goods stockpiles has effectively bridged temporary supply disruptions. Yet, rising geopolitical tensions and a global shift towards protectionism...
Persistent link: https://www.econbiz.de/10015081410
Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges. This paper...
Persistent link: https://www.econbiz.de/10011276920
newly-constructed measures of contagion shocks. These new measures capture well the contagion observed e.g. in the wake of … the Mexican and Asian crises, and confirm that contagion shocks observed in 2009/10 dwarfed those observed during previous … international financial integration are found to amplify contagion shocks and increase crisis risk, such as integration through …
Persistent link: https://www.econbiz.de/10009351419
integration for asset price contagion in crisis times. Defining contagion as the transmission of financial market movements beyond … the co-movements that would occur in “tranquil” times, the paper looks into the presence of contagion in the period of … formes d'intégration financière sont-elles risquées en cas de chocs financiers? : La contagion des prix des actifs lors de la …
Persistent link: https://www.econbiz.de/10011276977
The economic crisis in the early 1990s prompted action on reforming the Swedish welfare state and its institutions, including deregulation of a wide range of product markets. In that way, Sweden took early action compared to other OECD countries currently struggling with how to make public...
Persistent link: https://www.econbiz.de/10005045700
This paper provides a mainly graphical summary of the trade matrices underlying the OECD’s international macroeconomic model Interlink. In doing so it gives a snapshot of the geographical nature of global trading relationships, in particular between individual OECD countries and the main...
Persistent link: https://www.econbiz.de/10005045789