Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012502310
Not necessarily. I provide evidence that advanced countries' equity premium and consumption growth differ significantly from those of emerging countries. I then estimate distinct disaster risk parameters for these two country groups. My Bayesian analysis demonstrates that in some aspects...
Persistent link: https://www.econbiz.de/10012902819
We investigate an unexplored link between the US mortgage spread and business cycle and house price fluctuations in emerging market economies (EMEs). An increase in the US mortgage spread leads to substantially lower output, investment, consumption, house and stock prices, and to an improvement...
Persistent link: https://www.econbiz.de/10012900006
This paper quantifies the impact of three key external shocks -- external demand, interest rate, and uncertainty shocks -- on emerging market economies (EMEs). We find that external shocks have a sizeable impact on macroeconomic fluctuations in EMEs and that a considerable fraction of this...
Persistent link: https://www.econbiz.de/10012900690
Persistent link: https://www.econbiz.de/10012198245
Persistent link: https://www.econbiz.de/10013348622
Persistent link: https://www.econbiz.de/10013207128