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(notably residential property) and inflation; and it looks at the role of public debt for consumer price developments. On the … basis of a VAR analysis, the study finds that i) global money demand shocks affect global inflation and also global … commodity prices, which in turn impact on inflation; global asset/property price dynamics appear to respond to financing cost …
Persistent link: https://www.econbiz.de/10013315888
In this paper, we study the effectiveness of carry trade strategies during and after the financial crisis using a flexible approach to modeling currency returns. We decompose the currency returns into multiplicative sign and absolute return components, which exhibit much greater predictability...
Persistent link: https://www.econbiz.de/10012948703
In this paper, we study the effectiveness of carry trade strategies during and after the financial crisis using a flexible approach to modeling currency returns. We decompose the currency returns into multiplicative sign and absolute return components, which exhibit much greater predictability...
Persistent link: https://www.econbiz.de/10011313235
Currency carry trading presents a widespread trading strategy and refers to the forward premium puzzle. Investors borrow low-yielding currencies with the aim to invest in high-yielding ones in order to benefit from arbitrage opportunities. This implies that a one-to-one relationship does not...
Persistent link: https://www.econbiz.de/10012868519
This paper investigates the performance of the IMF WEO growth forecast revisions across different horizons and country groups. We find that: (i) growth revisions in horizons closer to the actual are generally larger, more volatile, and more negative; (ii) on average, growth revisions are in the...
Persistent link: https://www.econbiz.de/10013300855
Global developments play an important role in domestic inflation rates. Previous literature has found that a … substantial amount of the variation in a large set of national inflation rates can be explained by a single global factor. However …, inflation volatility has been typically neglected, while it is clearly relevant both from a policy point of view and for …
Persistent link: https://www.econbiz.de/10012919564
Persistent link: https://www.econbiz.de/10014373499
This book focuses on changes in environmental and economic policies in six developing countries. It shows how domestic politics interact with international actors such as multilateral institutions. It offers lively accounts of the behaviour of political actors, interest groups and the civil...
Persistent link: https://www.econbiz.de/10012054354
Cote d'Ivoire is at a crossroads. Despite good progress over the last decade, recent global economic and health shocks have aggravated existing problems including lack of fiscal space, limited access to concessional and cheap financing, and a fragile political neighborhood. But Cote d'Ivoire now...
Persistent link: https://www.econbiz.de/10014454212