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Building on Baker, Bloom and Davis (2016), I construct a monthly index of Global Economic Policy Uncertainty (GEPU) from January 1997. The GEPU Index is a GDP-weighted average of national EPU indices for 16 countries that account for two-thirds of global output. Each national EPU index reflects...
Persistent link: https://www.econbiz.de/10012981099
We analyze the impact of financial globalization on business cycle synchronization utilizing a proprietary database on …
Persistent link: https://www.econbiz.de/10012757539
The U.S. is currently engulfed in the most severe financial crisis since the Great Depression. A key structural factor behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to show how such demand not only triggered a sharp rise...
Persistent link: https://www.econbiz.de/10012757927
The economic changes associated with globalization tighten financial pressures on governments of high-income countries … and import tariffs, much more heavily than do larger countries. Since the rapid pace of globalization implies that all …
Persistent link: https://www.econbiz.de/10012757962
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …
Persistent link: https://www.econbiz.de/10012759104
In this paper, we quantify the changes in the relationship between international forces and many key US macroeconomic variables over the 1984-2005 period, and analyze changes in the monetary policy transmission mechanism. We do so by estimating a Factor-Augmented VAR on a large set of US and...
Persistent link: https://www.econbiz.de/10012759608
government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters …
Persistent link: https://www.econbiz.de/10012760172
in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index …
Persistent link: https://www.econbiz.de/10012760652
The connections between globalization and democracy are a classic question in international political economy and a … positive relationships running both ways between globalization and democracy, though exceptions obtain at particular times …
Persistent link: https://www.econbiz.de/10012760718
This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of … globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the … evidence suggests that the poor are more likely to share in the gains from globalization when there are complementary policies …
Persistent link: https://www.econbiz.de/10012761253