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Ayhan Kose

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Kose, M. Ayhan & Arteta, Carlos & Stocker, Marc & Taskin, Temel, 2016. "Negative Interest Rate Policies: Sources and Implications," CEPR Discussion Papers 11433, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. Negative Nominal Interest Rates and Banking
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-22 12:23:45
  2. Claessens, Stijn & Kose, M. Ayhan & Laeven, Luc & Valencia, Fabian, 2013. "Understanding Financial Crises: Causes, Consequences, and Policy Responses," CEPR Discussion Papers 9310, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. Liquidité mondiale, prix de l’immobilier et macroéconomie
      by Martin Anota in D'un champ l'autre on 2015-02-03 23:43:43

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Ayhan Kose, M. & Otrok, Christopher & Whiteman, Charles H., 2008. "Understanding the evolution of world business cycles," Journal of International Economics, Elsevier, vol. 75(1), pages 110-130, May.

    Mentioned in:

    1. > International Economics

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. M. Ayhan Kose & Christopher Otrok & Charles H. Whiteman, 2003. "International Business Cycles: World, Region, and Country-Specific Factors," American Economic Review, American Economic Association, vol. 93(4), pages 1216-1239, September.

    Mentioned in:

    1. International Business Cycles: World, Region, and Country-Specific Factors (AER 2003) in ReplicationWiki ()

Working papers

  1. Jongrim Ha & Dohan Kim & M. Ayhan Kose & Eswar S. Prasad, 2024. "Resolving Puzzles of Monetary Policy Transmission in Emerging Markets," CAMA Working Papers 2024-67, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Cameron Haas & Mateo Hoyos & Emiliano Libman & Guilherme K. Martins & Arslan Razmi, 2025. "Monetary Shocks and Inflation: Global Evidence from Trilemma-Based Identification," Working Papers DTE 650, CIDE, División de Economía.

  2. Chrimes, Tommy & Gootjes, Bram & Kose, M. Ayhan & Wheeler, Collette, 2024. "The Great Reversal," CEPR Discussion Papers 19090, C.E.P.R. Discussion Papers.

    Cited by:

    1. World Bank, 2025. "Global Economic Prospects, January 2025," World Bank Publications - Books, The World Bank Group, number 42452.
    2. Joseph Mawejje, 2024. "Fiscal Vulnerabilities in Low-Income Countries: Evolution, Drivers, and Policies," World Bank Publications - Books, The World Bank Group, number 42239.

  3. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska & Yilmazkuday, Hakan, 2023. "What Explains Global Inflation," CEPR Discussion Papers 18690, C.E.P.R. Discussion Papers.

    Cited by:

    1. Zeng, Zhaoyun & Kim, Ji-Hyun (Jeannie) & Tan, Haochen & Hu, Yuqing & Cameron-Rastogi, Parag & Villa, Daniel & New, Joshua & Wang, Jiali & Muehleisen, Ralph T., 2025. "A review of future weather data for assessing climate change impacts on buildings and energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 212(C).

  4. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge & Hakan Yilmazkuday, 2023. "Understanding the Global Drivers of Inflation:How Important are Oil Prices? ," CAMA Working Papers 2023-03, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2024. "Rate Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2402, Koc University-TUSIAD Economic Research Forum.
    2. Yilmazkuday, Hakan, 2024. "Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices," Energy Economics, Elsevier, vol. 140(C).
    3. Ayşe Arı & Jørgen T. Lauridsen, 2025. "The Impact of Renewable Energy Diversity on Inflation: A Case Study Based on China," Sustainability, MDPI, vol. 17(17), pages 1-21, August.
    4. Anastasiou, Dimitris & Ftiti, Zied & Louhichi, Waël & Rizos, Anastasios & Stratopoulou, Artemis, 2025. "The influence of oil investors' sentiment on inflation dynamics and uncertainty," Energy Economics, Elsevier, vol. 142(C).

  5. Kilic Celik, Sinem & Kose, M. Ayhan & Ohnsorge, Franziska, 2023. "Potential Growth Prospects: Risks, Rewards, and Policies," CEPR Discussion Papers 18062, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ohnsorge,Franziska Lieselotte & Quaglietti,Lucia, 2023. "Trade as an Engine of Growth : Sputtering but Fixable," Policy Research Working Paper Series 10356, The World Bank.
    2. Festus Victor Bekun & Ilhan Ozturk, 2025. "Economic globalization and ecological impact in emerging economies in the post‐COP21 agreement: A panel econometrics approach," Natural Resources Forum, Blackwell Publishing, vol. 49(1), pages 637-655, February.
    3. World Bank, "undated". "South Asia Development Update, October 2024: Women, Jobs, and Growth," World Bank Publications - Reports 42002, The World Bank Group.

  6. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska & Yilmazkuday, Hakan, 2023. "Understanding the Global Drivers of Inflation: How Important are Oil Prices?," CEPR Discussion Papers 17834, C.E.P.R. Discussion Papers.

    Cited by:

    1. Razek, Noha & Galvani, Valentina & Rajan, Surya & McQuinn, Brian, 2023. "Can U.S. strategic petroleum reserves calm a tight market exacerbated by the Russia–Ukraine conflict?," Resources Policy, Elsevier, vol. 86(PB).
    2. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2024. "Rate Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2402, Koc University-TUSIAD Economic Research Forum.
    3. Semieniuk, Gregor & Weber, Isabella M. & Weaver, Iain S. & Wasner, Evan & Braun, Benjamin & Holden, Philip B. & Salas, Pablo & Mercure, Jean-Francois & Edwards, Neil R., 2025. "Best of times, worst of times: record fossil-fuel profits, inflation and inequality," LSE Research Online Documents on Economics 129170, London School of Economics and Political Science, LSE Library.
    4. Casoli, Chiara & Manera, Matteo & Valenti, Daniele, "undated". "Energy shocks in the Euro area: disentangling the pass-through from oil and gas prices to inflation," FEEM Working Papers 329739, Fondazione Eni Enrico Mattei (FEEM).
    5. Magdalena Cornejo & Michelle Hallack & Matias David, 2024. "The Transition to Renewables: Dampening the Impact of Fossil Fuel Price Shocks on Local Inflation," Working Papers 345, Red Nacional de Investigadores en Economía (RedNIE).
    6. Yilmazkuday, Hakan, 2024. "Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices," Energy Economics, Elsevier, vol. 140(C).
    7. Ayşe Arı & Jørgen T. Lauridsen, 2025. "The Impact of Renewable Energy Diversity on Inflation: A Case Study Based on China," Sustainability, MDPI, vol. 17(17), pages 1-21, August.
    8. Bulat Mukhamediyev & Sayat Zhamanbayev & Aliya Mukhamediyeva, 2024. "Central Bank Independence and Oil Prices Impact on Macroeconomic Indicators," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 9-17, May.
    9. Omid Asadollah & Linda Schwartz Carmy & Md. Rezwanul Hoque & Hakan Yilmazkuday, 2024. "Geopolitical Risk, Supply Chains, and Global Inflation," Working Papers 2406, Florida International University, Department of Economics.
    10. World Bank, 2024. "Commodity Markets Outlook, October 2024," World Bank Publications - Books, The World Bank Group, number 42219.
    11. Anastasiou, Dimitris & Ftiti, Zied & Louhichi, Waël & Rizos, Anastasios & Stratopoulou, Artemis, 2025. "The influence of oil investors' sentiment on inflation dynamics and uncertainty," Energy Economics, Elsevier, vol. 142(C).

  7. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "From Low to High Inflation: Implications for Emerging Market and Developing Economies," CAMA Working Papers 2022-29, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "Global Stagflation," Koç University-TUSIAD Economic Research Forum Working Papers 2204, Koc University-TUSIAD Economic Research Forum.
    2. Francesco Corsello & Matteo Gomellini & Dario Pellegrino, 2023. "Inflation and energy price shocks: lessons from the 1970s," Questioni di Economia e Finanza (Occasional Papers) 790, Bank of Italy, Economic Research and International Relations Area.
    3. Dennis Nsafoah & Cosmas Dery & Ayobami E. Ilori, 2025. "Revisiting the drivers of inflation in Sub-Saharan Africa after COVID-19," Empirical Economics, Springer, vol. 68(3), pages 1073-1112, March.
    4. Justin Damien Guenette & Philip George Kenworthy & Collette Mari Wheeler, 2022. "Implications of the War in Ukraine for the Global Economy," World Bank Publications - Reports 37372, The World Bank Group.
    5. Carrera Jorge & Montes Rojas Gabriel & Solla Mariquena & Toledo Fernando, 2022. "Global Financial Cycle, Commodity Terms of Trade and Financial Spreads in Emerging Markets and Developing Economies," Asociación Argentina de Economía Política: Working Papers 4613, Asociación Argentina de Economía Política.
    6. World Bank Group, 2022. "Fiscal Implications of the Deteriorating Global Economic Environment for EMDEs," World Bank Publications - Reports 38129, The World Bank Group.
    7. Coccia, Samantha & Russo, Alberto, 2025. "Inflation, inequality and financial vulnerability: Monetary vs. fiscal policy in the face of an energy shock," Energy Economics, Elsevier, vol. 143(C).

  8. Guénette, Justin Damien & Kose, M. Ayhan & Sugawara, Naotaka, 2022. "Is a Global Recession Imminent?," CEPR Discussion Papers 17566, C.E.P.R. Discussion Papers.

    Cited by:

    1. Raza, Hamid & Laurentjoye, Thibault & Byrialsen, Mikael Randrup & Valdecantos, Sebastian, 2023. "Inflation and the role of macroeconomic policies: A model for the case of Denmark," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 32-43.

  9. Ohnsorge, Franziska & Kose, M. Ayhan & Nagle, Peter & Sugawara, Naotaka, 2021. "What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami," CEPR Discussion Papers 16775, C.E.P.R. Discussion Papers.

    Cited by:

    1. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "Global Stagflation," Koç University-TUSIAD Economic Research Forum Working Papers 2204, Koc University-TUSIAD Economic Research Forum.
    2. Valencia, Oscar & Gamboa-Arbeláez, Juliana & Sánchez, Gustavo, 2024. "Debt erosion: Asymmetric response to demand and supply shocks," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    3. Sandra Bernardo & Maria Luísa Vasconcelos & Fátima Rocha, 2024. "The Widening of the North–South Divide: Debt Sustainability in a World Weakened by COVID-19," Economies, MDPI, vol. 12(2), pages 1-27, February.
    4. Adarov, Amat & Guénette, Justin Damien & Ohnsorge, Franziska, 2022. "Another legacy of the COVID-19 pandemic: Income divergence," Journal of Policy Modeling, Elsevier, vol. 44(4), pages 842-854.
    5. Cronin, David & McQuinn, Kieran, 2023. "Government debt forecast errors and the net expenditure rule in EU countries: Undue optimism at a cost," Journal of Policy Modeling, Elsevier, vol. 45(6), pages 1113-1131.
    6. M. Ayhan Kose & Sergio Kurlat & Franziska Ohnsorge & Naotaka Sugawara, 2017. "A Cross-Country Database of Fiscal Space," CAMA Working Papers 2017-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Asad Nisar & Rabia Rafique, 2025. "Fiscal strategies for sustainable debt management in developing economies: dynamic common correlated effects approach," Economic Change and Restructuring, Springer, vol. 58(4), pages 1-31, August.
    8. Olesea Speian, 2024. "Debt Dynamics under Uncertainty: Evidence from the Republic of Moldova," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 50-63.
    9. ROUKANAS A. Spyros & VITZILEOS Vaggelis, 2023. "The Response Of International Financial Institutions To The Covid-19 Crisis," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(2), pages 257-269, August.
    10. Cronin, David & McGowan, Kieran, 2023. "Government debt forecast errors and the net expenditure rule in EU countries," Papers WP756, Economic and Social Research Institute (ESRI).
    11. Miaomiao Tao & Jamel Saadaoui & Emilson Silva, 2025. "How Robust Is the Link Between Growth and Fiscal Consolidations Amid Uncertainties? A Reassessment for Sub-Saharan Africa," Working Papers 2025.7, International Network for Economic Research - INFER.

  10. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2021. "Inflation During the Pandemic: What Happened? What is Next?," CEPR Discussion Papers 16328, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2024. "Rate Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2402, Koc University-TUSIAD Economic Research Forum.
    2. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2021. "One-stop source: A global database of inflation," CAMA Working Papers 2021-59, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Kamal Lahlou & Hicham Bennouna, 2022. "Contributions des facteurs domestiques et externes à la dynamique de l’inflation au Maroc," Document de travail 2022-1, Bank Al-Maghrib, Département de la Recherche.
    4. Ricciutelli, Francesco, 2024. "Energy Inflation and Consumption Inequality," MPRA Paper 120899, University Library of Munich, Germany.
    5. Olli-Pekka Hilmola, 2021. "Inflation and Hyperinflation Countries in 2018–2020: Risks of Different Assets and Foreign Trade," JRFM, MDPI, vol. 14(12), pages 1-16, December.
    6. Emanuel Kohlscheen & Richhild Moessner, 2021. "Globalisation and the Slope of the Phillips Curve," CESifo Working Paper Series 9383, CESifo.
    7. Maximilian Schroder, 2024. "Mixing it up: Inflation at risk," Papers 2405.17237, arXiv.org, revised May 2024.
    8. Yixiao Zhou & Rod Tyers & Damian Lenzo, 2022. "Debt, Inflation and the Shape of the Global Pandemic Recovery," Economics Discussion / Working Papers 22-03, The University of Western Australia, Department of Economics.
    9. Doojav, Gan-Ochir, 2021. "Socio-economic recovery from the Covid-19 pandemic: Macroeconomic impacts and policy issues in Mongolia," MPRA Paper 111197, University Library of Munich, Germany.
    10. An, Zidong & Sheng, Xuguang Simon & Zheng, Xinye, 2023. "What is the role of perceived oil price shocks in inflation expectations?," Energy Economics, Elsevier, vol. 126(C).
    11. Jesse LaBelle & Ana Maria Santacreu, 2022. "Global Supply Chain Disruptions and Inflation During the COVID-19 Pandemic," Review, Federal Reserve Bank of St. Louis, vol. 104(2), pages 78-91.
    12. Gan-Ochir Doojav, 2023. "Macroeconomic Effects of Covid-19 in a Commodity-Exporting Economy: Evidence from Mongolia," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(5), pages 1323-1348, April.
    13. Luigi Bonatti Roberto Tamborini & Roberto Tamborini, 2021. "Is High Inflation the New Challenge for Central Banks?," DEM Working Papers 2021/14, Department of Economics and Management.
    14. Mrabet, Zouhair & Alsamara, Mouyad & Mimouni, Karim & Awwad, Abdulkareem, 2025. "Do supply chain pressures affect consumer prices in major economies? New evidence from time-varying causality analysis," Economic Modelling, Elsevier, vol. 142(C).
    15. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska & Yilmazkuday, Hakan, 2023. "Understanding the global drivers of inflation: How important are oil prices?11We would like to thank Xuguang Simon Sheng, Guest Editor, and two anonymous reviewers for their detailed feedback. We also," Energy Economics, Elsevier, vol. 127(PA).

  11. Kose, M. Ayhan & Islamaj, Ergys, 2021. "What Types of Capital Flows Help Improve International Risk Sharing?," CEPR Discussion Papers 16749, C.E.P.R. Discussion Papers.

    Cited by:

    1. Xu, Haoran & Miao, Wenlong & Zhang, Siyu, 2025. "Cross-border capital inflows and systemic financial risks," International Review of Economics & Finance, Elsevier, vol. 99(C).
    2. Ablam Estel Apeti, 2022. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," Post-Print hal-03819779, HAL.
    3. Apeti, Ablam Estel, 2023. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," World Development, Elsevier, vol. 161(C).
    4. Michael Donadelli & Ivan Gufler, 2024. "Economic and financial integration, capital controls, and risk sharing," Economica, London School of Economics and Political Science, vol. 91(364), pages 1482-1520, October.
    5. Binhong Wu & Hongyu Wang & Bangsheng Xie & Zhizhong Xie, 2024. "Source tracing and contagion measurement of carbon emission trading price fluctuation in China from the perspective of major emergencies," PLOS ONE, Public Library of Science, vol. 19(3), pages 1-19, March.

  12. Kose, M. Ayhan & Ohnsorge, Franziska & Reinhart, Carmen & Rogoff, Kenneth, 2021. "The Aftermath of Debt Surges," CEPR Discussion Papers 16537, C.E.P.R. Discussion Papers.

    Cited by:

    1. Gómez-Puig, Marta & Sosvilla-Rivero, Simón & Martínez-Zarzoso, Inmaculada, 2022. "On the heterogeneous link between public debt and economic growth," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    2. Kose M. Ayhan & Ohnsorge Franziska & Sugawara Naotaka, 2022. "A Mountain of Debt: Navigating the Legacy of the Pandemic," Journal of Globalization and Development, De Gruyter, vol. 13(2), pages 233-268, December.
    3. Segura, Anatoli & Villacorta, Alonso, 2023. "Firm-bank linkages and optimal policies after a rare disaster," Journal of Financial Economics, Elsevier, vol. 149(2), pages 296-322.
    4. Sandra Bernardo & Maria Luísa Vasconcelos & Fátima Rocha, 2024. "The Widening of the North–South Divide: Debt Sustainability in a World Weakened by COVID-19," Economies, MDPI, vol. 12(2), pages 1-27, February.
    5. Younis, Ijaz & Shah, Waheed Ullah & Hkiri, Besma & Qureshi, Fiza & Longsheng, Cheng, 2023. "Risk co-movements and portfolio strategies between energy, gold and BRICS markets," Resources Policy, Elsevier, vol. 82(C).
    6. Eugenia Go & Sam Hill & Maria Hanna Jaber & Yothin Jinjarak & Donghyun Park & Anton Ragos, 2024. "Developing Asia's fiscal landscape and challenges," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 38(1), pages 225-258, May.
    7. Carvelli, Gianni, 2024. "The dynamic effects of public investments on private capital formation: Modelling a heterogeneous asymmetric cointegration with unobserved global factors," International Economics, Elsevier, vol. 177(C).
    8. Syed Sadaqat Ali Shah & Muhammad Asim Afridi & Libin Luo & Dilvin Taşkın, 2025. "Fiscal Resilience or Vulnerability? Assessing Public Debt Sustainability in the Developing Countries During 1996–2020," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(2), pages 8983-9017, June.
    9. João Tovar Jalles & Paulo Medas, 2022. "Economic Growth after Debt Surges," Working Papers REM 2022/0244, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    10. Lucas A. Mariani & Silvia Marchesi, 2023. "International Lending Channel, Bank Heterogeneity and Capital Inflows (Mis)Allocation," ERSA Working Paper Series, Economic Research Southern Africa, vol. 0.
    11. Hernando Kaminsky, Pablo Daniel, 2025. "Crowding Out and Banking Crises," Policy Research Working Paper Series 11145, The World Bank.
    12. Sergio Clavijo, 2022. "Deuda P√∫blica y Econom√≠a Pol√≠tica en Colombia," Documentos CEDE 20026, Universidad de los Andes, Facultad de Economía, CEDE.
    13. Godfrey J. Kweka, 2024. "Terms of trade volatility and tax revenue in Sub‐Saharan African countries," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(3), pages 655-674, September.
    14. Zeqiraj, Veton & Gurdgiev, Constantin & Sohag, Kazi & Hammoudeh, Shawkat, 2024. "Economic uncertainty, public debt and non-performing loans in the Eurozone: Three systemic crises," International Review of Financial Analysis, Elsevier, vol. 93(C).
    15. Rogoff, Kenneth, 2022. "Issues in the theory of sovereign debt and post-covid workouts," Journal of Policy Modeling, Elsevier, vol. 44(4), pages 804-811.
    16. Gago Andrés & Carozzi Felipe & Bermejo Vicente J. & Abad Jose M., 2023. "Government Turnover and External Financial Assistance," Asociación Argentina de Economía Política: Working Papers 4655, Asociación Argentina de Economía Política.
    17. Ando, Sakai & Mishra, Prachi & Patel, Nikhil & Peralta-Alva, Adrian & Presbitero, Andrea F., 2025. "Fiscal consolidation and public debt," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    18. Liu, Xue-Ying & He, Wei & Duan, Hai-Peng & Fan, Rui, 2024. "The impact of financial sanctions on economic policy uncertainty: Global evidence," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    19. Eichengreen, Barry, 2022. "COVID and the outlook for emerging markets," Journal of Policy Modeling, Elsevier, vol. 44(4), pages 820-826.
    20. Sergio Clavijo, 2022. "Tax and public expenditure trends Colombia: Lessons for the new administration of 2022-2026," Documentos CEDE 20534, Universidad de los Andes, Facultad de Economía, CEDE.
    21. Jalles, João Tovar & Medas, Paulo, 2024. "The economic aftermath of surges in public and private debt: Initial conditions and channels," Economic Systems, Elsevier, vol. 48(3).

  13. Kose, M. Ayhan & Elgin, Ceyhun & Ohnsorge, Franziska & Yu, Shu, 2021. "Understanding Informality," CEPR Discussion Papers 16497, C.E.P.R. Discussion Papers.

    Cited by:

    1. Nettuno, Laura, 2024. "Gender identity, labor market outcomes, and socioeconomic status: Evidence from Chile," Labour Economics, Elsevier, vol. 87(C).
    2. Elgin, Ceyhun & Kose, M. Ayhan & Ohnsorge, Franziska & Yu, Shu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles," MPRA Paper 109492, University Library of Munich, Germany.
    3. Maiti,Dibyendu & Khari,Bhavna, 2023. "Digitalisation, Governance and the Informal Sector," IDE Discussion Papers 898, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Aga,Gemechu A. & Francis,David C. & Jolevski,Filip & Rodriguez Meza,Jorge Luis & Wimpey,Joshua Seth, 2022. "Surveying Informal Businesses : Methodology and Applications," Policy Research Working Paper Series 9905, The World Bank.
    5. Duc Nguyen, 2022. "Heterogeneous Paths of Structural Transformation," Working Papers tecipa-742, University of Toronto, Department of Economics.
    6. Philippe Adair & Vladimir Hlasny, 2022. "Labour Market Segmentation And Formalising Informality In Mena Countries," Proceedings of Economics and Finance Conferences 13215719, International Institute of Social and Economic Sciences.
    7. Faisal, Faisal & Ramakrishnan, Suresh & Rahman, Sami Ur & Ali, Adnan & Sulimany, Hamid Ghazi H, 2024. "Asymmetric nexus between shadow economy and financial instability: Does institutional quality matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    8. Gilles Dufrénot & Edem Egnikpo, 2024. "Impact of natural disasters: average effects hide heterogeneity across growth regimes and time horizons," AMSE Working Papers 2437, Aix-Marseille School of Economics, France.
    9. Ahmad, Waqar & Hussain, Babar, 2023. "Fiscal Policy Effects on Shadow Economy: Empirical Evidence from Developing Countries," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 30(2), July.
    10. Yurevich, M., 2025. "Does digitalization bring the economy out of the shadows?," Journal of the New Economic Association, New Economic Association, vol. 67(2), pages 255-263.
    11. Feng, Ying & Ren, Jie, 2023. "Skill bias, financial frictions, and selection into entrepreneurship," Journal of Development Economics, Elsevier, vol. 162(C).
    12. Kemper, Johanna & Renold, Ursula, 2024. "Evaluating the impact of general versus vocational education on labor market outcomes in Egypt by means of a regression discontinuity design," Journal of Development Economics, Elsevier, vol. 166(C).
    13. Tillaguango, Brayan & Alvarado, Rafael & Ahmad, Munir & Rehman, Abdul & Işık, Cem & Chamba, José, 2025. "Impact of agricultural employment, gross domestic product, informal economy, institutional quality on forest cover in Ecuador," Forest Policy and Economics, Elsevier, vol. 174(C).
    14. Nguyen, Canh Phuc & Nguyen, Binh Quang, 2023. "Environmental foe or friend: The influence of the shadow economy on forest land," Land Use Policy, Elsevier, vol. 124(C).
    15. Demirgüç-Kunt, Asli & Lokshin, Michael & Torre, Iván, 2024. "Protect incomes or protect jobs? The role of social policies in post-pandemic recovery," World Development, Elsevier, vol. 182(C).
    16. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    17. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles Abstract:," Working Papers 2021/04, Bogazici University, Department of Economics.
    18. Nguyen, Thanh Cong & Ho, Thuy Tien, 2025. "Understanding the informal economy: The influence of political ideology during financial crises," Economic Modelling, Elsevier, vol. 142(C).
    19. Prianto Budi Saptono & Gustofan Mahmud, 2022. "Institutional environment and tax performance: empirical evidence from developing economies," Public Sector Economics, Institute of Public Finance, vol. 46(2), pages 207-237.
    20. Grover,Arti Goswami & Pereira Lopez,Mariana De La Paz, 2023. "Do Shocks Perpetuate Disparities within and across Informal Firms ? Evidence from the COVID-19 Pandemic in South Asia," Policy Research Working Paper Series 10579, The World Bank.
    21. Rahman, Sami Ur & Faisal, Faisal & Ali, Adnan & Sulimany, Hamid Ghazi H & Bazhair, Ayman Hassan, 2023. "Do financial technology and financial development lessen shadow economy? Evidence from BRICST economies using heterogenous bootstrap panel causality," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 201-210.
    22. Marjan Petreski & Blagica Petreski, 2022. "Unregistered Micro-Performers of Business Activity: The “Who” and “Why” in North Macedonia," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 24(2), pages 45-77, December.
    23. Awadh Ahmed Mohammed Gamal & Joseph David & Mohd Asri Mohd Noor & Mohd Yahya Mohd Hussin & K. Kuperan Viswanathan, 2024. "Asymmetric Effect of Shadow Economy on Environmental Pollution in Egypt: Evidence from Bootstrap NARDL Technique," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 206-215, May.
    24. K K C Sineth Kannangara & Yanrui Wu, 2023. "Shadow Economy in Sri Lanka: A Review and New Estimates," Economics Discussion / Working Papers 23-04, The University of Western Australia, Department of Economics.
    25. Wiedemann, Verena Christina & Kirui, Benard K. & Khandelwal, Vatsal & Chacha, Peter W., 2024. "Spatial Inequality and Informality in Kenya’s Firm Network," Policy Research Working Paper Series 10932, The World Bank.
    26. Masca, Simona-Gabriela & Chis, Diana-Maria, 2023. "Distributional implications of informal economy in the EU countries: Accounting for the spread of tax evasion benefits and cultural characteristics," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).

  14. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Understanding Informality Abstract:," Working Papers 2021/03, Bogazici University, Department of Economics.

    Cited by:

    1. Nettuno, Laura, 2024. "Gender identity, labor market outcomes, and socioeconomic status: Evidence from Chile," Labour Economics, Elsevier, vol. 87(C).
    2. Maiti,Dibyendu & Khari,Bhavna, 2023. "Digitalisation, Governance and the Informal Sector," IDE Discussion Papers 898, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    3. Aga,Gemechu A. & Francis,David C. & Jolevski,Filip & Rodriguez Meza,Jorge Luis & Wimpey,Joshua Seth, 2022. "Surveying Informal Businesses : Methodology and Applications," Policy Research Working Paper Series 9905, The World Bank.
    4. Duc Nguyen, 2022. "Heterogeneous Paths of Structural Transformation," Working Papers tecipa-742, University of Toronto, Department of Economics.
    5. Philippe Adair & Vladimir Hlasny, 2022. "Labour Market Segmentation And Formalising Informality In Mena Countries," Proceedings of Economics and Finance Conferences 13215719, International Institute of Social and Economic Sciences.
    6. Faisal, Faisal & Ramakrishnan, Suresh & Rahman, Sami Ur & Ali, Adnan & Sulimany, Hamid Ghazi H, 2024. "Asymmetric nexus between shadow economy and financial instability: Does institutional quality matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    7. Ahmad, Waqar & Hussain, Babar, 2023. "Fiscal Policy Effects on Shadow Economy: Empirical Evidence from Developing Countries," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 30(2), July.
    8. Yurevich, M., 2025. "Does digitalization bring the economy out of the shadows?," Journal of the New Economic Association, New Economic Association, vol. 67(2), pages 255-263.
    9. Feng, Ying & Ren, Jie, 2023. "Skill bias, financial frictions, and selection into entrepreneurship," Journal of Development Economics, Elsevier, vol. 162(C).
    10. Kemper, Johanna & Renold, Ursula, 2024. "Evaluating the impact of general versus vocational education on labor market outcomes in Egypt by means of a regression discontinuity design," Journal of Development Economics, Elsevier, vol. 166(C).
    11. Tillaguango, Brayan & Alvarado, Rafael & Ahmad, Munir & Rehman, Abdul & Işık, Cem & Chamba, José, 2025. "Impact of agricultural employment, gross domestic product, informal economy, institutional quality on forest cover in Ecuador," Forest Policy and Economics, Elsevier, vol. 174(C).
    12. Nguyen, Canh Phuc & Nguyen, Binh Quang, 2023. "Environmental foe or friend: The influence of the shadow economy on forest land," Land Use Policy, Elsevier, vol. 124(C).
    13. Demirgüç-Kunt, Asli & Lokshin, Michael & Torre, Iván, 2024. "Protect incomes or protect jobs? The role of social policies in post-pandemic recovery," World Development, Elsevier, vol. 182(C).
    14. Santanu Chatterjee & Stephen J. Turnovsky, 2023. "Government expenditure and informality in an emerging economy: the recent experience of India," Indian Economic Review, Springer, vol. 58(2), pages 293-318, September.
    15. Nguyen, Thanh Cong & Ho, Thuy Tien, 2025. "Understanding the informal economy: The influence of political ideology during financial crises," Economic Modelling, Elsevier, vol. 142(C).
    16. Prianto Budi Saptono & Gustofan Mahmud, 2022. "Institutional environment and tax performance: empirical evidence from developing economies," Public Sector Economics, Institute of Public Finance, vol. 46(2), pages 207-237.
    17. Grover,Arti Goswami & Pereira Lopez,Mariana De La Paz, 2023. "Do Shocks Perpetuate Disparities within and across Informal Firms ? Evidence from the COVID-19 Pandemic in South Asia," Policy Research Working Paper Series 10579, The World Bank.
    18. Rahman, Sami Ur & Faisal, Faisal & Ali, Adnan & Sulimany, Hamid Ghazi H & Bazhair, Ayman Hassan, 2023. "Do financial technology and financial development lessen shadow economy? Evidence from BRICST economies using heterogenous bootstrap panel causality," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 201-210.
    19. Marjan Petreski & Blagica Petreski, 2022. "Unregistered Micro-Performers of Business Activity: The “Who” and “Why” in North Macedonia," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 24(2), pages 45-77, December.
    20. Awadh Ahmed Mohammed Gamal & Joseph David & Mohd Asri Mohd Noor & Mohd Yahya Mohd Hussin & K. Kuperan Viswanathan, 2024. "Asymmetric Effect of Shadow Economy on Environmental Pollution in Egypt: Evidence from Bootstrap NARDL Technique," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 206-215, May.
    21. K K C Sineth Kannangara & Yanrui Wu, 2023. "Shadow Economy in Sri Lanka: A Review and New Estimates," Economics Discussion / Working Papers 23-04, The University of Western Australia, Department of Economics.
    22. Wiedemann, Verena Christina & Kirui, Benard K. & Khandelwal, Vatsal & Chacha, Peter W., 2024. "Spatial Inequality and Informality in Kenya’s Firm Network," Policy Research Working Paper Series 10932, The World Bank.
    23. Masca, Simona-Gabriela & Chis, Diana-Maria, 2023. "Distributional implications of informal economy in the EU countries: Accounting for the spread of tax evasion benefits and cultural characteristics," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).

  15. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles Abstract:," Working Papers 2021/04, Bogazici University, Department of Economics.

    Cited by:

    1. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Understanding Informality Abstract:," Working Papers 2021/03, Bogazici University, Department of Economics.
    2. Elgin, Ceyhun & Kose, M. Ayhan & Ohnsorge, Franziska & Yu, Shu, 2021. "Understanding Informality," MPRA Paper 109490, University Library of Munich, Germany.
    3. Hapsari,Indira Maulani & Shu Yu & Pape,Utz Johann & Mansour,Wael, 2023. "Informality in Indonesia: Levels, Trends, and Features," Policy Research Working Paper Series 10586, The World Bank.
    4. Alfano, Maria Rosaria & Capasso, Salvatore & Ciucci, Salvatore & Spagnolo, Nicola, 2024. "The non-linear effect of income on the shadow economy," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    5. Cephas Melchior Kuipou Mfo Talom & Luc Nembot Ndeffo, 2025. "The non-linear effect of foreign direct investment on the informal economy in sub-Saharan African countries: An approach using the Method of Moments Quantile Regression," Economics Bulletin, AccessEcon, vol. 45(2), pages 958-969.
    6. Bechchani, Khalil, 2025. "Austerity reexamined: Uncovering the role of the shadow economy," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1291-1317.

  16. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2021. "One-Stop Source: A Global Database of Inflation," CEPR Discussion Papers 16327, C.E.P.R. Discussion Papers.

    Cited by:

    1. Marijn A. Bolhuis & Judd N. L. Cramer & Lawrence H. Summers, 2022. "Comparing Past and Present Inflation," NBER Working Papers 30116, National Bureau of Economic Research, Inc.
    2. Madison, Florian, 2024. "A microfounded approach to currency substitution and government policy," Journal of Economic Theory, Elsevier, vol. 219(C).
    3. Nguyen, Thao Thac Thanh & Pham, Son Duy & Li, Xiao-Ming & Do, Hung Xuan, 2024. "Does the U.S. export inflation? Evidence from the dynamic inflation spillover between the U.S. and EAGLEs," International Review of Economics & Finance, Elsevier, vol. 94(C).
    4. Nan Zhang & Heng Xu, 2024. "Fairness of Ratemaking for Catastrophe Insurance: Lessons from Machine Learning," Information Systems Research, INFORMS, vol. 35(2), pages 469-488, June.
    5. Meryem Gökten & Philipp Heimberger & Andreas Lichtenberger, 2024. "How Far from Full Employment? The European Unemployment Problem Revisited," wiiw Working Papers 245, The Vienna Institute for International Economic Studies, wiiw.
    6. Fan, Xuecheng & Xu, Zeshui & Qin, Yong & Škare, Marinko, 2023. "Quantifying the short- and long-run impact of inflation-related price volatility on knowledge asset investment," Journal of Business Research, Elsevier, vol. 165(C).
    7. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation, and the Price Level," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    8. Kim, Dong-Hyeon & Lin, Shu-Chin, 2023. "Income inequality, inflation and financial development," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 468-487.
    9. Dennis Nsafoah & Cosmas Dery & Ayobami E. Ilori, 2025. "Revisiting the drivers of inflation in Sub-Saharan Africa after COVID-19," Empirical Economics, Springer, vol. 68(3), pages 1073-1112, March.
    10. Parker, Miles, 2024. "A global database for energy consumer price indices," Energy Economics, Elsevier, vol. 136(C).
    11. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2024. "Rate Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2402, Koc University-TUSIAD Economic Research Forum.
    12. Mabruk Syed Billah Mabruk Syed & Sinda Hadhri & Faruk Balli & Muneer Muneer Shaik, 2024. "Asymmetric connectedness and investment strategies between commodities and Islamic banks: Evidence from gulf cooperative council (GCC) markets," Post-Print hal-05148947, HAL.
    13. Joseph, Andreas & Potjagailo, Galina & Chakraborty, Chiranjit & Kapetanios, George, 2024. "Forecasting UK inflation bottom up," International Journal of Forecasting, Elsevier, vol. 40(4), pages 1521-1538.
    14. Ege Asutay & Christopher Ball & Andreas Freytag, 2025. "Populist Ideology, Policy and the Real Economy: Walking the Stick," Jena Economics Research Papers 2025-011, Friedrich-Schiller-University Jena.
    15. António Afonso & José Alves & João Jalles & Sofia Monteiro & João Tovar Jalles, 2024. "Energy Price Dynamics in the Face of Uncertainty Shocks and the Role of Exchange Rate Regimes: A Global Cross-Country Analysis," CESifo Working Paper Series 11384, CESifo.
    16. Nazlioglu, Saban & Akin, Tugba & Gurel, Sinem Pinar & Gunes, Sevcan, 2025. "Is nature of inflation co-movement time-varying? Insights from a dynamic factor model," Economics Letters, Elsevier, vol. 247(C).
    17. Olli-Pekka Hilmola, 2021. "Inflation and Hyperinflation Countries in 2018–2020: Risks of Different Assets and Foreign Trade," JRFM, MDPI, vol. 14(12), pages 1-16, December.
    18. Sangyup Choi & Tim Willems & Seung Yong Yoo, 2023. "Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach," Working papers 2023rwp-215, Yonsei University, Yonsei Economics Research Institute.
    19. Elias Albagli & Luis Ceballos & Sebastian Claro & Damian Romero, 2024. "UIP Deviations: Insights from Event Studies," Working Papers Central Bank of Chile 1007, Central Bank of Chile.
    20. Saban Nazlioglu & Sinem Pinar Gurel & Sevcan Gunes & Tugba Akin & Cagin Karul & Muhsin Kar, 2025. "Inflation co-movement: new insights from quantile factor model," Empirical Economics, Springer, vol. 69(1), pages 431-464, July.
    21. Gagnon, Joseph E. & Sarsenbayev, Madi, 2023. "Dollar not so dominant: Dollar invoicing has only a small effect on trade prices," Journal of International Money and Finance, Elsevier, vol. 137(C).
    22. Yilmazkuday, Hakan, 2024. "Geopolitical risks and energy uncertainty: Implications for global and domestic energy prices," Energy Economics, Elsevier, vol. 140(C).
    23. Waldman Joaquín, 2024. "Chronic inflation and the costs of not addressing an upsurge in time," Asociación Argentina de Economía Política: Working Papers 4771, Asociación Argentina de Economía Política.
    24. Ege Asutay & Christopher Ball & Andreas Freytag, 2025. "Populist Ideology, Policy and the Real Economy: Walking the Stick," CESifo Working Paper Series 12220, CESifo.
    25. Fukunaga, Ichiro & Kido, Yosuke & Suita, Kotaro, 2025. "Japan's inflation under global inflation synchronization," Journal of the Japanese and International Economies, Elsevier, vol. 77(C).
    26. ha, jongrim & Kose, Ayhan M. & Ohnsorge, Franziska & Yilmazkuday, Hakan, 2023. "What Explains Global Inflation," MPRA Paper 119645, University Library of Munich, Germany.
    27. Cristina Amado & Ignacio Garrón & Helena Veiga, 2024. "On the relationship of country geopolitical risk on energy inflation," NIPE Working Papers 1/2024, NIPE - Universidade do Minho.
    28. Banerjee, Ryan & Contreras, Juan & Mehrotra, Aaron & Zampolli, Fabrizio, 2024. "Inflation at risk in advanced and emerging market economies," Journal of International Money and Finance, Elsevier, vol. 142(C).
    29. Cevik, Serhan & Gwon, Gyowon, 2024. "This is going to hurt: Weather anomalies, supply chain pressures and inflation," International Economics, Elsevier, vol. 180(C).
    30. Lee, Chien-Chiang & Olasehinde-Williams, Godwin & Özkan, Oktay, 2023. "Geopolitical oil price uncertainty transmission into core inflation: Evidence from two of the biggest global players," Energy Economics, Elsevier, vol. 126(C).
    31. Grolleau, Gilles & Weber, Christoph, 2024. "The effect of inflation on CO2 emissions: An analysis over the period 1970–2020," Ecological Economics, Elsevier, vol. 217(C).
    32. Jorge M. Uribe & Oscar Valencia, 2024. "Taking the Pulse of Fiscal Distress: Inflation, Depreciation, and Crises," IREA Working Papers 202416, University of Barcelona, Research Institute of Applied Economics, revised Dec 2024.
    33. Cevik Serhan & Jalles Joao, 2024. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Review of Economics, De Gruyter, vol. 75(2), pages 109-138.
    34. Minh Ha-Duong, 2022. "Ai sẽ trả tiền cho chuyển đổi điện năng của Việt Nam?," Post-Print hal-04485748, HAL.
    35. Mr. Serhan Cevik & Fedor Miryugin, 2023. "It’s Never Different: Fiscal Policy Shocks and Inflation," IMF Working Papers 2023/098, International Monetary Fund.
    36. Torsten Ehlers & Jon Frost & Carlos Madeira & Ilhyock Shim, 2025. "Macroeconomic impact of weather disasters: a global and sectoral analysis," BIS Working Papers 1292, Bank for International Settlements.
    37. De Oliveira Amado, Cristina Alexandra & Garrón Vedia, Ignacio & Lopes Moreira da Veiga, María Helena, 2024. "On the relationship of country geopolitical risk on energy inflation," DES - Working Papers. Statistics and Econometrics. WS 45113, Universidad Carlos III de Madrid. Departamento de Estadística.
    38. Cameron Haas & Mateo Hoyos & Emiliano Libman & Guilherme K. Martins & Arslan Razmi, 2025. "Monetary Shocks and Inflation: Global Evidence from Trilemma-Based Identification," Working Papers DTE 650, CIDE, División de Economía.
    39. von Braun, Joachim & Beyene Chichaibelu, Bezawit & Laborde, David & Torero Cullen, Maximo, 2024. "Cost of Ending Hunger – Consequences of Complacency, and Financial Needs for SDG2 Achievement," Discussion Papers 343159, University of Bonn, Center for Development Research (ZEF).
    40. Thibault Lemaire & Paul Vertier, 2023. "International Commodity Prices Transmission to Consumer Prices in Africa," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03944888, HAL.
    41. Tim M. O’Brien & Elisa Alonso, 2025. "A simplified rare earth element mining project cost estimator - a new tool for evaluating future mine supply," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 38(2), pages 237-252, June.
    42. Meltem Chadwick & Hulya Saygili, 2024. "Temperature, precipitation and food price inflation: Evidence from a panel of countries," Working Papers wp55, South East Asian Central Banks (SEACEN) Research and Training Centre.
    43. Costas Milas & Theologos Dergiades & Theodore Panagiotidis & Georgios Papapanagiotou, 2024. "An Assessment of Inflation Targeting," Discussion Paper Series 2024_05, Department of Economics, University of Macedonia, revised May 2024.
    44. A. Akshaya & B. V. Gopalakrishna, 2025. "Impact of climate and economic policy uncertainties on inflation in India: using the vector error correction model approach," Asia-Pacific Journal of Regional Science, Springer, vol. 9(2), pages 585-604, June.
    45. Valadkhani, Abbas & Nguyen, Jeremy & Chiah, Mardy, 2022. "When is gold an effective hedge against inflation?," Resources Policy, Elsevier, vol. 79(C).
    46. Serhan Cevik, João Tovar Jalles, 2023. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Working Papers REM 2023/0276, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    47. Oriane Wegner & Stéphane Dees & Mathieu Boullot & Pauline Lesterquy & Charles Serfaty & Camille Thubin & Youssef Ulgazi & Alice Boitout & Marie Gabet, 2025. "Seeds of Inflation: Macro Modelling of Nature-Related Risks through Agricultural Prices," Working papers 1006, Banque de France.
    48. Nathan Sussman & Charles Wyplosz, 2024. "Exchange Rate Regime Choices in Small Open Economies from Bretton Woods to Inflation Targeting," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(3), pages 394-414, September.
    49. Lum Collaku & Artan Hajdini, 2025. "The Causal Relationship between Harmonized Consumer Price Index, Producer Price Index and Gross Domestic Product: Evidence from Kosovo," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 166-189, March.
    50. SHIBATA,Tsubasa, 2025. "Understanding Price Formation through a Boid-Based Analysis: Insights from Thailand in the Context of Emerging Economies," IDE Discussion Papers 975, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    51. Elias Hasler, 2025. "Assessing the Global Impact of EU Carbon Pricing: Economic and Climate Spillovers," Working Papers 2025-01, Faculty of Economics and Statistics, Universität Innsbruck.
    52. Ko, Dong Gyun, 2025. "Did the American Rescue Plan cause inflation? A synthetic control approach," Economic Modelling, Elsevier, vol. 143(C).
    53. Kim, Won Joong & Ko, Juyoung & Kwon, Won Soon & Piao, Chunyan, 2025. "Time-varying sources of fluctuations in global inflation," Economic Modelling, Elsevier, vol. 143(C).
    54. Bonaparte, Yosef & Fabozzi, Frank J. & Peron, Matt, 2025. "Measuring transitory inflation: Implications for monetary policy and stock market volatility," Journal of International Money and Finance, Elsevier, vol. 153(C).
    55. Omid Asadollah & Linda Schwartz Carmy & Md. Rezwanul Hoque & Hakan Yilmazkuday, 2024. "Geopolitical Risk, Supply Chains, and Global Inflation," Working Papers 2406, Florida International University, Department of Economics.
    56. Flavio V Vieira & Cleomar Gomes da Silva, 2024. "Global inflation before and after the covid-19 pandemic: a panel data approach," Economics Bulletin, AccessEcon, vol. 44(3), pages 889-903.
    57. Inogamov, Samigjon & Leon-Gonzalez, Roberto, 2024. "Inflation comovement in emerging economies: The facts and impact of global prices," Journal of Asian Economics, Elsevier, vol. 94(C).
    58. Bettarelli, Luca & Estefania-Flores, Julia & Furceri, Davide & Loungani, Prakash & Pizzuto, Pietro, 2023. "Energy inflation and consumption inequality," Energy Economics, Elsevier, vol. 124(C).
    59. Ignacio Garr'on & C. Vladimir Rodr'iguez-Caballero & Esther Ruiz, 2024. "International vulnerability of inflation," Papers 2410.20628, arXiv.org, revised Oct 2024.
    60. Skare, Marinko & Gavurova, Beata & Blažević Burić, Sanja, 2024. "Artificial intelligence and wealth inequality: A comprehensive empirical exploration of socioeconomic implications," Technology in Society, Elsevier, vol. 79(C).
    61. Garrón Vedia, Ignacio & Rodríguez Caballero, Carlos Vladimir & Ruiz Ortega, Esther, 2024. "International vulnerability of inflation," DES - Working Papers. Statistics and Econometrics. WS 44814, Universidad Carlos III de Madrid. Departamento de Estadística.
    62. Tzannatos, Zafiris & Saif, Ibrahim, 2023. "Assessing the Sustainability of Jordan’s Public Debt," FDL Policy Notes 2308, CEPREMAP.
    63. Faccia, Donata & Parker, Miles & Stracca, Livio, 2021. "Feeling the heat: extreme temperatures and price stability," Working Paper Series 2626, European Central Bank.
    64. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska & Yilmazkuday, Hakan, 2023. "Understanding the global drivers of inflation: How important are oil prices?11We would like to thank Xuguang Simon Sheng, Guest Editor, and two anonymous reviewers for their detailed feedback. We also," Energy Economics, Elsevier, vol. 127(PA).

  17. Ohnsorge, Franziska & Kose, M. Ayhan & Sugawara, Naotaka, 2021. "A Mountain of Debt: Navigating the Legacy of the Pandemic," CEPR Discussion Papers 16637, C.E.P.R. Discussion Papers.

    Cited by:

    1. Maxime Menuet & Alexandru Minea & Patrick Villieu, 2024. "The perils of fiscal feedback rules," Post-Print hal-04720018, HAL.
    2. M. Ayhan Kose & Franziska Ohnsorge, 2023. "Slowing Growth: More Than a Rough Patch," CAMA Working Papers 2023-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. K. R. Shanmugam & P.S. Renjith, 2023. "Sustainability and Threshold Value of Public Debt of Centre and All State Governments in India," Working Papers 2023-240, Madras School of Economics,Chennai,India.
    4. Pedrosa, Ítalo & Brochier, Lídia & Freitas, Fabio, 2023. "Debt hierarchy: Autonomous demand composition, growth and indebtedness in a Supermultiplier model," Economic Modelling, Elsevier, vol. 126(C).
    5. Yabesh Ombwori Kongo & Elvis Kimani Kiano & Joash Ogolla Ogada & Peter Isaboke Omboto, 2023. "The Effect of Debt Service Ratio and Exchange Rate on Public Debt Sustainability in Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 302-312, November.
    6. Jalles, João Tovar & Medas, Paulo, 2024. "The economic aftermath of surges in public and private debt: Initial conditions and channels," Economic Systems, Elsevier, vol. 48(3).

  18. Kose, M. Ayhan & Elgin, Ceyhun & Ohnsorge, Franziska & Yu, Shu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles," CEPR Discussion Papers 16498, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Understanding Informality Abstract:," Working Papers 2021/03, Bogazici University, Department of Economics.
    2. Elgin, Ceyhun & Kose, M. Ayhan & Ohnsorge, Franziska & Yu, Shu, 2021. "Understanding Informality," MPRA Paper 109490, University Library of Munich, Germany.
    3. Hapsari,Indira Maulani & Shu Yu & Pape,Utz Johann & Mansour,Wael, 2023. "Informality in Indonesia: Levels, Trends, and Features," Policy Research Working Paper Series 10586, The World Bank.
    4. Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," CAMA Working Papers 2024-27, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    5. Alfano, Maria Rosaria & Capasso, Salvatore & Ciucci, Salvatore & Spagnolo, Nicola, 2024. "The non-linear effect of income on the shadow economy," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    6. Cephas Melchior Kuipou Mfo Talom & Luc Nembot Ndeffo, 2025. "The non-linear effect of foreign direct investment on the informal economy in sub-Saharan African countries: An approach using the Method of Moments Quantile Regression," Economics Bulletin, AccessEcon, vol. 45(2), pages 958-969.
    7. Bechchani, Khalil, 2025. "Austerity reexamined: Uncovering the role of the shadow economy," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1291-1317.

  19. Ohnsorge, Franziska & Kose, M. Ayhan & Sugawara, Naotaka, 2020. "Benefits and Costs of Debt: The Dose Makes the Poison," CEPR Discussion Papers 14439, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bukalska Elżbieta & Skibińska-Fabrowska Ilona, 2023. "Corporate Investment in Bank-Dependent Companies in Crisis Time," Central European Economic Journal, Sciendo, vol. 10(57), pages 1-22, January.
    2. Awdeh, Ali, 2023. "The Sovereign Debt and Financial Sector Nexus in the Arab Region," MPRA Paper 119425, University Library of Munich, Germany.
    3. Kent Osband Valerio Filoso & Capasso Salvatore & Valerio Filoso, 2022. "The Limits of Limitless Debt," CSEF Working Papers 662, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    4. Taner Turan & Halit Yanıkkaya, 2021. "External debt, growth and investment for developing countries: some evidence for the debt overhang hypothesis," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 20(3), pages 319-341, September.
    5. Koh,Wee Chian & Yu,Shu, 2020. "A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies," Policy Research Working Paper Series 9289, The World Bank.
    6. Zhang Huiyu & Xiao Jianhua & Vveinhardt Jolita & Máté Domicián, 2025. "Coordinating Government Fiscal Policy and Debt Management: Bibliometric Analysis and Visualization," Management Theory and Studies for Rural Business and Infrastructure Development, Sciendo, vol. 47(3), pages 459-483.

  20. Ohnsorge, Franziska & Kose, M. Ayhan & Nagle, Peter & Sugawara, Naotaka, 2020. "Can This Time Be Different? Policy Options in Times of Rising Debt," CEPR Discussion Papers 14528, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kose, M. Ayhan & Nagle, Peter & Ohnsorge, Franziska & Sugawara, Naotaka, 2021. "What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami," MPRA Paper 110897, University Library of Munich, Germany.
    2. Koh,Wee Chian & Yu,Shu, 2020. "A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies," Policy Research Working Paper Series 9289, The World Bank.

  21. Ohnsorge, Franziska & Kilic Celik, Sinem & Kose, M. Ayhan, 2020. "Subdued Potential Growth: Sources and Remedies," CEPR Discussion Papers 14527, C.E.P.R. Discussion Papers.

    Cited by:

    1. Isaac K. Ofori & Mark K. Armah & Emmanuel E. Asmah, 2021. "Towards the Reversal of Poverty and Income Inequality Setbacks Due to COVID-19: The Role of Globalisation and Resource Allocation," Working Papers of the African Governance and Development Institute. 21/043, African Governance and Development Institute..
    2. Isaac K. Ofori, 2021. "Towards Building Shared Prosperity in Sub-Saharan Africa: How Does the Effect of Economic Integration Compare to Social Equity Policies?," Working Papers 21/045, European Xtramile Centre of African Studies (EXCAS).
    3. World Bank, 2022. "Georgia Country Economic Memorandum," World Bank Publications - Reports 38130, The World Bank Group.
    4. Cooray, Arusha & Özmen, Ibrahim, 2024. "The role of institutions on public debt: A quantile regression approach," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 912-928.
    5. Isaac K. Ofori & William G. Cantah & Benedict Afful & Saddam Hossain, 2022. "Towards shared prosperity in sub‐Saharan Africa: How does the effect of economic integration compare to social equity policies?," African Development Review, African Development Bank, vol. 34(1), pages 97-113, March.
    6. M. Ayhan Kose & Franziska Ohnsorge, 2023. "Slowing Growth: More Than a Rough Patch," CAMA Working Papers 2023-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Ruch,Franz Ulrich, 2021. "Neutral Real Interest Rates in Inflation Targeting Emerging and Developing Economies," Policy Research Working Paper Series 9711, The World Bank.
    8. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2020. "Subdued Potential Growth: Sources and Remedies," Koç University-TUSIAD Economic Research Forum Working Papers 2009, Koc University-TUSIAD Economic Research Forum.
    9. Mr. Geoffrey J Bannister & Mr. Harald Finger & Siddharth Kothari & Ms. Elena Loukoianova, 2020. "Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand," IMF Working Papers 2020/272, International Monetary Fund.
    10. Strauss, Ilan & Yang, Jangho, 2021. "Slowing investment rates in developing economies: Evidence from a Bayesian hierarchical model," International Review of Financial Analysis, Elsevier, vol. 77(C).
    11. World Bank, 2022. "Georgia Country Economic Memorandum," World Bank Publications - Reports 38375, The World Bank Group.

  22. Ohnsorge, Franziska & Koh, Wee Chian & Kose, M. Ayhan & Nagle, Peter & Sugawara, Naotaka, 2020. "Debt and Financial Crises," CEPR Discussion Papers 14442, C.E.P.R. Discussion Papers.

    Cited by:

    1. P. B. Zondi & Z. Robinson, 2021. "The Relationship between Government Debt and Economic Growth in South Africa with Specific Reference to Eskom," EuroEconomica, Danubius University of Galati, issue 2(40), pages 17-34, November.
    2. Chiemezie A Umeh & Ebi Ferdinand Ogar, 2024. "Governance and Corruption in Export Credit Agency-Backed Projects: Implications for Policy Autonomy in Africa," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(11), pages 957-962, November.
    3. Pozo, Jorge, 2024. "Excessive bank risk-taking in an infinite horizon economy," Journal of Financial Stability, Elsevier, vol. 73(C).
    4. Rašiová, Barbara & Árendáš, Peter, 2023. "Copula approach to market volatility and technology stocks dependence," Finance Research Letters, Elsevier, vol. 52(C).
    5. Claudia Livia Pau & Mihaela Martin, 2021. "Health and Social Justice," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 143-152, August.
    6. Raheem, Ibrahim, 2021. "Commentaries on the Global Fiscal Consequences of the COVID-19 Pandemic: The Good, the Bad, the Unknown, and the Way Forward," MPRA Paper 107629, University Library of Munich, Germany.
    7. Jalles, João Tovar & Medas, Paulo, 2024. "The economic aftermath of surges in public and private debt: Initial conditions and channels," Economic Systems, Elsevier, vol. 48(3).
    8. Gregory, Richard Paul, 2024. "Climatic oscillations and sovereign debt crises," International Review of Economics & Finance, Elsevier, vol. 95(C).

  23. Kose, M. Ayhan & Ha, Jongrim & Otrok, Christopher & Prasad, Eswar, 2020. "Global Macro-Financial Cycles and Spillovers," CEPR Discussion Papers 14404, C.E.P.R. Discussion Papers.

    Cited by:

    1. Gomez-Gonzalez, Jose E. & Uribe, Jorge M. & Valencia, Oscar, 2022. "Risk Spillovers between Global Corporations and Latin American Sovereigns: Global Factors Matter," IDB Publications (Working Papers) 12236, Inter-American Development Bank.
    2. Georgiadis, Georgios & Jančoková, Martina, 2017. "Financial globalisation, monetary policy spillovers and macro-modelling: tales from 1001 shocks," Working Paper Series 2082, European Central Bank.
    3. Lorenzo Pozzi, "undated". "Housing returns and intertemporal substitution in consumption: estimates for industrial economies," Tinbergen Institute Discussion Papers 22-044/VI, Tinbergen Institute.
    4. Rebucci, Alessandro & Acalin, Julien, 2020. "Global Business and Financial Cycles: A Tale of Two Capital Account Regimes," CEPR Discussion Papers 15190, C.E.P.R. Discussion Papers.
    5. An, Hui & Huang, Yang & Fan, Lifu & Wang, Hao & He, Xuan, 2025. "The impact of the global financial cycle on China's cross-border capital flows," China Economic Review, Elsevier, vol. 91(C).
    6. Eliene Farias & Leonardo Bornacki Mattos & Douglas Marcos Ferreira, 2024. "Spillover effects: Does the inflation targeting system matter?," SN Business & Economics, Springer, vol. 4(6), pages 1-17, June.
    7. Houssa, Romain & Mohimont, Jolan & Otrok, Christopher, 2023. "Commodity exports, financial frictions, and international spillovers," European Economic Review, Elsevier, vol. 158(C).
    8. Misha van Beek, 2020. "Consistent Calibration of Economic Scenario Generators: The Case for Conditional Simulation," Papers 2004.09042, arXiv.org.
    9. Xin Tian & Jan Jacobs & Jakob de Haan, 2022. "Alternative Measures for the Global Financial Cycle: Do They Make a Difference?," CESifo Working Paper Series 9730, CESifo.
    10. Vrinda Gupta & Amlendu Dubey, 2024. "US monetary policy, the global financial cycle and cross-country financial cycles," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(4), pages 999-1019, December.
    11. Herculano, Miguel C. & Lütkebohmert, Eva, 2023. "Investor sentiment and global economic conditions," Journal of Empirical Finance, Elsevier, vol. 73(C), pages 134-152.
    12. Xinqian Du & Tian Pu, 2025. "U.S. economic uncertainty shocks and extreme capital flows episodes: An empirical analysis of emerging and developing economies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 352-368, January.

  24. Ohnsorge, Franziska & Kose, M. Ayhan, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," CEPR Discussion Papers 14405, C.E.P.R. Discussion Papers.

    Cited by:

    1. D’Orazio, Paola, 2024. "Assessing the fiscal implications of changes in critical minerals’ demand in the low-carbon energy transition," Applied Energy, Elsevier, vol. 376(PA).

  25. Kose, M. Ayhan & Huidrom, Raju & Lim, Jamus & Ohnsorge, Franziska, 2019. "Why Do Fiscal Multipliers Depend on Fiscal Positions?," CEPR Discussion Papers 13648, C.E.P.R. Discussion Papers.

    Cited by:

    1. Luca Metelli & Kevin Pallara, 2020. "Fiscal space and the size of the fiscal multiplier," Temi di discussione (Economic working papers) 1293, Bank of Italy, Economic Research and International Relations Area.
    2. Beau Soederhuizen & Rutger Teulings & Rob Luginbuhl, 2023. "Estimating the impact of the financial cycle on fiscal policy," Empirical Economics, Springer, vol. 65(6), pages 2669-2709, December.
    3. Frangiamore, Francesco & Matarrese, Marco Maria, 2025. "Government spending multipliers and financial fragility in Italy," Economic Modelling, Elsevier, vol. 145(C).
    4. Emilio Colombo & Davide Furceri & Pietro Pizzuto & Patrizio Tirelli, 2022. "Fiscal Multipliers and Informality," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2201, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    5. PINSHI, Christian P. & MALATA, Alain, 2020. "Canal d’incertitude de la COVID-19 : Quelles stratégies et tactiques pour la politique monétaire ? [COVID-19 Uncertainty Channel: What Strategies and Tactics for Monetary Policy?]," MPRA Paper 109313, University Library of Munich, Germany.
    6. António Afonso & José Alves & Alessio Ferraro & Sofia Monteiro, 2025. "Green Fiscal Multipliers with Different Sovereign Debt Trajectories in EU Countries," Working Papers REM 2025/0389, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    7. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
    8. Botta, Alberto & Porcile, Gabriel & Spinola, Danilo & Yajima, Giuliano, 2022. "Financial integration, productive development and fiscal policy space in developing countries," Greenwich Papers in Political Economy 38233, University of Greenwich, Greenwich Political Economy Research Centre.
    9. Afonso, António & Huart, Florence & Tovar Jalles, João & Stanek, Piotr, 2022. "Twin deficits revisited: A role for fiscal institutions?," Journal of International Money and Finance, Elsevier, vol. 121(C).
    10. Checherita-Westphal, Cristina & Pesso, Tom, 2024. "Fiscal policy and inflation: accounting for non-linearities in government debt," Working Paper Series 2996, European Central Bank.
    11. Hory, Marie-Pierre & Levieuge, Grégory & Onori, Daria, 2021. "Public spending, currency mismatch and financial frictions," Journal of International Money and Finance, Elsevier, vol. 116(C).
    12. Snezana Eminidou & Martin Geiger & Marios Zachariadis, 2021. "Public Debt and state-dependent Effects of Fiscal Policy in the Euro Area," University of Cyprus Working Papers in Economics 03-2021, University of Cyprus Department of Economics.
    13. Jelena Reljic & Francesco Zezza, 2024. "Breaking the Divide: Can Public Spending on Social Infrastructure Boost Female Employment in Italy?," Working Papers in Public Economics 246, Department of Economics and Law, Sapienza University of Roma.
    14. Mindaugas Butkus & Diana Cibulskiene & Lina Garsviene & Janina Seputiene, 2021. "The Heterogeneous Public Debt–Growth Relationship: The Role of the Expenditure Multiplier," Sustainability, MDPI, vol. 13(9), pages 1-22, April.
    15. Michal Rubaszek & David Stenvall & Gazi Salah Uddin, 2025. "Rental market structure and housing dynamics: An interacted panel VAR investigation," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 781-802, January.
    16. Mr. Alejandro Izquierdo & Mr. Ruy Lama & Juan Pablo Medina & Jorge Puig & Daniel Riera-Crichton & Mr. Carlos A. Végh Gramont & Guillermo Javier Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration," IMF Working Papers 2019/289, International Monetary Fund.
    17. IIBOSHI, Hirokuni & IWATA, Yasuharu, 2023. "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," MPRA Paper 116347, University Library of Munich, Germany.
    18. Ouliaris, Sam & Rochon, Celine, 2021. "Pre- and Post-Global Financial Crisis Policy Multipliers#," Journal of Macroeconomics, Elsevier, vol. 70(C).
    19. Alain MALATA & Christian PINSHI, 2020. "Fading The Effects Of Coronavirus With Monetary Policy," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 11(2), pages 105-110.
    20. Raut, Dirghau & Raju, Swati, 2019. "Size of Expenditure Multipliers for Indian States: Does the Level of Income and Public Debt Matter?," MPRA Paper 104947, University Library of Munich, Germany.
    21. Somnath Sharma & Deba Prasad Rath & Samir Ranjan Behera, 2024. "State-level Fiscal Multipliers in India: Local Fiscal Multiplier Approach," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 22(1), pages 91-102, March.
    22. Choi, Sangyup & Shin, Junhyeok, 2023. "Household indebtedness and the macroeconomic effects of tax changes," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 22-52.
    23. Dąbrowski, Marek A. & Papież, Monika & Rubaszek, Michał & Śmiech, Sławomir, 2022. "The role of economic development for the effect of oil market shocks on oil-exporting countries. Evidence from the interacted panel VAR model," Energy Economics, Elsevier, vol. 110(C).
    24. Yasuharu Iwata & Hirokuni IIboshi, 2023. "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(4), pages 830-858, August.
    25. Tovar Jalles, João & Park, Donghyun & Qureshi, Irfan, 2024. "Public and Private Investment as Catalysts for Growth: An analysis of emerging markets and developing economies with a focus on Asia," Journal of International Money and Finance, Elsevier, vol. 148(C).
    26. El Mostafa Bentour, 2023. "On the government consumption multipliers evolvement over time: an SVAR analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 30(12), pages 1612-1617, July.
    27. M. Ayhan Kose & Sergio Kurlat & Franziska Ohnsorge & Naotaka Sugawara, 2017. "A Cross-Country Database of Fiscal Space," CAMA Working Papers 2017-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    28. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    29. Tan Ngoc Vu & Chi Minh Ho & Thang Cong Nguyen & Duc Hong Vo, 2020. "The Determinants of Risk Transmission between Oil and Agricultural Prices: An IPVAR Approach," Agriculture, MDPI, vol. 10(4), pages 1-14, April.
    30. Daniel Loureiro & Oscar Afonso & Paulo B. Vasconcelos, 2024. "Global directed technical change model with fiscal and monetary policies, and public debt," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-57, April.
    31. Thierry Betti & Thomas Coudert, 2022. "How harmful are cuts in public employment and wage in times of high unemployment?," Post-Print hal-03982745, HAL.
    32. Paras Sachdeva & Wasim Ahmad & N. R. Bhanumurthy, 2023. "Uncovering time variation in public expenditure multipliers: new evidence," Indian Economic Review, Springer, vol. 58(2), pages 445-483, September.
    33. João Tovar Jalles & Donghyun Park & Irfan Qureshi, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    34. Eduardo de Sá Fortes Leitão Rodrigues, 2020. "Uncertainty And The Effectiveness Of Fiscal Policy In The United States And Brazil: Svar Approach," Working Papers REM 2020/0150, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    35. Fleischhacker, Jan, 2024. "Fiscal policy and the business cycle: An argument for non-linear policy rules," MPRA Paper 122497, University Library of Munich, Germany.
    36. Rabia Rafique & Asad Nisar & Syed Sadaqat Ali Shah, 2024. "Testing the effects of fiscal policy shocks on output growth in recession and expansion: empirical evidence from developing countries," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-26, June.
    37. Dennis Bonam & Paul Konietschke, 2020. "Tax multipliers across the business cycle," Working Papers 699, DNB.
    38. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    39. Chun-Hung Kuo & Hiroaki Miyamoto, 2020. "Public Investment and Labor Market Flexibility," Working Papers SDES-2020-16, Kochi University of Technology, School of Economics and Management, revised Dec 2020.
    40. Mindaugas Butkus & Diana Cibulskiene & Lina Garsviene & Janina Seputiene, 2021. "Empirical Evidence on Factors Conditioning the Turning Point of the Public Debt–Growth Relationship," Economies, MDPI, vol. 9(4), pages 1-22, December.
    41. Bentour, El Mostafa, 2025. "Assessing government expenditures multipliers under oil price swings," Journal of Commodity Markets, Elsevier, vol. 38(C).
    42. Lim, Jamus Jerome, 2020. "The political economy of fiscal procyclicality," European Journal of Political Economy, Elsevier, vol. 65(C).
    43. Alejandro Izquierdo & Ruy E. Lama & Juan Pablo Medina & Jorge P. Puig & Daniel Riera-Crichton & Carlos A. Vegh & Guillermo Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation," NBER Working Papers 26478, National Bureau of Economic Research, Inc.
    44. Islam,Asif Mohammed & Nguyen,Ha, 2024. "Distributional Crowding Out Effects of Public Debt on Private Investment in Developing Economies," Policy Research Working Paper Series 10786, The World Bank.
    45. Angela Köppl & Margit Schratzenstaller-Altzinger, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.
    46. Vanessa Kunzmann, 2023. "Estimating Regime Dependent Fiscal Spillover Effects in a Monetary Union," Working Papers 227, Bavarian Graduate Program in Economics (BGPE).
    47. Loayza,Norman V. & Pennings,Steven Michael, 2020. "Macroeconomic Policy in the Time of COVID-19 : A Primer for Developing Countries," Research and Policy Briefs 147291, The World Bank.
    48. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Benefits and Costs of Debt : The Dose Makes the Poison," Policy Research Working Paper Series 9166, The World Bank.
    49. Borgo Julián, 2024. "El multiplicador fiscal en Argentina. Evaluando la relevancia del contexto macroeconómico," Asociación Argentina de Economía Política: Working Papers 4712, Asociación Argentina de Economía Política.
    50. Eduardo de Sa Fortes Leitao Rodrigues, 2023. "Uncertainty and the effectiveness of fiscal policy in the United States and Brasil: SVAR Approach," Working Papers 2023.03, International Network for Economic Research - INFER.
    51. Vese Qehaja-Kekae & Driton Qehaja & Arber Hoti, 2023. "The Effect of Fiscal Deficits on Economic Growth: Evidence from Eurozone Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-18.
    52. Serena Merrino, 2021. "Statedependent fiscal multipliers and financial dynamics An impulse response analysis by local projections for South Africa," Working Papers 11015, South African Reserve Bank.
    53. Syed Sadaqat Ali Shah & Muhammad Asim Afridi, 2023. "Cyclical variation of fiscal multipliers in Caucasus and Central Asia economies: an empirical evidence," Economic Change and Restructuring, Springer, vol. 56(6), pages 4531-4563, December.
    54. El Mostafa Bentour, 2022. "The effects of public debt accumulation and business cycle on government spending multipliers," Applied Economics, Taylor & Francis Journals, vol. 54(19), pages 2231-2256, April.
    55. Marco Lorusso & Francesco Ravazzolo & Claudia Udroiu, 2024. "Fiscal stimuli: Monetary versus Fiscal Financing," BEMPS - Bozen Economics & Management Paper Series BEMPS105, Faculty of Economics and Management at the Free University of Bozen.
    56. Espinoza Raphael & Gamboa-Arbelaez Juliana & Sy Mouhamadou, 2024. "The Fiscal Multiplier of Public Investment: The Role of Corporate Balance Sheet," The B.E. Journal of Macroeconomics, De Gruyter, vol. 24(1), pages 489-527, January.
    57. Alfred A. Haug & Tomasz Łyziak & Anna Sznajderska, 2022. "The Role of the Monetary Policy Stance for the Goverment Spending Multiplier in Poland ​," KAE Working Papers 2022-080, Warsaw School of Economics, Collegium of Economic Analysis.
    58. Ma, Yong & Lv, Lin, 2022. "Money, debt, and the effects of fiscal stimulus," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 152-178.
    59. Kim, Wongi, 2023. "Private sector debt overhang and government spending multipliers: Not all debts are alike," European Economic Review, Elsevier, vol. 154(C).

  26. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019. "Understanding Inflation in Emerging and Developing Economies," CEPR Discussion Papers 13608, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska, 2021. "Inflation During the Pandemic: What Happened? What is Next?," MPRA Paper 108677, University Library of Munich, Germany.
    2. World Bank, 2022. "Maximizing Finance for Development," World Bank Publications - Reports 37100, The World Bank Group.
    3. Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2019. "Inflation Expectations of Households: Do They Influence Wage-Price Dynamics in India?," EconStor Preprints 193462, ZBW - Leibniz Information Centre for Economics.
    4. Karol Szafranek & Grzegorz Szafrański & Agnieszka Leszczyńska-Paczesna, 2023. "Inflation returns. Revisiting the role of external and domestic shocks with Bayesian structural VAR," NBP Working Papers 357, Narodowy Bank Polski.
    5. Kiss, Tibor & Popovics, Steve, 2021. "Evaluation on the effectiveness of energy policies – Evidence from the carbon reductions in 25 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    6. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation, and the Price Level," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    7. Kamber, Güneş & Wong, Benjamin, 2020. "Global factors and trend inflation," Journal of International Economics, Elsevier, vol. 122(C).
    8. Dennis Nsafoah & Cosmas Dery & Ayobami E. Ilori, 2025. "Revisiting the drivers of inflation in Sub-Saharan Africa after COVID-19," Empirical Economics, Springer, vol. 68(3), pages 1073-1112, March.
    9. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020. "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers 202015, University of Barcelona, Research Institute of Applied Economics, revised Oct 2020.
    10. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    11. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2021. "One-stop source: A global database of inflation," CAMA Working Papers 2021-59, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    12. Kamal Lahlou & Hicham Bennouna, 2022. "Contributions des facteurs domestiques et externes à la dynamique de l’inflation au Maroc," Document de travail 2022-1, Bank Al-Maghrib, Département de la Recherche.
    13. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. Fahim Al Marhubi, 2021. "Economic Complexity and Inflation: An Empirical Analysis," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(3), pages 259-271, September.
    15. World Bank Group, 2022. "Commodity Markets Outlook, April 2022," World Bank Publications - Books, The World Bank Group, number 37223.
    16. World Bank, 2023. "Energizing Europe - Inclusive Growth," World Bank Publications - Reports 40026, The World Bank Group.
    17. Dizioli, Allan & Wang, Hou, 2024. "How do adaptive learning expectations rationalize stronger monetary policy response in Brazil?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(1).
    18. World Bank, 2021. "Central Bank Digital Currency," World Bank Publications - Reports 36766, The World Bank Group.
    19. Taderera, Marimo & Akinsomi, Omokolade, 2020. "Is commercial real estate a good hedge against inflation? Evidence from South Africa," Research in International Business and Finance, Elsevier, vol. 51(C).
    20. Helder Ferreira de Mendonça & Natália Ferreira Trigo, 2024. "What is the effect of imported inflation and central bank credibility on the poor and rich?," Applied Economics, Taylor & Francis Journals, vol. 56(21), pages 2520-2543, May.
    21. Lenin Arango-Castillo & María José Orraca & Regina Briseño, 2025. "Inflation volatility across advanced and emerging economies during the COVID-19 pandemic," Working Papers 2025-13, Banco de México.
    22. Guillermo A. Calvo, 2019. "Liquidity Deflation and Liquidity Trap under Flexible Prices: Some Microfoundations and Implications," NBER Working Papers 26277, National Bureau of Economic Research, Inc.
    23. Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," CAMA Working Papers 2024-27, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    24. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    25. Tural Yusifzada, 2024. "Evaluating the global impact of climate change on agricultural inflation: an innovative climate condition index approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 18411-18438, July.
    26. Justin Damien Guenette & Philip George Kenworthy & Collette Mari Wheeler, 2022. "Implications of the War in Ukraine for the Global Economy," World Bank Publications - Reports 37372, The World Bank Group.
    27. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    28. Yu Chen & Apostolos Serletis, 2025. "Monetary Policy Strategies in Advanced and Emerging Economies," Open Economies Review, Springer, vol. 36(1), pages 1-23, February.
    29. Cevik Serhan & Jalles Joao, 2024. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Review of Economics, De Gruyter, vol. 75(2), pages 109-138.
    30. Fahmida Mostafiz, 2024. "Industrial Policy and The New Structural Economics Theory: A Transitional Economy Perspective," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(6), pages 1-24.
    31. Serhan Cevik & Tianle Zhu, 2020. "Trinity Strikes Back: Monetary Independence And Inflation In The Caribbean," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(3), pages 375-388, April.
    32. Monnet, Eric & Puy, Damien, 2021. "One Ring to Rule Them All? New Evidence on World Cycles," CEPR Discussion Papers 15958, C.E.P.R. Discussion Papers.
    33. Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019. "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers 19-02-rev1, Stony Brook University, Department of Economics.
    34. Szafranek, Karol, 2021. "Evidence on time-varying inflation synchronization," Economic Modelling, Elsevier, vol. 94(C), pages 1-13.
    35. Guenette,Justin Damien, 2020. "Price Controls : Good Intentions, Bad Outcomes," Policy Research Working Paper Series 9212, The World Bank.
    36. World Bank, 2022. "Global Economic Prospects, January 2022," World Bank Publications - Books, The World Bank Group, number 36519.
    37. Eun Jin Ryu & Aya Suzuki, 2021. "ROSCAS as Insurance: Comparing Formal and Informal Methods of Saving among the Unskilled Workers in the Ethiopian Cut‐Flower Industry," The Developing Economies, Institute of Developing Economies, vol. 59(3), pages 243-274, September.
    38. Abou Hamia, Mohamad A., 2024. "Why developing countries need a new central bank paradigm: Evidence from the Middle East and North Africa region," Economic Systems, Elsevier, vol. 48(4).
    39. Syed Sadaqat Ali Shah & David Dickinson & Kunyu Tao & Chan Wang & Liqing Zhang, 2025. "The Heterogenous Threshold Effects of Public Debt on Economic Growth: Empirical Evidence from Developing Countries," Open Economies Review, Springer, vol. 36(1), pages 243-280, February.
    40. Alain N. Kabundi & Mr. Montfort Mlachila & Jiaxiong Yao, 2022. "How Persistent are Climate-Related Price Shocks? Implications for Monetary Policy," IMF Working Papers 2022/207, International Monetary Fund.
    41. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    42. Salvucci, Vincenzo & Tarp, Finn, 2024. "Crises, prices, and poverty – An analysis based on the Mozambican household budget surveys 1996/97–2019/20," Food Policy, Elsevier, vol. 125(C).
    43. Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020. "What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC," Papers 2006.06274, arXiv.org, revised Aug 2022.
    44. Reshma & Wahyu Widodo, 2024. "The Effect of Exchange Rates and World Crude Oil Prices on Inflation: Evidence from Emerging Economies," Journal of Economic Sciences, Federal Urdu University Islamabad, Department of Economics, vol. 3(2), pages 146-161, December.
    45. Ryan Niladri Banerjee & Valerie Boctor & Aaron Mehrotra & Fabrizio Zampolli, 2023. "Fiscal sources of inflation risk in EMDEs: the role of the external channel," BIS Working Papers 1110, Bank for International Settlements.
    46. Szafranek, Karol, 2021. "Disentangling the sources of inflation synchronization. Evidence from a large panel dataset," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 229-245.
    47. Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Naoya Kishi, 2024. "Changes in the Global Economic Landscape and Issues for Japan's Economy," Bank of Japan Working Paper Series 24-E-3, Bank of Japan.

  27. Kose, M. Ayhan & Matsuoka, Hideaki & Panizza, Ugo & Vorisek, Dana, 2019. "Inflation Expectations: Review and Evidence," CEPR Discussion Papers 13601, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska, 2021. "Inflation During the Pandemic: What Happened? What is Next?," MPRA Paper 108677, University Library of Munich, Germany.
    2. Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "Technology and demand drivers of productivity dynamics in developed and emerging market economies," Working Paper Series 2533, European Central Bank.
    3. Richhild Moessner & Előd Takáts, 2020. "How well-anchored are long-term inflation expectations?," BIS Working Papers 869, Bank for International Settlements.
    4. Gabriele Galati & Richhild Moessner & Maarten van Rooij, 2023. "The anchoring of long-term inflation expectations of consumers: insights from a new survey," Oxford Economic Papers, Oxford University Press, vol. 75(1), pages 96-116.
    5. Şule GÜNDÜZ & Seçkin YILDIRIM & Mübeccel Banu DURUKAN, 2020. "An Investigation of the Factors Affecting Inflation Perceptions: A Case Study on Business and Economics Undergraduate Students Abstract: The aim of this study is to investigate the factors behind the ," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(45).
    6. Barry Eichengreen & Poonam Gupta, 2024. "Inflation Targeting in India: A Further Assessment," NCAER Working Papers 174, National Council of Applied Economic Research.
    7. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    8. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "From Low to High Inflation: Implications for Emerging Market and Developing Economies," Koç University-TUSIAD Economic Research Forum Working Papers 2202, Koc University-TUSIAD Economic Research Forum.
    9. Eda Gulsen & Hakan Kara, 2020. "Formation of inflation expectations: Does macroeconomic and policy environment matter?," Koç University-TUSIAD Economic Research Forum Working Papers 2017, Koc University-TUSIAD Economic Research Forum.
    10. Dumitriu, Ramona & Stefanescu, Răzvan, 2020. "Provocări pentru Finanţele Comportamentale în contextul COVID-19 [Some challenges for the Behavioral Finance in the Context of COVID-19]," MPRA Paper 99675, University Library of Munich, Germany, revised 16 Apr 2020.
    11. Gupta, Poonam & Eichengreen, Barry & Choudhary, Rishabh, 2021. "Inflation Targeting in India : An Interim Assessment," MPRA Paper 112656, University Library of Munich, Germany.
    12. Hwang, In Do & Lustenberger, Thomas & Rossi, Enzo, 2021. "Does communication influence executives’ opinion of central bank policy?☆," Journal of International Money and Finance, Elsevier, vol. 115(C).
    13. Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," CAMA Working Papers 2024-27, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    15. Khaliq Ul Rehman & Ghulam Ghouse, 2024. "Examining Inflation Expectations within Asian Economies: Application of Wavelet Quantile Analysis towards Assessing Monetary Policy Credibility," Journal of Economic Impact, Science Impact Publishers, vol. 6(1), pages 70-80.
    16. Momah N. Sandra & Akintoye I.R & Ogbebor. I. Peter, 2025. "The Effect of Oil Tax Revenue on Economic Growth in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(3), pages 793-805, March.
    17. Byrne, David & Zekaite, Zivile, 2019. "Euro area longer-term inflation expectations revisited," Economic Letters 12/EL/19, Central Bank of Ireland.
    18. Bems, Rudolfs & Caselli, Francesca & Grigoli, Francesco & Gruss, Bertrand, 2021. "Expectations' anchoring and inflation persistence," Journal of International Economics, Elsevier, vol. 132(C).
    19. Richhild Moessner, 2021. "Determinants of Inflation Expectations," CESifo Working Paper Series 9485, CESifo.
    20. Montes, Gabriel Caldas & Dantas, João, 2025. "Effects of trilemma policies patterns on monetary policy credibility," Economic Systems, Elsevier, vol. 49(2).
    21. Olivier Armantier & Gizem Koşar & Jason Somerville & Giorgio Topa & Wilbert Van der Klaauw & John C. Williams, 2022. "The Curious Case of the Rise in Deflation Expectations," Staff Reports 1037, Federal Reserve Bank of New York.
    22. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Benefits and Costs of Debt : The Dose Makes the Poison," Policy Research Working Paper Series 9166, The World Bank.
    23. In Do Hwang & Enzo Rossi, 2020. "Does communication influence executives' opinion of central bank policy?," Working Papers 2020-17, Swiss National Bank.
    24. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    25. James Yetman, 2020. "Pass-through from short-horizon to long-horizon inflation expectations, and the anchoring of inflation expectations," BIS Working Papers 895, Bank for International Settlements.
    26. Ali Inayat, 2023. "Household Inflation Expectations Uncertainty: A Case for Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 28(1), pages 1-39, Jan-June.

  28. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019. "Global Inflation Synchronization," CEPR Discussion Papers 13600, C.E.P.R. Discussion Papers.

    Cited by:

    1. Aleksei Kiselev & Aleksandra Zhivaykina, 2019. "The role of global relative price changes in international comovement of inflation," Bank of Russia Working Paper Series wps53, Bank of Russia.
    2. De Soyres,Francois Michel Marie Raphael & Franco Bedoya,Sebastian, 2019. "Inflation Dynamics and Global Value Chains," Policy Research Working Paper Series 9090, The World Bank.
    3. Demirer, Rıza & Ferrer, Román & Shahzad, Syed Jawad Hussain, 2020. "Oil price shocks, global financial markets and their connectedness," Energy Economics, Elsevier, vol. 88(C).
    4. Lenin Arango-Castillo & María José Orraca & Regina Briseño, 2025. "Inflation volatility across advanced and emerging economies during the COVID-19 pandemic," Working Papers 2025-13, Banco de México.
    5. Zhang, Wen, 2022. "China’s government spending and global inflation dynamics: The role of the oil price channel," Energy Economics, Elsevier, vol. 110(C).
    6. Szafranek, Karol, 2021. "Evidence on time-varying inflation synchronization," Economic Modelling, Elsevier, vol. 94(C), pages 1-13.
    7. Cheng-Wen Lee & Andrian Dolfriandra Huruta, 2021. "Reexamining The Quantity Theory Of Money: An Empirical Analysis From The Joint Hypothesis," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(1), pages 3-12, May.
    8. Hülya Saygılı & Aysun Türkvatan, 2023. "Tradable and non-tradable inflation in Turkey: asymmetric responses to global factors," Empirical Economics, Springer, vol. 65(2), pages 973-1006, August.
    9. Mehmet Balcilar & Riza Demirer, 2022. "U.S. monetary policy and the predictability of global economic synchronization patterns," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 46(3), pages 473-492, July.
    10. Kim, Won Joong & Ko, Juyoung & Kwon, Won Soon & Piao, Chunyan, 2025. "Time-varying sources of fluctuations in global inflation," Economic Modelling, Elsevier, vol. 143(C).
    11. Inogamov, Samigjon & Leon-Gonzalez, Roberto, 2024. "Inflation comovement in emerging economies: The facts and impact of global prices," Journal of Asian Economics, Elsevier, vol. 94(C).
    12. Szafranek, Karol, 2021. "Disentangling the sources of inflation synchronization. Evidence from a large panel dataset," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 229-245.

  29. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2018. "Fiscal Space : Concept, Measurement, and Policy Implications," Research and Policy Briefs 132195, The World Bank.

    Cited by:

    1. Hassan F. Gholipour & Reza Tajaddini & Mohammad Reza Farzanegan, 2023. "Governments’ economic support for households during the COVID-19 pandemic and consumer confidence," Empirical Economics, Springer, vol. 65(3), pages 1253-1272, September.
    2. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.
    3. Jorge Guillen, 2023. "Financial support failure and health results: The Peruvian case," PLOS ONE, Public Library of Science, vol. 18(2), pages 1-13, February.
    4. Koh,Wee Chian & Yu,Shu, 2020. "A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies," Policy Research Working Paper Series 9289, The World Bank.
    5. Isaac Amedanou, 2024. "Fiscal Fatigue, Public Debt Structure and Sustainability: A DSGE Model for West African Economic and Monetary Union," Post-Print hal-04496782, HAL.
    6. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Benefits and Costs of Debt : The Dose Makes the Poison," Policy Research Working Paper Series 9166, The World Bank.

  30. Kose, M. Ayhan & Ohnsorge, Franziska & Ye, Lei (Sandy) & Islamaj, Ergys, 2017. "Weakness in Investment Growth: Causes, Implications and Policy Responses," CEPR Discussion Papers 11886, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lawless, Martina & Martinez-Cillero, Maria & O'Toole, Conor, 2021. "SME investment determinants and financing constraints: A stochastic frontier approach," Papers WP699, Economic and Social Research Institute (ESRI).
    2. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    3. Projektgruppe Gemeinschaftsdiagnose, 2017. "Gemeinschaftsdiagnose Herbst 2017," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 84(40), pages 809-883.
    4. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2023. "Potential Growth Prospects: Risks, Rewards, and Policies," Koç University-TUSIAD Economic Research Forum Working Papers 2303, Koc University-TUSIAD Economic Research Forum.
    5. Gern, Klaus-Jürgen & Hauber, Philipp & Kooths, Stefan & Potjagailo, Galina & Stolzenburg, Ulrich, 2017. "Weltkonjunktur im Herbst 2017 - Weltwirtschaft im Aufschwung [World Economy Autumn 2017 - World economy in full swing]," Kieler Konjunkturberichte 33, Kiel Institute for the World Economy (IfW Kiel).
    6. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    7. Helder Ferreira de Mendonça & Ytallo Brito, 2021. "The link between public debt and investment: an empirical assessment from emerging markets," Applied Economics, Taylor & Francis Journals, vol. 53(50), pages 5864-5876, October.
    8. Ryan Niladri Banerjee & Boris Hofmann & Aaron Mehrotra, 2020. "Corporate investment and the exchange rate: The financial channel," BIS Working Papers 839, Bank for International Settlements.
    9. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2020. "Subdued Potential Growth: Sources and Remedies," Koç University-TUSIAD Economic Research Forum Working Papers 2009, Koc University-TUSIAD Economic Research Forum.
    10. Germán Gutiérrez & Thomas Philippon, 2017. "Investmentless Growth: An Empirical Investigation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 89-190.
    11. Ohnsorge,Franziska Lieselotte & Quaglietti,Lucia, 2023. "Trade as an Engine of Growth : Sputtering but Fixable," Policy Research Working Paper Series 10356, The World Bank.
    12. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    13. Pravakar Sahoo & Ashwani Bishnoi, 2021. "Investment Slowdown in India: Role of Fiscal-Monetary policy and Economic Uncertainty," IEG Working Papers 439, Institute of Economic Growth.
    14. Strauss, Ilan & Yang, Jangho, 2021. "Slowing investment rates in developing economies: Evidence from a Bayesian hierarchical model," International Review of Financial Analysis, Elsevier, vol. 77(C).
    15. Eduardo Borensztein & Lei Sandy Ye, 2021. "Corporate debt overhang and investment in emerging economies: Firm‐level evidence," International Finance, Wiley Blackwell, vol. 24(1), pages 18-39, April.
    16. Kasyanenko,Sergiy & Kenworthy,Philip George & Ruch,Franz Ulrich & Vashakmadze,Ekaterine T. & Vorisek,Dana Lauren & Wheeler,Collette Mari, 2023. "Investment in Emerging Market and Developing Economy Regions : Trends, Prospects, and Policy Options," Policy Research Working Paper Series 10369, The World Bank.
    17. João Tovar Jalles & Donghyun Park & Irfan Qureshi, 2024. "Public versus Private Investment Multipliers in Emerging Market and Developing Economies: Cross-Country Analysis with a Focus on Asia," ADB Economics Working Paper Series 737, Asian Development Bank.
    18. Germán Gutiérrez & Thomas Philippon, 2017. "Declining Competition and Investment in the U.S," NBER Working Papers 23583, National Bureau of Economic Research, Inc.
    19. Martinez-Cillero, Maria & Lawless, Martina & O'Toole, Conor, 2023. "Analysing SME investment, financing constraints and its determinants. A stochastic frontier approach," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 578-588.
    20. Florian Botte & Laurent Cordonnier & Thomas Dallery & Vincent Duwicquet & Jordan Melmies & Franck van de Velde, 2017. "The cost of capital: between losses and diversion of wealth [Le coût du capital : entre pertes et détournement de richesses]," Working Papers hal-01711157, HAL.
    21. Kazuo OGAWA & Elmer STERKEN & Ichiro TOKUTSU, 2019. "Why Is Investment So Weak Despite High Profitability? A panel study of Japanese manufacturing firms," Discussion papers 19009, Research Institute of Economy, Trade and Industry (RIETI).
    22. Bitros, George C. & Nadiri, M. Ishaq, 2017. "Elasticities of Business Investment in the U.S. and their Policy Implications: A Disaggregate Approach to Modeling and Estimation," MPRA Paper 80091, University Library of Munich, Germany.
    23. Min, Feng & Wen, Fenghua & Wang, Xiong, 2022. "Measuring the effects of monetary and fiscal policy shocks on domestic investment in China," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 395-412.

  31. Kose, M. Ayhan & Ohnsorge, Franziska & Lakatos, Csilla & Stocker, Marc, 2017. "The Global Role of the U.S. Economy: Linkages, Policies and Spillovers," CEPR Discussion Papers 11836, C.E.P.R. Discussion Papers.

    Cited by:

    1. Milas, Costas & Panagiotidis, Theodore & Papapanagiotou, Georgios, 2024. "UK Foreign Direct Investment in uncertain economic times," Journal of International Money and Finance, Elsevier, vol. 147(C).
    2. Raymond L. Aor & Afees A. Salisu & Isah J. Okpe, 2021. "A Comparative Assessment of the Global Effects of US Monetary and Fiscal Policy Uncertainty Shocks," Advances in Decision Sciences, Asia University, Taiwan, vol. 25(4), pages 89-114, December.
    3. Arabinda Basistha, "undated". "Estimates of Quarterly and Monthly Episodes of Global Recessions: Evidence from Markov-switching Dynamic Factor Models," Working Papers 24-07, Department of Economics, West Virginia University.
    4. Paulo Chávez & Gabriel Rodríguez, 2023. "Time changing effects of external shocks on macroeconomic fluctuations in Peru: empirical application using regime-switching VAR models with stochastic volatility," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(2), pages 505-544, May.
    5. Dohyoung Kwon, 2022. "The impacts of oil price shocks and United States economic uncertainty on global stock markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 1595-1607, April.
    6. Matousek, Roman & Panopoulou, Ekaterini & Papachristopoulou, Andromachi, 2020. "Policy uncertainty and the capital shortfall of global financial firms," Journal of Corporate Finance, Elsevier, vol. 62(C).
    7. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    8. Bui, Mai & Pham, Huy & Nguyen Thanh, Binh & Tiwari, Aviral Kumar, 2024. "Revisiting the determinants of cryptocurrency excess return: Does scarcity matter?," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    9. Poon, Aubrey & Zhu, Dan, 2022. "Do Recessions Occur Concurrently Across Countries? A Multinomial Logistic Approach," Working Papers 2022:11, Örebro University, School of Business.
    10. Aaron Mehrotra & Richhild Moessner & Chang Shu Author-X-Name_First: Chang, 2019. "Interest rate spillovers from the United States: expectations, term premia and macro-financial vulnerabilities," BIS Working Papers 814, Bank for International Settlements.
    11. Ahmad H. Juma’h & Yazan Alnsour, 2018. "Using Social Media Analytics: The Effect of President Trump’s Tweets On Companies’ Performance," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 17(1), pages 100-121, March.
    12. Salisu, Afees A. & Bouri, Elie & Gupta, Rangan, 2022. "Out-of-sample predictability of gold market volatility: The role of US Nonfarm Payroll," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 482-488.
    13. Liu, Yang & Sheng, Xuguang Simon, 2019. "The measurement and transmission of macroeconomic uncertainty: Evidence from the U.S. and BRIC countries," International Journal of Forecasting, Elsevier, vol. 35(3), pages 967-979.
    14. Vegard H. Larsen & Leif Anders Thorsrud, 2019. "Business Cycle Narratives," CESifo Working Paper Series 7468, CESifo.
    15. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    16. Eddie Gerba & Danilo Leiva-Leon, 2020. "Macro-financial interactions in a changing world," Working Papers 2018, Banco de España.
    17. V. G. Varnavskiy, 2018. "The US Role in the World Manufacturing and Trade as a Global Issue," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 11(2).
    18. Afees A. Salisu & Rangan Gupta & Riza Demirer, 2021. "The Financial US Uncertainty Spillover Multiplier: Evidence from a GVAR Model," Working Papers 202145, University of Pretoria, Department of Economics.
    19. Apostolos Serletis & Nahiyan Faisal Azad, 2020. "Emerging Market Volatility Spillovers," The American Economist, Sage Publications, vol. 65(1), pages 78-87, March.
    20. Szczygielski, Jan Jakub & Charteris, Ailie & Bwanya, Princess Rutendo & Brzeszczyński, Janusz, 2023. "Which COVID-19 information really impacts stock markets?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    21. Angelos Kotios & Spyros Roukanas & Emmanouil Karakostas, 2019. "Protectionism or Strengthening Competitiveness: The Case of the United States of America," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(3), pages 21-34, July-Sept.
    22. Szczygielski, Jan Jakub & Charteris, Ailie & Obojska, Lidia & Brzeszczyński, Janusz, 2024. "Recession fears and stock markets: An application of directional wavelet coherence and a machine learning-based economic agent-determined Google fear index," Research in International Business and Finance, Elsevier, vol. 72(PA).
    23. Gitelson, Natalia & Manes, Eran, 2025. "Openness and the effect of business cycle synchronization on the equity risk premium," Research in International Business and Finance, Elsevier, vol. 77(PA).
    24. Kumar, Utkarsh & Ahmad, Wasim, 2024. "Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    25. Rajabi, Mona Mashhadi & Linnenluecke, Martina & Smith, Tom, 2025. "Information linkages across countries around net zero announcements," Energy Economics, Elsevier, vol. 141(C).
    26. Gerba, Eddie & Leiva-León, Danilo & Rubio, Margarita, 2024. "Inspecting cross-border macro-financial mechanisms," Journal of International Money and Finance, Elsevier, vol. 145(C).
    27. Mehmet Balcilar & Riza Demirer, 2022. "U.S. monetary policy and the predictability of global economic synchronization patterns," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 46(3), pages 473-492, July.
    28. Nahiyan Faisal Azad & Apostolos Serletis, 2020. "Monetary policy spillovers in emerging economies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 25(4), pages 664-683, October.
    29. Kylie Gilbey & Terry Marsh & Sharon Purchase, 2022. "ASX small firm/microcap listings: the IPO ‘Pop’ and two decades of subsequent returns," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3285-3318, September.
    30. Shivani Narayan & Dilip Kumar, 2023. "Systemic Risk Transmission from the United States to Asian Economies During the COVID-19 Period," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 22(1), pages 57-84, March.
    31. Luigi Bonatti & Andrea Fracasso & Roberto Tamborini, 2021. "Monetary and Fiscal Spillovers Across the Atlantic: The Role of Financial Markets," DEM Working Papers 2021/09, Department of Economics and Management.
    32. Nick Loris & Philip Rossetti & Chung-Yi See & Ashley Nunes, 2025. "Cost-effectiveness of climate regulations depends on non-climate benefits," Papers 2503.11406, arXiv.org.

  32. Kose, M. Ayhan & Kurlat , Sergio & Ohnsorge, Franziska & Sugawara, Naotaka, 2017. "A Cross-Country Database of Fiscal Space," CEPR Discussion Papers 12196, C.E.P.R. Discussion Papers.

    Cited by:

    1. Yacouba COULIBALY & Alexandru MINEA & Patrick VILLIEU, 2022. "How Do Natural Resource – Backed Loans Affect the Public Debt Sustainability in Developing Countries? Empirical Evidence," LEO Working Papers / DR LEO 2937, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    2. Luca Metelli & Kevin Pallara, 2020. "Fiscal space and the size of the fiscal multiplier," Temi di discussione (Economic working papers) 1293, Bank of Italy, Economic Research and International Relations Area.
    3. Jean-Louis Combes & Alexandru Minea & Pegdéwendé Nestor Sawadogo, 2019. "Assessing the effects of combating illicit financial flows on domestic tax revenue mobilization in developing countries," Working Papers halshs-02019073, HAL.
    4. Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes, 2025. "On the macroeconomic effects of fiscal reforms: fiscal rules and public expenditure efficiency," Post-Print hal-05009458, HAL.
    5. Amr Hosny & Kevin Pallara, 2023. "Economic Activity, Fiscal Space and Types of COVID-19 Containment Measures," Economics of Disasters and Climate Change, Springer, vol. 7(3), pages 319-355, November.
    6. Bao-We-Wal Bambe & Jeans-Louis Combes & Kabinet Kaba & Alexandru Minea, 2022. "Inflation Targeting and Developing countries' Performance: Evidence from Firm-Level Data," Working Papers hal-04638825, HAL.
    7. Botta, Alberto & Porcile, Gabriel & Spinola, Danilo & Yajima, Giuliano, 2022. "Financial integration, productive development and fiscal policy space in developing countries," Greenwich Papers in Political Economy 38233, University of Greenwich, Greenwich Political Economy Research Centre.
    8. Dominic Quint & Fabrizio Venditti, 2023. "The Influence of OPEC+ on Oil Prices: A Quantitative Assessment," The Energy Journal, , vol. 44(5), pages 173-186, September.
    9. Gerda Asmus & Vera Eichenauer & Andreas Fuchs & Bradley C. Parks, 2022. "Does India Use Development Finance to Compete With China? A Subnational Analysis," KOF Working papers 22-500, KOF Swiss Economic Institute, ETH Zurich.
    10. de Haan, Jakob & Stamm, Kersten & Yu, Shu, 2025. "Investment accelerations," Structural Change and Economic Dynamics, Elsevier, vol. 73(C), pages 196-210.
    11. Assa, Jacob & Morgan, Marc, 2024. "The General Relativity of Fiscal Space: Theory and Applications," Working Papers unige:176185, University of Geneva, Paul Bairoch Institute of Economic History.
    12. Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "The medium-term effects of fiscal policy rules," Working Papers 325, Bank of Greece.
    13. Apeti, Ablam Estel & Combes, Jean-Louis & Minea, Alexandru, 2024. "Inflation targeting and fiscal policy volatility: Evidence from developing countries," Journal of International Money and Finance, Elsevier, vol. 141(C).
    14. Ly Dai Hung & Hai Anh Bui Thi & Thanh Vo Tri, 2021. "International Debts Flows," Working Papers hal-03129122, HAL.
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    66. Mariano Tommasi, 2023. "Latin America and the Caribbean in the first quarter of the 21st century. What should be reformed, what can be reformed, and how to think about it?," Working Papers 170, Universidad de San Andres, Departamento de Economia, revised Jul 2024.
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    69. Blagica Petreski & Marjan Petreski & Despina Tumanoska & Marija Basheska, 2024. "The Fiscal Space in the Western Balkans: Evidence from the Recent Multilayer Crisis," Finance Think Policy Studies 2024-04/51, Finance Think - Economic Research and Policy Institute.
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  33. Stijn Claessens & M Ayhan Kose, 2017. "Macroeconomic implications of financial imperfections: a survey," BIS Working Papers 677, Bank for International Settlements.

    Cited by:

    1. Mesly, Olivier & Chkir, Imed & Racicot, François-Éric, 2019. "Predatory cells and puzzling financial crises: Are toxic products good for the financial markets?," Economic Modelling, Elsevier, vol. 78(C), pages 11-31.
    2. Mr. Thorvardur Tjoervi Olafsson, 2018. "Cross-Border Credit Intermediation and Domestic Liquidity Provision in a Small Open Economy," IMF Working Papers 2018/202, International Monetary Fund.
    3. Budnik, Katarzyna & Balatti, Mirco & Dimitrov, Ivan & Groß, Johannes & Kleemann, Michael & Reichenbachas, Tomas & Sanna, Francesco & Sarychev, Andrei & Siņenko, Nadežda & Volk, Matjaz, 2020. "Banking euro area stress test model," Working Paper Series 2469, European Central Bank.
    4. León-Ledesma, Miguel & Orrillo, Jaime, 2021. "Production, bankruptcy, and financial policies under collateral constraints," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 109-119.
    5. Sophocles N. Brissimis & Michalis‐Panayiotis Papafilis, 2025. "The Credit Channel of Monetary Transmission in the US: Is It a Bank Lending Channel, a Balance Sheet Channel or Both or Neither?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(4), pages 3521-3534, October.
    6. Phurichai Rungcharoenkitkul & Claudio Borio & Piti Disyatat Author-X-Name_First: Piti, 2019. "Monetary policy hysteresis and the financial cycle," BIS Working Papers 817, Bank for International Settlements.
    7. Funke, Michael & Kirkby, Robert & Mihaylovski, Petar, 2018. "House prices and macroprudential policy in an estimated DSGE model of New Zealand," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 152-171.
    8. Alexey Ponomarenko & Anna Rozhkova & Sergei Seleznev, 2017. "Macro-financial linkages: the role of liquidity dependence," Bank of Russia Working Paper Series wps24, Bank of Russia.
    9. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Elena Deryugina & Alexey Ponomarenko, 2021. "Explaining the lead–lag pattern in the money–inflation relationship: a microsimulation approach," Journal of Evolutionary Economics, Springer, vol. 31(4), pages 1113-1128, September.
    11. Fernández de Guevara, Juan & Maudos, Joaquín & Salvador, Carlos, 2021. "Effects of the degree of financial constraint and excessive indebtedness on firms’ investment decisions," Journal of International Money and Finance, Elsevier, vol. 110(C).
    12. François-Éric Racicot & William F Rentz & David Tessier & Raymond Théoret, 2019. "The conditional Fama-French model and endogenous illiquidity: A robust instrumental variables test," PLOS ONE, Public Library of Science, vol. 14(9), pages 1-26, September.
    13. Nazim Kadri Ekinci, 2018. "Credit, Capital Flows and Monetary Policy: A Post-Keynesian Analysis," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(2), pages 55-74, December.
    14. Alain Kabundi & Asithandile Mbelu, 2021. "Estimating a time-varying financial conditions index for South Africa," Empirical Economics, Springer, vol. 60(4), pages 1817-1844, April.
    15. Daniela ANTONESCU & Ioana Cristina FLORESCU, 2025. "Theoretical Approaches To Urban Resilience," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 11(1), pages 118-143, June.
    16. Abdoulaye Millogo, 2020. "Hysteresis Effects and Macroeconomics Gains from Unconventional Monetary Policies Stabilization," Cahiers de recherche 20-12, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    17. Filardo, Andrew & Hubert, Paul & Rungcharoenkitkul, Phurichai, 2022. "Monetary policy reaction function and the financial cycle," Journal of Banking & Finance, Elsevier, vol. 142(C).
    18. von Campe, Roland, 2024. "Unconventional monetary policy, financial frictions, and the equity tandem," Journal of Macroeconomics, Elsevier, vol. 79(C).
    19. Greg Farrell & Esti Kemp, 2020. "Measuring the Financial Cycle in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 88(2), pages 123-144, June.
    20. Naga Pillada & Sangeetha Rangasamy, 2023. "An empirical investigation of investor sentiment and volatility of realty sector market in India: an application of the DCC–GARCH model," SN Business & Economics, Springer, vol. 3(2), pages 1-16, February.
    21. Dutra, Tiago Mota & Dias, José Carlos & Teixeira, João C.A., 2022. "Measuring financial cycles: Empirical evidence for Germany, United Kingdom and United States of America," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 599-630.
    22. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
    23. Kirchner Philipp, 2020. "On Shadow Banking and Financial Frictions in DSGE Modeling," Review of Economics, De Gruyter, vol. 71(2), pages 101-133, August.
    24. Michał Brzoza-Brzezina & Jacek Suda, 2021. "Are DSGE models irreparably flawed?," Bank i Kredyt, Narodowy Bank Polski, vol. 52(3), pages 227-252.

  34. Stijn Claessens & M Ayhan Kose, 2017. "Asset prices and macroeconomic outcomes: a survey," BIS Working Papers 676, Bank for International Settlements.

    Cited by:

    1. Tamgac, Unay, 2021. "Emerging market exchange rates during quantitative tapering: The effect of US and domestic news," Research in International Business and Finance, Elsevier, vol. 57(C).
    2. Mesly, Olivier & Chkir, Imed & Racicot, François-Éric, 2019. "Predatory cells and puzzling financial crises: Are toxic products good for the financial markets?," Economic Modelling, Elsevier, vol. 78(C), pages 11-31.
    3. Moramarco, Graziano, 2024. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," International Journal of Forecasting, Elsevier, vol. 40(2), pages 777-795.
    4. Gülden Poyraz & Ahmet İncekara, 2021. "On Determinants of Exchange Market Pressure in Turkey: The Role of Model Uncertainty," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 63(63), pages 199-211, June.
    5. Amat Adarov, 2022. "Financial cycles around the world," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3163-3201, July.
    6. Alena Audzeyeva & Xu Wang, 2023. "Fundamentals, real-time uncertainty and CDS index spreads," Review of Quantitative Finance and Accounting, Springer, vol. 61(1), pages 1-33, July.
    7. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    8. Wang, Bo & Xiao, Yang, 2023. "The term effect of financial cycle variables on GDP growth," Journal of International Money and Finance, Elsevier, vol. 139(C).
    9. Ibhagui, Oyakhilome, 2021. "How do sovereign risk, equity and foreign exchange derivatives markets interact?," Economic Modelling, Elsevier, vol. 97(C), pages 58-78.
    10. Łukasz Rachel & Lawrence H. Summers, 2019. "On Secular Stagnation in the Industrialized World," NBER Working Papers 26198, National Bureau of Economic Research, Inc.
    11. Adeniyi Adeosun, Opeoluwa & Anagreh, Suhaib & Tabash, Mosab I. & Adedokun, Adebayo, 2023. "Revisiting the connectedness between oil prices and uncertainty indicators in BRICS countries," Resources Policy, Elsevier, vol. 86(PA).
    12. Allegret, Audrey & Allegret, Jean-Pierre & Ibrahim, Dalia, 2023. "Financial asymmetries between Euro area and the United States: An international political economy perspective," Journal of Policy Modeling, Elsevier, vol. 45(2), pages 266-285.
    13. Adarov, Amat, 2021. "Dynamic interactions between financial cycles, business cycles and macroeconomic imbalances: A panel VAR analysis," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 434-451.
    14. Anastasios Evgenidis & Anastasios G. Malliaris, 2020. "To Lean Or Not To Lean Against An Asset Price Bubble? Empirical Evidence," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1958-1976, October.
    15. Anwar, Cep Jandi, 2021. "Heterogeneity Effect of Central Bank Independence on Asset Prices: Evidence from Selected Developing Countries," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(2), pages 65-80.
    16. Amat Adarov, 2023. "Financial cycles in Europe: dynamics, synchronicity and implications for business cycles and macroeconomic imbalances," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(2), pages 551-583, May.
    17. Amat Adarov, 2019. "Dynamic Interactions Between Financial and Macroeconomic Imbalances: A Panel VAR Analysis," wiiw Working Papers 162, The Vienna Institute for International Economic Studies, wiiw.
    18. Huong Dao Thi & Theanh Nguyen, 2024. "Bank-Specific Factors Influencing the Profitability of Listed Commercial Banks in Vietnam," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 16(2), pages 469-488.
    19. Cep Jandi Anwar & Indra Suhendra, 2023. "Measuring Response of Stock Market to Central Bank Independence Shock," SAGE Open, , vol. 13(1), pages 21582440231, February.

  35. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2017. "How Important are Spillovers from Major Emerging Markets?," CEPR Discussion Papers 12022, C.E.P.R. Discussion Papers.

    Cited by:

    1. Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020. "Global macro-financial cycles and spillovers," CAMA Working Papers 2020-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Balatti Mozzanica, Mirco & Kose, Ayhan & Mckinnon, Kate Frances & Palombo, Edoardo & Sugawara, Naotaka & Verduzco Bustos, Guillermo & Vorisek, Dana, 2025. "From Tailwinds to Headwinds : Emerging and Developing Economies in the Twenty-First Century," Policy Research Working Paper Series 11169, The World Bank.
    3. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019. "Global Inflation Synchronization," CEPR Discussion Papers 13600, C.E.P.R. Discussion Papers.
    4. Le Thi Minh Huong, 2024. "The contagion between stock markets: evidence from Vietnam and Asian emerging stocks in the context of COVID-19 Pandemic," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 17(1), pages 78-94, January.
    5. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    6. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2023. "Potential Growth Prospects: Risks, Rewards, and Policies," Koç University-TUSIAD Economic Research Forum Working Papers 2303, Koc University-TUSIAD Economic Research Forum.
    7. Umar, Zaghum & Manel, Youssef & Riaz, Yasir & Gubareva, Mariya, 2021. "Return and volatility transmission between emerging markets and US debt throughout the pandemic crisis," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    8. Gong, Yuting & He, Zhongzhi & Xue, Wenjun, 2022. "EPU spillovers and stock return predictability: A cross-country study," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 78(C).
    9. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    10. Pankhuri Sein & Ash Narayan Sah, 2025. "Export dynamics, exchange rate volatility, and economic stability: evidence from Asia-Pacific economies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-14, December.
    11. Dang, Tam Hoang Nhat & Balli, Faruk & Balli, Hatice Ozer & Gabauer, David & Nguyen, Thi Thu Ha, 2024. "Sectoral uncertainty spillovers in emerging markets: A quantile time–frequency connectedness approach," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 121-139.
    12. Zhizhen Chen & Guifen Shi & Boyang Sun, 2024. "Cross-border spillovers in G20 sovereign CDS markets: cluster analysis based on K-means machine learning algorithm and TVP–VAR models," Empirical Economics, Springer, vol. 67(6), pages 2463-2502, December.
    13. World Bank Group, 2018. "Global Economic Prospects, June 2018," World Bank Publications - Books, The World Bank Group, number 29801.
    14. Yuting Gong & Zhongzhi He & Wenjun Xue, 2023. "EPU spillovers and sovereign CDS spreads: A cross‐country study," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 43(12), pages 1770-1806, December.
    15. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    16. Kajal Lahiri & Yongchen Zhao, 2018. "International Propagation of Shocks: A Dynamic Factor Model Using Survey Forecasts," Working Papers 2018-04, Towson University, Department of Economics, revised Sep 2018.
    17. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    18. Pierre-Richard Agénor & Luiz Awazu Pereira da Silva, 2018. "Financial spillovers, spillbacks, and the scope for international macroprudential policy coordination," BIS Papers, Bank for International Settlements, number 97.
    19. İpek, İlayda & Bıçakcıoğlu-Peynirci, Nilay, 2020. "Export market orientation: An integrative review and directions for future research," International Business Review, Elsevier, vol. 29(4).
    20. Mariko Tanaka & Shin-ichi Fukuda, 2019. "Spillover Effects of Asian Financial Markets on the Global Markets," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 15(1), pages 151-174, July.
    21. Lingui Qin & Syed Raheem & Muntasir Murshed & Xu Miao & Zeeshan Khan & Dervis Kirikkaleli, 2021. "Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1138-1154, November.
    22. Apostolos Serletis & Nahiyan Faisal Azad, 2020. "Emerging Market Volatility Spillovers," The American Economist, Sage Publications, vol. 65(1), pages 78-87, March.
    23. Ekeocha, Patterson & Ogbuabor, Jonathan, 2020. "Measuring and Evaluating the Dynamics of Trade Shock Propagation in the Oceania," Conference papers 333234, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    24. Gong, Yuting & Li, Xiao & Xue, Wenjun, 2023. "The impact of EPU spillovers on the bond market volatility: Global evidence," Finance Research Letters, Elsevier, vol. 55(PB).
    25. Dieppe, Alistair & Gilhooly, Robert & Han, Jenny & Korhonen, Iikka & Lodge, David, 2018. "The transition of China to sustainable growth – implications for the global economy and the euro area," Occasional Paper Series 206, European Central Bank.
    26. Ashima Goyal & Krittika Banerjee, 2019. "How far is the Indian nominal exchange rate from equilibrium?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-030, Indira Gandhi Institute of Development Research, Mumbai, India.
    27. Hanif, Waqas & Hadhri, Sinda & El Khoury, Rim, 2024. "Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers," Journal of Commodity Markets, Elsevier, vol. 34(C).
    28. Gong, Yuting & He, Zhongzhi & Xue, Wenjun, 2025. "EPU spillovers and exchange rate volatility," International Review of Financial Analysis, Elsevier, vol. 97(C).
    29. Wheeler,Collette Mari & Baffes,John & Kabundi,Alain Ntumba & Kindberg-Hanlon,Gene & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte, 2020. "Adding Fuel to the Fire : Cheap Oil during the COVID-19 Pandemic," Policy Research Working Paper Series 9320, The World Bank.
    30. Szafranek, Karol, 2021. "Disentangling the sources of inflation synchronization. Evidence from a large panel dataset," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 229-245.
    31. Baffes,John & Kabundi,Alain Ntumba & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte, 2018. "The role of major emerging markets in global commodity demand," Policy Research Working Paper Series 8495, The World Bank.
    32. Bayramov, Vugar & Rustamli, Nabi & Abbas, Gulnara, 2020. "Collateral damage: The Western sanctions on Russia and the evaluation of implications for Russia’s post-communist neighbourhood," International Economics, Elsevier, vol. 162(C), pages 92-109.
    33. Mihajlo Jakovljevic & Paula Odete Fernandes & João Paulo Teixeira & Nemanja Rancic & Yuriy Timofeyev & Vladimir Reshetnikov, 2019. "Underlying Differences in Health Spending Within the World Health Organisation Europe Region—Comparing EU15, EU Post-2004, CIS, EU Candidate, and CARINFONET Countries," IJERPH, MDPI, vol. 16(17), pages 1-15, August.
    34. Abinzano, Isabel & Martinez, Beatriz & Poletti-Hughes, Jannine, 2023. "Women in power with power: The influence of meaningful board representation on default risk," International Review of Financial Analysis, Elsevier, vol. 89(C).

  36. Kose, M. Ayhan & Arteta, Carlos & Stocker, Marc & Taskin, Temel, 2016. "Negative Interest Rate Policies: Sources and Implications," CEPR Discussion Papers 11433, C.E.P.R. Discussion Papers.

    Cited by:

    1. Christian Pfister & Jean-Guillaume Sahuc, 2020. "Unconventional Monetary Policies: A Stock-Taking Exercise," Post-Print hal-02911648, HAL.
    2. Kerry Liu, 2020. "Hong Kong: Inevitably irrelevant to China?," Economic Affairs, Wiley Blackwell, vol. 40(1), pages 2-23, February.
    3. Stefan Angrick & Naoko Nemoto, 2017. "Central Banking below Zero: The Implementation of Negative Interest Rate Policies in Europe and Japan," ADBI Working Papers 740, Asian Development Bank Institute.
    4. Andreeva, Desislava & Coman, Andra & Everett, Mary & Froemel, Maren & Ho, Kelvin & Lloyd, Simon & Meunier, Baptiste & Pedrono, Justine & Reinhardt, Dennis & Wong, Andrew & Wong, Eric & Żochowski, Dawi, 2023. "Negative rates, monetary policy transmission and cross-border lending via international financial centres," Working Paper Series 2775, European Central Bank.
    5. Phil Molyneux & Rue Xie & John Thornton & Alessio Reghezza, 2017. "Did Negative Interest Rates Impact Bank Lending?," Working Papers 17002, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    6. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    7. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    8. Gokhan Sahin Gunes & Sumru Oz, 2016. "Response of Turkish Financial Markets to Negative Interest Rate Announcements of the ECB," Koç University-TUSIAD Economic Research Forum Working Papers 1614, Koc University-TUSIAD Economic Research Forum.
    9. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Dominika Kolcunova & Tomas Havranek, 2018. "Estimating the Effective Lower Bound for the Czech National Bank’s Policy Rate," Working Papers IES 2018/22, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Sep 2018.
    11. Molyneux, Philip & Reghezza, Alessio & Xie, Ru, 2019. "Bank margins and profits in a world of negative rates," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
    12. Shunsuke Haba & Yuichiro Ito & Yoshiyasu Kasai, 2025. "The Impact of Negative Interest Rate Policy on Interest Rate Formation and Lending," Bank of Japan Working Paper Series 25-E-1, Bank of Japan.
    13. Anand, Abhishek & Chakraborty, Lekha, 2020. "Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation," Working Papers 20/307, National Institute of Public Finance and Policy.
    14. Rahab Wanjiku Kinuthia & Peter Omboto & Hilary Ndambiri, 2025. "Fiscal Sustainability in Sub-Saharan Africa: The Effects of Climate Change, Institutional Quality, Foreign Exchange Rate and Foreign Direct Investment," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(6), pages 1825-1842, June.
    15. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    16. Petr Wawrosz & Semen Traksel, 2023. "Negative Interest Rates and Its Impact on GDP, FDI and Banks’ Financial Performance: The Cases of Switzerland and Sweden," IJFS, MDPI, vol. 11(2), pages 1-23, May.
    17. Thornton, John & Vasilakis, Chrysovalantis, 2019. "Negative policy interest rates and exchange rate behavior: Further results," Finance Research Letters, Elsevier, vol. 29(C), pages 61-67.
    18. Thornton, John & di Tommaso, Caterina, 2018. "Unconventional monetary policy and the ‘currency wars’," Finance Research Letters, Elsevier, vol. 26(C), pages 250-254.
    19. M. Ayhan Kose & Csilla Lakatos & Franziska Ohnsorge & Marc Stocker, 2017. "The Global Role of the U.S. Economy: Linkages, Policies and Spillovers," Koç University-TUSIAD Economic Research Forum Working Papers 1706, Koc University-TUSIAD Economic Research Forum.
    20. Bank for International Settlements, 2019. "Unconventional monetary policy tools: a cross-country analysis," CGFS Papers, Bank for International Settlements, number 63, december.
    21. Andrew K. Rose, 2021. "Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(5), pages 1079-1096, August.
    22. Lopez, Jose A. & Rose, Andrew K. & Spiegel, Mark M., 2020. "Why have negative nominal interest rates had such a small effect on bank performance? Cross country evidence," European Economic Review, Elsevier, vol. 124(C).
    23. Philip Molyneux & Alessio Reghezza & Ru Xie, 2018. "Bank Profits and Margins in a World of Negative Rates," Working Papers 18001, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    24. Christian A. Conrad, 2019. "The Effects on Investment Behavior of Zero Interest Rate Policy¡ªEvidence From a Roulette Experiment," Applied Economics and Finance, Redfame publishing, vol. 6(4), pages 18-27, July.
    25. Takayasu Ito, 2017. "Do monetary policy expectations influence transmission mechanism of Danish interbank market under the negative interest rate policy?," International Journal of Bonds and Derivatives, Inderscience Enterprises Ltd, vol. 3(3), pages 223-234.
    26. Toni Brown & Aleksandar Vasilev, 2022. "Analysis of Negative Interest Rate Policies and Their Impact on Global Financial Markets – A Review of Relevant Literature," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 1-14, December.
    27. Moid U. Ahmad & Hetti Arachchige Gamini Premaratne, 2018. "Effect of Low and Negative Interest Rates: Evidence from Indian and Sri Lankan Economies," Business Perspectives and Research, , vol. 6(2), pages 90-99, July.
    28. M. de Sola Perea & M. Kasongo Kashama, 2017. "The negative interest rate policy in the euro area and the supply of bank loans," Economic Review, National Bank of Belgium, issue iii, pages 42-61, december.
    29. Stefan Angrick & Naoko Nemoto, 2017. "Central banking below zero: the implementation of negative interest rates in Europe and Japan," Asia Europe Journal, Springer, vol. 15(4), pages 417-443, December.
    30. Phil Molyneux & Alessio Reghezza & John Thornton & Ru Xie, 2020. "Did Negative Interest Rates Improve Bank Lending?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(1), pages 51-68, February.
    31. Ugo Panizza & Charles Wyplosz, 2018. "The Folk Theorem of Decreasing Effectiveness of Monetary Policy: What Do the Data Say?," Russian Journal of Money and Finance, Bank of Russia, vol. 77(1), pages 71-107, March.
    32. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    33. Zura Kakushadze & Willie Yu, 2019. "iCurrency?," Papers 1911.01272, arXiv.org, revised Nov 2019.
    34. Jens Eisenschmidt & Frank Smets, 2019. "Negative Interest Rates: Lessons from the Euro Area," Central Banking, Analysis, and Economic Policies Book Series, in: Álvaro Aguirre & Markus Brunnermeier & Diego Saravia (ed.),Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, edition 1, volume 26, chapter 2, pages 013-042, Central Bank of Chile.
    35. Christopher J. Neely, 2020. "Negative U.S. Interest Rates?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 4, February.
    36. López-Penabad, Maria Celia & Iglesias-Casal, Ana & Silva Neto, José Fernando, 2022. "Effects of a negative interest rate policy in bank profitability and risk taking: Evidence from European banks," Research in International Business and Finance, Elsevier, vol. 60(C).
    37. Milan Šimáček, 2021. "Transmise měnové politiky a spodní efektivní hranice měnověpolitické úrokové sazby [Monetary Policy Transmission and Effective Lower Limit of Monetary Policy Interest Rates]," Politická ekonomie, Prague University of Economics and Business, vol. 2021(2), pages 227-253.
    38. Ad Van Riet, 2017. "The ECB’s Fight against Low Inflation: On the Effects of Ultra-Low Interest Rates," IJFS, MDPI, vol. 5(2), pages 1-27, April.

  37. Kose, M. Ayhan & Islamaj, Ergys, 2016. "How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence," CEPR Discussion Papers 11241, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ergys Islamaj & M. Ayhan Kose, 2016. "How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence," CAMA Working Papers 2016-22, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    3. Peter Fuleky & L Ventura & Qianxue Zhao, 2013. "Common Correlated Effects and International Risk Sharing," Working Papers 201315, University of Hawaii at Manoa, Department of Economics.
    4. Helena Chulià & Jorge M. Uribe, 2018. "“Together forever? Good and bad market volatility shocks and international consumption risk sharing: A tale of a sign”," IREA Working Papers 201809, University of Barcelona, Research Institute of Applied Economics, revised May 2018.
    5. Dovchinsuren, Khaliun, 2023. "How does excessive volatility of consumption vary across countries?," Japan and the World Economy, Elsevier, vol. 67(C).
    6. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, March.
    8. Franziska Bremus & Malte Rieth, 2023. "Integrating Out Natural Disaster Shocks," Discussion Papers of DIW Berlin 2063, DIW Berlin, German Institute for Economic Research.

  38. Kose, M. Ayhan & Didier, Tatiana & Ohnsorge, Franziska & Ye, Lei (Sandy), 2016. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," CEPR Discussion Papers 11065, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ansgar Belke & Christian Dreger & Irina Dubova, 2016. "On the exposure of the BRIC countries to global economic shocks," ROME Working Papers 201605, ROME Network.
    2. Lili Yan ING & Olivier CADOT & Shujiro URATA & Rizqy ANANDHIKA, 2016. "Non-tariff Measures in ASEAN: A Simple Proposal," Working Papers P183, FERDI.
    3. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Challenges of Fiscal Policy in Emerging and Developing Economies," CEPR Discussion Papers 11347, C.E.P.R. Discussion Papers.
    4. Huidrom,Raju & Kose,Ayhan & Ohnsorge,Franziska Lieselotte, 2017. "How important are spillovers from major emerging markets ?," Policy Research Working Paper Series 8093, The World Bank.
    5. M. Ayhan Kose & Franziska Ohnsorge, 2023. "Slowing Growth: More Than a Rough Patch," CAMA Working Papers 2023-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Akhilesh K. Verma & Rajeswari Sengupta, 2021. "Interlinkages between external debt financing, credit cycles and output fluctuations in emerging market economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(4), pages 965-1001, November.
    7. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    8. Carlos Arteta & M. Ayhan Kose & Marc Stocker & Temel Taskin, 2016. "Negative Interest Rate Policies: Sources and Implications," Koç University-TUSIAD Economic Research Forum Working Papers 1609, Koc University-TUSIAD Economic Research Forum.
    9. World Bank Group, 2017. "Global Economic Prospects, January 2017," World Bank Publications - Books, The World Bank Group, number 25823.
    10. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    11. Kajal Lahiri & Yongchen Zhao, 2018. "International Propagation of Shocks: A Dynamic Factor Model Using Survey Forecasts," Working Papers 2018-04, Towson University, Department of Economics, revised Sep 2018.
    12. Kose, M. Ayhan & Ohnsorge, Franziska & Ye, Lei (Sandy) & Islamaj, Ergys, 2017. "Weakness in Investment Growth: Causes, Implications and Policy Responses," CEPR Discussion Papers 11886, C.E.P.R. Discussion Papers.
    13. Stamm,Kersten Kevin & Vorisek,Dana Lauren, 2023. "The Global Investment Slowdown : Challenges and Policies," Policy Research Working Paper Series 10364, The World Bank.
    14. Szunomár, Ágnes, 2019. "A digitális nagy ugrás. Lassulás és modernizációs stratégiaváltás Kínában [The great digital leap. Deceleration and a change in modernisation strategy in China]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1312-1346.
    15. Emiliano Toni & Pablo Paniagua & Patricio 'Ordenes, 2024. "Policy Changes and Growth Slowdown: Assessing the Lost Decade of the Latin American Miracle," Papers 2407.02003, arXiv.org.
    16. Michael Murach & Helmut Wagner, 2021. "The effects of external shocks on the business cycle in China: A structural change perspective," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 681-702, August.
    17. Murach, Michael & Wagner, Helmut, 2019. "The effects of external shocks on the business cycle in China: A structural change perspective," CEAMeS Discussion Paper Series 1/2016, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2019.
    18. Baffes,John & Kabundi,Alain Ntumba & Nagle,Peter Stephen Oliver & Ohnsorge,Franziska Lieselotte, 2018. "The role of major emerging markets in global commodity demand," Policy Research Working Paper Series 8495, The World Bank.

  39. Supriyo De & Ergys Islamaj & M. Ayhan Kose & S. Reza Yousefi, 2016. "Remittances over the Business Cycle: Theory and Evidence," CAMA Working Papers 2016-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Immaculate Machasio & Peter Tillmann, 2021. "Remittance Flows and U.S. Monetary Policy," MAGKS Papers on Economics 202140, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Lisa Chauvet & Marin Ferry & Patrick Guillaumont & Sylviane Guillaumont Jeanneney & Sampawende J.-A. Tapsoba & Laurent Wagner, 2019. "Volatility widens inequality. Could aid and remittances help?," Post-Print hal-02276800, HAL.
    3. Ergys Islamaj & M. Ayhan Kose, 2021. "What types of capital flows help improve international risk sharing?," CAMA Working Papers 2021-96, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Anca Mehedintu & Georgeta Soava & Mihaela Sterpu, 2019. "The Effect of Remittances on Poverty in the Emerging Countries of the European Union," Sustainability, MDPI, vol. 11(12), pages 1-14, June.
    5. P. Jijin & Alok Kumar Mishra & M. Nithin, 2022. "Macroeconomic determinants of remittances to India," Economic Change and Restructuring, Springer, vol. 55(2), pages 1229-1248, May.
    6. Ms. Kimberly Beaton & Ms. Svetlana Cerovic & Misael Galdamez & Metodij Hadzi-Vaskov & Franz Loyola & Zsoka Koczan & Mr. Bogdan Lissovolik & Mr. Jan Kees Martijn & Ms. Yulia Ustyugova & Joyce Wong, 2017. "Migration and Remittances in Latin America and the Caribbean: Engines of Growth and Macroeconomic Stabilizers?," IMF Working Papers 2017/144, International Monetary Fund.
    7. Ms. Kimberly Beaton & Mr. Serhan Cevik & Mr. Seyed Reza Yousefi, 2017. "Smooth Operator: Remittances and Fiscal Shocks," IMF Working Papers 2017/165, International Monetary Fund.
    8. Uwem E. Uwah & Joseph O. Udoayang & Peter A. Uklala, 2022. "Post COVID-19 and the Acceptance of Financial Inclusion as a New Normal in Financial Transactions: Implications for Nigerian Accountants and Other Financial Service Providers," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 8(3), pages 193-214, July.
    9. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    10. Kabinet Kaba & Mahamat Moustapha, 2021. "Remittances and firm performance in sub-Saharan Africa : evidence from firm-level data," Working Papers hal-03515100, HAL.
    11. Biljana Tashevska & Daniela Bojadjieva & Gunter Merdzan, 2023. "The Effects Of Remittances On Poverty And Inequality Alleviation In Selected Central And South-East European Countries," Shaping Post-COVID World – Challenges for Economic Theory and Policy, in: Aleksandra Praščević & Miomir Jakšić & Mihail Arandarenko & Dejan Trifunović & Milutin Ješić (ed.),Shaping Post-COVID World – Challenges for Economic Theory and Policy, chapter 9, pages 183-207, Faculty of Economics and Business, University of Belgrade.
    12. Alessio Ciarlone, 2023. "Remittances in times of crisis: evidence from Italian corridors," Temi di discussione (Economic working papers) 1402, Bank of Italy, Economic Research and International Relations Area.
    13. Yingyi Wang & Md. Qamruzzaman & Ayesha Serfraz & Manickavasagam Theivanayaki, 2023. "Does Financial Deepening Foster Clean Energy Sustainability over Conventional Ones? Examining the Nexus between Financial Deepening, Urbanization, Institutional Quality, and Energy Consumption in Chin," Sustainability, MDPI, vol. 15(10), pages 1-28, May.
    14. Immaculate Machasio & Peter Tillmann, 2023. "Remittance flows and US monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 545-561, August.
    15. Md. Qamruzzaman, 2023. "Does Environmental Degradation-Led Remittances Flow? Nexus between Environmental Degradation, Uncertainty, Financial Inclusion and Remittances Inflows in India and China," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 9-26, March.
    16. Mondal, Ripon Kumar & Khanam, Rasheda, 2018. "The impacts of international migrants’ remittances on household consumption volatility in developing countries," Economic Analysis and Policy, Elsevier, vol. 59(C), pages 171-187.
    17. Beaton Kimberly & Cevik Serhan & Yousefi Seyed Reza, 2018. "Smooth operator: remittances and household consumption during fiscal shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-21, June.
    18. Zhang, Zuomin & Dai, Ling, 2023. "The bank loan distribution effect of government spending expansion: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    19. Dr Victor O. Okoye & Kenechukwu J. Nwisienyi, 2022. "Analysis of the Major Determinants of Remittances to Nigeria: 1990 – 2019," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(3), pages 69-76, March.
    20. Charles Mawusi & Mohamed Abdallah & Mazhar Mughal, 2022. "Does Economic Uncertainty Foster Migrant Remittances? A Macro-Perspective from 53 Developing Countries," Working Papers hal-03725386, HAL.
    21. Kijin Kim & Zemma Ardaniel & Aiko Kikkawa & Benjamin Endriga, 2022. "Bilateral Remittance Inflows to Asia and the Pacific: Countercyclicality and Motivations to Remit," ADBI Working Papers 1315, Asian Development Bank Institute.
    22. Das, Kirtiranjan & Sahoo, Manoranjan & Mohanty, Sarbeswar, 2024. "Asymmetric relationship between crude oil price and remittance inflows in a small island economy: Evidence from non-linear ARDL approach," Resources Policy, Elsevier, vol. 99(C).
    23. Anca Mehedintu & Georgeta Soava & Mihaela Sterpu, 2019. "Remittances, Migration and Gross Domestic Product from Romania’s Perspective," Sustainability, MDPI, vol. 12(1), pages 1-19, December.
    24. Kabinet Kaba & Mahamat Moustapha, 2021. "Remittances and firm performance in sub-Saharan Africa: evidence from firm-level data," Working Papers DT/2021/07, DIAL (Développement, Institutions et Mondialisation).
    25. MAWUSI, Charles, 2020. "Economic Uncertainty and Remittances Flow: Heterogeneity Matters," MPRA Paper 103097, University Library of Munich, Germany.
    26. Irfan Ahmad Shah, 2024. "The effect of remittances on the Indian economy," International Economics and Economic Policy, Springer, vol. 21(4), pages 771-785, October.
    27. Dzuranin, Ann C. & Jones, Janet R. & Olvera, Renee M., 2018. "Infusing data analytics into the accounting curriculum: A framework and insights from faculty," Journal of Accounting Education, Elsevier, vol. 43(C), pages 24-39.
    28. Georgeta Soava & Anca Mehedintu & Mihaela Sterpu & Mircea Raduteanu, 2020. "Impact of Employed Labor Force, Investment, and Remittances on Economic Growth in EU Countries," Sustainability, MDPI, vol. 12(23), pages 1-31, December.

  40. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Challenges of Fiscal Policy in Emerging and Developing Economies," CEPR Discussion Papers 11347, C.E.P.R. Discussion Papers.

    Cited by:

    1. Cani, Denisa & Kolaj, Rezear & Dimitrova, Svetla, . "Digital innovation in public policies: determinants of the acceptability of e-fiscalisation in agribusiness," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 11(2).
    2. Thomas Philippon & Francisco Roldán, 2018. "On the Optimal Speed of Sovereign Deleveraging with Precautionary Savings," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(2), pages 375-413, June.
    3. Sabaj, Ernil, 2018. "Cyclical Behavior of Fiscal Policy in the Western Balkans," MPRA Paper 84279, University Library of Munich, Germany.

  41. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Do Fiscal Multipliers Depend on Fiscal Positions?," CEPR Discussion Papers 11346, C.E.P.R. Discussion Papers.

    Cited by:

    1. Alexandra Fotiou & Ms. Wenyi Shen & Susan Yang Shu-Chun, 2020. "The Fiscal State-Dependent Effects of Capital Income Tax Cuts," IMF Working Papers 2020/071, International Monetary Fund.
    2. Fotiou, Alexandra, 2022. "Non-linearities in fiscal policy: The role of debt," European Economic Review, Elsevier, vol. 150(C).
    3. Jarmila Botev & Annabelle Mourougane, 2017. "Fiscal Consolidation: What Are the Breakeven Fiscal Multipliers?," CESifo Economic Studies, CESifo Group, vol. 63(3), pages 295-316.
    4. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Challenges of Fiscal Policy in Emerging and Developing Economies," CEPR Discussion Papers 11347, C.E.P.R. Discussion Papers.
    5. Gunter, Samara & Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2021. "Non-linear effects of tax changes on output: The role of the initial level of taxation," Journal of International Economics, Elsevier, vol. 131(C).
    6. Dobrota Gabriela & Popescu Anisia-Maria & Neacsu Alexandru Adrian, 2023. "An Empirical Study On Fiscal Policy And Economic Growth In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 32-39, December.
    7. Jair N. Ojeda-Joya & Oscar E. Guzman, 2017. "The Size of Fiscal Multipliers and the Stance of Monetary Policy in Developing Economies," IEER Working Papers 106, Institute of Empirical Economic Research, Osnabrueck University.
    8. World Bank, "undated". "South Asia Economic Focus, Fall 2018," World Bank Publications - Reports 30454, The World Bank Group.
    9. Prayudhi Azwar & Rod Tyers, 2016. "Post-GFC External Shocks and Indonesian Economic Performance," CAMA Working Papers 2016-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Gábor P. Kiss, 2020. "Aggregate Fiscal Stabilisation Policy: Panacea or Scapegoat?," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 19(2), pages 55-87.
    11. Makrelov, Konstantin & Arndt, Channing & Davies, Rob & Harris, Laurence, 2020. "Balance sheet changes and the impact of financial sector risk-taking on fiscal multipliers," Economic Modelling, Elsevier, vol. 87(C), pages 322-343.
    12. Robert C. M. Beyer & Lazar Milivojevic, 2021. "Fiscal policy and economic activity in South Asia," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 340-358, February.
    13. M. Ayhan Kose & Sergio Kurlat & Franziska Ohnsorge & Naotaka Sugawara, 2017. "A Cross-Country Database of Fiscal Space," CAMA Working Papers 2017-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. Konstantin Makrelov & Channing Arndt & Rob Davies & Laurence Harris, 2018. "Fiscal multipliers in South Africa: The importance of financial sector dynamics," WIDER Working Paper Series wp-2018-6, World Institute for Development Economic Research (UNU-WIDER).
    15. Cem Cebi & K. Azim Ozdemir, 2016. "Cyclical Variation of Fiscal Multiplier in Turkey," Working Papers 1619, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    16. International Monetary Fund, 2016. "Portugal: Ex Post Evaluation of Exceptional Access Under the 2011 Extended Arrangement-Press Release; Staff Report; and Authorities Views," IMF Staff Country Reports 2016/302, International Monetary Fund.
    17. Mr. Armand P Fouejieu & Mr. Sergio L. Rodriguez & Mr. Sohaib Shahid, 2018. "Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought," IMF Working Papers 2018/133, International Monetary Fund.
    18. Mindaugas Butkus & Diana Cibulskiene & Lina Garsviene & Janina Seputiene, 2021. "Empirical Evidence on Factors Conditioning the Turning Point of the Public Debt–Growth Relationship," Economies, MDPI, vol. 9(4), pages 1-22, December.
    19. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Benefits and Costs of Debt : The Dose Makes the Poison," Policy Research Working Paper Series 9166, The World Bank.
    20. Beck-Friis, Peder & Willems, Tim, 2017. "Dissecting fiscal multipliers under the fiscal theory of the price level," European Economic Review, Elsevier, vol. 95(C), pages 62-83.
    21. Maria Elkhdari & Moez Souissi & Mr. Andrew Jewell, 2018. "Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria," IMF Working Papers 2018/124, International Monetary Fund.
    22. Syed Sadaqat Ali Shah & Muhammad Asim Afridi, 2023. "Cyclical variation of fiscal multipliers in Caucasus and Central Asia economies: an empirical evidence," Economic Change and Restructuring, Springer, vol. 56(6), pages 4531-4563, December.
    23. Hjelm, Göran & Stockhammar, Pär, 2016. "Short Run Effects of Fiscal Policy on GDP and Employment: Swedish Evidence," Working Papers 147, National Institute of Economic Research.
    24. Thomas Philippon & Francisco Roldán, 2018. "On the Optimal Speed of Sovereign Deleveraging with Precautionary Savings," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(2), pages 375-413, June.
    25. Charles, Sébastien, 2019. "Le multiplicateur budgétaire endogène au cycle dans un modèle macroéconomique post-keynésien [The state-dependent fiscal Multiplier in a Post-Keynesian Macroeconomic Model]," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.

  42. Laura E. Jackson & M. Ayhan Kose & Christopher Otrok & Michael T. Owyang, 2015. "Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement," Working Papers 2015-31, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Balatti Mozzanica, Mirco & Kose, Ayhan & Mckinnon, Kate Frances & Palombo, Edoardo & Sugawara, Naotaka & Verduzco Bustos, Guillermo & Vorisek, Dana, 2025. "From Tailwinds to Headwinds : Emerging and Developing Economies in the Twenty-First Century," Policy Research Working Paper Series 11169, The World Bank.
    2. Jackson, Laura E. & Owyang, Michael T. & Zubairy, Sarah, 2018. "Debt and stabilization policy: Evidence from a Euro Area FAVAR," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 67-91.
    3. Poncela, Pilar & Ruiz, Esther & Miranda, Karen, 2021. "Factor extraction using Kalman filter and smoothing: This is not just another survey," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1399-1425.
    4. Catherine Doz & Peter Fuleky, 2020. "Dynamic Factor Models," Post-Print halshs-02491811, HAL.
    5. Shiyi Wang, 2019. "Capital Flow Volatility: The Effects of Financial Development and Global Financial Conditions," 2019 Papers pwa945, Job Market Papers.
    6. Petre Caraiani & Adrian Cantemir Călin, 2020. "Housing markets, monetary policy, and the international co‐movement of housing bubbles," Review of International Economics, Wiley Blackwell, vol. 28(2), pages 365-375, May.
    7. Gloria González-Rivera & Carlos Vladimir Rodríguez-Caballero & Esther Ruiz Ortega, 2021. "Expecting the unexpected: economic growth under stress," CREATES Research Papers 2021-06, Department of Economics and Business Economics, Aarhus University.
    8. Saban Nazlioglu & Sinem Pinar Gurel & Sevcan Gunes & Tugba Akin & Cagin Karul & Muhsin Kar, 2025. "Inflation co-movement: new insights from quantile factor model," Empirical Economics, Springer, vol. 69(1), pages 431-464, July.
    9. Beetsma, Roel & Cimadomo, Jacopo & van Spronsen, Josha, 2022. "One Scheme Fits All: A Central Fiscal Capacity for the EMU Targeting Eurozone, National and Regional Shocks," CEPR Discussion Papers 16829, C.E.P.R. Discussion Papers.
    10. Raphael A. Auer & Andrei A. Levchenko & Philip Saure, 2017. "International Inflation Spillovers Through Input Linkages," Working Papers 655, Research Seminar in International Economics, University of Michigan.
    11. Shambaugh, Jay C. & Zhou, Hang, 2024. "Interest rates across the world: Global, regional, and idiosyncratic factors," Journal of Banking & Finance, Elsevier, vol. 163(C).
    12. Xufeng Jiang & Zelu Jia & Lefei Li & Tianhong Zhao, 2022. "Understanding Housing Prices Using Geographic Big Data: A Case Study in Shenzhen," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    13. Caraiani, Petre & Călin, Adrian Cantemir, 2024. "The comovement of bubbles’ responses to monetary policy shocks," The North American Journal of Economics and Finance, Elsevier, vol. 74(C).
    14. Harrison, James M., 2023. "Exploring 200 years of U.S. commodity market integration: A structural time series model approach," Explorations in Economic History, Elsevier, vol. 88(C).
    15. Krzysztof Beck & Karen Jackson, 2024. "International trade fluctuations: Global versus regional factors," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 57(1), pages 331-358, February.
    16. Krzysztof Beck & Piotr Stanek, 2019. "Globalization or Regionalization of Stock Markets? the Case of Central and Eastern European Countries," Eastern European Economics, Taylor & Francis Journals, vol. 57(4), pages 317-330, July.
    17. Beck, Krzysztof, 2021. "Why business cycles diverge? Structural evidence from the European Union," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    18. Klarl, Torben, 2018. "Housing is local: Applying a dynamic unobserved factor model for the Dutch housing market," Economics Letters, Elsevier, vol. 170(C), pages 79-84.
    19. Guðmundsson, Guðmundur Stefán & Brownlees, Christian, 2021. "Detecting groups in large vector autoregressions," Journal of Econometrics, Elsevier, vol. 225(1), pages 2-26.
    20. Guisinger, Amy Y. & Owyang, Michael T. & Soques, Daniel, 2024. "Industrial Connectedness and Business Cycle Comovements," Econometrics and Statistics, Elsevier, vol. 29(C), pages 132-149.
    21. Javier Maldonado & Esther Ruiz, 2021. "Accurate Confidence Regions for Principal Components Factors," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(6), pages 1432-1453, December.

  43. Carlos Arteta & M. Ayhan Kose & Franziska Ohnsorge & Marc Stocker, 2015. "The coming US interest rate tightening cycle: smooth sailing or stormy waters?," CAMA Working Papers 2015-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "Global Stagflation," Koç University-TUSIAD Economic Research Forum Working Papers 2204, Koc University-TUSIAD Economic Research Forum.
    2. Jonathan Scott Davis, 2017. "External debt and monetary policy autonomy," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 35(82), pages 53-63, April.
    3. Frankel, Jeffrey, 2016. "Globalization and Chinese Growth: Ends of Trends?," Working Paper Series 16-029, Harvard University, John F. Kennedy School of Government.
    4. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Challenges of Fiscal Policy in Emerging and Developing Economies," CEPR Discussion Papers 11347, C.E.P.R. Discussion Papers.
    5. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    6. Marfatia, Hardik A., 2020. "Investors’ risk perceptions in the US and global stock market integration," Research in International Business and Finance, Elsevier, vol. 52(C).
    7. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    8. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    9. Carlos Arteta & M. Ayhan Kose & Marc Stocker & Temel Taskin, 2016. "Negative Interest Rate Policies: Sources and Implications," Koç University-TUSIAD Economic Research Forum Working Papers 1609, Koc University-TUSIAD Economic Research Forum.
    10. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "From Low to High Inflation: Implications for Emerging Market and Developing Economies," Koç University-TUSIAD Economic Research Forum Working Papers 2202, Koc University-TUSIAD Economic Research Forum.
    11. Prayudhi Azwar & Rod Tyers, 2016. "Post-GFC External Shocks and Indonesian Economic Performance," CAMA Working Papers 2016-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    12. Agur, Itai & Chan, Melissa & Goswami, Mangal & Sharma, Sunil, 2019. "On international integration of emerging sovereign bond markets," Emerging Markets Review, Elsevier, vol. 38(C), pages 347-363.
    13. Stijn Claessens & M. Ayhan Kose, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CAMA Working Papers 2017-76, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    15. M. Ayhan Kose & Csilla Lakatos & Franziska Ohnsorge & Marc Stocker, 2017. "The Global Role of the U.S. Economy: Linkages, Policies and Spillovers," Koç University-TUSIAD Economic Research Forum Working Papers 1706, Koc University-TUSIAD Economic Research Forum.
    16. J. Scott Davis, 2016. "Economic fundamentals and monetary policy autonomy," Globalization Institute Working Papers 267, Federal Reserve Bank of Dallas.
    17. Franziska Ohnsorge & Shu Yu, 2017. "Recent Credit Surge in Historical Context," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-22, February.
    18. Koh,Wee Chian & Yu,Shu, 2020. "A Decade after the 2009 Global Recession : Macroeconomic and Financial Sector Policies," Policy Research Working Paper Series 9289, The World Bank.
    19. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.

  44. John Baffes & M. Ayhan Kose & Franziska Ohnsorge & Marc Stocker, 2015. "The great plunge in oil prices: causes, consequences, and policy responses," CAMA Working Papers 2015-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Maurizio Bussolo & Patrizia Luongo, 2020. "The distributive impact of terms of trade shocks: The case of the oil price changes in Russia," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 28(3), pages 487-513, July.
    2. Delle Chiaie, Simona & Ferrara, Laurent & Giannone, Domenico, 2018. "Common factors of commodity prices," Research Bulletin, European Central Bank, vol. 51.
    3. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "Global Stagflation," Koç University-TUSIAD Economic Research Forum Working Papers 2204, Koc University-TUSIAD Economic Research Forum.
    4. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska, 2021. "Inflation During the Pandemic: What Happened? What is Next?," MPRA Paper 108677, University Library of Munich, Germany.
    5. Olcay Yucel Culha & Mustafa Utku Ozmen & Erdal Yilmaz, 2015. "Petrol Fiyatlarinin Ihracat Uzerindeki Etkisi," CBT Research Notes in Economics 1510, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    6. Alain Kabundi & Franziska Ohnsorge, 2020. "Implications of Cheap Oil for Emerging Markets," CAMA Working Papers 2020-83, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Malanichev, A., 2018. "Modelling of Economic Oscillations of Shale Oil Production on the Basis of Analytical Solutions of a Differentiation Equation with a Retarded Argument," Journal of the New Economic Association, New Economic Association, vol. 38(2), pages 54-74.
    8. Peter Y. Jang & Mario G. Beruvides, 2020. "Time-Varying Influences of Oil-Producing Countries on Global Oil Price," Energies, MDPI, vol. 13(6), pages 1-22, March.
    9. World Bank Group, 2020. "Commodity Markets Outlook, April 2020," World Bank Publications - Books, The World Bank Group, number 33624.
    10. Alban Kitous & Kimon Keramidas & Toon Vandyck & Bert Saveyn, 2016. "Global Energy and Climate Outlook (GECO 2016) Road from Paris," JRC Research Reports JRC101899, Joint Research Centre.
    11. Jorge Toro & Aarón Garavito & David Camilo López & Enrique Montes, 2015. "El choque petrolero y sus implicaciones en la economía colombiana," Borradores de Economia 906, Banco de la Republica de Colombia.
    12. Ehouman, Yao Axel, 2021. "Dependence structure between oil price volatility and sovereign credit risk of oil exporters: Evidence using a copula approach," International Economics, Elsevier, vol. 168(C), pages 76-97.
    13. Punam Chuhan-Pole & Francisco H.G. Ferreira & Cesar Calderon & Luc Christiaensen & David Evans & Gerard Kambou & Sebastien Boreux & Vijdan Korman & Megumi Kubota & Mapi Buitano, "undated". "Africa's Pulse, April 2015," World Bank Publications - Reports 21736, The World Bank Group.
    14. Cervera, Ignacio & Figuerola-Ferretti, Isabel, 2024. "Credit risk and bubble behavior of credit default swaps in the corporate energy sector," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 702-731.
    15. Kamiar Mohaddes & Mehdi Raissi, 2016. "The U.S. Oil Supply Revolution and the Global Economy," Cambridge Working Papers in Economics 1605, Faculty of Economics, University of Cambridge.
    16. Zhang, Tong & Burke, Paul J., 2022. "The effect of gasoline prices on suburban housing values in China," China Economic Review, Elsevier, vol. 72(C).
    17. Haiyu Xie, 2021. "The Multiple Impacts of the COVID-19 Pandemic on China’s Oil Security and the Rising Green Opportunities," International Business Research, Canadian Center of Science and Education, vol. 14(12), pages 1-76, December.
    18. Razek, Noha & Galvani, Valentina & Rajan, Surya & McQuinn, Brian, 2023. "Can U.S. strategic petroleum reserves calm a tight market exacerbated by the Russia–Ukraine conflict?," Resources Policy, Elsevier, vol. 86(PB).
    19. William Godfred Cantah & Camara K Obeng & William G Brafu-Insaidoo, 2017. "Sources of oil price shocks and external balance in Ghana," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 5(4), pages 24-44, August.
    20. Umechukwu, Chisom & Olayungbo, D.O., 2022. "US oil supply shocks and economies of oil-exporting African countries: A GVAR-Oil Resource Analysis," Resources Policy, Elsevier, vol. 75(C).
    21. John Baffes & Alain Kabundi & Peter Nagle, 2022. "The role of income and substitution in commodity demand [Modelling OECD industrial energy demand: asymmetric price responses and energy-saving technical change]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 498-522.
    22. Kollmann, Robert & Giovannini, Massimo & Hohberger, Stefan & Ratto, Marco & Roeger, Werner & Vogel, Lukas, 2018. "Euro Area and U.S. External Adjustment: The Role of Commodity Prices and Emerging Market Shocks," CEPR Discussion Papers 13141, C.E.P.R. Discussion Papers.
    23. Monge, Manuel & Gil-Alana, Luis A. & Pérez de Gracia, Fernando, 2017. "U.S. shale oil production and WTI prices behaviour," Energy, Elsevier, vol. 141(C), pages 12-19.
    24. Figuerola-Ferretti, Isabel & McCrorie, J. Roderick & Paraskevopoulos, Ioannis, 2020. "Mild explosivity in recent crude oil prices," Energy Economics, Elsevier, vol. 87(C).
    25. Menounga, François Patrick & Manga Akoa, Armand, 2023. "Synchronisation cyclique globale entre les économies subsahariennes et les économies avancées [Cyclical Synchronization Between Sub-Saharan Economies and Advanced Economies]," MPRA Paper 117483, University Library of Munich, Germany.
    26. Patricia Renou-Maissant, 2019. "Is Oil Price Still Driving Inflation?," Post-Print hal-05021637, HAL.
    27. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2024. "Rate Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2402, Koc University-TUSIAD Economic Research Forum.
    28. Kose, M. Ayhan & Huidrom, Raju & Ohnsorge, Franziska, 2016. "Challenges of Fiscal Policy in Emerging and Developing Economies," CEPR Discussion Papers 11347, C.E.P.R. Discussion Papers.
    29. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019. "Global Inflation Synchronization," CEPR Discussion Papers 13600, C.E.P.R. Discussion Papers.
    30. Kose M. Ayhan & Ohnsorge Franziska & Sugawara Naotaka, 2022. "A Mountain of Debt: Navigating the Legacy of the Pandemic," Journal of Globalization and Development, De Gruyter, vol. 13(2), pages 233-268, December.
    31. Sajjad F Dizaji, 2024. "The impact of negative oil shocks on military spending and democracy in the oil states of the greater Middle East: Implications for the oil sanctions," Journal of Peace Research, Peace Research Institute Oslo, vol. 61(2), pages 197-213, March.
    32. Jongrim Ha & M. Ayhan Kose & Franziska L. Ohnsorge, 2019. "Understanding Inflation in Emerging and Developing Economies," CAMA Working Papers 2019-22, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    33. Fantazzini, Dean, 2016. "The Oil Price Crash in 2014/15: Was There a (Negative) Financial Bubble?," MPRA Paper 72094, University Library of Munich, Germany.
    34. Kamiar Mohaddes & M. Hashem Pesaran, 2016. "Oil Prices and the Global Economy: Is It Different This Time Around?," Working Papers 1052, Economic Research Forum, revised 10 2016.
    35. Ligia Alba Melo-Becerra & Jorge Enrique Ramos-Forero & Ligia Marcela Parrado-Galvis & Hector Manuel Zarate-Solano, 2016. "Bonanzas y crisis de la actividad petrolera y su efecto sobre la economía colombiana," Borradores de Economia 961, Banco de la Republica de Colombia.
    36. R W. Bentley & M. Mushalik & J. Wang, 2020. "The Resource-Limited Plateau in Global Conventional Oil Production: Analysis and Consequences," Biophysical Economics and Resource Quality, Springer, vol. 5(2), pages 1-22, June.
    37. Berk, Istemi & Çam, Eren, 2020. "The shift in global crude oil market structure: A model-based analysis of the period 2013–2017," Energy Policy, Elsevier, vol. 142(C).
    38. Florentina Paraschiv & Stine Marie Reese & Margrethe Ringkjøb Skjelstad, 2020. "Portfolio stress testing applied to commodity futures," Computational Management Science, Springer, vol. 17(2), pages 203-240, June.
    39. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    40. World Bank Group, 2017. "Gulf Economic Monitor, June 2017," World Bank Publications - Reports 27473, The World Bank Group.
    41. Daniel Santabárbara, 2017. "The oil market: recent developments and outlook," Economic Bulletin, Banco de España, issue SEP.
    42. Lu, Xunfa & He, Pengchao & Zhang, Zhengjun & Apergis, Nicholas & Roubaud, David, 2024. "Extreme co-movements between decomposed oil price shocks and sustainable investments," Energy Economics, Elsevier, vol. 134(C).
    43. World Bank Group, 2018. "Commodity Markets Outlook, April 2018," World Bank Publications - Books, The World Bank Group, number 29721.
    44. Behar, Alberto & Ritz, Robert A., 2017. "OPEC vs US shale: Analyzing the shift to a market-share strategy," Energy Economics, Elsevier, vol. 63(C), pages 185-198.
    45. Mendez Ramos,Fabian, 2020. "Sudden Influxes of Resource Wealth to the Economy : Avoiding"Dutch Disease"," Research and Policy Briefs 147609, The World Bank.
    46. Drachal, Krzysztof, 2021. "Forecasting selected energy commodities prices with Bayesian dynamic finite mixtures," Energy Economics, Elsevier, vol. 99(C).
    47. Chia-Lin Chang & Michael McAleer & Chien-Hsun Wang, 2016. "An Econometric Analysis of ETF and ETF Futures in Financial and Energy Markets using Generated Regressors," Tinbergen Institute Discussion Papers 16-052/III, Tinbergen Institute.
    48. Teti, Emanuele & Dallocchio, Maurizio & De Sanctis, Daniele, 2020. "Effects of oil price fall on the betas in the Unconventional Oil & Gas Industry," Energy Policy, Elsevier, vol. 144(C).
    49. Tatiana Didier & M. Ayhan Kose & Franziska Ohnsorge & Lei Sandy Ye, 2015. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," Koç University-TUSIAD Economic Research Forum Working Papers 1529, Koc University-TUSIAD Economic Research Forum.
    50. Wee Chian Koh & Shu Yu, 2021. "A Decade After the 2009 Global Recession: Macroeconomic Developments," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 1-24, June.
    51. Carlos Arteta & M. Ayhan Kose & Marc Stocker & Temel Taskin, 2016. "Negative Interest Rate Policies: Sources and Implications," Koç University-TUSIAD Economic Research Forum Working Papers 1609, Koc University-TUSIAD Economic Research Forum.
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  45. Claessens, Stijn & Kose, M. Ayhan & Laeven, Luc & Valencia, Fabian, 2013. "Understanding Financial Crises: Causes, Consequences, and Policy Responses," CEPR Discussion Papers 9310, C.E.P.R. Discussion Papers.

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    16. Yasin Mimir & Lorenzo Ricci, 2024. "Financial imbalances and macroeconomic tail risks: A structural regime-switching investigation," Working Papers 64, European Stability Mechanism, revised 15 Nov 2024.
    17. Faiez Ahmed Elneel & Abdullah Fahad AlMulhim‎, 2022. "The Effect of Oil Price Shocks on Saudi Arabia’s Economic Growth in the Light of Vision 2030 “A Combination of VECM and ARDL Models”," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 3401-3423, December.
    18. Stijn Claessens & M. Ayhan Kose, 2013. "Financial Crises: Review and Evidence," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(3), pages 1-23.
    19. Jameaba, Muyanja Ssenyonga, 2024. "Digitalization, Emerging Technologies, and Financial Stability: Challenges and Opportunities for the Indonesian Banking Sector and Beyond," MPRA Paper 126280, University Library of Munich, Germany, revised 26 Sep 2025.
    20. Friebel, Rocco & Yoo, Katelyn Jison & Maynou, Laia, 2022. "Opioid abuse and austerity: Evidence on health service use and mortality in England," Social Science & Medicine, Elsevier, vol. 298(C).
    21. Ouyang, Alice Y. & Wang, Jifan, 2022. "Shadow banking, macroprudential policy, and bank stability: Evidence from China’s wealth management product market," Journal of Asian Economics, Elsevier, vol. 78(C).
    22. ROTARU, Livia Maria, 2014. "The Financial Crisis – Explaining The Costs," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 187-193.
    23. Nerea San-Martín-Albizuri & Arturo Rodriguez-Castellanos, 2018. "Crises and unpredictability in developing countries," Third World Quarterly, Taylor & Francis Journals, vol. 39(1), pages 35-50, January.

  46. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok, 2013. "Regionalization vs. Globalization," CAMA Working Papers 2013-09, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    Cited by:

    1. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2014. "Uncertainty and Economic Activity: A Global Perspective," CESifo Working Paper Series 4736, CESifo.
    2. Tino Berger & Lorenzo Pozzi, 2016. "Is there really a Global Business Cycle? A Dynamic Factor Model with Stochastic Factor Selection," Tinbergen Institute Discussion Papers 16-088/VI, Tinbergen Institute.
    3. Keisuke Kondo, 2015. "Spatial Dependence in Regional Business Cycles: Evidence from Mexican States," Discussion Paper Series DP2015-27, Research Institute for Economics & Business Administration, Kobe University, revised Jun 2021.
    4. Mr. Romain A Duval & Mr. Kevin C Cheng & Kum Hwa Oh & Richa Saraf, 2014. "Trade Integration and Business Cycle Synchronization: A Reappraisal with Focus on Asia," IMF Working Papers 2014/052, International Monetary Fund.
    5. Ardelean, Adina & León-Ledesma, Miguel & Puzzello, Laura, 2024. "Growth volatility and trade: Market diversification vs. production specialization," Journal of Economic Behavior & Organization, Elsevier, vol. 225(C), pages 252-271.
    6. Fatma Pinar Erdem & Erdal Ozmen, 2014. "Exchange Rate Regimes and Business Cycles: An Empirical Investigation," ERC Working Papers 1404, ERC - Economic Research Center, Middle East Technical University, revised Jun 2014.
    7. Salzmann, Leonard, 2016. "The G7 business cycle in a globalized world," VfS Annual Conference 2016 (Augsburg): Demographic Change 145633, Verein für Socialpolitik / German Economic Association.
    8. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones, 2012. "Global House Price Fluctuations: Synchronization and Determinants," NBER Chapters, in: NBER International Seminar on Macroeconomics 2012, pages 119-166, National Bureau of Economic Research, Inc.
    9. Hideaki Hirata, 2014. "Preference Shocks, International Frictions, and International Business Cycles," Working Paper 164446, Harvard University OpenScholar.
    10. Aikaterini Karadimitropoulou, 2017. "Advanced economies and emerging markets: Dissecting the drivers of business cycle synchronization," University of East Anglia School of Economics Working Paper Series 2017-05, School of Economics, University of East Anglia, Norwich, UK..
    11. Ambrogio Cesa-Bianchi & Jean Imbs & Jumana Saleheen, 2016. "Finance and Synchronization," Discussion Papers 1622, Centre for Macroeconomics (CFM).
    12. Adina Ardelean & Miguel Leon-Ledesma & Laura Puzzello, 2017. "Industry Volatility and International Trade," Studies in Economics 1709, School of Economics, University of Kent.
    13. Berger, Tino & Everaert, Gerdie & Pozzi, Lorenzo, 2021. "Testing for international business cycles: A multilevel factor model with stochastic factor selection," Journal of Economic Dynamics and Control, Elsevier, vol. 128(C).
    14. Cesa-Bianchi, Ambrogio, 2013. "Housing cycles and macroeconomic fluctuations: A global perspective," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 215-238.
    15. M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
    16. Berger, Tino & Wortmann, Marcus, 2018. "Global vs. group-specific business cycles: The importance of defining the groups," University of Göttingen Working Papers in Economics 334, University of Goettingen, Department of Economics.
    17. Jorg Breitung & Sandra Eickmeier, 2014. "Analyzing Business and Financial Cycles Using Multi-Level Factor Models," CAMA Working Papers 2014-43, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    18. Lee, Jim, 2012. "Measuring business cycle comovements in Europe: Evidence from a dynamic factor model with time-varying parameters," Economics Letters, Elsevier, vol. 115(3), pages 438-440.
    19. Peter Fuleky & L Ventura & Qianxue Zhao, 2013. "Common Correlated Effects and International Risk Sharing," Working Papers 201315, University of Hawaii at Manoa, Department of Economics.
    20. Chen, Lurong & De Lombaerde, Philippe, 2014. "Testing the relationships between globalization, regionalization and the regional hubness of the BRICs," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 111-131.
    21. Ciccarelli, Matteo & Ortega, Eva & Valderrama, Maria Teresa, 2012. "Heterogeneity and cross-country spillovers in macroeconomic-financial linkages," Working Paper Series 1498, European Central Bank.
    22. Gomez, Charles J. & Herman, Andrew C. & Parigi, Paolo, 2020. "Moving more, but closer: Mapping the growing regionalization of global scientific mobility using ORCID," Journal of Informetrics, Elsevier, vol. 14(3).
    23. Aikaterini Karadimitropoulou & Miguel León-Ledesma, 2013. "World, Country, and Sector Factors in International Business Cycles," University of East Anglia Applied and Financial Economics Working Paper Series 045, School of Economics, University of East Anglia, Norwich, UK..
    24. Philippe Bacchetta & Eric van Wincoop, 2013. "The Great Recession: A Self-Fulfilling Global Panic," Swiss Finance Institute Research Paper Series 13-28, Swiss Finance Institute.
    25. Hideaki Hirata & Keisuke Otsu, 2011. "Accounting for the economic relationship between Japan and the Asian Tigers," Studies in Economics 1120, School of Economics, University of Kent.
    26. Kawasaki, Kentaro & Sato, Kiyotaka, 2021. "A new assessment of economic integration in East Asia: Application of an industry-specific G-PPP model," Japan and the World Economy, Elsevier, vol. 60(C).
    27. Carstensen, K. & Salzmann, L., 2017. "The G7 business cycle in a globalized world," Journal of International Money and Finance, Elsevier, vol. 73(PA), pages 134-161.
    28. Dalia S. Hakura, 2009. "Output Volatility in Emerging Market and Developing Countries: What Explains the “Great Moderation” of 1970-2003?," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 59(3), pages 229-254, August.
    29. Kamel GARFA, 2013. "Couplage Ou Découplage Des Cycles Économiques Des Mena : Une Approche En Termes De Modèle A Facteurs Dynamiques," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 38, pages 225-247.
    30. Ansgar Belke & Clemens Domnick & Daniel Gros, 2016. "Business cycle synchronization in the EMU: Core vs. periphery," ROME Working Papers 201608, ROME Network.
    31. Adina Ardelean & Miguel Leon-Ledesma & Laura Puzzello, 2022. "Growth Volatility and Trade: Market Diversification vs. Production Specialization," Monash Economics Working Papers 2022-11, Monash University, Department of Economics.
    32. Omoshoro-Jones, Oyeyinka Sunday & Bonga-Bonga, Lumengo, 2020. "Intra-regional spillovers from Nigeria and South Africa to the rest of Africa: New evidence from a FAVAR model," MPRA Paper 99514, University Library of Munich, Germany.
    33. Berger, Tino & Richter, Julia, 2017. "What has caused global business cycle decoupling: Smaller shocks or reduced sensitivity?," University of Göttingen Working Papers in Economics 300, University of Goettingen, Department of Economics.
    34. Greenwood-Nimmo, Matthew & Nguyen, Viet Hoang & Shin, Yongcheol, 2021. "Measuring the Connectedness of the Global Economy," International Journal of Forecasting, Elsevier, vol. 37(2), pages 899-919.
    35. Mark M. Spiegel, 2013. "Introduction: Asian Business Cycle Synchronization with the Global Economy," Pacific Economic Review, Wiley Blackwell, vol. 18(3), pages 318-320, August.
    36. Afonso, António & Morão, Hugo, 2024. "Commonalities and heterogeneity in the Iberian business cycle," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    37. Pagliacci, Carolina, 2019. "Dynamic credit convergence in CARD: The spreading of common shocks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).

  47. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.

    Cited by:

    1. Teuta ISMAILI-MUHARREMI, 2015. "Factors Affecting Current Account in the Balance of Payments of Selected Western Balkan Countries," The Journal of Accounting and Management, Danubius University of Galati, issue 3, pages 61-68, December.
    2. Shen, Chung-Hua & Lee, Yen Hsien & Wu, Meng-Wen & Guo, Na, 2016. "Does housing boom lead to credit boom or is it the other way around? The case of China," International Review of Economics & Finance, Elsevier, vol. 42(C), pages 349-367.
    3. Carbó-Valverde, Santiago & Cuadros-Solas, Pedro J. & Rodríguez-Fernández, Francisco, 2025. "Cryptocurrency ownership and cognitive biases in perceived financial literacy," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    4. Eric Tong, 2018. "Collateral crises and unemployment," New Zealand Economic Papers, Taylor & Francis Journals, vol. 52(1), pages 72-90, January.
    5. Alberto Manelli & Oscar Domenichelli & Martina Vallesi, 2014. "Learning from the financial crisis to achieve a sustainable agricultural system," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2014(1), pages 45-77.
    6. van Dijk, Mathijs A. & van Dalen, Hendrik P. & Hyde, Martin, 2020. "Who bears the brunt? The impact of banking crises on younger and older workers," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    7. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2017. "Faraway, so close : coupled climate and economic dynamics in an agent-based integrated assessment model," SciencePo Working papers Main hal-03458816, HAL.
    8. Daniela Marchettini & Mr. Rodolfo Maino, 2015. "Systemic Risk Assessment in Low Income Countries: Balancing Financial Stability and Development," IMF Working Papers 2015/190, International Monetary Fund.
    9. Daniel Levy & Tamir Mayer & Alon Raviv, 2020. "Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers," Working Papers hal-02488796, HAL.
    10. Christian Mulder & Roberto Perrelli & Manuel Duarte Rocha, 2016. "The Role of Bank and Corporate Balance Sheets on Early Warning Systems of Currency Crises—An Empirical Study," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(7), pages 1542-1561, July.
    11. Seung-Gwan Baek & Chi-Young Song, 2016. "On the Determinants of Surges and Stops in Foreign Loans: An Empirical Investigation," Open Economies Review, Springer, vol. 27(3), pages 405-445, July.
    12. Santana-Gallego, Maria & Pérez-Rodríguez, Jorge V., 2019. "International trade, exchange rate regimes, and financial crises," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 85-95.
    13. Clément Mathonnat & Alexandru Minea & Marcel Voia, 2022. "Does more finance lead to longer crises?," The World Economy, Wiley Blackwell, vol. 45(1), pages 111-135, January.
    14. Nguyen, Thanh Cong & Castro, Vítor & Wood, Justine, 2022. "A new comprehensive database of financial crises: Identification, frequency, and duration," Economic Modelling, Elsevier, vol. 108(C).
    15. Klaus Abberger & Biswa Nath Bhattacharyay & Chang Woon Nam & Gernot Nerb & Siegfried Schönherr, 2014. "How Can the Crisis Vulnerability of Emerging Economies Be Reduced?," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 65.
    16. Chopra, Monika & Mehta, Chhavi, 2022. "Is the COVID-19 pandemic more contagious for the Asian stock markets? A comparison with the Asian financial, the US subprime and the Eurozone debt crisis," Journal of Asian Economics, Elsevier, vol. 79(C).
    17. Wojtyna, Andrzej, . "Nowa faza dyskusji o kontroli międzynarodowych przepływów kapitału," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2017(6).
    18. Juan Francisco Martínez & José Miguel Matus & Daniel Oda, 2018. "Taxonomy of Chilean Financial Fragility Periods from 1975 to 2017," Working Papers Central Bank of Chile 822, Central Bank of Chile.
    19. Teuta Ismaili Muharremi, 2015. "Currency Crisis Revisited: A Literature Review," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(6), pages 117-124, December.
    20. Levy, Daniel & Mayer, Tamir & Raviv, Alon, 2022. "Economists in the 2008 Financial Crisis: Slow to See, Fast to Act," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi.
    21. Borsi, Mihály Tamás, 2018. "Credit contractions and unemployment," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
    22. Anca Ioana, Iacob (Troto), 2021. "Investor Sentiment - Theoretical Aspects And Practical Conclusions, In The Context Of The Pandemic Crisis," Management Strategies Journal, Constantin Brancoveanu University, vol. 51(1), pages 122-128.
    23. Kowalski, Tadeusz, 2013. "Globalization and Transformation in Central European Countries: The Case of Poland," MPRA Paper 59306, University Library of Munich, Germany.
    24. Tapfuiwa J Katsinde, 2024. "The Effects of Economic Instability on Secondary School Students in Zimbabwe: A Case of a Province," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 204-226, July.
    25. Amat Adarov, 2022. "Financial cycles around the world," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3163-3201, July.
    26. Adrian, Tobias & Borowiecki, Karol Jan & Tepper, Alexander, 2018. "A Leverage-Based Measure of Financial Stability," Discussion Papers on Economics 1/2018, University of Southern Denmark, Department of Economics.
    27. Balaga Mohana Rao & Puja Padhi, 2020. "Common Determinants of the Likelihood of Currency Crises in BRICS," Global Business Review, International Management Institute, vol. 21(3), pages 698-712, June.
    28. Luca Agnello & Vítor Castro & Ricardo M. Sousa, 2012. "What determines the duration of a fiscal consolidation program?," NIPE Working Papers 17/2012, NIPE - Universidade do Minho.
    29. Jéssica Fernanda Castaño Lavado & Miguel Ángel Morales Mosquera, 2015. "Revisión Metodológica de Índices de Precios de la Vivienda," Borradores de Economia 895, Banco de la Republica de Colombia.
    30. Cesar R. Van Der Laan & Marcos Tadeu C. Lélis & André Moreira Cunha, 2016. "External Capital Flows’ Management In The Great Recession: The Brazilian Experience (2007-2013)," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 035, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    31. Ross J. Hallren, 2015. "Quasi-experimental analysis of the impact of exchange rate regime selection on crisis recovery: evidence from the Asian Financial Crisis," Applied Economics Letters, Taylor & Francis Journals, vol. 22(8), pages 613-618, May.
    32. Honkapohja, Seppo, 2014. "Financial crises: Lessons from the Nordic experience," Journal of Financial Stability, Elsevier, vol. 13(C), pages 193-201.
    33. Seung-Gwan Baek & Chi-Young Song, 2019. "What Drives Stops in Cross-Border Bond Flows?," Sustainability, MDPI, vol. 11(14), pages 1-21, July.
    34. Hernik Joanna & Mazur Rafal & Minguez-Vera Antonio & Grinberga-Zalite Gunta & Bąk Iwona & Oesterreich Maciej, 2025. "Business Crises in Europe and Asia: The Role of Aggressive Expansion," International Journal of Contemporary Management, Sciendo, vol. 61(1), pages 1-18.
    35. Chukwuemeka Amaefule, 2020. "COVID-19 Lockdown, Slump in Global Oil price, and Policy Recovery Options: The Nigerian Experience," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(4), pages 180-187, April.
    36. Karina Bedrunka & Ireneusz Dąbrowski, 2022. "Recommendations for changes in the methodology of public EU funds allocation in the context of economic crises, including the COVID-19 pandemic," Bank i Kredyt, Narodowy Bank Polski, vol. 53(6), pages 605-624.
    37. Oussama Abi Younes & Leila Dagher & Ibrahim Jamali & Paul Makdissi, 2023. "Quantifying turbulence: Introducing a multi-crises impact index for Lebanon," Working Papers 2305E, University of Ottawa, Department of Economics.
    38. LUCHIAN, Ivan & FILIP, Angela, 2015. "Globalization As Financial Crises Premise," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 127-134.
    39. German Forero-Laverde, 2016. "Are All Booms and Busts Created Equal? A New Methodology for Understanding Bull and Bear Stock Markets," UB School of Economics Working Papers 2016/339, University of Barcelona School of Economics.
    40. J�ssica Fernanda Casta�o Lavado & Miguel �ngel Morales Mosquera, 2015. "Revisi�n Metodol�gica de �ndices de Precios de la Vivienda," Borradores de Economia 13317, Banco de la Republica.
    41. Drago, Danilo & Gallo, Raffaele, 2020. "The impact of financial crises on the syndicated loan spreads applied to public and private firms," Journal of Financial Stability, Elsevier, vol. 46(C).
    42. Puspa D. Amri & Thomas D. Willett, 2017. "Policy Inconsistencies and the Political Economy of Currency Crises," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-24, February.
    43. Tai-Hock Kuek & Chin-Hong Puah & M. Affendy Arip, 2019. "Predicting Financial Vulnerability in Malaysia: Evidence From the Signals Approach," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(3), pages 89-98, December.
    44. Edwin M. Truman, 2013. "Asian and European Financial Crises Compared," Working Paper Series WP13-9, Peterson Institute for International Economics.
    45. Franklin Amuakwa-Mensah & George Marbuah & Dinah Ani-Asamoah Marbuah, 2017. "Re-examining the Determinants of Non-Performing Loans in Ghana’s Banking Industry: Role of the 2007–2009 Financial Crisis," Journal of African Business, Taylor & Francis Journals, vol. 18(3), pages 357-379, July.
    46. Rajesh Sharma & Pradeep Kautish, 2020. "Linkages between Financial Development and Economic Growth in the Middle-Income Countries of South Asia: A Panel Data Investigation," Vision, , vol. 24(2), pages 140-150, June.
    47. Sabina Andreea Cazan, 2021. "The financial crisis: a history of the economic schools of thought," Journal of Financial Studies, Institute of Financial Studies, vol. 10(6), pages 48-57, May.
    48. Sun, Yunpeng & Gozgor, Giray & Lau, Chi Keung Marco & Soliman, Alaa M., 2025. "Inclusive finance and sustainability: The dynamic spillover effects of uncertainties on access to credit," Research in International Business and Finance, Elsevier, vol. 73(PA).
    49. Chung‐Hua Shen & Hsing‐Hua Hsu, 2022. "The determinants of Asian banking crises—Application of the panel threshold logit model," International Review of Finance, International Review of Finance Ltd., vol. 22(1), pages 248-277, March.
    50. Jin, Xiao & Lin, Shu-Ling, 2025. "An early prediction model on systemic risk under global risk: Using FinBERT and temporal fusion transformer to multimodal data fusion framework," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
    51. Rakesh Padhan & K. P. Prabheesh, 2019. "Effectiveness Of Early Warning Models: A Critical Review And New Agenda For Future Direction," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 22(4), pages 457-484, December.
    52. Nihat Tak & Adem Gök, 2022. "Dating currency crises and designing early warning systems: Meta‐possibilistic fuzzy index functions," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3773-3790, July.
    53. V. Arkhipova V. & В. Архипова В., 2016. "Влияние «Внезапных Остановок» Потоков Капитала На Национальную Экономику // The National Economy Is Affected By Sudden Stops In Capital Flows," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 20(5), pages 115-125.
    54. Inès Abdelkafi & Manel Zribi & Rochdi Feki, 2018. "New Classification of Developed and Emerging Countries Based on the Effects of Subprime Crises: Kohonen Map Method," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 908-927, September.
    55. Sherif, Mohamed & Chen, Jiaqi, 2019. "The quality of governance and momentum profits: International evidence," The British Accounting Review, Elsevier, vol. 51(5).
    56. Bryan Harcy & Can Sever, 2020. "Financial Crises and Innovation," BIS Working Papers 846, Bank for International Settlements.
    57. Patricia Palhau Mora, 2018. "The “Too Big to Fail” Subsidy in Canada: Some Estimates," Staff Working Papers 18-9, Bank of Canada.
    58. Huang, Chai Liang & Chang, Yu Ching, 2022. "Growth impact of equity market crises: A global perspective," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 153-176.
    59. Dieckelmann, Daniel, 2020. "Cross-border lending and the international transmission of banking crises," Discussion Papers 2020/13, Free University Berlin, School of Business & Economics.
    60. Beniamino Moro, 2013. "The Run On Repo and the Liquidity Shortage Problems of the Current Global Financial Crisis: Europe vs. The US," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 41-77, January.
    61. Perry Warjiyo, 2016. "Central Bank Policy Mix: Key Concepts and Indonesia’s Experience," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 18(4), pages 397-408, April.
    62. Grytten, Ola Honningdal & Koilo, Viktoriia, 2019. "The Financial Instability Hypothesis and the Financial Crisis in Eastern European Emerging Economies," Discussion Paper Series in Economics 8/2019, Norwegian School of Economics, Department of Economics.
    63. Drakos, Anastassios A. & Kouretas, Georgios P., 2015. "Bank ownership, financial segments and the measurement of systemic risk: An application of CoVaR," International Review of Economics & Finance, Elsevier, vol. 40(C), pages 127-140.
    64. Dungey, Mardi & Matei, Marius & Treepongkaruna, Sirimon, 2014. "Identifying periods of financial stress in Asian currencies: the role of high frequency financial market data," Working Papers 2014-12, University of Tasmania, Tasmanian School of Business and Economics.
    65. Brahim Gaies & Stéphane Goutte & Khaled Guesmi, 2018. "Banking crises in developing countries–What crucial role of exchange rate stability and external liabilities?," Post-Print halshs-02148916, HAL.
    66. Nguyen, Thi Tuyet Mai, 2017. "An examination of independent directors in Vietnam," OSF Preprints ay6dv, Center for Open Science.
    67. Benjamin Mögel & Benjamin R. Auer, 2018. "How accurate are modern Value-at-Risk estimators derived from extreme value theory?," Review of Quantitative Finance and Accounting, Springer, vol. 50(4), pages 979-1030, May.
    68. Benach, Joan & Padilla-Pozo, Álvaro & Martínez-Herrera, Eliana & Molina-Betancur, Juan Camilo & Gutiérrez, Manuela & Pericàs, Juan M. & Gutiérrez-Zamora Navarro, Mariana & Zografos, Christos, 2022. "What do we know about the impact of economic recessions on mortality inequalities? A critical review," Social Science & Medicine, Elsevier, vol. 296(C).
    69. Atsebi, Jean-Marc & Ligonnière, Samuel & Mathonnat, Clément, 2025. "Not all banking crises are alike: Assessing their distributional impacts relative to pre-crisis credit gaps," Journal of International Money and Finance, Elsevier, vol. 150(C).
    70. Shu-Ling Lin & Xiao Jin, 2023. "Does ESG Predict Systemic Banking Crises? A Computational Economics Model of Early Warning Systems with Interpretable Multi-Variable LSTM based on Mixture Attention," Mathematics, MDPI, vol. 11(2), pages 1-15, January.
    71. Balaga Mohana Rao & Puja Padhi, 2019. "Identifying the Early Warnings of Currency Crisis in India," Foreign Trade Review, , vol. 54(4), pages 269-299, November.
    72. Harald Uhlig, 2013. "Sovereign Default Risk and Banks in a Monetary Union," CESifo Working Paper Series 4368, CESifo.
    73. Antonio Bianco & Paolo M. Piacentini, 2013. "The sustainability of a creative-finance-led economy," Working papers wpaper07, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    74. Freire-González, Jaume & Canosa, Oliver, 2024. "Economic crises and energy use: An input–output analysis of Catalonia's 2008–2014 financial crisis," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 29(1), pages 185-203.
    75. Andry Alamsyah & Dian Puteri Ramadhani & Farida Titik Kristanti & Khairunnisa Khairunnisa, 2022. "Transaction Network Structural Shift under Crisis: Macro and Micro Perspectives," Economies, MDPI, vol. 10(3), pages 1-12, February.
    76. Nageri Kamaldeen Ibraheem & Abdulkadir Rihanat Idowu, 2019. "Is the Nigerian Stock Market Efficient? Pre and Post 2007-2009 Meltdown Analysis," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(3), pages 38-63, September.
    77. Alpaslan, Baris & Demirel, Baki, 2014. "Exchange Rate Pass-Through Effect on Prices and Inflation Targeting: A Comparison of Emerging Market Economies," MPRA Paper 53726, University Library of Munich, Germany.
    78. Leszek Lesniewski, 2015. "Gospodarki Danii, Finlandii i Szwecji a globalny kryzys finansowy / The Global Financial Crisis in Denmark, Finland and Sweden," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 9, pages 5-22, March.
    79. Raffaele Gallo, 2019. "The loan cost advantage of public firms and financial market conditions: evidence from the European syndicated loan market," Temi di discussione (Economic working papers) 1255, Bank of Italy, Economic Research and International Relations Area.
    80. Ogun, Oluremi & Makinde, Olutomilola, 2018. "Explaining Financial Crises in an African Open Economy," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 27(01), April.
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    99. Yu Zhang & Xiaosong Zheng, 2016. "A Study of Herd Behavior Based on the Chinese Stock Market," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(2), pages 131-135, May.
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    2. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2014. "Uncertainty and Economic Activity: A Global Perspective," CESifo Working Paper Series 4736, CESifo.
    3. Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020. "Global macro-financial cycles and spillovers," CAMA Working Papers 2020-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
    5. Jean-Louis Bago & Koffi Akakpo & Imad Rherrad & Ernest Ouédraogo, 2021. "Volatility Spillover and International Contagion of Housing Bubbles," JRFM, MDPI, vol. 14(7), pages 1-14, June.
    6. Scheufele, Rolf & Bäurle, Gregor, 2015. "Credit cycles and real activity - the Swiss case," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112931, Verein für Socialpolitik / German Economic Association.
    7. Aliman Mihai & Popa Radu, 2025. "House Price Determinants in the European Union: The Role of Macroprudential Policy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 19(1), pages 2802-2815.
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    11. Natalia S. Nikitina, 2022. "Прогнозирование Индекса Цен На Недвижимость В России," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 6, pages 23-28, June.
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    85. Sofoklis Vogiazas & Constantinos Alexiou, 2017. "Determinants of Housing Prices and Bubble Detection: Evidence from Seven Advanced Economies," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(1), pages 119-131, March.
    86. Paul Corrigan, 2017. "Terms-of-Trade and House Price Fluctuations: A Cross-Country Study," Staff Working Papers 17-1, Bank of Canada.
    87. Milcheva, Stanimira & Zhu, Bing, 2016. "Bank integration and co-movements across housing markets," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 148-171.
    88. Hurn, Stan & Shi, Shuping & Wang, Ben, 2022. "Housing networks and driving forces," Journal of Banking & Finance, Elsevier, vol. 134(C).
    89. Stenvall, David & Hedström, Axel & Yoshino, Naoyuki & Uddin, Gazi Salah & Taghizadeh-Hesary, Farhad, 2022. "Nonlinear tail dependence between the housing and energy markets," Energy Economics, Elsevier, vol. 106(C).
    90. Xi Chen & Michael Funke, 2013. "Renewed Momentum in the German Housing Market: Boom or Bubble?," CESifo Working Paper Series 4287, CESifo.
    91. Vipul Bhatt & N. Kundan Kishor, 2025. "(A)Synchronous Housing Markets of Global Cities," The Journal of Real Estate Finance and Economics, Springer, vol. 71(2), pages 178-208, August.
    92. Bhatt, Vipul & Kishor, N. Kundan, 2021. "(A)Synchronous Housing Markets of Global Cities," MPRA Paper 107175, University Library of Munich, Germany.
    93. Miles, William, 2017. "Has there actually been a sustained increase in the synchronization of house price (and business) cycles across countries?," Journal of Housing Economics, Elsevier, vol. 36(C), pages 25-43.
    94. Choi, Chi-Young & Hansz, J. Andrew, 2021. "From banking integration to housing market integration - Evidence from the comovement of U.S. Metropolitan House Prices," Journal of Financial Stability, Elsevier, vol. 54(C).
    95. Anh‐Tuan Doan & Anh‐Tuan Le & Quan Tran, 2020. "Economic uncertainty, ownership structure and small and medium enterprises performance," Australian Economic Papers, Wiley Blackwell, vol. 59(2), pages 102-137, June.
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  49. S. Boragan Aruoba & Mr. Marco Terrones & Mr. Ayhan Kose & Mr. Francis X. Diebold, 2011. "Globalization, the Business Cycle, and Macroeconomic Monitoring," IMF Working Papers 2011/025, International Monetary Fund.

    Cited by:

    1. Mr. Ron Alquist & Mr. Olivier Coibion, 2013. "The Comovement in Commodity Prices: Sources and Implications," IMF Working Papers 2013/140, International Monetary Fund.
    2. S. Boragan Aruoba & Cagri Sarikaya, 2013. "A Real Economic Activity Indicator for Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(1), pages 15-29.
    3. Francis X. Diebold & Kamil Yilmaz, 2013. "Measuring the Dynamics of Global Business Cycle Connectedness," PIER Working Paper Archive 13-070, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    4. Máximo Camacho & Matías Pacce & Gabriel Pérez-Quirós, 2020. "Spillover effects in international business cycles," Working Papers 2034, Banco de España.
    5. Camacho, Maximo & Martinez-Martin, Jaime, 2015. "Monitoring the world business cycle," Economic Modelling, Elsevier, vol. 51(C), pages 617-625.
    6. Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting: Why you Can Use the HP Filter," Cowles Foundation Discussion Papers 2212, Cowles Foundation for Research in Economics, Yale University.
    7. Mr. Maxym Kryshko, 2011. "Data-Rich DSGE and Dynamic Factor Models," IMF Working Papers 2011/216, International Monetary Fund.
    8. Barthélémy Bonadio & Zhen Huo & Andrei A. Levchenko & Nitya Pandalai-Nayar, 2023. "Globalization, Structural Change and International Comovement," NBER Working Papers 31358, National Bureau of Economic Research, Inc.
    9. Ron Alquist & Saroj Bhattarai & Olivier Coibion, 2014. "Commodity-Price Comovement and Global Economic Activity," NBER Working Papers 20003, National Bureau of Economic Research, Inc.
    10. Jason Angelopoulos & Costas I. Chlomoudis, 2017. "A Generalized Dynamic Factor Model for the U.S. Port Sector," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(1), pages 22-37, January-M.
    11. Kajal Lahiri & Yongchen Zhao, 2018. "International Propagation of Shocks: A Dynamic Factor Model Using Survey Forecasts," Working Papers 2018-04, Towson University, Department of Economics, revised Sep 2018.
    12. Roberto Golinelli & Giuseppe Parigi, 2013. "Tracking world trade and GDP in real time," Temi di discussione (Economic working papers) 920, Bank of Italy, Economic Research and International Relations Area.
    13. Andrés Fernández & Andres Gonzalez & Diego Rodriguez, 2015. "Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies," IMF Working Papers 2015/280, International Monetary Fund.
    14. Diebold, Francis X. & Yilmaz, Kamil, 2015. "Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring," OUP Catalogue, Oxford University Press, number 9780199338306.
    15. Pablo A. Cuba-Borda & Alexander Mechanick & Andrea Raffo, 2018. "Monitoring the World Economy: A Global Conditions Index," IFDP Notes 2018-06-15, Board of Governors of the Federal Reserve System (U.S.).
    16. In Choi & Dukpa Kim & Yun Jung Kim & Noh‐Sun Kwark, 2018. "A multilevel factor model: Identification, asymptotic theory and applications," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(3), pages 355-377, April.
    17. Adrian Chiu & Tomasz Wieladek, 2015. "Is the ‘Great Recession’ really so different from the past?," Discussion Papers 40, Monetary Policy Committee Unit, Bank of England.
    18. Gitanjali Kumar, 2013. "High-Frequency Real Economic Activity Indicator for Canada," Staff Working Papers 13-42, Bank of Canada.
    19. David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2011. "Measuring globalization: A hierarchical network approach," CREMA Working Paper Series 2011-11, Center for Research in Economics, Management and the Arts (CREMA).
    20. David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," CREMA Working Paper Series 2012-01, Center for Research in Economics, Management and the Arts (CREMA).
    21. Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting the Hodrick-Prescott Filter," Cowles Foundation Discussion Papers 2192, Cowles Foundation for Research in Economics, Yale University.
    22. Alessandro Borin & Riccardo Cristadoro & Roberto Golinelli & Giuseppe Parigi, 2012. "Forecasting world output: the rising importance of emerging economies," Temi di discussione (Economic working papers) 853, Bank of Italy, Economic Research and International Relations Area.
    23. Choi, Sung Hoon & Kim, Donggyu, 2023. "Large volatility matrix analysis using global and national factor models," Journal of Econometrics, Elsevier, vol. 235(2), pages 1917-1933.

  50. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2011. "Financial Cycles: What? How? When?," CEPR Discussion Papers 8379, C.E.P.R. Discussion Papers.

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    4. Strohsal, Till & Proaño, Christian R. & Wolters, Jürgen, 2015. "Characterizing the financial cycle: Evidence from a frequency domain analysis," Discussion Papers 22/2015, Deutsche Bundesbank.
    5. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    6. Adrian Pagan & Don Harding, 2011. "Econometric Analysis and Prediction of Recurrent Events," NCER Working Paper Series 75, National Centre for Econometric Research.
    7. Chen, Nan-Kuang & Cheng, Han-Liang, 2020. "A Study of Financial Cycles and the Macroeconomy in Taiwan," MPRA Paper 101296, University Library of Munich, Germany.
    8. Fabrizio Perri & Vincenzo Quadrini, 2011. "International Recessions," NBER Working Papers 17201, National Bureau of Economic Research, Inc.
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    11. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
    12. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    13. Hans Gersbach & Jean-Charles Rochet, 2012. "Aggregate Investment Externalities and Macroprudential Regulation," Swiss Finance Institute Research Paper Series 12-03, Swiss Finance Institute.
    14. Sarlin, Peter & Laina, Patrizio & Nyholm, Juho, 2015. "Leading indicators of systemic banking crises: Finland in a panel of EU countries," Working Paper Series 1758, European Central Bank.
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    2. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    3. Vithessonthi, Chaiporn & Tongurai, Jittima, 2016. "Financial markets development, business cycles, and bank risk in South America," Research in International Business and Finance, Elsevier, vol. 36(C), pages 472-484.
    4. Rünstler, Gerhard & Vlekke, Marente, 2016. "Business, housing and credit cycles," Working Paper Series 1915, European Central Bank.
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    6. Strohsal, Till & Proaño, Christian R. & Wolters, Jürgen, 2015. "Characterizing the financial cycle: Evidence from a frequency domain analysis," Discussion Papers 22/2015, Deutsche Bundesbank.
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  52. M. Ayhan Kose, 2011. "Review of “This Time is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff”," Koç University-TUSIAD Economic Research Forum Working Papers 1106, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Vuslat Us Alioglu, 2012. "Review of "This Time is Different : Eight Centuries of Financial Folly" by Carmen M. Reinhart and Kenneth S. Rogoff," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 12(1), pages 75-81.
    2. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2011. "How Do Business and Financial Cycles Interact?," CEPR Discussion Papers 8396, C.E.P.R. Discussion Papers.
    3. Ana Escribano & Cristina Íñiguez, 2021. "The contagion phenomena of the Brexit process on main stock markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4462-4481, July.
    4. Renée Fry-McKibbin & Cody Hsiao & Chrismin Tang, 2014. "Contagion and Global Financial Crises: Lessons from Nine Crisis Episodes," Open Economies Review, Springer, vol. 25(3), pages 521-570, July.
    5. Renée Fry & Cody Yu-Ling Hsiao & Chrismin Tang, 2011. "Actually This Time Is Different," CAMA Working Papers 2011-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

  53. Mr. Thomas Helbling & Mr. Ayhan Kose & Mr. Christopher Otrok & Raju Huidrom, 2010. "Do Credit Shocks Matter? A Global Perspective," IMF Working Papers 2010/261, International Monetary Fund.

    Cited by:

    1. Moen, Jon R. & Tallman, Ellis W., 2000. "Clearinghouse Membership and Deposit Contraction during the Panic of 1907," The Journal of Economic History, Cambridge University Press, vol. 60(1), pages 145-163, March.
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    14. Schüler, Yves S. & Fink, Fabian, 2013. "The Transmission of US Financial Stress: Evidence for Emerging Market Economies," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79692, Verein für Socialpolitik / German Economic Association.
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    24. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2011. "How Do Business and Financial Cycles Interact?," CEPR Discussion Papers 8396, C.E.P.R. Discussion Papers.
    25. Cécile Bastidon, 2014. "Households credits and financial stability," Post-Print hal-01021280, HAL.
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    132. Zwick, Lina, 2015. "International liquidity shocks and domestic loan supply in the euro area," Ruhr Economic Papers 564, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    133. Emna Trabelsi, 2025. "Monetary Policy Under Global and Spillover Uncertainty Shocks: What Do the Bayesian Time-Varying Coefficient VAR, Local Projections, and Vector Error Correction Model Tell Us in Tunisia?," JRFM, MDPI, vol. 18(3), pages 1-74, March.
    134. Du, Ding, 2017. "U.S. credit-market sentiment and global business cycles," Economics Letters, Elsevier, vol. 157(C), pages 75-78.
    135. Barnichon, Regis & Matthes, Christian & Ziegenbein, Alexander, 2016. "Assessing the Non-Linear Effects of Credit Market Shocks," CEPR Discussion Papers 11410, C.E.P.R. Discussion Papers.
    136. Athanasios L. Athanasenas, 2016. "An Eclectic Credit Cycle Search: The Case of US, Japan and Germany," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 70-96.
    137. J. Scott Davis & Kevin X. D. Huang, 2011. "Optimal monetary policy under financial sector risk," Globalization Institute Working Papers 85, Federal Reserve Bank of Dallas.
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    139. Rebecca Riley & Chiara Rosazza-Bondibene, 2015. "The UK Productivity Puzzle 2008-2013: Evidence From British Businesses," National Institute of Economic and Social Research (NIESR) Discussion Papers 450, National Institute of Economic and Social Research.
    140. Romain Houssa & Jolan Mohimont & Chris Otrok, 2013. "Credit Shocks and Macroeconomic Fluctuations in Emerging Markets," CESifo Working Paper Series 4281, CESifo.
    141. Samargandi, Nahla & Kutan, Ali M. & Sohag, Kazi & Alqahtani, Faisal, 2020. "Equity market and money supply spillovers and economic growth in BRICS economies: A global vector autoregressive approach," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
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  54. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "The Global Financial Crisis:How Similar? How Different? How Costly?," Koç University-TUSIAD Economic Research Forum Working Papers 1011, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Kulwant Singh & Ishtiaq P. Mahmood & Siddharth Natarajan, 2017. "Capital Market Development and Firm Restructuring During an Economic Shock," Organization Science, INFORMS, vol. 28(3), pages 552-573, June.
    2. David Vera & Kazuki Onji & Prasanna Gai, 2014. "Are all financial crises created equal? Wholesale funding and two financial crises," Applied Economics, Taylor & Francis Journals, vol. 46(27), pages 3284-3299, September.
    3. Chadwick, Meltem Gulenay & Ozturk, Huseyin, 2019. "Measuring financial systemic stress for Turkey: A search for the best composite indicator," Economic Systems, Elsevier, vol. 43(1), pages 151-172.
    4. Frankel, Jeffrey A. & Saravelos, George, 2012. "Can Leading Indicators Assess Country Vulnerability? Evidence from the 2008-09 Global Financial Crisis," Scholarly Articles 9642637, Harvard Kennedy School of Government.
    5. Alberto Caruso & Lucrezia Reichlin & Giovanni Ricco, 2019. "Financial and fiscal interaction in the euro area crisis: this time was different," SciencePo Working papers Main hal-03403269, HAL.
    6. Masciandaro, Donato & Pansini, Rosaria Vega & Quintyn, Marc, 2013. "The economic crisis: Did supervision architecture and governance matter?," Journal of Financial Stability, Elsevier, vol. 9(4), pages 578-596.
    7. Huibers Fred, 2024. "Distributed Ledger Technology and the Future of Money and Banking: Banking is Necessary, Banks Are Not. Bill Gates 1994," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 14(2), pages 213-249, May.
    8. Murad A.Bein & Gulcay TUNA, 2015. "Volatility Transmission and Dynamic Correlation Analysis between Developed and Emerging European Stock Markets during Sovereign Debt Crisis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 61-80, June.
    9. Xavier De Scheemaekere & Kim Oosterlinck & Ariane Szafarz, 2014. "Issues in Identifying Economic Crises: Insights from History," Working Papers CEB 14-014, ULB -- Universite Libre de Bruxelles.
    10. Valentina Feroldi & Edoardo Gaffeo, 2014. "At the Core of the International Financial System," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 14(2), pages 163-188, June.
    11. Krishnamurthy, Arvind & Li, Wenhao, 2020. "Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment," Research Papers 3874, Stanford University, Graduate School of Business.
    12. Li, Ziran & Sun, Jiajing & Wang, Shouyang, 2013. "An information diffusion-based model of oil futures price," Energy Economics, Elsevier, vol. 36(C), pages 518-525.
    13. Vassolo, Roberto & García-Sánchez, Javier & Mesquita, Luiz, 2017. "Dinâmica competitiva e vantagem do pioneiro em recessões econômicas," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 57(1), February.
    14. Reddy, Kotapati Srinivasa & Nangia, Vinay Kumar & Agrawal, Rajat, 2014. "The 2007-2008 global financial crisis, and cross-border mergers and acquisitions: A 26-nation exploratory study," MPRA Paper 60148, University Library of Munich, Germany.
    15. Gerlach-Kristen, Petra & O'Connell, Brian & O'Toole, Conor, 2013. "How do banking crises affect aggregate consumption? Evidence from international crisis episodes," Papers WP464, Economic and Social Research Institute (ESRI).
    16. Mun, Melissa & Brooks, Robert, 2012. "The roles of news and volatility in stock market correlations during the global financial crisis," Emerging Markets Review, Elsevier, vol. 13(1), pages 1-7.
    17. Villacorta, Alonso, 2018. "Business cycles and the balance sheets of the financial and non-financial sectors," ESRB Working Paper Series 68, European Systemic Risk Board.
    18. Arvind Krishnamurthy & Tyler Muir, 2025. "How Credit Cycles across a Financial Crisis," Journal of Finance, American Finance Association, vol. 80(3), pages 1339-1378, June.
    19. Karolin Kirschenmann & Tuomas Malinen & Henri Nyberg, 2014. "The risk of financial crises: Is it in real or financial factors?," Working Papers 336, ECINEQ, Society for the Study of Economic Inequality.
    20. Wahidin, Deni & Akimov, Alexandr & Roca, Eduardo, 2021. "The impact of bond market development on economic growth before and after the global financial crisis: Evidence from developed and developing countries," International Review of Financial Analysis, Elsevier, vol. 77(C).
    21. Mr. Stijn Claessens & Ms. Laura E. Kodres, 2014. "The Regulatory Responses to the Global Financial Crisis: Some Uncomfortable Questions," IMF Working Papers 2014/046, International Monetary Fund.
    22. Shams, Syed M.M. & Gunasekarage, Abeyratna & Colombage, Sisira R.N., 2013. "Does the organisational form of the target influence market reaction to acquisition announcements? Australian evidence," Pacific-Basin Finance Journal, Elsevier, vol. 24(C), pages 89-108.
    23. Malgorzata A. Olszak & Mateusz Pipien, 2013. "Cross country linkages as determinants of procyclicality of loan loss provisions – empirical importance of SURE specification," Faculty of Management Working Paper Series 22013, University of Warsaw, Faculty of Management.
    24. Narendar Rao & K. Reddy, 2015. "The impact of the global financial crisis on cross-border mergers and acquisitions: a continental and industry analysis," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 309-341, December.
    25. Caprio, Gerard Jr. & D'Apice, Vincenzo & Ferri, Giovanni & Puopolo, Giovanni Walter, 2010. "Macro Financial Determinants of the Great Financial Crisis: Implications for Financial Regulation," MPRA Paper 26088, University Library of Munich, Germany.
    26. Kotapati Srinivasa Reddy & Vinay Kumar Nangia & Rajat Agrawal, 2014. "The 2007–2008 Global Financial Crisis, and Cross-border Mergers and Acquisitions," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 6(3), pages 257-281, September.
    27. Camille Cornand & Céline Gimet, 2012. "The 2007-2008 financial crisis: Is there evidence of disaster myopia?," Post-Print halshs-00617127, HAL.
    28. Xavier Bredart, 2014. "The Crisis: The Relentless Resulting of an Explosive Cycle," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 5(3), pages 68-72, July.
    29. Huang, Chai Liang & Chang, Yu Ching, 2022. "Growth impact of equity market crises: A global perspective," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 153-176.
    30. Lu, Zhaoyang, 2011. "Modeling the yearly Value-at-Risk for operational risk in Chinese commercial banks," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 82(4), pages 604-616.
    31. Olszak, Małgorzata & Pipień, Mateusz & Kowalska, Iwona & Roszkowska, Sylwia, 2014. "What drives heterogeneity of loan loss provisions’ procyclicality in the EU?," MPRA Paper 56834, University Library of Munich, Germany.
    32. Reddy, Kotapati Srinivasa, 2015. "The impact of the global financial crisis on border-crossing mergers and acquisitions: A continental/industry analysis," MPRA Paper 63563, University Library of Munich, Germany, revised 2015.
    33. Dobrescu, Emilian, 2010. "Macromodel Simulations for the Romanian Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 7-28, July.
    34. Michael Graham & Jarno Kiviaho & Jussi Nikkinen, 2013. "Short-term and long-term dependencies of the S&P 500 index and commodity prices," Quantitative Finance, Taylor & Francis Journals, vol. 13(4), pages 583-592, March.
    35. Joonghyun Kwak & Michael Wallace, 2018. "The Impact of the Great Recession on Perceived Immigrant Threat: A Cross-National Study of 22 Countries," Societies, MDPI, vol. 8(3), pages 1-23, July.
    36. Xavier De Scheemaekere & Kim Oosterlinck & Ariane Szafarz, 2012. "Addressing Economic Crises: The Reference-Class Problem," Working Papers CEB 12-024, ULB -- Universite Libre de Bruxelles.
    37. Mirdala, Rajmund & Ruščáková, Anna, 2015. "On Origins and Implications of the Sovereign Debt Crisis in the Euro Area," MPRA Paper 68859, University Library of Munich, Germany.
    38. Amalia Morales-Zumaquero & Simón Sosvilla-Rivero, 2014. "A contribution to the empirics of convergence in real GDP growth: The role of financial crises and exchange-rate regimes," Working Papers 14-06, Asociación Española de Economía y Finanzas Internacionales.
    39. Marcello Pagnini & Paola Rossi & Valerio Vacca & Vincenzo Chiorazzo & Vincenzo D'Apice & Pierluigi Morelli & Giovanni Walter Puopolo, 2017. "Economic Activity and Credit Market Linkages: New Evidence From Italy," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 46(3), pages 491-526, November.
    40. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
    41. Low, Rand Kwong Yew & Tan, Enoch, 2016. "The role of analyst forecasts in the momentum effect," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 67-84.
    42. Zhang, Yiting & Lee, Gladys Hui Ting & Wong, Jian Cheng & Kok, Jun Liang & Prusty, Manamohan & Cheong, Siew Ann, 2011. "Will the US economy recover in 2010? A minimal spanning tree study," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(11), pages 2020-2050.
    43. Antonakakis, Nikolaos & Chatziantoniou, Ioannis & Filis, George, 2013. "Dynamic co-movements of stock market returns, implied volatility and policy uncertainty," Economics Letters, Elsevier, vol. 120(1), pages 87-92.
    44. Woon Sau Leung & Nicholas Taylor, 2013. "Testing for contagion: the impact of US structured markets on international financial markets," Chapters, in: Adrian R. Bell & Chris Brooks & Marcel Prokopczuk (ed.), Handbook of Research Methods and Applications in Empirical Finance, chapter 11, pages 256-284, Edward Elgar Publishing.
    45. Silva, Thiago Christiano & Wilhelm, Paulo Victor Berri & Tabak, Benjamin Miranda, 2023. "The effect of interconnectivity on stock returns during the Global Financial Crisis," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    46. M. Ayhan Kose, 2011. "Review of “This Time is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff”," Koç University-TUSIAD Economic Research Forum Working Papers 1106, Koc University-TUSIAD Economic Research Forum.
    47. Kuziva Mamvura & Mabutho Sibanda & Rajendra Rajaram, 2020. "Causal Dynamics among Foreign Portfolio Investment Volatility, Financial Deepening and Capital Markets in Low Income Countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 70(1-2), pages 20-38, January-J.
    48. Adem Baltaci & Raif Cergibozan & Ali Ari, 2022. "Cultural values and the global financial crisis: a missing link?," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 12(3), pages 507-529, September.
    49. Kirschenmann, Karolin & Malinen, Tuomas & Nyberg, Henri, 2016. "The risk of financial crises: Is there a role for income inequality?," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 161-180.
    50. Ureche-Rangau, Loredana & Burietz, Aurore, 2013. "One crisis, two crises…the subprime crisis and the European sovereign debt problems," Economic Modelling, Elsevier, vol. 35(C), pages 35-44.
    51. Liyan Han & Mengchao Qi & Libo Yin, 2016. "Macroeconomic policy uncertainty shocks on the Chinese economy: a GVAR analysis," Applied Economics, Taylor & Francis Journals, vol. 48(51), pages 4907-4921, November.
    52. Wieslaw Danielak, 2013. "Zmiany w sferze konsumpcji w wybranych krajach europejskich a kryzys gospodarczy. (Changes in consumption in selected European countries and economic crisis.)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 11(40), pages 12-22.
    53. Michael Dempsey & Abeyratna Gunasekarage & Thanh Tan Truong, 2019. "The association between dividend payout and firm growth: Australian evidence," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(4), pages 2345-2376, December.
    54. Hsieh, Hui-Ching & Nguyen, Van Quoc Thinh, 2021. "Economic policy uncertainty and illiquidity return premium," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    55. Vipul Bhatt & N. Kundan Kishor, 2025. "(A)Synchronous Housing Markets of Global Cities," The Journal of Real Estate Finance and Economics, Springer, vol. 71(2), pages 178-208, August.
    56. Bhatt, Vipul & Kishor, N. Kundan, 2021. "(A)Synchronous Housing Markets of Global Cities," MPRA Paper 107175, University Library of Munich, Germany.
    57. Kae-Yih Tzeng & Christina Tay, 2014. "Transmission of the U.S. Subprime Crisis and the European Sovereign Debt Crisis to Emerging Markets," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 4(3), pages 1-12.

  55. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "Recessions and Financial Disruptions in Emerging Markets: A Bird´s Eye View," Working Papers Central Bank of Chile 585, Central Bank of Chile.

    Cited by:

    1. Jean-Pierre Allegret, 2012. "Responses of Monetary Authorities in Emerging Economies to International Financial Crises: What Do We Really Know?," Post-Print hal-01385893, HAL.
    2. Calderón, César & Fuentes, J. Rodrigo, 2014. "Have business cycles changed over the last two decades? An empirical investigation," Journal of Development Economics, Elsevier, vol. 109(C), pages 98-123.
    3. Allen, Franklin & Gu, Xian & Kowalewski, Oskar, 2011. "Financial Crisis, Structure and Reform," Working Papers 11-37, University of Pennsylvania, Wharton School, Weiss Center.
    4. Paweł Baranowski & Piotr Krajewski & Michał Mackiewicz & Agata Szymańska, 2016. "The Effectiveness of Fiscal Policy Over the Business Cycle: A CEE Perspective," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(8), pages 1910-1921, August.
    5. Pierre-Richard Agénor & Luiz A. Pereira da Silva, 2013. "Inflation Targeting and Financial Stability: A Perspective from the Developing World," Working Papers Series 324, Central Bank of Brazil, Research Department.
    6. Kosta Josifidis & Jean-Pierre Allegret & Céline Gimet & Emilija Beker Pucar, 2014. "Macroeconomic policy responses to financial crises in emerging European economies," Post-Print halshs-00976661, HAL.
    7. Peter Claeys, 2017. "Uncertainty spillover and policy reactions," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 64-77.
    8. Franziska Bremus & Claudia M. Buch, 2015. "Banking Market Structure and Macroeconomic Stability: Are Low-Income Countries Special?," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 73-100, February.
    9. Carrière-Swallow, Yan & Céspedes, Luis Felipe, 2013. "The impact of uncertainty shocks in emerging economies," Journal of International Economics, Elsevier, vol. 90(2), pages 316-325.
    10. Claessens, Stijn & Ayhan Kose, M. & Terrones, Marco E., 2010. "The global financial crisis: How similar? How different? How costly?," Journal of Asian Economics, Elsevier, vol. 21(3), pages 247-264, June.

  56. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2009. "Financial Globalization and Economic Policies," CEPR Discussion Papers 7117, C.E.P.R. Discussion Papers.

    Cited by:

    1. Buss, Adrian, 2013. "Capital controls and international financial stability: a dynamic general equilibrium analysis in incomplete markets," Working Paper Series 1578, European Central Bank.
    2. Philip Lane, 2010. "International Differences in Fiscal Policy During the Global Crisis," The Institute for International Integration Studies Discussion Paper Series iiisdp336, IIIS.
    3. Ketteni, Elena & Kottaridi, Constantina, 2019. "Credit market deregulation and economic growth: Further insights using a marginal integration approach," Journal of Macroeconomics, Elsevier, vol. 62(C).
    4. Kunieda, Takuma & Okada, Keisuke & Shibata, Akihisa, 2011. "Finance and Inequality: How Does Globalization Change Their Relationship?," MPRA Paper 35358, University Library of Munich, Germany.
    5. Claessens, Stijn, 2017. "Global Banking: Recent Developments and Insights from Research," CEPR Discussion Papers 11823, C.E.P.R. Discussion Papers.
    6. Yeyati, Eduardo Levy & Williams, Tomas, 2011. "Financial globalization in emerging economies : much ado about nothing ?," Policy Research Working Paper Series 5624, The World Bank.
    7. Asaf Akat & Ege Yazgan, 2013. "Observations on Turkey’s Recent Economic Performance," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(1), pages 1-27, March.
    8. Jiandong Ju & Shang-Jin Wei, 2010. "Domestic Institutions and the Bypass Effect of Financial Globalization," American Economic Journal: Economic Policy, American Economic Association, vol. 2(4), pages 173-204, November.
    9. Pravakar Sahoo & Ranjan Kumar Dash & Yoon Jung Choi, 2021. "Do Absorptive Capacities matter for FPI-Growth Nexus? Evidence from Cross-country Analysis," IEG Working Papers 435, Institute of Economic Growth.
    10. Cho, Yujeong & He, Yintao & Huang, Yiping & Wang, Jieru & Yu, Changhua, 2025. "Exchange rate regime and optimal policy: The case of China," Journal of International Money and Finance, Elsevier, vol. 152(C).
    11. Yeyati, Eduardo Levy & Williams, Tomas, 2012. "Emerging economies in the 2000s : real decoupling and financial recoupling," Policy Research Working Paper Series 5961, The World Bank.
    12. Sebastián García-Andrade, 2019. "Efectos del rebalanceo de los índices de J.P. Morgan en 2014 sobre los rendimientos de los TES en moneda local," Borradores de Economia 1094, Banco de la Republica de Colombia.
    13. Ilene Grabel, 2013. "The Rebranding of Capital Controls in an Era of Productive Incoherence," Working Papers wp318, Political Economy Research Institute, University of Massachusetts at Amherst.
    14. Vahid Puryan, 2017. "The Causal Relationship between Economic Growth, Banking Sector Development and Stock Market Development in Selected Middle-East and North African Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 575-580.
    15. N. R. Bhanumurthy & Lokendra Kumawat, 2020. "Financial Globalization and Economic Growth in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 31-57, March.
    16. Calderón, César & Kubota, Megumi, 2013. "Sudden stops: Are global and local investors alike?," Journal of International Economics, Elsevier, vol. 89(1), pages 122-142.
    17. Francisco Ceballos & Tatiana Didier & Sergio L. Schmukler, 2012. "Financial Globalization in Emerging Countries : Diversification vs. Offshoring," Macroeconomics Working Papers 23350, East Asian Bureau of Economic Research.
    18. Sionfou Seydou Coulibaly & Lewis Landry Gakpa & Issouf Soumaré, 2018. "The Role of Property Rights in the Relationship between Capital Flows and Economic Growth in SSA: Do Natural Resources Endowment and Country Income Level Matter?," African Development Review, African Development Bank, vol. 30(1), pages 112-130, March.
    19. Durmuş Çağrı Yıldırım & Işıl Demirtaş & Seda Yıldırım & Tuğba Turan, 2025. "The role of financial inclusion and human capital on the ecological deficit," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(3), pages 7091-7114, March.
    20. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Financial Cycles: What? How? When?," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 303-344.
    21. Nauro Campos & Fabrizio Coricelli, 2010. "Financial Liberalization, Elite Heterogeneity and Political Reform," PSE - G-MOND WORKING PAPERS halshs-00967428, HAL.
    22. Eswar S. Prasad & Raghuram Rajan, 2008. "A Pragmatic Approach to Capital Account Liberalization," NBER Working Papers 14051, National Bureau of Economic Research, Inc.
    23. Charles W. Calomiris & Mauricio Larrain & Sergio L. Schmukler, 2019. "Capital Inflows, Equity Issuance Activity, and Corporate Investment," Mo.Fi.R. Working Papers 156, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    24. Chen, Jinzhao & Quang, Thérèse, 2014. "The impact of international financial integration on economic growth: New evidence on threshold effects," Economic Modelling, Elsevier, vol. 42(C), pages 475-489.
    25. Bhushan Praveen Jangam & Vaseem Akram, 2020. "Does financial integration drive export diversification? Evidence from a cross-country analysis," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 13(1), pages 45-61, April.
    26. Kunieda, Takuma & Okada, Keisuke & Shibata, Akihisa, 2011. "Corruption, Globalization, and Economic Growth: Theory and Evidence," MPRA Paper 35355, University Library of Munich, Germany.
    27. Kose,Ayhan & Matsuoka,Hideaki & Panizza,Ugo G. & Vorisek,Dana Lauren, 2019. "Inflation Expectations : Review and Evidence," Policy Research Working Paper Series 8785, The World Bank.
    28. Altu Kazar & G rkemli Kazar, 2016. "Globalization, Financial Development and Economic Growth," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 578-587.
    29. Calderón, César & Kubota, Megumi, 2019. "Ride the Wild Surf: An investigation of the drivers of surges in capital inflows," Journal of International Money and Finance, Elsevier, vol. 92(C), pages 112-136.
    30. Campos, Nauro F. & Coricelli, Fabrizio, 2009. "Financial Liberalization and Democracy: The Role of Reform Reversals," IZA Discussion Papers 4338, Institute of Labor Economics (IZA).
    31. Ali Ahmadpour Kacho & Nazar Dahmardeh, 2017. "The Effects of Financial Development and Institutional Quality on Economic Growth with the Dynamic Panel Data Generalized Moment Method Method: Evidence from the Organization for Economical Cooperatio," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 461-467.
    32. Rasmane Ouedraogo & Hamidous Sawadogo & Issa Dianda, 2024. "Globalisation, economic growth and quality of infrastructure: New insights," The World Economy, Wiley Blackwell, vol. 47(4), pages 1682-1716, April.
    33. Hoffmann, Andreas & Löffler, Axel, 2014. "Low interest rate policy and the use of reserve requirements in emerging markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(3), pages 307-314.
    34. Hammudeh, Shawkat & Sohag, Kazi & Husain, Shaiara & Husain, Humaira & Said, Jamaliah, 2020. "Nonlinear relationship between economic growth and nuances of globalisation with income stratification: Roles of financial development and governance," Economic Systems, Elsevier, vol. 44(3).
    35. Stijn Claessens & Neeltje van Horen, 2015. "The Impact of the Global Financial Crisis on Banking Globalization," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(4), pages 868-918, November.
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    3. Irineu Carvalho Filho, 2015. "Risk-Off Episodes and Swiss Franc Appreciation: The Role of Capital Flows," German Economic Review, Verein für Socialpolitik, vol. 16(4), pages 439-463, November.
    4. Rakesh Mohan & Muneesh Kapur, 2010. "Liberalization and Regulation of Capital Flows : Lessons for Emerging Market Economies," Macroeconomics Working Papers 22877, East Asian Bureau of Economic Research.
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  59. Kose, M. Ayhan & Prasad, Eswar & Terrones, Marco E., 2008. "Does Openness to International Financial Flows Contribute to Productivity Growth?," IZA Discussion Papers 3634, Institute of Labor Economics (IZA).

    Cited by:

    1. Mr. Eswar S Prasad & Mr. Marco Terrones & Mr. Ayhan Kose, 2008. "Does Openness to International Financial Flows Raise Productivity Growth?," IMF Working Papers 2008/242, International Monetary Fund.
    2. Imene Debbiche, 2020. "Foreign Capital Inflows and Economic Growth in GCC Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 203-210.
    3. Shankar Acharya, 2008. "India’s Macroeconomic Performance and Policies Since 2000," Working Papers id:1740, eSocialSciences.
    4. Antonio Torrero Mañas, 2012. "Sistema financiero y productividad económica," Working Papers 06/12, Instituto Universitario de Análisis Económico y Social.
    5. Dachraoui, Hajer & Smida, Mounir, 2014. "La Mesure de la Fuite des Capitaux et son Impact sur l’Investissement Domestique : Cas des Pays Émergents [Measurement of capital flight and its impact on domestic investment in emerging countries]," MPRA Paper 62740, University Library of Munich, Germany.
    6. Kyriakos Chousakos & Gary Gorton & Guillermo Ordonez, 2018. "Aggregate Information Dynamics," 2018 Meeting Papers 167, Society for Economic Dynamics.
    7. Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian, 2011. "Financial Openness and Productivity," World Development, Elsevier, vol. 39(1), pages 1-19, January.
    8. Vivek Arora & Karl Habermeier & Jonathan D. Ostry & Rhoda Weeks-Brown, 2013. "La liberalización y el manejo de los flujos de capital: una visión institucional," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 15(28), pages 205-255, January-J.
    9. Eswar S. Prasad, 2009. "India’s Approach to Capital Account Liberalization," Working Papers id:2043, eSocialSciences.
    10. Yang, Haizhen & Shi, Fangfang & Wang, Jie & Jing, Zhongbo, 2019. "Investigating the relationship between financial liberalization and capital flow waves: A panel data analysis," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 120-136.
    11. Chokri Zehri, 2017. "The Relaxing of Capital Controls and Rise of External Debt," American Journal of Economics and Business Administration, Science Publications, vol. 9(4), pages 61-70, December.
    12. Kyriakos Chousakos & Gary Gorton & Guillermo Ordoñez, 2018. "Global Information Spillovers," Central Banking, Analysis, and Economic Policies Book Series, in: Enrique G. Mendoza & Ernesto Pastén & Diego Saravia (ed.),Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, edition 1, volume 25, chapter 5, pages 137-181, Central Bank of Chile.
    13. Maurice Obstfeld, 2009. "International Finance and Growth in Developing Countries: What Have We Learned?," NBER Working Papers 14691, National Bureau of Economic Research, Inc.
    14. International Monetary Fund, 2010. "FDI Flows to Low-Income Countries: Global Drivers and Growth Implications," IMF Working Papers 2010/132, International Monetary Fund.
    15. Herrera, Santiago & Youssef, Hoda & Youssef, Hoda & Zaki, Chahir, 2010. "Egypt beyond the crisis : medium-term challenges for sustained growth," Policy Research Working Paper Series 5451, The World Bank.
    16. Frank Leung & Gaofeng Han & Kevin Chow, 2009. "Financial Services Sector as a Driver of Productivity Growth in Hong Kong," Working Papers 0914, Hong Kong Monetary Authority.
    17. Mohammad Omar FARUK, 2024. "Nexus between global financial integration and economic growth: An ARDL approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(639), S), pages 161-182, Summer.
    18. Prasad, Eswar, 2009. "India's Approach to Capital Account Liberalization," IZA Discussion Papers 3927, Institute of Labor Economics (IZA).
    19. A. Yasemin Yalta & A. Talha Yalta, 2011. "Does Financial Liberalization Decrease Capital Flight? A Panel Causality Analysis," Working Papers 1102, TOBB University of Economics and Technology, Department of Economics.
    20. Eswar S. Prasad, 2008. "Some New Perspectives on India's Approach to Capital Account Liberalization," India Policy Forum, Global Economy and Development Program, The Brookings Institution, vol. 5(1), pages 125-178.
    21. Archi Bhatia & Hans Raj Sharma, 2019. "Financial liberalization and channels of growth: a comparative study of developed and emerging economies," Indian Economic Review, Springer, vol. 54(1), pages 81-119, June.
    22. Robert Heath, 2013. "Why Are The G-20 Data Gaps Initiative And The Sdds Plus Relevant For Financial Stability Analysis?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 4(03), pages 1-24.
    23. Byrne, Joseph P. & Fiess, Norbert, 2011. "International Capital Flows to Emerging and Developing Countries: National and Global Determinants," SIRE Discussion Papers 2011-03, Scottish Institute for Research in Economics (SIRE).
    24. Mr. Robert M Heath, 2013. "Why are the G-20 Data Gaps Initiative and the SDDS Plus Relevant for Financial Stability Analysis?," IMF Working Papers 2013/006, International Monetary Fund.
    25. Paul Welfens, 2008. "Portfolio modelling and growth in open economies," International Economics and Economic Policy, Springer, vol. 5(3), pages 237-253, November.
    26. Mr. Boileau Loko & Mame Astou Diouf, 2009. "Revisiting the Determinants of Productivity Growth - What’s new?," IMF Working Papers 2009/225, International Monetary Fund.
    27. William R. Cline, 2010. "Financial Globalization, Economic Growth, and the Crisis of 2007-09," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 499, October.
    28. Boyle, Glenn, 2009. "Capital Market Integration: A Review of the Issues and an Assessment of New Zealand's Position," Working Paper Series 19136, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    29. Hermes, Niels & Lensink, Robert, 2014. "Financial liberalization and capital flight," Research Report 14031-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    30. Benarroch, Michael & Pandey, Manish, 2012. "The relationship between trade openness and government size: Does disaggregating government expenditure matter?," Journal of Macroeconomics, Elsevier, vol. 34(1), pages 239-252.
    31. Shankar Acharya, 2008. "India’s Macroeconomic Performance and Policies since 2000," Macroeconomics Working Papers 22138, East Asian Bureau of Economic Research.
    32. Nahil Boussiga & Ezzeddine Abaoub, 2013. "International Financial Integration And Equity Risk Premium In Emerging Countries," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 2(1), pages 4-14.
    33. Kyriakos Chousakos & Gary Gorton & Guillermo Ordoñez, 2017. "Propagación de información entre países," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(2), pages 090-127, August.
    34. Maskus, Keith E. & Neumann, Rebecca & Seidel, Tobias, 2012. "How national and international financial development affect industrial R&D," European Economic Review, Elsevier, vol. 56(1), pages 72-83.
    35. Sean Holly & Mehdi Raissi, 2009. "The Macroeconomic Effects of European Financial Development: A Heterogenous Panel Analysis," Working Paper / FINESS 1.4, DIW Berlin, German Institute for Economic Research.
    36. Neanidis, Kyriakos C., 2019. "Volatile capital flows and economic growth: The role of banking supervision," Journal of Financial Stability, Elsevier, vol. 40(C), pages 77-93.
    37. Bank for International Settlements, 2009. "Capital flows and emerging market economies," CGFS Papers, Bank for International Settlements, number 33, december.

  60. Mr. Eswar S Prasad & Mr. Marco Terrones & Mr. Ayhan Kose, 2008. "Does Openness to International Financial Flows Raise Productivity Growth?," IMF Working Papers 2008/242, International Monetary Fund.

    Cited by:

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    97. N. Antonakakis & H. Badinger, 2014. "International business cycle spillovers since the 1870s," Applied Economics, Taylor & Francis Journals, vol. 46(30), pages 3682-3694, October.
    98. James Graham, 2014. "'N Sync: how do countries' economies move together?," Reserve Bank of New Zealand Analytical Notes series AN2014/04, Reserve Bank of New Zealand.
    99. Łukasz Lenart & Mateusz Pipień, 2017. "Non-Parametric Test for the Existence of the Common Deterministic Cycle: The Case of the Selected European Countries," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 9(3), pages 201-241, September.
    100. Berger, Tino & Grabert, Sibylle & Kempa, Bernd, 2017. "Global macroeconomic uncertainty," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 42-56.
    101. Leif Anders Thorsrud, 2013. "Global and regional business cycles. Shocks and propagations," Working Paper 2013/08, Norges Bank.
    102. Croce, Mariano & Colacito, Ric & Ho, Steven & Howard, Philip, 2018. "BKK the EZ Way. International Long-Run Growth News and Capital Flows," CEPR Discussion Papers 12783, C.E.P.R. Discussion Papers.
    103. Alexander Chudik & Janet Koech & Mark Wynne, 2021. "The Heterogeneous Effects of Global and National Business Cycles on Employment in US States and Metropolitan Areas," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(2), pages 495-517, April.
    104. Klarl, Torben, 2018. "Housing is local: Applying a dynamic unobserved factor model for the Dutch housing market," Economics Letters, Elsevier, vol. 170(C), pages 79-84.
    105. Erdenebat Bataa & Denise R.Osborn & Marianne Sensier, 2016. "China's Increasing Global Influence: Changes in International Growth Spillovers," Centre for Growth and Business Cycle Research Discussion Paper Series 221, Economics, The University of Manchester.
    106. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2008. "What Happens During Recessions, Crunches and Busts?," CEPR Discussion Papers 7085, C.E.P.R. Discussion Papers.
    107. Amadi & Agatha Nkemjika & Nwidobie & Barine Micheal & Adesina & Julius Babatunde, 2018. "Macroeconomic Implications of Exchange Rate Fluctuations on the Manufacturing Sector Performance in Nigeria," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 7(2), pages 1-1.
    108. Nam T. Vu & Jiayu Wu, 2020. "International Effects of Stock Market Dispersion," Southern Economic Journal, John Wiley & Sons, vol. 86(4), pages 1393-1417, April.
    109. Maximo Camacho & Angela Caro & German Lopez-Buenache, 2020. "The two-speed Europe in business cycle synchronization," Empirical Economics, Springer, vol. 59(3), pages 1069-1084, September.
    110. Vespignani, Joaquin & Kang, Wensheng & Ratti, Ronald, 2018. "Global Commodity Prices and Global Stock Volatility Shocks," MPRA Paper 84250, University Library of Munich, Germany.
    111. Hyun, Junghwan, 2018. "The dynamics of credit reallocation: South Korea's post-crisis experience," Japan and the World Economy, Elsevier, vol. 48(C), pages 57-70.
    112. Pagliacci, Carolina, 2019. "Dynamic credit convergence in CARD: The spreading of common shocks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    113. Konstantakopoulou, Ioanna & Tsionas, Efthymios G., 2014. "Half a century of empirical evidence of business cycles in OECD countries," Journal of Policy Modeling, Elsevier, vol. 36(2), pages 389-409.
    114. David Matesanz Gomez & Benno Torgler & Guillermo J. Ortega, 2013. "Measuring Global Economic Interdependence: A Hierarchical Network Approach," The World Economy, Wiley Blackwell, vol. 36(12), pages 1632-1648, December.
    115. Falk Bräuning & Viacheslav Sheremirov, 2021. "The Transmission Mechanisms of International Business Cycles: Output Spillovers through Trade and Financial Linkages," Working Papers 21-13, Federal Reserve Bank of Boston.
    116. Tiago Trancoso, 2013. "Global macroeconomic interdependence: a minimum spanning tree approach," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 179-189, June.

  62. Mr. Giovanni Dell'Ariccia & Mr. Paolo Mauro & Mr. Andre Faria & Mr. Jonathan David Ostry & Mr. Julian Di Giovanni & Mr. Martin Schindler & Mr. Ayhan Kose & Mr. Marco Terrones, 2008. "Reaping the Benefits of Financial Globalization," IMF Occasional Papers 2008/007, International Monetary Fund.

    Cited by:

    1. J. Ramos-Tallada., 2013. "The IMF and management of capital flows: the long road towards a pragmatic approach," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 31, pages 63-85, Autumn.
    2. Mr. Jonathan David Ostry & Mr. Andrew Berg & Mr. Jeromin Zettelmeyer, 2008. "What Makes Growth Sustained?," IMF Working Papers 2008/059, International Monetary Fund.
    3. Ms. L. Effie Psalida & Tao Sun, 2011. "Does G-4 Liquidity Spill Over?," IMF Working Papers 2011/237, International Monetary Fund.
    4. Ramin Dadasov & Philipp Harms & Oliver Lorz, 2010. "Financial Integration in Autocracies: Greasing the Wheel or More to Steal?," FIW Working Paper series 048, FIW.
    5. Somrasri Yupho & Xianguo Huang, 2014. "Portfolio Capital Flows in Thailand: A Bayesian Model Averaging Approach," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(2S), pages 89-99, March.
    6. Jean François Clevy Aguilar, 2011. "Operatoria de política monetaria y regulación macroprudencial," Boletín, CEMLA, vol. 0(3), pages 117-125, Julio-sep.
    7. Pietro Alessandrini & Andrea Presbitero, 2012. "Low-Income Countries and an SDR-based International Monetary System," Open Economies Review, Springer, vol. 23(1), pages 129-150, February.
    8. Prati, Alessandro & Schindler, Martin & Valenzuela, Patricio, 2012. "Who benefits from capital account liberalization? Evidence from firm-level credit ratings data," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1649-1673.
    9. Jean-Claude Trichet, 2011. "Cómo lograr el máximo crecimiento a largo plazo," Boletín, CEMLA, vol. 0(3), pages 126-137, Julio-sep.
    10. Markus Alzer & Ramin Dadasov, 2012. "Financial Liberalization and Institutional Development," MAGKS Papers on Economics 201219, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    11. Raúl Morales, 2011. "Situación Actual de los Sistemas de Pago de Bajo Valor en América Latina y el Caribe," Documentos de Discusión - Discussion Papers 3, CEMLA.
    12. Abiad, Abdul & Bluedorn, John & Guajardo, Jaime & Topalova, Petia, 2015. "The Rising Resilience of Emerging Market and Developing Economies," World Development, Elsevier, vol. 72(C), pages 1-26.
    13. Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, December.
    14. Pietro Alessandrini & Andrea Filippo Presbitero, 2011. "Low-Income Countries Vulnerabilities and the Need for an SDR-Based International Monetary System," Mo.Fi.R. Working Papers 55, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    15. Jonathan D. Ostry & Atish R. Ghosh & Karl Habermeier & Luc Laeven & Marcos Chamon & Mahvash S. Qureshi & Annamaria Kokenyne, 2011. "Gestión de la entrada de capitales: ¿Qué herramientas usar?," Boletín, CEMLA, vol. 0(3), pages 138-174, Julio-sep.
    16. Mr. Atish R. Ghosh & Mahvash S Qureshi & Naotaka Sugawara, 2014. "Regulating Capital Flows at Both Ends: Does it Work?," IMF Working Papers 2014/188, International Monetary Fund.
    17. Ho-Don Yan & Li-Ju Chen & Yi-Heng Tseng, 2014. "Capital Inflow, Foreign Exchange Intervention, and Currency Misalignment in Emerging Market Countries," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-30.
    18. Beck, Roland & Georgiadis, Georgios & Mehl, Arnaud & Soudan, Michel, 2013. "The emergence of the Chinese Renminbi as an international currency," The international role of the euro - Special feature, European Central Bank.
    19. C. P. Gupta & Arushi Jain, 2022. "A Study of Banks’ Systemic Importance and Moral Hazard Behaviour: A Panel Threshold Regression Approach," JRFM, MDPI, vol. 15(11), pages 1-23, November.
    20. Jean-Louis Combes & Christian Hubert Ebeke, 2011. "Remittances and Household Consumption Instability in Developing Countries," CERDI Working papers halshs-00552245, HAL.
    21. Monica Singhania & Neha Saini, 2018. "Determinants of FPI in Developed and Developing Countries," Global Business Review, International Management Institute, vol. 19(1), pages 187-213, February.
    22. Mahir Binici & Michael M. Hutchison & Mr. Martin Schindler, 2009. "Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows," IMF Working Papers 2009/208, International Monetary Fund.
    23. M. Mesut Badur & Md. Monirul Islam & Kazi Sohag, 2023. "Globalization–Income Inequality Nexus in the Post-Soviet Countries: Analysis of Heterogeneous Dataset Using the Quantiles via Moments Approach," Mathematics, MDPI, vol. 11(7), pages 1-29, March.
    24. Mr. Ruben V Atoyan & Mr. Dustin Smith & Mr. Albert Jaeger, 2012. "The Pre-Crisis Capital Flow Surge to Emerging Europe: Did Countercyclical Fiscal Policy Make a Difference?," IMF Working Papers 2012/222, International Monetary Fund.
    25. Bülent Köksal & Cüneyt Orman, 2014. "Determinants of Capital Structure: Evidence from a Major Developing Economy," EcoMod2014 6405, EcoMod.
    26. Tolga Aksoy, 2016. "The Political Economy Of Structural Reforms," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 5(1), pages 25-69, January.
    27. Mr. Jonathan David Ostry & Mr. Andrew Berg, 2011. "Inequality and Unsustainable Growth: Two Sides of the Same Coin?," IMF Staff Discussion Notes 2011/008, International Monetary Fund.
    28. Dyeggo Rocha Guedes & Aderbal Oliveira Damasceno, 2018. "Abertura Financeira, Acumulação De Capital E Produtividade Nos Países Em Desenvolvimento," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 97, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    29. Mr. Nikola Spatafora & Ms. Oana Luca, 2012. "Capital Inflows, Financial Development, and Domestic Investment: Determinants and Inter-Relationships," IMF Working Papers 2012/120, International Monetary Fund.
    30. Christiansen, Lone & Schindler, Martin & Tressel, Thierry, 2013. "Growth and structural reforms: A new assessment," Journal of International Economics, Elsevier, vol. 89(2), pages 347-356.
    31. José Daniel Aromí, 2021. "Large Current Account Deficits and Neglected Vulnerabilities," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(4), pages 597-623, December.
    32. Gerardo Licandro & Jorge Ponce (ed.), 2015. "Precios de activos internos, fundamentos globales y estabilidad financiera," Investigación Conjunta-Joint Research, Centro de Estudios Monetarios Latinoamericanos, CEMLA, edition 1, volume 1, number 4sp, December.
    33. Ms. Corinne C Delechat & Mr. John Wakeman-Linn & Ms. Smita Wagh & Mr. Gustavo Ramirez, 2009. "Sub-Saharan Africa's Integration in the Global Financial Markets," IMF Working Papers 2009/114, International Monetary Fund.
    34. Shabbir, Muhammad Nadir & Linh, Duong Thuy, 2025. "Globalizing green innovation: Impact on green GDP and pathways to sustainability," Research in Economics, Elsevier, vol. 79(1).
    35. Naoko C. Kojo, 2015. "Demystifying Dutch Disease," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-23.
    36. Óscar L. Herrera V. & Héctor A. Valle S., 2017. "Líneas de crédito internacionales en Guatemala: caracterización y efecto macroeconómico," Investigación Conjunta-Joint Research, in: Gerardo Licandro & Jorge Ponce (ed.), Precios de activos internos, fundamentos globales y estabilidad financiera, edition 1, volume 1, chapter 10, pages 365-407, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    37. Pariwat Kanithasen & Vacharakoon Jivakanont & Charnon Boonnuch, 2011. "AEC 2015: Ambitions, Expectations and Challenges ASEAN's Path towards Greater Economic and Financial Integration," Working Papers 2011-03, Monetary Policy Group, Bank of Thailand.
    38. Ahmad, Mahmood & Peng, Tao & Awan, Ashar & Ahmed, Zahoor, 2023. "Policy framework considering resource curse, renewable energy transition, and institutional issues: Fostering sustainable development and sustainable natural resource consumption practices," Resources Policy, Elsevier, vol. 86(PB).

  63. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2008. "What Happens During Recessions, Crunches and Busts?," CEPR Discussion Papers 7085, C.E.P.R. Discussion Papers.

    Cited by:

    1. Don Harding & Adrian Pagan, 2009. "An Econometric Analysis of Some Models for Constructed Binary Time Series," NCER Working Paper Series 39, National Centre for Econometric Research, revised 02 Jul 2009.
    2. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged Bubbles," CESifo Working Paper Series 5489, CESifo.
    3. Fabrizio Coricelli & Isabelle Roland, 2010. "Credit and recessions," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00469521, HAL.
    4. Nicolas Berman & Philippe Martin, 2012. "The Vulnerability of Sub-Saharan Africa to Financial Crises: The Case of Trade," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 60(3), pages 329-364, September.
    5. Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020. "Global macro-financial cycles and spillovers," CAMA Working Papers 2020-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Monacelli, Tommaso & Quadrini, Vincenzo & Trigari, Antonella, 2023. "Financial markets and unemployment," Journal of Financial Economics, Elsevier, vol. 147(3), pages 596-626.
    7. Peter A.G. Van Bergeijk, 2009. "Expected Extent and Potential Duration of the World Import Crunch," Kyklos, Wiley Blackwell, vol. 62(4), pages 479-487, November.
    8. Cerutti, Eugenio & Dagher, Jihad & Dell'Ariccia, Giovanni, 2017. "Housing finance and real-estate booms: A cross-country perspective," Journal of Housing Economics, Elsevier, vol. 38(C), pages 1-13.
    9. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2013. "Interactions between Eurozone and US Booms and Busts: A Bayesian Panel Markov-switching VAR Model," Tinbergen Institute Discussion Papers 13-142/III, Tinbergen Institute, revised 01 Nov 2014.
    10. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    11. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2016. "Monetary policy, the financial cycle and ultra-low interest rates," BIS Working Papers 569, Bank for International Settlements.
    12. Yongfu Cao & Wendy Dobson & Yiping Huang & Peter A. Petri & Michael Plummer & Raimundo Soto & Shinji Takagi, 2010. "Inclusive, Balanced, Sustained Growth in the Asia-Pacific," Documentos de Trabajo 370, Instituto de Economia. Pontificia Universidad Católica de Chile..
    13. Linus Holtermann & Christian Hundt, 2018. "Hierarchically structured determinants and phase related patterns of economic resilience. An empirical case study for European regions," Working Papers on Innovation and Space 2018-02, Philipps University Marburg, Department of Geography.
    14. Luisa Carpinelli, 2009. "Real effects of banking crises: a survey of the literature," Questioni di Economia e Finanza (Occasional Papers) 55, Bank of Italy, Economic Research and International Relations Area.
    15. Kenc, Turalay & Dibooglu, Sel, 2010. "The 2007-2009 financial crisis, global imbalances and capital flows: Implications for reform," Economic Systems, Elsevier, vol. 34(1), pages 3-21, March.
    16. Dwyer, Gerald P. & Devereux, John & Baier, Scott & Tamura, Robert, 2013. "Recessions, growth and banking crises," Journal of International Money and Finance, Elsevier, vol. 38(C), pages 18-40.
    17. Susan Wachter & Man Cho & Moon Joong Tcha (ed.), 2014. "The Global Financial Crisis and Housing," Books, Edward Elgar Publishing, number 15685, March.
    18. Carmen M. Reinhart & Christoph Trebesch, 2016. "The International Monetary Fund: 70 Years of Reinvention," Journal of Economic Perspectives, American Economic Association, vol. 30(1), pages 3-28, Winter.
    19. van Dijk, Mathijs A. & van Dalen, Hendrik P. & Hyde, Martin, 2020. "Who bears the brunt? The impact of banking crises on younger and older workers," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    20. Lenarčič, Črt, 2019. "Complementaries and Tensions between Monetary and Macroprudential Policies in an Estimated DSGE Model (Application to Slovenia)," MPRA Paper 104486, University Library of Munich, Germany.
    21. Fernando Tenjo & Martha L�pez, 2010. "Early Warning Indicators for Latin America""," Borradores de Economia 7073, Banco de la Republica.
    22. Hans Gersbach & Jean-Charles Rochet, 2012. "Aggregate Investment Externalities and Macroprudential Regulation," Swiss Finance Institute Research Paper Series 12-03, Swiss Finance Institute.
    23. Boysen-Hogrefe, Jens & Dovern, Jonas & Gern, Klaus-Jürgen & Jannsen, Nils & van Roye, Björn & Scheide, Joachim, 2010. "Erholung der Weltkonjunktur ohne große Dynamik," Open Access Publications from Kiel Institute for the World Economy 32955, Kiel Institute for the World Economy (IfW Kiel).
    24. Chen, Natalie & Juvenal, Luciana, 2015. "Quality and the Great Trade Collapse," CAGE Online Working Paper Series 249, Competitive Advantage in the Global Economy (CAGE).
    25. Kholodilin, Konstantin A. & Michelsen, Claus, 2019. "Zehn Jahre nach dem großen Knall: wie ist es um die Stabilität der internationalen Immobilienmärkte bestellt?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(1), pages 67-87.
    26. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2017. "Faraway, so close : coupled climate and economic dynamics in an agent-based integrated assessment model," SciencePo Working papers Main hal-03458816, HAL.
    27. Antonakakis, Nikolaos, 2012. "Business cycle synchronization during US recessions since the beginning of the 1870's," MPRA Paper 38341, University Library of Munich, Germany.
    28. Christophe Blot & Jérôme Creel & Paul Hubert & Fabien Labondance & Xavier Ragot, 2017. "Financial stability and the ECB," SciencePo Working papers Main hal-03457571, HAL.
    29. Canuto, Otaviano, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank - Economic Premise, The World Bank, issue 33, pages 1-6, September.
    30. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones, 2012. "Global House Price Fluctuations: Synchronization and Determinants," NBER Chapters, in: NBER International Seminar on Macroeconomics 2012, pages 119-166, National Bureau of Economic Research, Inc.
    31. Alberto Caruso & Lucrezia Reichlin & Giovanni Ricco, 2019. "Financial and fiscal interaction in the euro area crisis: this time was different," SciencePo Working papers Main hal-03403269, HAL.
    32. Mr. Thomas Helbling & Mr. Ayhan Kose & Mr. Christopher Otrok & Raju Huidrom, 2010. "Do Credit Shocks Matter? A Global Perspective," IMF Working Papers 2010/261, International Monetary Fund.
    33. Carlos Araújo & Per Jansson & Tae Soo Kang & Kiyohiko G Nishimura, 2012. "Policy Panel," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    34. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation, and the Price Level," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    35. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco, 2011. "How Do Business and Financial Cycles Interact?," CEPR Discussion Papers 8396, C.E.P.R. Discussion Papers.
    36. Michael Funke & Rongrong Sun & Linxu Zhu, 2018. "The Credit Risk of Chinese Households – A Micro-Level Assessment," CFDS Discussion Paper Series 2018/3, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    37. Péter Fáykiss, Márton Nagy and Anikó Szombati, 2017. "Regionally-differentiated debt cap rules: a Hungarian perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy frameworks, implementation and relationships with other policies, volume 94, pages 153-178, Bank for International Settlements.
    38. Rita Basto & Sandra Gomes & Diana Lima, 2018. "Exploring the implications of di erent loan-to-value macroprudential policy designs," GEE Papers 0113, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Oct 2018.
    39. Devereux, John & Dwyer, Gerald P., 2016. "What determines output losses after banking crises?," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 69-94.
    40. David Perez-Reyna & Xavier Freixas, 2017. "Gilded Bubbles," 2017 Meeting Papers 1482, Society for Economic Dynamics.
    41. Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2010. "Weathering the financial storm: The importance of fundamentals and flexibility," Economics wp51, Department of Economics, Central bank of Iceland.
    42. Kleczka, Mitja, 2015. "Monetary Policy, Fiscal Policy, and Secular Stagnation at the Zero Lower Bound. A View on the Eurozone," MPRA Paper 67228, University Library of Munich, Germany.
    43. Ansgar Belke & Gunther Schnabl, 2010. "Europäischer geldpolitischer Exit im Zeichen von QE2 und Staatsanleihekäufen der EZB," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 79(4), pages 147-161.
    44. Calderón, César & Fuentes, J. Rodrigo, 2014. "Have business cycles changed over the last two decades? An empirical investigation," Journal of Development Economics, Elsevier, vol. 109(C), pages 98-123.
    45. João Tovar Jalles, 2017. "Forecasting performance of private sector’s unemployment forecasts in advanced economies," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(6), pages 707-733, November.
    46. Aleksei Kipriyanov, 2022. "Comparison of Models for Growth-at-Risk Forecasting," Russian Journal of Money and Finance, Bank of Russia, vol. 81(1), pages 23-45, March.
    47. Neville Francis & Michael T. Owyang & Daniel Soques, 2019. "Business Cycles Across Space and Time," Working Papers 2019-010, Federal Reserve Bank of St. Louis, revised 05 May 2021.
    48. Igan, Deniz & Kabundi, Alain & Nadal De Simone, Francisco & Pinheiro, Marcelo & Tamirisa, Natalia, 2011. "Housing, credit, and real activity cycles: Characteristics and comovement," Journal of Housing Economics, Elsevier, vol. 20(3), pages 210-231, September.
    49. H. Evren Damar & Césaire Meh & Yaz Terajima, 2015. "Effects of Funding Portfolios on the Credit Supply of Canadian Banks," Staff Working Papers 15-10, Bank of Canada.
    50. Kelly, Jane & Le Blanc, Julia & Lydon, Reamonn, 2018. "Pockets of risk in European Housing Markets: then and now," Research Technical Papers 12/RT/18, Central Bank of Ireland.
    51. Waithaka, Douglas Mwangi & Kendzia, Michael Jan, 2024. "Impact of Stock Market Manias and Panics on the U.S. Labor Market," IZA Discussion Papers 17276, Institute of Labor Economics (IZA).
    52. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    53. Frappa, Sébastien & Mésonnier, Jean-Stéphane, 2010. "The housing price boom of the late 1990s: Did inflation targeting matter?," Journal of Financial Stability, Elsevier, vol. 6(4), pages 243-254, December.
    54. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2015. "Interconnections between Eurozone and US Booms and Busts using a Bayesian Panel Markov-Switching VAR Mode," Tinbergen Institute Discussion Papers 15-111/III, Tinbergen Institute.
    55. Greg Howard & Robert F. Martin & Beth Anne Wilson, 2011. "Are recoveries from banking and financial crises really so different?," International Finance Discussion Papers 1037, Board of Governors of the Federal Reserve System (U.S.).
    56. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104, Central Bank of Chile.
    57. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
    58. Cesa-Bianchi, Ambrogio, 2013. "Housing cycles and macroeconomic fluctuations: A global perspective," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 215-238.
    59. Hui Tong & Shang-Jin Wei, 2010. "The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis," Working Papers 172010, Hong Kong Institute for Monetary Research.
    60. Hertrich Markus, 2019. "A Novel Housing Price Misalignment Indicator for Germany," German Economic Review, De Gruyter, vol. 20(4), pages 759-794, December.
    61. Skare, Marinko & Gil-Alana, Luis A. & Porada-Rochon, Małgorzata, 2025. "Isolating financial cycles using the fractional cyclical model in selected economies: 1970–2019," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 67-77.
    62. Nicola D. Coniglio & Francesco Prota, 2011. "Economic Crises and Regional Convergence in the EU: An Exploration of Facts, Theories and Policy Implications," Chapters, in: Wim Meeusen (ed.), The Economic Crisis and European Integration, chapter 5, Edward Elgar Publishing.
    63. Vassolo, Roberto & García-Sánchez, Javier & Mesquita, Luiz, 2017. "Dinâmica competitiva e vantagem do pioneiro em recessões econômicas," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 57(1), February.
    64. Sébastien Frappa & Jean-Stéphane Mésonnier, 2009. "The housing price boom of the late 90s: did inflation targeting matter?," Working papers 255, Banque de France.
    65. Stefan Behrendt, 2016. "Taking Stock - Credit Measures in Monetary Transmission," Jena Economics Research Papers 2016-002, Friedrich-Schiller-University Jena.
    66. Antonio Pacifico, 2019. "International Co-movements and Business Cycles Synchronization Across Advanced Economies: A SPBVAR Evidence," International Journal of Statistics and Probability, Canadian Center of Science and Education, vol. 8(4), pages 68-84, July.
    67. Borsi, Mihály Tamás, 2018. "Credit contractions and unemployment," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
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    3. Tino Berger & Lorenzo Pozzi, 2016. "Is there really a Global Business Cycle? A Dynamic Factor Model with Stochastic Factor Selection," Tinbergen Institute Discussion Papers 16-088/VI, Tinbergen Institute.
    4. Michael Artis & George Chouliarakis & P. K. G. Harischandra, 2011. "Business Cycle Synchronization Since 1880," Manchester School, University of Manchester, vol. 79(2), pages 173-207, March.
    5. Mr. Nadeem Ilahi & Riham Shendy, 2008. "Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows," IMF Working Papers 2008/167, International Monetary Fund.
    6. Dimitrios Asteriou & Argiro Moudatsou, 2015. "Business Cycle Synchronization in the Enlarged EU: The Role of Bilateral Trade and FDI," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 196-207, February.
    7. Jongrim Ha & M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2020. "Global macro-financial cycles and spillovers," CAMA Working Papers 2020-12, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    8. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2013. "Interactions between Eurozone and US Booms and Busts: A Bayesian Panel Markov-switching VAR Model," Tinbergen Institute Discussion Papers 13-142/III, Tinbergen Institute, revised 01 Nov 2014.
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    19. Fatma Pinar Erdem & Erdal Ozmen, 2014. "Exchange Rate Regimes and Business Cycles: An Empirical Investigation," ERC Working Papers 1404, ERC - Economic Research Center, Middle East Technical University, revised Jun 2014.
    20. Douglas Sutherland & Peter Hoeller & Balázs Égert & Oliver Röhn, 2010. "Counter-cyclical Economic Policy," OECD Economics Department Working Papers 760, OECD Publishing.
    21. Soyoung Kim & Jong-Wha Lee & Cyn-Young Park, 2009. "Emerging Asia: Decoupling or Recoupling," Working Papers on Regional Economic Integration 31, Asian Development Bank.
    22. Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013. "Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity," Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
    23. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2009. "Financial Globalization and Economic Policies," CEPR Discussion Papers 7117, C.E.P.R. Discussion Papers.
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    25. Salzmann, Leonard, 2016. "The G7 business cycle in a globalized world," VfS Annual Conference 2016 (Augsburg): Demographic Change 145633, Verein für Socialpolitik / German Economic Association.
    26. Hannes Boehm & Julia Schaumburg & Lena Tonzer, 2020. "Financial Linkages and Sectoral Business Cycle Synchronization: Evidence from Europe," Tinbergen Institute Discussion Papers 20-008/III, Tinbergen Institute.
    27. Nagayasu, Jun, 2010. "Macroeconomic Interdependence in East Asia," MPRA Paper 27129, University Library of Munich, Germany.
    28. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones, 2012. "Global House Price Fluctuations: Synchronization and Determinants," NBER Chapters, in: NBER International Seminar on Macroeconomics 2012, pages 119-166, National Bureau of Economic Research, Inc.
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    36. Aikaterini Karadimitropoulou, 2017. "Advanced economies and emerging markets: Dissecting the drivers of business cycle synchronization," University of East Anglia School of Economics Working Paper Series 2017-05, School of Economics, University of East Anglia, Norwich, UK..
    37. António M Lopes & J A Tenreiro Machado & John S Huffstot & Maria Eugénia Mata, 2018. "Dynamical analysis of the global business-cycle synchronization," PLOS ONE, Public Library of Science, vol. 13(2), pages 1-25, February.
    38. Galina Potjagailo & Maik H Wolters, 2020. "Global financial cycles since 1880," Bank of England working papers 867, Bank of England.
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    40. Yeyati, Eduardo Levy & Williams, Tomas, 2012. "Emerging economies in the 2000s : real decoupling and financial recoupling," Policy Research Working Paper Series 5961, The World Bank.
    41. Chebbi, Ali, 2019. "How to enlarge the fiscal space and gain efficiency when adopting automatic fuel pricing mechanisms? The Tunisian case," The Quarterly Review of Economics and Finance, Elsevier, vol. 73(C), pages 34-43.
    42. Oscar Jorda & Hsieh Fushing & Shu-Chun Chen & Travis J. Berge, 2010. "A Chronology of International Business Cycles Through Non-parametric Decoding," Working Papers 216, University of California, Davis, Department of Economics.
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    44. Joyce, Joseph, 2016. "Partners, Not Debtors: The External Liabilities of Emerging Market Economies," MPRA Paper 73880, University Library of Munich, Germany.
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    1. Gunji, Hiroshi & Miyazaki, Kenji, 2017. "Why do Japanese women work so much less than Japanese men? A business cycle accounting approach," Japan and the World Economy, Elsevier, vol. 42(C), pages 45-55.
    2. Bornukova, Kateryna, 2009. "Real Business Cycles in The Model with Two-Person Household and Home Production," MPRA Paper 25113, University Library of Munich, Germany.
    3. Kuan-Jen Chen & Angus C. Chu & Ching-Chong Lai, 2014. "Home Production and Small Open Economy Business Cycles," IEAS Working Paper : academic research 14-A011, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    4. Gabriele CARDULLO, 2009. "The Distributive and Welfare Effects of Product and Labour Market Deregulation," LIDAM Discussion Papers IRES 2009007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

  68. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2006. "Financial Globalization: A Reappraisal," CEPR Discussion Papers 5842, C.E.P.R. Discussion Papers.

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    1. Rudrani Bhattacharya & Ila Patnaik, 2016. "Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies," The World Bank Economic Review, World Bank, vol. 30(1), pages 171-201.
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    7. Erik Frohm & Vanessa Gunnella, 2021. "Spillovers in global production networks," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 663-680, August.
    8. Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013. "Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity," Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
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    31. Schenker, Oliver, 2010. "Transporting goods and damages. The role of trade on the distribution of climate change costs," MPRA Paper 25350, University Library of Munich, Germany.
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    34. Engel, Charles & Wang, Jian, 2011. "International trade in durable goods: Understanding volatility, cyclicality, and elasticities," Journal of International Economics, Elsevier, vol. 83(1), pages 37-52, January.
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  71. Mr. Ayhan Kose & Mr. Roberto Cardarelli, 2004. "Economic Integration, Business Cycle, and Productivity in North America," IMF Working Papers 2004/138, International Monetary Fund.

    Cited by:

    1. Ageliki Anagnostou & Ioannis Panteladis & Maria Tsiapa, 2015. "Disentangling different patterns of business cycle synchronicity in the EU regions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(3), pages 615-641, August.
    2. Mr. Marcello M. Estevão & Ms. Evridiki Tsounta, 2010. "Canada's Potential Growth: Another Victim of the Crisis?," IMF Working Papers 2010/013, International Monetary Fund.
    3. Fidel Aroche, 2018. "Estudio de la productividad y de la evolución económica en América del Norte. Una perspectiva estructural/A study on productivity and the economic evolution in North America. A structural perspecti," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 33(1), pages 151-191.
    4. Ramon A. CASTILLO PONCE & Ramon de Jesus RAMIREZ ACOSTA, 2008. "Economic Integration In North America," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(2), pages 111-122.
    5. Kajal Lahiri & Gultekin Isiklar, 2010. "Estimating International Transmission of Shocks Using GDP Forecasts: India and Its Trading Partners," Discussion Papers 10-06, University at Albany, SUNY, Department of Economics.
    6. Jean Louis, Rosmy & Brown, Ryan & Balli, Faruk, 2011. "On the feasibility of monetary union: Does it make sense to look for shocks symmetry across countries when none of the countries constitutes an optimum currency area?," Economic Modelling, Elsevier, vol. 28(6), pages 2701-2718.
    7. International Monetary Fund, 2005. "Trade Costs and Real Exchange Rate Volatility: The Role of Ricardian Comparative Advantage," IMF Working Papers 2005/005, International Monetary Fund.
    8. Louis, Rosmy J & Brown, Ryan & Balli, Faruk, 2009. "Are Mortgage Rates Bubbling Up Trouble for Canadas Metropolitan Housing Sector?," MPRA Paper 17245, University Library of Munich, Germany.
    9. Sébastien LaRochelle‐Côté, 2007. "Tariff reduction and employment in Canadian manufacturing," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(3), pages 843-860, August.
    10. Sonia de Lucas Santos & M. Jesús Delgado Rodríguez & Inmaculada Álvarez Ayuso & José Luis Cendejas Bueno, 2011. "Los ciclos económicos internacionales: antecedentes y revisión de la literatura," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 34(95), pages 73-84, Agosto.

  72. Mr. Ayhan Kose & Mr. Christopher M Towe & Mr. Guy M Meredith, 2004. "How Has Nafta Affected the Mexican Economy? Review and Evidence," IMF Working Papers 2004/059, International Monetary Fund.

    Cited by:

    1. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok, 2013. "Regionalization vs. Globalization," Koç University-TUSIAD Economic Research Forum Working Papers 1302, Koc University-TUSIAD Economic Research Forum.
    2. Petra Fleischer & Ross Maller & Gernot Müller, 2011. "A Bayesian analysis of market information linkages among NAFTA countries using a multivariate stochastic volatility model," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(2), pages 123-148, April.
    3. Eduardo Loría & Emmanuel Salas, 2015. "Mexico and the United States: cycle synchronization,1980.1-2013.4," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 75-102, May.
    4. Gutiérrez, Gabriel, 2005. "Ex-post evaluation of the employment effects of a preferential trade agreement: methodological issues, illustrated with a reference to Chile," Comercio Internacional 4399, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2009. "Financial Globalization and Economic Policies," CEPR Discussion Papers 7117, C.E.P.R. Discussion Papers.
    6. Pablo Mejía-Reyes & Reyna Vergara-González, 2017. "Are More Severe Recessions Followed by Stronger Early Expansions of Employment in the Mexican States?," The Review of Regional Studies, Southern Regional Science Association, vol. 47(3), pages 243-269, Fall.
    7. Nti, Frank Kyekyeku, 2016. "Nafta At 21: Structural Change In Mexican’S Demand For U.S. Meat And Meat Products," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(4), pages 1-10, October.
    8. von Furstenberg, George M., 2006. "Mexico versus Canada: Stability benefits from making common currency with USD?," The North American Journal of Economics and Finance, Elsevier, vol. 17(1), pages 65-78, March.
    9. Kose, M. Ayhan & Prasad, Eswar S. & Terrones, Marco E., 2006. "How do trade and financial integration affect the relationship between growth and volatility?," Journal of International Economics, Elsevier, vol. 69(1), pages 176-202, June.
    10. World Bank Group, 2016. "Global Economic Prospects, January 2016," World Bank Publications - Books, The World Bank Group, number 23435.
    11. Caruso, Alberto, 2018. "Nowcasting with the help of foreign indicators: The case of Mexico," Economic Modelling, Elsevier, vol. 69(C), pages 160-168.
    12. André Mollick & Abigaíl Cortez-Rayas & Rosa Olivas-Moncisvais, 2006. "Local labor markets in U.S.–Mexican border cities and the impact of maquiladora production," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(1), pages 95-116, March.
    13. N. R. Bhanumurthy & Lokendra Kumawat, 2020. "Financial Globalization and Economic Growth in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 31-57, March.
    14. M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
    15. Francisco Callado-Muñoz & Jana Hromcová & Natalia Utrero-González, 2014. "Openness and Technology Diffusion in Payment Systems: The Case of NAFTA," Computational Economics, Springer;Society for Computational Economics, vol. 43(4), pages 497-519, April.
    16. Mr. Andrew J Swiston, 2010. "Spillovers to Central America in Light of the Crisis: What a Difference a Year Makes," IMF Working Papers 2010/035, International Monetary Fund.
    17. Benedikt Heid & Mario Larch & Alejandro Riaño, 2011. "Maquiladoras and Informality: A Mixed Blessing," CESifo Working Paper Series 3689, CESifo.
    18. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    19. Mathan Satchi & Jonathan Temple, 2006. "Growth and labour markets in developing countries," Bristol Economics Discussion Papers 06/581, School of Economics, University of Bristol, UK.
    20. Puneet Vatsa, 2021. "Have Business Cycles Become More Synchronous After NAFTA?," American Business Review, Pompea College of Business, University of New Haven, vol. 24(1), pages 54-66.
    21. Mathan Satchi & Jonathan Temple, 2008. "Online Appendix for "Labor Markets and Productivity in Developing Countries"," Online Appendices 06-167, Review of Economic Dynamics.
    22. Eiler, Lisa A. & Miranda-Lopez, Jose & Tama-Sweet, Isho, 2015. "The Impact of Accounting Disclosures and the Regulatory Environment on the Information Content of Earnings Announcements," The International Journal of Accounting, Elsevier, vol. 50(2), pages 142-169.
    23. Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020. "Financial frictions and export dynamics in large devaluations," Journal of International Economics, Elsevier, vol. 122(C).
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    Cited by:

    1. Chantal Dupasquier & Patrick N. Osakwe, 2006. "Trade Regimes, Liberalization and Macroeconomic Instability in Africa," Development Economics Working Papers 21823, East Asian Bureau of Economic Research.
    2. Demir, Firat, 2006. "Volatility of short term capital flows and socio-political instability in Argentina, Mexico and Turkey," MPRA Paper 1943, University Library of Munich, Germany.
    3. Malik, Samreen, 2015. "Financial-integration thresholds for consumption risk-sharing," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 73-93.
    4. Ogbeide, Frank Iyekoetin Phd & Adeboje, Oluwafemi Mathew, . "Financial Liberalization and Business Entry Nexus in SSA Model," Journal of Economic and Sustainable Growth 1, Office Of The Chief Economist, Development Bank of Nigeria.
    5. Pierluigi Montalbano & Alessandro Federici & Umberto Triulzi & Carlo Pietrobelli, 2005. "Trade Openness and Vulnerability in Central and Eastern Europe," WIDER Working Paper Series RP2005-43, World Institute for Development Economic Research (UNU-WIDER).
    6. Iktimal Abdel Reda & Husam Rjoub & Ahmad Abu Alrub, 2016. "The Determinants of Banks¡¯ Profitability under Basel Regulations: Evidence from Lebanon," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(10), pages 206-219, October.
    7. Leblebicioglu, AslI, 2009. "Financial integration, credit market imperfections and consumption smoothing," Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 377-393, February.
    8. Hern�n Rinc�n, 2007. "Financial Globalization, Economic Growth, and Macroeconomic Volatility," Borradores de Economia 2721, Banco de la Republica.
    9. Martin D D Evans & Viktoria Hnatkovska, 2006. "International Capital Flows Returns and World Financial Integration," 2006 Meeting Papers 60, Society for Economic Dynamics.
    10. Mr. Marco Terrones & Mr. Enrique G. Mendoza, 2008. "An Anatomy of Credit Booms: Evidence From Macro Aggregates and Micro Data," IMF Working Papers 2008/226, International Monetary Fund.
    11. Yang, Benhua, 2011. "Political democratization, economic liberalization, and growth volatility," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 245-259, June.
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    14. Boukef Jlassi, Nabila & Hamdi, Helmi, 2013. "Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries," MPRA Paper 55779, University Library of Munich, Germany, revised 2014.
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    16. Eozenou, Patrick, 2008. "Financial Integration and Macroeconomic Volatility: Does Financial Development Matter?," MPRA Paper 12738, University Library of Munich, Germany.
    17. Hegerty, Scott W., 2012. "Money market pressure in emerging economies: International contagion versus domestic determinants," Economic Systems, Elsevier, vol. 36(4), pages 506-521.
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    23. Ergys Islamaj & M. Ayhan Kose, 2021. "What types of capital flows help improve international risk sharing?," CAMA Working Papers 2021-96, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
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    47. Isabel Casas & Jiti Gao & Shangyu Xie, 2018. "Modelling Time-Varying Income Elasticities of Health Care Expenditure for the OECD," CREATES Research Papers 2018-29, Department of Economics and Business Economics, Aarhus University.
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    50. Adina Ardelean & Miguel Leon-Ledesma & Laura Puzzello, 2017. "Industry Volatility and International Trade," Studies in Economics 1709, School of Economics, University of Kent.
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    56. Singh, Sunny Kumar & Salva,, 2025. "Is the relationship between financial globalization and financial stability heterogeneous? Evidence from emerging markets and developing economies," Journal of Multinational Financial Management, Elsevier, vol. 77(C).
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    3. Piotr Krupa & Paweł Skrzypczyński, 2012. "Are business cycles in the US and emerging economies synchronized?," NBP Working Papers 111, Narodowy Bank Polski.
    4. Bougheas, Spiros, 2022. "Contagion in networks: Stability and efficiency," Mathematical Social Sciences, Elsevier, vol. 115(C), pages 64-77.
    5. Stefano Magrini & Margherita Gerolimetto & Hasan Engin Duran, 2011. "Understanding the lead/lag structure among regional business cycles," Working Papers 2011_06, Department of Economics, University of Venice "Ca' Foscari".
    6. Michael T. Owyang & Jeremy Piger & Daniel Soques, 2022. "Contagious switching," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 415-432, March.
    7. Michael Curran & Adnan Velic, 2020. "The CAPM, National Stock Market Betas, and Macroeconomic Covariates: a Global Analysis," Open Economies Review, Springer, vol. 31(4), pages 787-820, September.
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    9. Dilip M. Nachane & Amlendu Dubey, 2019. "The Spectral envelope: An Application to the decoupling problem in economics," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-022, Indira Gandhi Institute of Development Research, Mumbai, India.
    10. Zhou, Shuang-Shuang & Jahanshahi, Hadi & Din, Qamar & Bekiros, Stelios & Alcaraz, Raúl & Alassafi, Madini O. & Alsaadi, Fawaz E. & Chu, Yu-Ming, 2021. "Discrete-time macroeconomic system: Bifurcation analysis and synchronization using fuzzy-based activation feedback control," Chaos, Solitons & Fractals, Elsevier, vol. 142(C).
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    19. Daragh Clancy & Lorenzo Ricci, 2019. "Loss aversion, economic sentiments and international consumption smoothing," Working Papers 35, European Stability Mechanism.
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    22. Patrick A. Pintus & Yi Wen & Xiaochuan Xing, 2018. "International Credit Markets and Global Business Cycles," Working Papers 2018-9, Federal Reserve Bank of St. Louis.
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    308. Dyeggo Rocha Guedes & Aderbal Oliveira Damasceno, 2018. "Abertura Financeira, Acumulação De Capital E Produtividade Nos Países Em Desenvolvimento," Anais do XLIV Encontro Nacional de Economia [Proceedings of the 44th Brazilian Economics Meeting] 97, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
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    362. Mr. Benedict J. Clements & Herman Kamil, 2009. "Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia," IMF Working Papers 2009/030, International Monetary Fund.
    363. International Monetary Fund, 2003. "Managing Risks in Financial Market Development: The Role of Sequencing," IMF Working Papers 2003/116, International Monetary Fund.
    364. David Felix, 2003. "The Past as Future? The Contribution of Financial Globalization to the Current Crisis of Neo-Liberalism as a Development Strategy," Development and Comp Systems 0310002, University Library of Munich, Germany.
    365. Machiko Nissanke & Erik Thorbecke, 2006. "A Quest for Pro-Poor Globalization," WIDER Working Paper Series RP2006-46, World Institute for Development Economic Research (UNU-WIDER).
    366. Mr. Paolo Mauro & Mr. Andrei A Levchenko, 2006. "Do Some Forms of Financial Flows Help Protect From Sudden Stops?," IMF Working Papers 2006/202, International Monetary Fund.
    367. Wei, Shang-Jin, 2006. "Connecting two views on financial globalization: Can we make further progress?," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 459-481, December.
    368. Wakilat BALOGUN & Jauhari. DAHALAN & Sallahuddin. HASSAN, 2016. "Stock Market Development, Liberalization And Financial Development In The Selected Sub-Saharan African Countries," Romanian Economic Business Review, Romanian-American University, vol. 11(2), pages 52-65, June.
    369. Ilene Grabel, 2003. "The Revenue and Double Dividend Potential of Taxes on International Private Capital Flows and Securities Transactions," WIDER Working Paper Series DP2003-83, World Institute for Development Economic Research (UNU-WIDER).
    370. José G. Vargas-Hernández, 2010. "Las maquiladores en Centroamérica. (Axe II, Symposium 6)," Post-Print halshs-00503171, HAL.
    371. Nicola Cetorelli & Linda S. Goldberg, 2009. "Globalized banks: lending to emerging markets in the crisis," Staff Reports 377, Federal Reserve Bank of New York.
    372. Joyce Hsieh & Chien-Chung Nieh, 2010. "An overview of Asian equity markets," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(2), pages 19-51, November.
    373. Bathia, Deven & Demirer, Riza & Ferrer, Román & Raheem, Ibrahim D., 2023. "Cross-border capital flows and information spillovers across the equity and currency markets in emerging economies," Journal of International Money and Finance, Elsevier, vol. 139(C).
    374. Trong Ngo & Andrew Mullineux & Anh Ly, 2014. "The impact of scale of operation on financial performance in microfinance," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 4(2), pages 177-198, December.
    375. Matteo Cominetta, 2016. "Financial Contagion: A New Perspective (and a New Test)," Working Papers 12, European Stability Mechanism.
    376. Malgorzata Sulimierska, 2014. "Effectiveness of capital control, economic growth and animal spirit: A cross-country analysis," Working Paper Series 7014, Department of Economics, University of Sussex Business School.
    377. Mr. John C Bluedorn & Rupa Duttagupta & Mr. Jaime Guajardo & Petia Topalova, 2013. "Capital Flows are Fickle: Anytime, Anywhere," IMF Working Papers 2013/183, International Monetary Fund.
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    380. Assad Ullah & Muhammad Anees & Zahid Ali & Muhammad Ayub Khan, 2018. "Economic Freedom and Private Capital Inflows in Selected South Asian Economies: A Dynamic Panel Data Evidence," South Asian Journal of Business and Management Cases, , vol. 7(1), pages 41-52, June.
    381. Bicaba, Zorobabel T., 2011. "Do financial reforms complementarity and reforms sequence matter for international capital inflows?," Proceedings of the German Development Economics Conference, Berlin 2011 12, Verein für Socialpolitik, Research Committee Development Economics.
    382. Ang, James, 2009. "Growth Volatility and Financial Repression: Time Series Evidence from India," MPRA Paper 14412, University Library of Munich, Germany.
    383. Lamissa Barro & Boubié Toussaint Bassolet, 2023. "Effects of International Financial Integration on Economic Growth in Developing Countries: Heterogeneous Panel Evidence from Seven West African Countries," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 70(1), pages 83-96, March.
    384. Deluna, Roperto Jr & Chelly, Antiquisa, 2014. "Economic Growth, Financial and Trade Globalization in the Philippines: A Vector Autoregressive Analysis," MPRA Paper 60206, University Library of Munich, Germany.
    385. Antonin Rusek, 2004. "Financial integration and growth in the global economy," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(4), pages 278-288, November.
    386. Wang, Yunjong, 2004. "Financial cooperation and integration in East Asia," Journal of Asian Economics, Elsevier, vol. 15(5), pages 939-955, October.
    387. Jamel Boukhatem & Zied Ftiti & Jean Michel Sahut, 2021. "Bond market and macroeconomic stability in East Asia: a nonlinear causality analysis," Annals of Operations Research, Springer, vol. 297(1), pages 53-76, February.
    388. Cevdet Aydemir, A., 2008. "Risk sharing and counter-cyclical variation in market correlations," Journal of Economic Dynamics and Control, Elsevier, vol. 32(10), pages 3084-3112, October.
    389. Lee, Hyunchul & Cho, Seung Mo, 2017. "What drives dynamic comovements of stock markets in the Pacific Basin region?: A quantile regression approach," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 314-327.
    390. Pedro Araujo & Olena Mykhaylova & James Staveley-O’Carroll, 2015. "Financial liberalization and patterns of international portfolio holdings," Empirical Economics, Springer, vol. 49(1), pages 213-234, August.
    391. Bank for International Settlements, 2009. "Capital flows and emerging market economies," CGFS Papers, Bank for International Settlements, number 33, december.
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    393. Pariwat Kanithasen & Vacharakoon Jivakanont & Charnon Boonnuch, 2011. "AEC 2015: Ambitions, Expectations and Challenges ASEAN's Path towards Greater Economic and Financial Integration," Working Papers 2011-03, Monetary Policy Group, Bank of Thailand.
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  78. Mr. Ayhan Kose & Mr. Marco Terrones & Mr. Eswar S Prasad, 2003. "Volatility and Comovement in a Globalized World Economy: An Empirical Exploration," IMF Working Papers 2003/246, International Monetary Fund.

    Cited by:

    1. Mr. Nadeem Ilahi & Riham Shendy, 2008. "Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows," IMF Working Papers 2008/167, International Monetary Fund.
    2. Pierluigi Montalbano & Alessandro Federici & Umberto Triulzi & Carlo Pietrobelli, 2005. "Trade Openness and Vulnerability in Central and Eastern Europe," WIDER Working Paper Series RP2005-43, World Institute for Development Economic Research (UNU-WIDER).
    3. Moore, Winston, 2010. "Managing the Process of Removing Capital Controls: What Does the Literature Suggest?," MPRA Paper 21584, University Library of Munich, Germany.
    4. Beja, Edsel Jr., 2009. "Things are different when you open up: Economic openness, domestic economy, and income," MPRA Paper 16552, University Library of Munich, Germany, revised 01 Aug 2009.
    5. Jaime Espinosa-Bowen & Mr. Nadeem Ilahi & Fahad Alturki, 2009. "How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels," IMF Working Papers 2009/277, International Monetary Fund.
    6. Eickmeier, Sandra, 2004. "Business Cycle Transmission from the US to Germany: a Structural Factor Approach," Discussion Paper Series 1: Economic Studies 2004,12, Deutsche Bundesbank.
    7. Scharler, Johann & Rumler, Fabio, 2009. "Labor market institutions and macroeconomic volatility in a panel of OECD countries," Working Paper Series 1005, European Central Bank.
    8. International Monetary Fund, 2005. "Austria: Selected Issues," IMF Staff Country Reports 2005/249, International Monetary Fund.
    9. Andros Kourtellos & Ioanna Stylianou & Chih Tan, 2015. "Robust multiple regimes in growth volatility," Empirical Economics, Springer, vol. 48(1), pages 461-491, February.
    10. Yetman, James, 2011. "Exporting recessions: International links and the business cycle," Economics Letters, Elsevier, vol. 110(1), pages 12-14, January.
    11. Andros Kourtellos & Ioanna Stylianou & Chih Ming Tan, 2013. "Robust Multiple Regimes in Growth Volatility," Working Paper series 52_13, Rimini Centre for Economic Analysis.
    12. Yongfu Huang, 2011. "Private investment and financial development in a globalized world," Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
    13. Jaume Ventura & Fernando A. Broner, 2006. "Globalization and Risk Sharing," NBER Working Papers 12482, National Bureau of Economic Research, Inc.
    14. Linda S. Goldberg, 2004. "Financial-sector foreign direct investment and host countries: new and old lessons," Staff Reports 183, Federal Reserve Bank of New York.
    15. Eickmeier, Sandra, 2005. "Common stationary and non-stationary factors in the euro area analyzed in a large-scale factor model," Discussion Paper Series 1: Economic Studies 2005,02, Deutsche Bundesbank.
    16. Naseer, Ahsan & Su, Chi-Wei & Mirza, Nawazish & Li, Jing-Ping, 2020. "Double jeopardy of resources and investment curse in South Asia: Is technology the only way out?," Resources Policy, Elsevier, vol. 68(C).
    17. Stan du Plessis, 2006. "Business Cycles in Emerging market Economies: A New View of the Stylised Facts," Working Papers 02/2006, Stellenbosch University, Department of Economics.
    18. Theodore E. Theodoropoulos & Borut Vojinovic, 2005. "Economic And Financial Integration In Emerging Markets," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 50(164), pages 81-102, January -.
    19. Boyle, Glenn, 2009. "Capital Market Integration: A Review of the Issues and an Assessment of New Zealand's Position," Working Paper Series 19136, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    20. Linda Goldberg, 2004. "Financial-Sector FDI and Host Countries: New and Old Lessons," NBER Working Papers 10441, National Bureau of Economic Research, Inc.
    21. Lucio Vinhas de Souza, 2004. "Financial Liberalization and Business Cycles: The Experience of Future EU Member States in the Baltics and Central Eastern Europe," International Finance 0403009, University Library of Munich, Germany.

  79. M. Ayhan Kose & Kei-Mu Yi, 2002. "The trade comovement problem in international macroeconomics," Staff Reports 155, Federal Reserve Bank of New York.

    Cited by:

    1. Brian M. Doyle & Jon Faust, 2003. "Breaks in the variability and co-movement of G-7 economic growth," International Finance Discussion Papers 786, Board of Governors of the Federal Reserve System (U.S.).
    2. Dilip M. Nachane & Amlendu Dubey, 2019. "The Spectral envelope: An Application to the decoupling problem in economics," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-022, Indira Gandhi Institute of Development Research, Mumbai, India.
    3. Soyoung Kim & Jong-Wha Lee & Cyn-Young Park, 2009. "Emerging Asia: Decoupling or Recoupling," Working Papers on Regional Economic Integration 31, Asian Development Bank.
    4. Hasan Engin Duran & Alexandra Ferreira-Lopes, 2015. "Determinants of Co-movement and of Lead and Lag Behavior of Business Cycles in the Eurozone," Working Papers Series 2 15-02, ISCTE-IUL, Business Research Unit (BRU-IUL).
    5. Ariel Burstein & Christopher Johann Kurz & Linda Tesar, 2004. "Trade, Production Sharing and the International Transmission of Business Cycles," Working Papers 522, Research Seminar in International Economics, University of Michigan.
    6. Kwanho Shin & Yunjong Wang, 2003. "Trade Integration and Business Cycle Synchronization in East Asia," Asian Economic Papers, MIT Press, vol. 2(3), pages 1-20.
    7. Sharada Nia Davidson, 2022. "Regional Integration and Decoupling in the Asia Pacific: A Bayesian Panel VAR Approach," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 773-807, December.
    8. M. Ayhan Kose & Eswar S. Prasad & Marco E. Terrones, 2003. "How Does Globalization Affect the Synchronization of Business Cycles?," American Economic Review, American Economic Association, vol. 93(2), pages 57-62, May.
    9. Kose, M. Ayhan & Yi, Kei-Mu, 2006. "Can the standard international business cycle model explain the relation between trade and comovement?," Journal of International Economics, Elsevier, vol. 68(2), pages 267-295, March.
    10. Hsu, Chih-Chiang & Wu, Jyun-Yi & Yau, Ruey, 2011. "Foreign direct investment and business cycle co-movements: The panel data evidence," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 770-783.
    11. M. J. Herrerias & Javier Ordoñez, 2011. "If the Unites States sneezes, does the world need paracetamol?," Working Papers 2011/03, Economics Department, Universitat Jaume I, Castellón (Spain).
    12. Moneta, Fabio & Rüffer, Rasmus, 2006. "Business cycle synchronisation in East Asia," Working Paper Series 671, European Central Bank.
    13. Mohd Hussain Kunroo, 2019. "Trade, Industrial Dissimilarity, FDI and Business Cycle Co-movements: EC3SLS Evidence from Eurozone Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 13(3), pages 327-359, August.
    14. Lee, Grace H.Y. & Azali, M., 2010. "The endogeneity of the Optimum Currency Area criteria in East Asia," Economic Modelling, Elsevier, vol. 27(1), pages 165-170, January.
    15. Sylvain Leduc & Mark M. Spiegel, 2013. "Is Asia Decoupling from the United States (Again)?," Working Paper Series 2013-10, Federal Reserve Bank of San Francisco.
    16. Moneta, Fabio & Rüffer, Rasmus, 2009. "Business cycle synchronisation in East Asia," Journal of Asian Economics, Elsevier, vol. 20(1), pages 1-12, January.
    17. Herrerias, M.J. & Ordóñez, J., 2014. "If the United States sneezes, does the world need “pain-killers”?," International Review of Economics & Finance, Elsevier, vol. 31(C), pages 159-170.
    18. Andrew Abbott & Joshy Easaw & Tao Xing, 2008. "Trade Integration and Business Cycle Convergence: Is the Relation Robust across Time and Space?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(2), pages 403-417, June.
    19. Daniel Farhat, 2010. "Capital Accumulation, Non-traded Goods and International Macroeconomic Dynamics with Heterogeneous Firms," Working Papers 1002, University of Otago, Department of Economics, revised May 2010.
    20. Jakob De Haan & Robert Inklaar & Richard Jong‐A‐Pin, 2008. "Will Business Cycles In The Euro Area Converge? A Critical Survey Of Empirical Research," Journal of Economic Surveys, Wiley Blackwell, vol. 22(2), pages 234-273, April.
    21. William Martin & Robert Rowthorn, 2004. "Will Stability Last?," CESifo Working Paper Series 1324, CESifo.
    22. Mr. Marco Terrones & Mr. Eswar S Prasad & Mr. Ayhan Kose, 2003. "Financial Integration and Macroeconomic Volatility," IMF Working Papers 2003/050, International Monetary Fund.
    23. Alejandro Justiniano, 2004. "Sources and Propagation Mechanims of Foreign Disturbances in Small Open Economies: A Dynamic Factor Analysis," Econometric Society 2004 Latin American Meetings 148, Econometric Society.
    24. Sodiq Olaiwola Jimoh & Soo Y. Chua, 2024. "Business Cycle Synchronisation and Regional Migration: Testing the OCA Criteria in the West African Region," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 67(1), pages 97-108, March.

  80. M. Ayhan Kose and Kei-Mu Yi, 2001. "Can Trade Theory Help Us Understand the Linkages Between International Trade and Business Cycles?," Computing in Economics and Finance 2001 135, Society for Computational Economics.

    Cited by:

    1. André, NYEMBWE & Konstantin, KHOLODILIN, 2005. "North-South Asymmetric Relationships : Does the EMU Business Affect Small African Economies ?," Discussion Papers (ECON - Département des Sciences Economiques) 2005032, Université catholique de Louvain, Département des Sciences Economiques.
    2. Chiquiar Daniel & Ramos Francia Manuel, 2004. "Bilateral Trade and Business Cycle Synchronization: Evidence from Mexico and United States Manufacturing Industries," Working Papers 2004-05, Banco de México.

  81. M. Ayhan Kose & Raymond Riezman, 2000. "Small Countries and Preferential Trade Agreements "How Severe is the Innocent Bystander Problem?"," CESifo Working Paper Series 253, CESifo.

    Cited by:

    1. Oksana Harbuzyuk & Stefan Lutz, 2008. "Analyzing trade opening in Ukraine: effects of a customs union with the EU," Economic Change and Restructuring, Springer, vol. 41(3), pages 221-238, September.

  82. M. Ayhan Kose & Bill Blankenau & Kei-Mu Yi, 1999. "World Real Interest Rates and Business Cycles in Open Economies: a Multiple Shock Approach," Computing in Economics and Finance 1999 1232, Society for Computational Economics.

    Cited by:

    1. Maria Socorro Gochoco‐Bautista & Dennis S. Mapa, 2010. "Linkages between Trade and Financial Integration and Output Growth in East Asia," Asian Economic Journal, East Asian Economic Association, vol. 24(1), pages 1-22, March.
    2. Maußner Alfred, 2002. "Adjustment Costs and Nominal Rigidities in a Small Open Economy / Anpassungskosten und nominelle Rigiditäten in einer kleinen offenen Volkswirtschaft," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(4), pages 463-489, August.
    3. Timo Bettendorf, 2012. "Investigating Global Imbalances: Empirical Evidence from a GVAR Approach," Studies in Economics 1217, School of Economics, University of Kent.

  83. M. Ayhan Kose & Raymond Riezman, 1999. "Trade Shocks and Macroeconomic Fluctuations in Africa," CESifo Working Paper Series 203, CESifo.

    Cited by:

    1. Chantal Dupasquier & Patrick N. Osakwe, 2006. "Trade Regimes, Liberalization and Macroeconomic Instability in Africa," Development Economics Working Papers 21823, East Asian Bureau of Economic Research.
    2. RANAIVOSON, Tojonirina Miada Zafindraibe & LAZAMANANA, Pierre Andre, 2025. "The Effects of Carbon taxation and Climate Financing on the Malagasy Economy: An Application using a DSGE Model," MPRA Paper 126384, University Library of Munich, Germany, revised 2025.
    3. Romain Houssa & Jolan Mohimont & Mr. Christopher Otrok, 2015. "The Sources of Business Cycles in a Low Income Country," IMF Working Papers 2015/040, International Monetary Fund.
    4. SENBETA, Sisay Regassa, 2012. "How important are external shocks in explaining growth in Sub-Saharan Africa? Evidence from a Bayesian VAR," Working Papers 2012010, University of Antwerp, Faculty of Business and Economics.
    5. Giscard Assoumou Ella, 2012. "Responses of African economies to the international economic shocks: an empirical study," Working Papers hal-00721633, HAL.
    6. Ramirez, Francisco A., 2009. "Perturbaciones Internacionales y Fluctuaciones del Producto Interno Bruto en una Economía en Desarrollo: Evidencia de República Dominicana para el Período 1998-2008 [International Shocks and GDP fl," MPRA Paper 38987, University Library of Munich, Germany.
    7. Jorge Toro & Aarón Garavito & David Camilo López & Enrique Montes, 2015. "El choque petrolero y sus implicaciones en la economía colombiana," Borradores de Economia 906, Banco de la Republica de Colombia.
    8. Punam Chuhan-Pole & Francisco H.G. Ferreira & Cesar Calderon & Luc Christiaensen & David Evans & Gerard Kambou & Sebastien Boreux & Vijdan Korman & Megumi Kubota & Mapi Buitano, "undated". "Africa's Pulse, April 2015," World Bank Publications - Reports 21736, The World Bank Group.
    9. Tii N. Nchofoung, 2022. "Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently?," Working Papers 22/005, European Xtramile Centre of African Studies (EXCAS).
    10. Sambit Bhattacharyya & Jeffrey G Williamson, 2010. "Commodity Price Shocks and the Australian Economy since Federation," OxCarre Working Papers 041, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    11. Ahmat Jidoud, 2015. "Remittances and Macroeconomic Volatility in African Countries," IMF Working Papers 2015/049, International Monetary Fund.
    12. Thomas Lubik & Wing Teo, 2005. "Do World Shocks Drive Domestic Business Cycles? Some Evidence from Structural Estimation," Economics Working Paper Archive 522, The Johns Hopkins University,Department of Economics.
    13. Kose, M. Ayhan & Riezman, Raymond, 2001. "Trade shocks and macroeconomic fluctuations in Africa," Journal of Development Economics, Elsevier, vol. 65(1), pages 55-80, June.
    14. Chantal Dupasquier & Patrick N. Osakwe & Shandre M. Thangavelu, 2005. "Choice of Monetary and Exchange Regimes in ECOWAS : An Optimum Currency Area Analysis," Macroeconomics Working Papers 22570, East Asian Bureau of Economic Research.
    15. Hajar Fanchy & Amal El Mzabi & Ahmed Hefnaoui, 2023. "Identification of fluctuations origins in the Business Cycle in Morocco: Reduced DSGE modelling," Post-Print hal-04304857, HAL.
    16. Ahmed, Abdullahi D. & Suardi, Sandy, 2009. "Macroeconomic Volatility, Trade and Financial Liberalization in Africa," World Development, Elsevier, vol. 37(10), pages 1623-1636, October.
    17. Chuku, Chuku, 2012. "The proposed eco: should West Africa proceed with a common currency?," MPRA Paper 43739, University Library of Munich, Germany.
    18. Xavier Debrun & Paul Masson & Catherine Pattillo, 2005. "Monetary union in West Africa: who might gain, who might lose, and why?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(2), pages 454-481, May.
    19. David Kohn & Fernando Leibovici & Håkon Tretvoll, 2018. "Trade in Commodities and Business Cycle Volatility," Working Papers 2018-5, Federal Reserve Bank of St. Louis.
    20. Mvondo, Thierry, 2021. "Stabilisation et relance macroéconomiques post COVID-19 dans la CEMAC : Quels instruments pour quels effets dans un modèle DSGE ?," Dynare Working Papers 65, CEPREMAP.
    21. Romain Houssa & Christopher Otrok & Radu Puslenghea, 2010. "A Model for Monetary Policy Analysis for Sub-Saharan Africa," Open Economies Review, Springer, vol. 21(1), pages 127-145, February.
    22. Kassouri, Yacouba & Altıntaş, Halil, 2021. "Cyclical drivers of fiscal policy in sub-Saharan Africa: New insights from the time-varying heterogeneity approach," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 51-67.
    23. Elachhab Fathi, 2007. "Une analyse historiographique des causes du cycle économique en Tunisie," L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(3), pages 359-397.
    24. M. Ayhan Kose & Bill Blankenau & Kei-Mu Yi, 1999. "World Real Interest Rates and Business Cycles in Open Economies: a Multiple Shock Approach," Computing in Economics and Finance 1999 1232, Society for Computational Economics.
    25. Claude Francis Naoussi & Fabien Tripier, 2013. "Trend shocks and economic development," Post-Print hal-04362196, HAL.
    26. Paul Collier & Benedikt Goderis, 2008. "Commodity Prices and Growth: An empirical investigation," OxCarre Working Papers 014, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    27. Traoré, Fousseini & Sakyi, Daniel, 2018. "Africa’s global trade patterns," IFPRI book chapters, in: Africa agriculture trade monitor 2018, chapter 2, pages 3-23, International Food Policy Research Institute (IFPRI).
    28. Piotr Misztal, 2012. "Terms of Trade and Economic Growth in Poland in the period 1980-2009," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(45), pages 51-67, December.
    29. Gabriel Rodriguez & Paul Castillo B. & Junior A. Ojeda Cunya, 2024. "Time-Varying Effects of External Shocks on Macroeconomic Fluctuations in Peru: An Empirical Application using TVP-VAR-SV Models," Open Economies Review, Springer, vol. 35(5), pages 1015-1050, November.
    30. Williamson, Jeffrey G. & Bhattacharyya, Sambit, 2013. "Distributional Impact of Commodity Price Shocks: Australia over a Century," CEPR Discussion Papers 9582, C.E.P.R. Discussion Papers.
    31. Mr. Luis Catão & Sandeep Kapur, 2004. "Missing Link: Volatility and the Debt Intolerance Paradox," IMF Working Papers 2004/051, International Monetary Fund.
    32. Jansen, Marion & Piermartini, Roberta & Lennon, Carolina, 2009. "Exposure to External Country Specific Shocks and Income Volatility," CEPR Discussion Papers 7123, C.E.P.R. Discussion Papers.
    33. David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp280, IIIS.
    34. Samuel Guérineau & Hélène Ehrhart, 2012. "The impact of high and volatile commodity prices on public finances: Evidence from developing countries," Working Papers halshs-00659098, HAL.
    35. Ng, Eric C.Y. & Feng, Ning, 2016. "Housing market dynamics in a small open economy: Do external and news shocks matter?," Journal of International Money and Finance, Elsevier, vol. 63(C), pages 64-88.
    36. Thomas Lubik & Wing Leong Teo, 2005. "Do Terms of Trade Shocks Drive Business Cycles? Some Evidence from Structural Estimation," Computing in Economics and Finance 2005 377, Society for Computational Economics.
    37. Stéphane Pallage & Michel A. Robe & Catherine Bérubé, 2004. "On the Potential of Foreign Aid as Insurance," Cahiers de recherche 0404, CIRPEE.
    38. Sahoo, Pravakar & Bishnoi, Ashwani, 2021. "Impact of outward foreign direct investment: Evidence from Asia," Journal of Policy Modeling, Elsevier, vol. 43(5), pages 1131-1148.
    39. Giscard Assoumou Ella, 2013. "The viability of an economic and monetary union in Africa with a unified currency: evidence from the African economies' reactions to the international income, price and monetary shocks," Working Papers hal-00851594, HAL.
    40. André, NYEMBWE & Konstantin, KHOLODILIN, 2005. "North-South Asymmetric Relationships : Does the EMU Business Affect Small African Economies ?," Discussion Papers (ECON - Département des Sciences Economiques) 2005032, Université catholique de Louvain, Département des Sciences Economiques.
    41. Titus Ayobami Ojeyinka & Dauda Olalekan Yinusa, 2023. "External Shocks and Their Transmission Channels in Nigeria: A Dynamic Stochastic General Equilibrium Approach," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(1), pages 132-153, January.
    42. Hem C. Basnet & Satis C. Devkota & Mukti P. Upadhyay, 2021. "Terms of trade and real domestic income: New evidence from South and Southeast Asia," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4315-4331, July.
    43. Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015. "Business cycles accounting for Paraguay," Policy Research Working Paper Series 7284, The World Bank.
    44. Raddatz, Claudio, 2005. "Are external shocks responsible for the instability of output in low income countries?," Policy Research Working Paper Series 3680, The World Bank.
    45. Iyer, Tara, 2020. "The welfare implications of exchange rate choices in developing agricultural economies," Journal of Macroeconomics, Elsevier, vol. 66(C).
    46. Alain Kabundi, 2009. "Synchronisation Between South Africa And The U.S.: A Structural Dynamic Factor Analysis," South African Journal of Economics, Economic Society of South Africa, vol. 77(1), pages 1-27, March.
    47. Sèna Kimm Gnangnon, 2018. "Multilateral Trade Liberalization and Terms of Trade Volatility," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-21, October.
    48. C.T. Vidya, 2024. "Dynamics of Trade Characteristics, Competition Networks, and Trade Fragility in ASEAN Economies," Working Papers DP-2023-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    49. Mr. Andrew Berg & Mr. Rafael A Portillo & Mr. Edward F Buffie & Ms. Catherine A Pattillo & Luis-Felipe Zanna, 2012. "Public Investment, Growth, and Debt Sustainability: Putting together the Pieces," IMF Working Papers 2012/144, International Monetary Fund.
    50. Vincent Bodart & François Courtoy & Erica Perego, 2021. "World interest rates and macroeconomic adjustments in developing commodity producing countries," LIDAM Discussion Papers IRES 2021002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    51. Alarcon Gambarte, Samuel, 2019. "Shocks de precios internacionales bajo incertidumbre estocástica [International Prices Shocks under Stochastic Uncertainty]," MPRA Paper 97116, University Library of Munich, Germany.
    52. Tony Addison & Atanu Ghoshray & Michalis P. Stamatogiannis, 2016. "Agricultural Commodity Price Shocks and Their Effect on Growth in Sub-Saharan Africa," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(1), pages 47-61, February.
    53. Gonzalo Hernández, 2011. "Terms of Trade and Output Fluctuations in Colombia," UMASS Amherst Economics Working Papers 2011-04, University of Massachusetts Amherst, Department of Economics.
    54. Boucekkine, Raouf & Martinez, Blanca, 2003. "Replacement, adoption and economic dynamics: lessons from a canonical creative destruction model," Structural Change and Economic Dynamics, Elsevier, vol. 14(3), pages 339-359, September.
    55. Timmermann, Allan & Aiolfi, Marco & Catão, Luís, 2010. "Common Factors in Latin America?s Business Cycles," CEPR Discussion Papers 7671, C.E.P.R. Discussion Papers.
    56. Sèna Kimm Gnangnon, 2021. "Exchange rate pressure, fiscal redistribution and poverty in developing countries," Economic Change and Restructuring, Springer, vol. 54(4), pages 1173-1203, November.
    57. Mr. C. John McDermott & Mr. Eswar S Prasad & Pierre-Richard Agénor, 1999. "Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts," IMF Working Papers 1999/035, International Monetary Fund.
    58. Kagiso Mangadi & Jeffrey Sheen, 2017. "Identifying terms of trade shocks in a developing country using a sign restrictions approach," Applied Economics, Taylor & Francis Journals, vol. 49(24), pages 2298-2315, May.
    59. Samuel GUERINEAU & Hélène EHRHART, 2011. "Commodity price volatility and Tax revenues: Evidence from developing countries," Working Papers 201131, CERDI.
    60. Bastien BEDOSSA & Gaëlle LETILLY, 2017. "Impacts de la crise en Afrique subsaharienne," Working Paper 84bbf2e4-fd14-41ec-bee5-d, Agence française de développement.
    61. Bichaka Fayissa & Christian Nsiah & Prathibha V. Joshi, 2010. "Perceived Financial Risk and the Economic Growth of sub-Saharan African Countries - Rischio finanziario percepito e divergenza nella crescita economica dei paesi dell’Africa sub-sahariana," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 63(2), pages 179-192.
    62. Shakirudeen Taiwo & Josine Uwilingiye, 2023. "New evidence on sources of macroeconomic fluctuations in sub‐Saharan African countries," African Development Review, African Development Bank, vol. 35(2), pages 181-197, June.
    63. Edward, Batte Sennoga & John Mary, Matovu, 2016. "Growth and Welfare Effects of Macroeconomic Shocks in Uganda," Occasional Papers 244096, Economic Policy Research Centre (EPRC).
    64. José Luis Nolazco & Patricia Lengua-Lafosse & Nikita Céspedes Reynaga, 2020. "Contribución de los choques externos en el crecimiento económico del Perú: un modelo semi-estructural," Capítulos de libros, in: Nikita Céspedes Reynaga & Norman V. Loayza & Nelson R. Ramírez Rondán (ed.), Crecimiento económico en el Perú: causas y consecuencias, edition 1, volume 1, chapter 3, pages 74-117, Universidad de San Martín de Porres.
    65. RANAIVOSON, Tojonirina Miada Zafindraibe & LAZAMANANA, Pierre Andre, 2025. "The Effects of Carbon taxation and Climate Financing on the Malagasy Economy: An Application using a DSGE Model," MPRA Paper 126370, University Library of Munich, Germany, revised 2025.
    66. Suliman Zakaria S. Abdalla, 2014. "The Impact of Oil Price Fluctuations on the Sudanese Stock Market Performance," Working Papers 887, Economic Research Forum, revised Dec 2014.
    67. Takeuchi, Fumihide, 2011. "The role of production fragmentation in international business cycle synchronization in East Asia," Journal of Asian Economics, Elsevier, vol. 22(6), pages 441-459.
    68. Eswar S. Prasad & Kenneth S. Rogoff & Shang-Jin Wei & M. Ayhan Kose, 2004. "Financial Globalization, Growth and Volatility in Developing Countries," NBER Working Papers 10942, National Bureau of Economic Research, Inc.
    69. Adjalala, Frida & Dissou, Yazid, 2023. "Idiosyncratic shocks in a currency union: Insights from West Africa," Economic Modelling, Elsevier, vol. 122(C).
    70. Ekeocha, Patterson & Ogbuabor, Jonathan, 2020. "Measuring and Evaluating the Dynamics of Trade Shock Propagation in the Oceania," Conference papers 333234, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    71. Jeffrey G. Williamson, 2008. "Globalization and the Great Divergence: Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913," Working Papers 08-07, Association Française de Cliométrie (AFC).
    72. Pablo A. Acosta & Emmanuel K. K. Lartey & Federico S. Mandelman, 2007. "Remittances and the Dutch disease," FRB Atlanta Working Paper 2007-08, Federal Reserve Bank of Atlanta.
    73. Salifou Issoufou & Mr. Edward F Buffie & Mouhamadou Bamba Diop & Kalidou Thiaw, 2014. "Efficient Energy Investment and Fiscal Adjustment in Senegal," IMF Working Papers 2014/044, International Monetary Fund.
    74. Bichaka Fayissa & Christian Nsiah & Prathibha V. Joshi, 2008. "Perceived Financial Risk and Divergence in the Economic Growth of Sub-Saharan African Countries," Working Papers 200804, Middle Tennessee State University, Department of Economics and Finance.
    75. Senbeta, Sisay, 2011. "A small open economy New Keynesian model for a foreign exchange constrained economy," MPRA Paper 29996, University Library of Munich, Germany.
    76. Williamson, Jeffrey G. & Blattman, Christopher & ,, 2005. "The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939: Volatility and Secular Change," CEPR Discussion Papers 5073, C.E.P.R. Discussion Papers.
    77. Gnangnon, Sèna Kimm, 2023. "Effect of the duration of membership in the GATT/WTO on economic growth volatility," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 448-467.
    78. SENBATA, Sisay Regassa, 2011. "How applicable are the new Keynesian DSGE models to a typical low-income economy?," Working Papers 2011016, University of Antwerp, Faculty of Business and Economics.
    79. Hélène Ehrhart & Samuel Guérineau, 2013. "Commodity price volatility and tax revenue: Evidence from developing countries," Working papers 423, Banque de France.
    80. Gabriel Rodríguez & Pierina Villanueva Vega & Paul Castillo Bardalez, 2018. "Driving economic fluctuations in Peru: the role of the terms of trade," Empirical Economics, Springer, vol. 55(3), pages 1089-1119, November.
    81. Omoshoro-Jones, Oyeyinka Sunday & Bonga-Bonga, Lumengo, 2020. "Intra-regional spillovers from Nigeria and South Africa to the rest of Africa: New evidence from a FAVAR model," MPRA Paper 99514, University Library of Munich, Germany.
    82. Eléazar Zerbo, 2017. "Energy consumption and economic growth in Sub-Saharan African countries: Further evidence," Economics Bulletin, AccessEcon, vol. 37(3), pages 1720-1744.
    83. Marion Jansen & Carolina Lennon & Roberta Piermartini, 2016. "Income volatility: whom you trade with matters," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(1), pages 127-146, February.
    84. Emmanuel K. K. Lartey, 2008. "Capital Inflows, Resource Reallocation and the Real Exchange Rate," International Finance, Wiley Blackwell, vol. 11(2), pages 131-152, August.
    85. Giscard Assoumou Ella, 2013. "Impact of international income, prices and monetary shocks on real exchange rate in eight African economies: An empirical study," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(3), pages 41-54, September.
    86. Samuel Guérineau & Hélène Ehrhart, 2012. "The impact of high and volatile commodity prices on public finances: Evidence from developing countries," Working Papers halshs-00659100, HAL.
    87. Romain Houssa, 2004. "Monetary Union in West Africa and Asymmetric Shocks: A Dynamic Structural Factor Model Approach," Development and Comp Systems 0409063, University Library of Munich, Germany.
    88. Tarlok Singh, 2023. "Do terms of trade affect economic growth? Robust evidence from India," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(2), pages 491-521, April.
    89. Samuel Guérineau & Hélène Ehrhart, 2012. "The impact of high and volatile commodity prices on public finances: Evidence from developing countries," CERDI Working papers halshs-00659100, HAL.
    90. Rasaki, Mutiu Gbade & Malikane, Christopher, 2015. "Macroeconomic shocks and fluctuations in African economies," Economic Systems, Elsevier, vol. 39(4), pages 675-696.
    91. Masahiro Kodama, 2013. "External Shocks and High Volatility in Consumption in Low-Income Countries," The Developing Economies, Institute of Developing Economies, vol. 51(3), pages 278-302, September.
    92. Christopher Blattman & Jason Hwang & Jeffrey G. Williamson, 2003. "The Terms of Trade and Economic Growth in the Periphery 1870-1938," NBER Working Papers 9940, National Bureau of Economic Research, Inc.
    93. Kodama, Masahiro, 2006. "Business Cycles of Non-mono-cultural Developing Economies: The Case of ASEAN Countries," IDE Discussion Papers 52, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    94. Angela Ifeanyi Ukemenam & Babatunde Opadeji & Tuwe Soro Garbobiya & Augustine Ujunwa, 2018. "Macroeconomic Effects of Exogenous Oil Price Shock in Nigeria: Persistent or Transitory," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(11), pages 1-28, November.
    95. Blattman, Christopher & Hwang, Jason & Williamson, Jeffrey G., 2007. "Winners and losers in the commodity lottery: The impact of terms of trade growth and volatility in the Periphery 1870-1939," Journal of Development Economics, Elsevier, vol. 82(1), pages 156-179, January.
    96. Kodama, Masahiro, 2012. "Aid Unpredictability and Economic Growth," World Development, Elsevier, vol. 40(2), pages 266-272.
    97. Canh P. Nguyen & Christophe Schinckus & Dinh Su Thanh, 2020. "Economic Fluctuations And The Shadow Economy: A Global Study," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-24, September.
    98. Michael Webb, 2005. "The conflicting impacts of export fluctuations and diversification programmes," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 14(3), pages 271-280.
    99. Mr. P. van den Boogaerde & Mr. Charalambos G Tsangarides, 2005. "Ten Years After the CFA Franc Devaluation: Progress Toward Regional Integration in the WAEMU," IMF Working Papers 2005/145, International Monetary Fund.
    100. Patricia Gómez-González & Daniel Rees, 2013. "Stochastic Terms of Trade Volatility in Small Open Economies," RBA Research Discussion Papers rdp2013-10, Reserve Bank of Australia.
    101. Luis Catão & Sandeep Kapur, 2006. "Volatility and the Debt-Intolerance Paradox," IMF Staff Papers, Palgrave Macmillan, vol. 53(2), pages 1-1.
    102. Lukman Oyeyinka Oyelami & P.A. Olomola, 2016. "External shocks and macroeconomic responses in Nigeria: A global VAR approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1239317-123, December.
    103. Romero-Ávila, Diego, 2009. "Multiple Breaks, Terms of Trade Shocks and the Unit-Root Hypothesis for African Per Capita Real GDP," World Development, Elsevier, vol. 37(6), pages 1051-1068, June.
    104. Hyeongwoo Kim, 2013. "Are Global Food Prices Becoming More Volatile and More Persistent?," Auburn Economics Working Paper Series auwp2013-22, Department of Economics, Auburn University.
    105. Jane Mpapalika, 2020. "Alternative Financing Instruments for African Economies," 2020 Papers pmp2, Job Market Papers.
    106. Adesola Ibironke, 2021. "Africa’s Trade with China and US: Has COVID-19 Changed the Trends of Trade?," Journal of Economic Impact, Science Impact Publishers, vol. 3(2), pages 55-66.
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    108. Francisco J. Sáez & Luis A. Puch, 2003. "Trade Shoks and Aggregate Fluctuations in an Oil-Exporting Economy," Documentos de Trabajo del ICAE 0301, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    109. Sissoko, Yaya & Dibooglu, Sel, 2006. "The exchange rate system and macroeconomic fluctuations in Sub-Saharan Africa," Economic Systems, Elsevier, vol. 30(2), pages 141-156, June.

  84. M. Ayhan Kose & Raymond Riezman, 1999. "Understanding the Welfare Implications of Preferential Trade Agreements," CSGR Working papers series 45/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.

    Cited by:

    1. Burfisher, Mary E. & Robinson, Sherman & Thierfelder, Karen, 2004. "Regionalism: old and new, theory and practice," MTID discussion papers 65, International Food Policy Research Institute (IFPRI).
    2. T. Huw Edwards & John Whalley, 2003. "Short and Long Run Decompositions of OECD Wage Inequality Changes," University of Western Ontario, Departmental Research Report Series 20032, University of Western Ontario, Department of Economics, revised Sep 2002.
    3. Lisandro Abrego & Raymond Riezman & John Whalley, 2006. "How reasonable are assumptions used in theoretical models? Computational evidence on the likelihood of trade pattern changes," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(3), pages 781-789, August.
    4. Carsten Kowalczyk & Raymond Riezman, 2013. "Trade Agreements," Palgrave Macmillan Books, in: Daniel Bernhofen & Rod Falvey & David Greenaway & Udo Kreickemeier (ed.), Palgrave Handbook of International Trade, chapter 13, pages 367-388, Palgrave Macmillan.
    5. M. Ayhan Kose & Raymond Riezman, 2000. "Small Countries and Preferential Trade Agreements "How Severe is the Innocent Bystander Problem?"," CESifo Working Paper Series 253, CESifo.
    6. Mukunoki, Hiroshi, 2004. "On the optimal external tariff of a free trade area with internal market integration," Japan and the World Economy, Elsevier, vol. 16(4), pages 431-448, December.
    7. Conconi, P., 2000. "Trade Bloc Formation Under Imperfect Competition," The Warwick Economics Research Paper Series (TWERPS) 571, University of Warwick, Department of Economics.
    8. Bond, Eric W. & Riezman, Raymond G. & Syropoulos, Constantinos, 2004. "A strategic and welfare theoretic analysis of free trade areas," Journal of International Economics, Elsevier, vol. 64(1), pages 1-27, October.
    9. Kawabata, Yasushi & Yanase, Akihiko & Kurata, Hiroshi, 2010. "Vertical trade and free trade agreements," Journal of the Japanese and International Economies, Elsevier, vol. 24(4), pages 569-585, December.
    10. Chang, Winston W. & Chen, Tai-Liang & Saito, Tetsuya, 2021. "Formation of symmetric free-trade blocs, optimal tariff structure, and world welfare," Journal of Asian Economics, Elsevier, vol. 77(C).
    11. Ben Zissimos, 2007. "Why are Trade Agreements Regional?," Working Papers 2007.67, Fondazione Eni Enrico Mattei.
    12. Wall, Howard-J, 2002. "Has Japan Been Left Out in the Cold by Regional Integration?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 20(2), pages 117-134, April.
    13. Mr. Ayhan Kose & Mr. Christopher M Towe & Mr. Guy M Meredith, 2004. "How Has Nafta Affected the Mexican Economy? Review and Evidence," IMF Working Papers 2004/059, International Monetary Fund.
    14. Chang, Yang-Ming & Xiao, Renfeng, 2015. "Preferential trade agreements between asymmetric countries: Free trade areas (with rules of origin) vs. customs unions," Japan and the World Economy, Elsevier, vol. 33(C), pages 28-43.

  85. Sunghyun Henry Kim & M. Ayhan Kose, 1999. "Dynamics of Open Economy Models: What Is the Role of the Discount Factor?," Computing in Economics and Finance 1999 1231, Society for Computational Economics.

    Cited by:

    1. Jinill Kim & Sunghyun Henry Kim & Andrew Levin, 2000. "Patience, Persistence and Properties of Two-Country Incomplete Market Models," Econometric Society World Congress 2000 Contributed Papers 1764, Econometric Society.
    2. Blankenau, William & Ayhan Kose, M. & Yi, Kei-Mu, 2001. "Can world real interest rates explain business cycles in a small open economy?," Journal of Economic Dynamics and Control, Elsevier, vol. 25(6-7), pages 867-889, June.

  86. William Blankenau & M. Ayhan Kose & Kei-Mu Yi, 1999. "Can world real interest rates explain business cycles in a small open economy?," Staff Reports 94, Federal Reserve Bank of New York.

    Cited by:

    1. Takashi Kano, 2007. "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect," CIRJE F-Series CIRJE-F-505, CIRJE, Faculty of Economics, University of Tokyo.
    2. Joshua Aizenman & Menzie Chinn & Hiro Ito, 2010. "The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma," ADBI Working Papers 213, Asian Development Bank Institute.
    3. M-A. Letendre, 2002. "Semi-Parametric Predictions of the Intertemporal Approach to the Current Account," Department of Economics Working Papers 2002-01, McMaster University.
    4. Joshua Aizenman & Menzie D. Chinn & Hiro Ito, 2010. "Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma," NBER Working Papers 15876, National Bureau of Economic Research, Inc.
    5. Hideaki Hirata, 2014. "Preference Shocks, International Frictions, and International Business Cycles," Working Paper 164446, Harvard University OpenScholar.
    6. Aizenman, Joshua & Chinn, Menzie D. & Ito, Hiro, 2010. "The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration," Journal of International Money and Finance, Elsevier, vol. 29(4), pages 615-641, June.
    7. Thomas Lubik & Wing Teo, 2005. "Do World Shocks Drive Domestic Business Cycles? Some Evidence from Structural Estimation," Economics Working Paper Archive 522, The Johns Hopkins University,Department of Economics.
    8. Pierre Richard Agénor, 2006. "External Shocks and the Urban Poor," Economics Discussion Paper Series 0607, Economics, The University of Manchester.
    9. Kose, M. Ayhan & Riezman, Raymond, 2001. "Trade shocks and macroeconomic fluctuations in Africa," Journal of Development Economics, Elsevier, vol. 65(1), pages 55-80, June.
    10. H. Youn Kim, 2003. "Intertemporal production and asset pricing: a duality approach," Oxford Economic Papers, Oxford University Press, vol. 55(2), pages 344-379, April.
    11. S. Tolga Tiryaki, 2010. "Interest Rates and Real Business Cycles in Emerging Markets (Yukselen Piyasalarda Faiz Oranlari ve Reel Is Cevrimleri)," Working Papers 1008, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    12. Takashi Kano, 2007. "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect (Revised as CARF-F-124 (2008) )," CARF F-Series CARF-F-101, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    13. M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
    14. Takashi Kano, 2003. "A Structural VAR Approach to the Intertemporal Model of the Current Account," Staff Working Papers 03-42, Bank of Canada.
    15. Marc‐André Letendre & Daqing Luo, 2007. "Investment‐specific shocks and external balances in a small open economy model," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(2), pages 650-678, May.
    16. Alessandro Moro, 2021. "Can capital controls promote green investments in developing countries?," Temi di discussione (Economic working papers) 1348, Bank of Italy, Economic Research and International Relations Area.
    17. Nolan, Charles & Thoenissen, Christoph, 2009. "Financial shocks and the US business cycle," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 596-604, May.
    18. Kim, Dong-Hyeon & Lin, Shu-Chin & Suen, Yu-Bo, 2010. "Dynamic effects of trade openness on financial development," Economic Modelling, Elsevier, vol. 27(1), pages 254-261, January.
    19. Works, Richard & Haan, Perry, 2017. "An Empirical Study of Japanese and South Korean Exchange Rates Using the Sticky-Price Monetary Theory," MPRA Paper 77235, University Library of Munich, Germany.
    20. HAZMAN, Samsudin & OMAR, Khatijah & ABD HALIMB, Abi sofian & SYAZWAN SHAMSUDIN, Muhammad Saiful, 2021. "Export Led Growth Via Intra-Regional Trading An Econometric Analysis Of Asean, Eu, Nafta, Mercosur And Comesa," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(2), pages 5-28.
    21. Joshua Aizenman & Menzie D. Chinn & Hiro Ito, 2008. "Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time," NBER Working Papers 14533, National Bureau of Economic Research, Inc.
    22. Marta Arespa, 2011. "Macroeconomics of extensive margins: a simple model," Working Papers XREAP2011-19, Xarxa de Referència en Economia Aplicada (XREAP), revised Nov 2011.
    23. Demirel Ufuk D, 2009. "The Transmission of Foreign Interest Rate Shocks to a Small-Open Economy: The Role of External Debt and Financial Integration," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-37, February.
    24. Ng, Eric C.Y. & Feng, Ning, 2016. "Housing market dynamics in a small open economy: Do external and news shocks matter?," Journal of International Money and Finance, Elsevier, vol. 63(C), pages 64-88.
    25. Thomas Lubik & Wing Leong Teo, 2005. "Do Terms of Trade Shocks Drive Business Cycles? Some Evidence from Structural Estimation," Computing in Economics and Finance 2005 377, Society for Computational Economics.
    26. Sin-Yu Ho & Nicholas M. Odhiambo, 2019. "The macroeconomic drivers of stock market development: evidence from Hong Kong," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 12(2), pages 185-207, July.
    27. André, NYEMBWE & Konstantin, KHOLODILIN, 2005. "North-South Asymmetric Relationships : Does the EMU Business Affect Small African Economies ?," Discussion Papers (ECON - Département des Sciences Economiques) 2005032, Université catholique de Louvain, Département des Sciences Economiques.
    28. Ashraf, Badar Nadeem, 2018. "Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies," Research in International Business and Finance, Elsevier, vol. 44(C), pages 434-458.
    29. Koehler-Geib,Fritzi & Hnatkovska,Viktoria, 2015. "Business cycles accounting for Paraguay," Policy Research Working Paper Series 7284, The World Bank.
    30. César Calderón & Norman Loayza & Klaus Schmidt-Hebbel, 2006. "External Conditions and Growth Performance," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo Caballero & César Calderón & Luis Felipe Céspedes & Norman Loayza (Series Editor) & Klaus Sc (ed.),External Vulnerability and Preventive Policies, edition 1, volume 10, chapter 3, pages 041-070, Central Bank of Chile.
    31. Varela, Liliana, 2017. "Sector heterogeneity and credit market imperfections in emerging markets," LSE Research Online Documents on Economics 102061, London School of Economics and Political Science, LSE Library.
    32. YAMADA, Haruna, 2023. "Financial Integration, Excess Consumption Volatility, and the World Real Interest Rate," Discussion paper series HIAS-E-133, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    33. Koichi Yoshimine, 2010. "The Transmission of US Business Cycles to the Canadian Economy," International Economic Journal, Taylor & Francis Journals, vol. 24(2), pages 155-170.
    34. Federico S. Mandelman & Alan Finkelstein Shapiro, 2014. "Remittances, entrepreneurship, and employment dynamics over the business cycle," FRB Atlanta Working Paper 2014-19, Federal Reserve Bank of Atlanta.
    35. Nason, James M. & Rogers, John H., 2006. "The present-value model of the current account has been rejected: Round up the usual suspects," Journal of International Economics, Elsevier, vol. 68(1), pages 159-187, January.
    36. Maußner Alfred, 2002. "Adjustment Costs and Nominal Rigidities in a Small Open Economy / Anpassungskosten und nominelle Rigiditäten in einer kleinen offenen Volkswirtschaft," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(4), pages 463-489, August.
    37. Alessandro Moro, 2025. "Optimal policies in a small open economy with an environmental externality and shallow foreign exchange markets," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(1), pages 35-50, January.
    38. William Blankenau and M. Ayhan Kose, 2001. "How different is the cyclical behavior of home production across countries?," Computing in Economics and Finance 2001 117, Society for Computational Economics.
    39. Samsudin Hazman, 2016. "Can Greater Openness and Deeper Financial Development Drag ASEAN-5 into Another Series of Economic Crises?," Asian Social Science, Canadian Center of Science and Education, vol. 12(8), pages 125-125, August.
    40. Takashi Kano, 2008. "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect ( Revised version of CARF-F-101(2007); Revised version subsequently published in "Journal of International ," CARF F-Series CARF-F-124, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    41. Works, Richard Floyd, 2016. "Econometric modeling of exchange rate determinants by market classification: An empirical analysis of Japan and South Korea using the sticky-price monetary theory," MPRA Paper 76382, University Library of Munich, Germany.
    42. Eswar S. Prasad & Kenneth S. Rogoff & Shang-Jin Wei & M. Ayhan Kose, 2004. "Financial Globalization, Growth and Volatility in Developing Countries," NBER Working Papers 10942, National Bureau of Economic Research, Inc.
    43. Jiang, Mingming, 2016. "By force of demand: Explaining cyclical fluctuations of international trade and government spending," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 249-267.
    44. P R Agénor, 2006. "Corruption Clubs: Endogenous Thresholds in Corruption and Development," Centre for Growth and Business Cycle Research Discussion Paper Series 68, Economics, The University of Manchester.
    45. Kim, H. Youn, 2014. "International financial integration and risk sharing among countries: A production-based approach," Journal of the Japanese and International Economies, Elsevier, vol. 31(C), pages 16-35.
    46. Hess, Martin K., 2004. "Dynamic and asymmetric impacts of macroeconomic fundamentals on an integrated stock market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(5), pages 455-471, December.
    47. Calderon, Cesar & Loayza, Norman & Schmidt-Hebbel, Klaus, 2005. "Does openness imply greater exposure ?," Policy Research Working Paper Series 3733, The World Bank.
    48. Ahiteme N. Houndonougbo, 2017. "Aid Volatility and Real Business Cycles in a Developing Open Economy," Southern Economic Journal, John Wiley & Sons, vol. 83(3), pages 756-773, January.
    49. Mohammed Mizanur Rahman & Munni Begum & Badar Nadeem Ashraf & Md. Abdul Kaium Masud, 2020. "Does Trade Openness Affect Bank Risk-Taking Behavior? Evidence from BRICS Countries," Economies, MDPI, vol. 8(3), pages 1-30, September.
    50. Fornero, Jorge & Kirchner, Markus & Molina, Carlos, 2024. "Estimating shadow policy rates in a small open economy and the role of foreign factors," Journal of International Money and Finance, Elsevier, vol. 140(C).
    51. Kose, M. Ayhan, 2002. "Explaining business cycles in small open economies: 'How much do world prices matter?'," Journal of International Economics, Elsevier, vol. 56(2), pages 299-327, March.
    52. Zhao, Yan, 2011. "Borrowing constraints and the trade balance-output comovement," MPRA Paper 36902, University Library of Munich, Germany.
    53. Ricardo Caballero & César Calderón & Luis Felipe Céspedes, 2006. "External Vulnerability and Preventive Policies: An Overview," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo Caballero & César Calderón & Luis Felipe Céspedes & Norman Loayza (Series Editor) & Klaus Sc (ed.),External Vulnerability and Preventive Policies, edition 1, volume 10, chapter 1, pages 001-014, Central Bank of Chile.
    54. Marc‐André Letendre, 2004. "Capital utilization and habit formation in a small open economy model," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(3), pages 721-741, August.
    55. César Calderón & Norman V. Loayza & Klaus Schmidt-Hebbel, 2008. "Does Openness Imply Greater Vulnerability?," Working Papers Central Bank of Chile 485, Central Bank of Chile.
    56. Meenagh, David & Minford, Patrick & Oyekola, Olayinka, 2015. "Oil Prices and the Dynamics of Output and Real Exchange Rate," Cardiff Economics Working Papers E2015/18, Cardiff University, Cardiff Business School, Economics Section.
    57. Kerli Lille, 2017. "The Role Of Capital Controls In Mediating Global Shocks," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 102, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    58. Sinem Pınar Gürel & Aykut Lenger, 2016. "The Nonlinear Analysis of External Dynamics on Economic Growth: The Case of Turkey," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 9(1), pages 57-68, April.
    59. Mr. Marco Terrones & Mr. Eswar S Prasad & Mr. Ayhan Kose, 2003. "Financial Integration and Macroeconomic Volatility," IMF Working Papers 2003/050, International Monetary Fund.
    60. Alejandro Justiniano, 2004. "Sources and Propagation Mechanims of Foreign Disturbances in Small Open Economies: A Dynamic Factor Analysis," Econometric Society 2004 Latin American Meetings 148, Econometric Society.
    61. Muhanji, Stella & Ojah, Kalu, 2011. "External shocks and persistence of external debt in open vulnerable economies: The case of Africa," Economic Modelling, Elsevier, vol. 28(4), pages 1615-1628, July.
    62. Olayinka Oyekola, 2022. "How Resilient Is the U.S. Economy to Foreign Disturbances?," Mathematics, MDPI, vol. 10(9), pages 1-33, April.

  87. M. Ayhan Kose & Raymond Riezman, 1998. "External Shocks and Economic Dynamics: The Case of African Countries," CESifo Working Paper Series 155, CESifo.

    Cited by:

    1. Hans-Werner Sinn, 1999. "Inflation and Welfare: Comment on Robert Lucas," NBER Working Papers 6979, National Bureau of Economic Research, Inc.

  88. anonymous, 1991. "PRE working paper series : numbers 628 to 668," Policy Research Working Paper Series 10354, The World Bank.

    Cited by:

    1. E. W. S. Kam & R. C. K. Leung & R. M. C. So & X. M. Li, 2007. "A Lattice Boltzmann Method For Computation Of Aeroacoustic Interaction," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 463-472.
    2. EL-SAYED El-DAHSHAN & AMR RADI & MAHMOUD Y. El-BAKRY, 2009. "Genetic Programing Modeling For Nucleus–Nucleus Collisions," International Journal of Modern Physics C (IJMPC), World Scientific Publishing Co. Pte. Ltd., vol. 20(11), pages 1817-1825.
    3. Thiele, Rainer & Wiebelt, Manfred, 1992. "Wirtschaftspolitische Optionen zur Begrenzung der Tropenwaldrodung: das Beispiel Kamerun," Open Access Publications from Kiel Institute for the World Economy 1546, Kiel Institute for the World Economy (IfW Kiel).

  89. Sunghyun Henry Kim & M. Ayhan Kose, "undated". "Sources of Fluctuations," Working Paper 164481, Harvard University OpenScholar.

    Cited by:

    1. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok, 2013. "Regionalization vs. Globalization," Koç University-TUSIAD Economic Research Forum Working Papers 1302, Koc University-TUSIAD Economic Research Forum.
    2. Alandejani, Maha & Kutan, Ali M. & Samargandi, Nahla, 2017. "Do Islamic banks fail more than conventional banks?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 50(C), pages 135-155.
    3. Le, Ha, 2014. "Dynamics of Business Cycles in Vietnam: A comparison with Indonesia and Philippines," MPRA Paper 57010, University Library of Munich, Germany, revised 01 Jul 2014.
    4. Balcilar, Mehmet & Kutan, Ali M. & Yaya, Mehmet E., 2017. "Financial integration in small Islands: The case of Cyprus," International Review of Economics & Finance, Elsevier, vol. 47(C), pages 201-219.
    5. Ftiti, Zied & Hadhri, Sinda, 2019. "Can economic policy uncertainty, oil prices, and investor sentiment predict Islamic stock returns? A multi-scale perspective," Pacific-Basin Finance Journal, Elsevier, vol. 53(C), pages 40-55.
    6. Ahmed, Walid M.A., 2021. "Stock market reactions to upside and downside volatility of Bitcoin: A quantile analysis," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    7. Jawadi, Fredj & Jawadi, Nabila & Idi Cheffou, Abdoukarim, 2019. "A statistical analysis of uncertainty for conventional and ethical stock indexes," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 9-17.
    8. Haddad, Hedi Ben & Mezghani, Imed & Al Dohaiman, Mohammed, 2020. "Common shocks, common transmission mechanisms and time-varying connectedness among Dow Jones Islamic stock market indices and global risk factors," Economic Systems, Elsevier, vol. 44(2).
    9. Ahmed, Walid M.A., 2019. "Islamic and conventional equity markets: Two sides of the same coin, or not?," The Quarterly Review of Economics and Finance, Elsevier, vol. 72(C), pages 191-205.
    10. Guan, Jialin & Xu, Huijuan & Huo, Da & Hua, Yechun & Wang, Yunfeng, 2021. "Economic policy uncertainty and corporate innovation: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    11. Suliman Zakaria S. Abdalla, 2014. "The Impact of Oil Price Fluctuations on the Sudanese Stock Market Performance," Working Papers 887, Economic Research Forum, revised Dec 2014.
    12. Muteba Mwamba, John W. & Hammoudeh, Shawkat & Gupta, Rangan, 2017. "Financial tail risks in conventional and Islamic stock markets: A comparative analysis," Pacific-Basin Finance Journal, Elsevier, vol. 42(C), pages 60-82.
    13. Audi, Marc & Sadiq, Azhar & Ali, Amjad, 2021. "Performance Evaluation of Islamic and Non-Islamic Equity and Bonds Indices: Evidence from selected Emerging and Developed Countries," MPRA Paper 109866, University Library of Munich, Germany.
    14. Wang, Xinyu & Luo, Yi & Wang, Zhuqing & Xu, Yan & Wu, Congxin, 2021. "The impact of economic policy uncertainty on volatility of China’s financial stocks: An empirical analysis," Finance Research Letters, Elsevier, vol. 39(C).
    15. Lin, Boqiang & Su, Tong, 2020. "The linkages between oil market uncertainty and Islamic stock markets: Evidence from quantile-on-quantile approach," Energy Economics, Elsevier, vol. 88(C).
    16. Ahmed, Walid M.A., 2020. "Corruption and equity market performance: International comparative evidence," Pacific-Basin Finance Journal, Elsevier, vol. 60(C).
    17. Nguyen, Dat Thanh & Phan, Dinh Hoang Bach & Anglingkusumo, Reza & Sasongko, Aryo, 2021. "US government shutdowns and Indonesian stock market," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    18. Jung Park, Yuen & Kutan, Ali M. & Ryu, Doojin, 2019. "The impacts of overseas market shocks on the CDS-option basis," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 622-636.
    19. Balcilar, Mehmet & Bagzibagli, Kemal, 2010. "Sources of Macroeconomic Fluctuations in MENA Countries," MPRA Paper 44351, University Library of Munich, Germany.
    20. Scott W. Hegerty, 2014. "Do International Capital Flows Worsen Macroeconomic Volatility in Transition Economies?," Bulletin of Applied Economics, Risk Market Journals, vol. 1(1), pages 1-13.
    21. Zaghum Umar & Syed Jawad Hussain Shahzad & Román Ferrer & Francisco Jareño, 2018. "Does Shariah compliance make interest rate sensitivity of Islamic equities lower? An industry level analysis under different market states," Applied Economics, Taylor & Francis Journals, vol. 50(42), pages 4500-4521, September.
    22. Kerstin Hotte & Melline Somers & Angelos Theodorakopoulos, 2022. "Technology and jobs: A systematic literature review," Papers 2204.01296, arXiv.org.
    23. Tang, Wenjin & Ding, Saijie & Chen, Hao, 2021. "Economic uncertainty and its spillover networks: Evidence from the Asia-Pacific countries," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).

  90. Sunghyun Henry Kim & M. Ayhan Kose, "undated". "Integration and Fluctuations," Working Paper 164486, Harvard University OpenScholar.

    Cited by:

    1. Mr. Rodney Ramcharan, 2005. "How Big Are the Benefits of Economic Diversification? Evidence from Earthquakes," IMF Working Papers 2005/048, International Monetary Fund.
    2. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(1), pages 5-34, February.
    3. Eslamloueyan, Karim & Fatemifar, Neda, 2021. "Does deeper financial integration lead to macroeconomic and financial instability in Asia?," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 437-451.
    4. Balcilar, Mehmet & Bagzibagli, Kemal, 2010. "Sources of Macroeconomic Fluctuations in MENA Countries," MPRA Paper 44351, University Library of Munich, Germany.
    5. Niranjan R., 2017. "Financial Integrational Effects on Macroeconomic Instability in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(2), pages 143-166, May.

Articles

  1. Ha, Jongrim & Kim, Dohan & Kose, M. Ayhan & Prasad, Eswar S., 2025. "Resolving puzzles of monetary policy transmission in emerging markets," European Economic Review, Elsevier, vol. 173(C).
    See citations under working paper version above.
  2. Ha, Jongrim & Kose, M. Ayhan & Otrok, Christopher & Prasad, Eswar S., 2025. "Global macro-financial cycles and spillovers," Journal of Banking & Finance, Elsevier, vol. 178(C).
    See citations under working paper version above.
  3. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge & Hakan Yilmazkuday, 2025. "What Explains Global Inflation," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(2), pages 522-555, June.
    See citations under working paper version above.
  4. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska, 2023. "One-stop source: A global database of inflation," Journal of International Money and Finance, Elsevier, vol. 137(C).
    See citations under working paper version above.
  5. Islamaj, Ergys & Kose, M. Ayhan, 2022. "What types of capital flows help improve international risk sharing?," Journal of International Money and Finance, Elsevier, vol. 122(C).
    See citations under working paper version above.
  6. Carmen M. Reinhart & Franziska L. Ohnsorge & Kenneth S. Rogoff & M. Ayhan Kose, 2022. "The Aftermath of Debt Surges," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 637-663, August.
    See citations under working paper version above.
  7. Kose M. Ayhan & Ohnsorge Franziska & Sugawara Naotaka, 2022. "A Mountain of Debt: Navigating the Legacy of the Pandemic," Journal of Globalization and Development, De Gruyter, vol. 13(2), pages 233-268, December.
    See citations under working paper version above.
  8. Kose, M. Ayhan & Kurlat, Sergio & Ohnsorge, Franziska & Sugawara, Naotaka, 2022. "A cross-country database of fiscal space," Journal of International Money and Finance, Elsevier, vol. 128(C).
    See citations under working paper version above.
  9. Raju Huidrom & M. Ayhan Kose & Hideaki Matsuoka & Franziska L. Ohnsorge, 2020. "How important are spillovers from major emerging markets?," International Finance, Wiley Blackwell, vol. 23(1), pages 47-63, March.
    See citations under working paper version above.
  10. Huidrom, Raju & Kose, M. Ayhan & Lim, Jamus J. & Ohnsorge, Franziska L., 2020. "Why do fiscal multipliers depend on fiscal Positions?," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 109-125.
    See citations under working paper version above.
  11. Ergys Islamaj & M. Ayhan Kose & Franziska L. Ohnsorge & Lei Sandy Ye, 2019. "Explaining Recent Investment Weakness: Causes and Implications," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(8), pages 1709-1721, June.

    Cited by:

    1. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2020. "Subdued Potential Growth: Sources and Remedies," Koç University-TUSIAD Economic Research Forum Working Papers 2009, Koc University-TUSIAD Economic Research Forum.
    2. Sharif Mozumder & Mohammad Zoynul Abedin & Raad Lalon & Amjad Hossain, 2024. "Which User-Friendly Model is the Best for BASEL-III? An Emerging Market Study," Computational Economics, Springer;Society for Computational Economics, vol. 64(5), pages 3049-3086, November.

  12. Supriyo De & Ergys Islamaj & M. Ayhan Kose & S. Reza Yousefi, 2019. "Remittances over the business cycle: Theory and evidence," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 48(3), November.
    See citations under working paper version above.
  13. Raju Huidrom & M. Ayhan Kose & Franziska L. Ohnsorge, 2018. "Challenges of Fiscal Policy in Emerging and Developing Economies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(9), pages 1927-1945, July.
    See citations under working paper version above.
  14. Islamaj, Ergys & Kose, M. Ayhan, 2016. "How does the sensitivity of consumption to income vary over time? International evidence," Journal of Economic Dynamics and Control, Elsevier, vol. 72(C), pages 169-179.
    See citations under working paper version above.
  15. Kose, M. Ayhan, 2016. "Comments on “Pareto weights as wedges in two-country models” by D. Backus, C. Coleman, A. Ferriere and S. Lyon," Journal of Economic Dynamics and Control, Elsevier, vol. 72(C), pages 111-114.

    Cited by:

    1. Yoonhee Park & Doo Hun Lim & Woocheol Kim & Hana Kang, 2020. "Organizational Support and Adaptive Performance: The Revolving Structural Relationships between Job Crafting, Work Engagement, and Adaptive Performance," Sustainability, MDPI, vol. 12(12), pages 1-14, June.

  16. Diana A. Cooke & M. Ayhan Kose & Christopher Otrok & Michael T. Owyang, 2015. "Regional vs. Global: How Are Countries' Business Cycles Moving Together These Days?," The Regional Economist, Federal Reserve Bank of St. Louis, issue April.

    Cited by:

    1. Emmanuel Ameyaw, 2023. "The relevance of domestic and foreign factors in driving Ghana’s business cycle," SN Business & Economics, Springer, vol. 3(9), pages 1-33, September.
    2. Marta SIMÕES & João Sousa ANDRADE & Adelaide DUARTE, 2022. "Human capital and labour market resilience over time: a regional perspective of the Portuguese case," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13, pages 26-59, June.
    3. Berry A. Harahap & Pakasa Bary & Anggita Cinditya M. Kusuma, 2018. "The Determinants Of Indonesian Business Cycle," Working Papers WP/30/2018, Bank Indonesia.
    4. Arčabić, Vladimir & Škrinjarić, Tihana, 2021. "Sharing is caring: Spillovers and synchronization of business cycles in the European Union," Economic Modelling, Elsevier, vol. 96(C), pages 25-39.

  17. Kim, Sunghyun H. & Kose, M. Ayhan, 2014. "Welfare implications of trade liberalization and fiscal reform: A quantitative experiment," Journal of International Economics, Elsevier, vol. 92(1), pages 198-209.

    Cited by:

    1. Farajzadeh, Zakariya & Zhu, Xueqin & Bakhshoodeh, Mohammad, 2017. "Trade reform in Iran for accession to the World Trade Organization: Analysis of welfare and environmental impacts," Economic Modelling, Elsevier, vol. 63(C), pages 75-85.
    2. Derek Kellenberg & Arik Levinson, 2016. "Misreporting Trade: Tariff Evasion, Corruption, and Auditing Standards," NBER Working Papers 22593, National Bureau of Economic Research, Inc.
    3. Alejandro Cuñat & Szabolcs Deák & Marco Maffezzoli, 2010. "Tax Cuts in Open Economies," DEGIT Conference Papers c015_052, DEGIT, Dynamics, Economic Growth, and International Trade.
    4. Zolfaghari, Mehdi, 2023. "How does US tariff policy affect the relationship among crude oil, the US dollar and metal markets?," Resources Policy, Elsevier, vol. 85(PB).
    5. Kim, Kyounghun & Yang, Eunsun & Choi, Yoonseok, 2024. "Heterogeneous effects of carbon tax, subsidy and foreign carbon emissions on low- and high-carbon firms," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 260-279.
    6. Choi, Yoonseok & Hirata, Hideaki & Kim, Sunghyun Henry, 2017. "Tax reform in Japan: Is it welfare-enhancing?," Japan and the World Economy, Elsevier, vol. 42(C), pages 12-22.
    7. Celine de Quatrebarbes & Bertrand Laporte & Stéphane Calipel, 2021. "Fighting the soaring prices of agricultural food products. VAT versus Trade tariffs exemptions in a context of imperfect competition in Niger : CGE and micro-simulation approach," Working Papers hal-03138369, HAL.
    8. Céline de Quatrebarbes & Bertrand Laporte & Stéphane Calipel, 2021. "Fighting the soaring prices of agricultural food products -VAT versus Trade tariffs exemptions. A case study in Niger," Working Papers hal-03164636, HAL.
    9. Thiess Büttner & Boryana Madzharova, 2016. "WTO Membership and the Shift to Consumption Taxes," CESifo Working Paper Series 6052, CESifo.
    10. Choi, Yoonseok & Kim, Sunghyun, 2016. "Dynamic scoring of tax reforms in a small open economy model," Economic Modelling, Elsevier, vol. 58(C), pages 182-193.

  18. Stijn Claessens & M. Ayhan Kose, 2013. "Financial Crises: Review and Evidence," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(3), pages 1-23.

    Cited by:

    1. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
    2. Zhu, Xiaoqian & Xie, Yongjia & Li, Jianping & Wu, Dengsheng, 2015. "Change point detection for subprime crisis in American banking: From the perspective of risk dependence," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 18-28.

  19. M. Ayhan Kose & Prakash Loungani & Marco E. Terrones, 2013. "From the Global to the National Cycle: An Intricate Liaison," Pacific Economic Review, Wiley Blackwell, vol. 18(3), pages 370-402, August.

    Cited by:

    1. Fatma Pinar Erdem & Erdal Ozmen, 2014. "Exchange Rate Regimes and Business Cycles: An Empirical Investigation," ERC Working Papers 1404, ERC - Economic Research Center, Middle East Technical University, revised Jun 2014.
    2. Comunale, Mariarosaria, 2017. "A panel VAR analysis of macro-financial imbalances in the EU," Working Paper Series 2026, European Central Bank.
    3. Mariarosaria Comunale, 2017. "Synchronicity of real and financial cycles and structural characteristics in EU countries," Bank of Lithuania Occasional Paper Series 15, Bank of Lithuania.
    4. Terrones, Marco E., 2019. "Do Fixers Perform Worse than Non-Fixers during Global Recessions and Recoveries?," MPRA Paper 91783, University Library of Munich, Germany.
    5. Sylvain Leduc & Mark M. Spiegel, 2013. "Is Asia Decoupling from the United States (Again)?," Working Paper Series 2013-10, Federal Reserve Bank of San Francisco.
    6. Montinari, Letizia & Stracca, Livio, 2016. "Trade, finance or policies: What drives the cross-border spill-over of business cycles?," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 131-148.
    7. Silvia Palasca & Elisabeta Jaba, 2014. "Leading and Lagging Indicators Of the Economic Crisis," Romanian Statistical Review, Romanian Statistical Review, vol. 62(3), pages 31-47, September.
    8. Lillie Lam & James Yetman, 2013. "Asia's Decoupling: Fact, Fairytale or Forecast?," Pacific Economic Review, Wiley Blackwell, vol. 18(3), pages 321-344, August.
    9. Afonso, António & Morão, Hugo, 2024. "Commonalities and heterogeneity in the Iberian business cycle," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    10. Lillie Lam & James Yetman, 2013. "Asia’s decoupling: fact, forecast or fiction?," BIS Working Papers 438, Bank for International Settlements.

  20. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E Terrones, 2013. "Global House Price Fluctuations: Synchronization and Determinants," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 9(1), pages 119-166.
    See citations under working paper version above.
  21. Claessens, Stijn & Kose, M. Ayhan & Terrones, Marco E., 2012. "How do business and financial cycles interact?," Journal of International Economics, Elsevier, vol. 87(1), pages 178-190.
    See citations under working paper version above.
  22. M. Ayhan Kose & Christopher Otrok & Eswar Prasad, 2012. "Global Business Cycles: Convergence Or Decoupling?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages 511-538, May.
    See citations under working paper version above.
  23. Ayhan Kose, M. & Prasad, Eswar S. & Taylor, Ashley D., 2011. "Thresholds in the process of international financial integration," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 147-179, February.
    See citations under working paper version above.
  24. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Financial Cycles: What? How? When?," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 303-344.
    See citations under working paper version above.
  25. Pierre-Olivier Gourinchas & M Ayhan Kose, 2011. "Economic Linkages, Spillovers, and the Financial Crisis—2," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(1), pages 1-5, April.

    Cited by:

    1. Barbara Jankowska & Katarzyna Mroczek-Dąbrowska & Marian Gorynia & Marlena Dzikowska, 2016. "Are Firms in Corporate Groups More Resilient During an Economic Crisis? Evidence from the Manufacturing Sector in Poland," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 12(4), pages 5-28.

  26. Helbling, Thomas & Huidrom, Raju & Kose, M. Ayhan & Otrok, Christopher, 2011. "Do credit shocks matter? A global perspective," European Economic Review, Elsevier, vol. 55(3), pages 340-353, April.
    See citations under working paper version above.
  27. Mario Crucini & Ayhan Kose & Christopher Otrok, 2011. "What are the driving forces of international business cycles?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 156-175, January.
    See citations under working paper version above.
  28. S. Borağan Aruoba & Francis X. Diebold & M. Ayhan Kose & Marco E. Terrones, 2011. "Globalization, the Business Cycle, and Macroeconomic Monitoring," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 245-286.
    See citations under working paper version above.
  29. Kose, M. Ayhan, 2011. "Carmen M. Reinhart and Kenneth S. Rogoff, This Time is Different: Eight Centuries of Financial Folly , Princeton University Press (2009)," Journal of International Economics, Elsevier, vol. 84(1), pages 132-134, May.

    Cited by:

    1. Edgardo Cayón, 2014. "The Effects of Contagion During the Global Financial Crisis in Government-Regulated and Sponsored Assets in Emerging Markets," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 3-2014, January-A.

  30. Claessens, Stijn & Kose, M. Ayhan, 2010. "The financial crisis of 2008-2009: Origins, issues, and prospects," Journal of Asian Economics, Elsevier, vol. 21(3), pages 239-241, June.

    Cited by:

    1. Sarod Khandaker & Silvia Zia Islam, 2017. "International Tourism Demand and Macroeconomic Factors," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 389-393.
    2. Abdulghani Gaghman, 2020. "2008 Global Financial Recession Impact on Yemen's Economy and Oil Industry," Technium Social Sciences Journal, Technium Science, vol. 5(1), pages 46-60, March.

  31. Cardarelli, Roberto & Elekdag, Selim & Kose, M. Ayhan, 2010. "Capital inflows: Macroeconomic implications and policy responses," Economic Systems, Elsevier, vol. 34(4), pages 333-356, December.
    See citations under working paper version above.
  32. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "Recessions and Financial Disruptions in Emerging Marketes: A Bird's Eye View," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 13(2), pages 55-84, August.

    Cited by:

    1. Jean-Pierre Allegret, 2012. "Responses of Monetary Authorities in Emerging Economies to International Financial Crises: What Do We Really Know?," Post-Print hal-01385893, HAL.
    2. Calderón, César & Fuentes, J. Rodrigo, 2014. "Have business cycles changed over the last two decades? An empirical investigation," Journal of Development Economics, Elsevier, vol. 109(C), pages 98-123.
    3. Allen, Franklin & Gu, Xian & Kowalewski, Oskar, 2011. "Financial Crisis, Structure and Reform," Working Papers 11-37, University of Pennsylvania, Wharton School, Weiss Center.
    4. Paweł Baranowski & Piotr Krajewski & Michał Mackiewicz & Agata Szymańska, 2016. "The Effectiveness of Fiscal Policy Over the Business Cycle: A CEE Perspective," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(8), pages 1910-1921, August.
    5. Pierre-Richard Agénor & Luiz A. Pereira da Silva, 2013. "Inflation Targeting and Financial Stability: A Perspective from the Developing World," Working Papers Series 324, Central Bank of Brazil, Research Department.
    6. Kosta Josifidis & Jean-Pierre Allegret & Céline Gimet & Emilija Beker Pucar, 2014. "Macroeconomic policy responses to financial crises in emerging European economies," Post-Print halshs-00976661, HAL.
    7. Peter Claeys, 2017. "Uncertainty spillover and policy reactions," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 35(82), pages 64-77.
    8. Franziska Bremus & Claudia M. Buch, 2015. "Banking Market Structure and Macroeconomic Stability: Are Low-Income Countries Special?," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 73-100, February.
    9. Carrière-Swallow, Yan & Céspedes, Luis Felipe, 2013. "The impact of uncertainty shocks in emerging economies," Journal of International Economics, Elsevier, vol. 90(2), pages 316-325.
    10. Claessens, Stijn & Ayhan Kose, M. & Terrones, Marco E., 2010. "The global financial crisis: How similar? How different? How costly?," Journal of Asian Economics, Elsevier, vol. 21(3), pages 247-264, June.

  33. Claessens, Stijn & Ayhan Kose, M. & Terrones, Marco E., 2010. "The global financial crisis: How similar? How different? How costly?," Journal of Asian Economics, Elsevier, vol. 21(3), pages 247-264, June.
    See citations under working paper version above.
  34. M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 8-62, April.
    See citations under working paper version above.
  35. Kose, M. Ayhan & Prasad, Eswar S. & Terrones, Marco E., 2009. "Does financial globalization promote risk sharing?," Journal of Development Economics, Elsevier, vol. 89(2), pages 258-270, July.

    Cited by:

    1. Malik, Samreen, 2015. "Financial-integration thresholds for consumption risk-sharing," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 73-93.
    2. Fidrmuc, Jarko & Degler, Moritz, 2021. "Temporal And Spatial Dependence Of Interregional Risk Sharing: Evidence From Russia," Macroeconomic Dynamics, Cambridge University Press, vol. 25(1), pages 178-200, January.
    3. Malik, Samreen, 2014. "Ex-ante implications of sovereign default," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 386-397.
    4. Ergys Islamaj & M. Ayhan Kose, 2016. "How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence," CAMA Working Papers 2016-22, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    5. Ergys Islamaj & M. Ayhan Kose, 2021. "What types of capital flows help improve international risk sharing?," CAMA Working Papers 2021-96, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2009. "Financial Globalization and Economic Policies," CEPR Discussion Papers 7117, C.E.P.R. Discussion Papers.
    7. Balli, Faruk & Pericoli, Filippo M. & Pierucci, Eleonora, 2018. "Globalization and international risk-sharing: The role of social and political integration," European Journal of Political Economy, Elsevier, vol. 55(C), pages 324-345.
    8. Cavoli, Tony & Gopalan, Sasidaran, 2023. "Does financial inclusion promote consumption smoothing? Evidence from emerging and developing economies," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 1529-1546.
    9. Wang, Xun, 2022. "Financial liberalization and the investment-cash flow sensitivity," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    10. Paula Garda & Volker Ziemann, 2014. "Economic Policies and Microeconomic Stability: A Literature Review and Some Empirics," OECD Economics Department Working Papers 1115, OECD Publishing.
    11. Orlowski, Lucjan T., 2020. "Capital markets integration and economic growth in the European Union," Journal of Policy Modeling, Elsevier, vol. 42(4), pages 893-902.
    12. Daragh Clancy & Lorenzo Ricci, 2019. "Loss aversion, economic sentiments and international consumption smoothing," Working Papers 35, European Stability Mechanism.
    13. Franziska Bremus & Tatsiana Kliatskova, 2018. "Legal Harmonization, Institutional Quality, and Countries' External Positions: A Sectoral Analysis," Discussion Papers of DIW Berlin 1768, DIW Berlin, German Institute for Economic Research.
    14. Vadym Volosovych, 2011. "Risk sharing from international factor income: explaining cross-country differences," Post-Print hal-00768584, HAL.
    15. Malin Gardberg, 2022. "Financial reforms and low‐income households' impact on international consumption risk sharing," International Finance, Wiley Blackwell, vol. 25(3), pages 375-395, December.
    16. Chun‐Yu Ho & Wai‐Yip Alex Ho, 2015. "Dynamics and Heterogeneity of Inter‐ and Intranational Risk Sharing," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(1), pages 123-142, February.
    17. Balli, Faruk & Basher, Syed Abul & Rana, Faisal, 2014. "The determinants of the volatility of returns on cross-border asset holdings," Journal of International Money and Finance, Elsevier, vol. 44(C), pages 1-23.
    18. Ms. Kimberly Beaton & Ms. Svetlana Cerovic & Misael Galdamez & Metodij Hadzi-Vaskov & Franz Loyola & Zsoka Koczan & Mr. Bogdan Lissovolik & Mr. Jan Kees Martijn & Ms. Yulia Ustyugova & Joyce Wong, 2017. "Migration and Remittances in Latin America and the Caribbean: Engines of Growth and Macroeconomic Stabilizers?," IMF Working Papers 2017/144, International Monetary Fund.
    19. Huidrom,Raju & Kose,Ayhan & Ohnsorge,Franziska Lieselotte, 2017. "How important are spillovers from major emerging markets ?," Policy Research Working Paper Series 8093, The World Bank.
    20. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104, Central Bank of Chile.
    21. Bengui, Julien & Mendoza, Enrique G. & Quadrini, Vincenzo, 2013. "Capital mobility and international sharing of cyclical risk," Journal of Monetary Economics, Elsevier, vol. 60(1), pages 42-62.
    22. Stähler, Nikolai, 2011. "Recent developments in quantitative models of sovereign default," Discussion Paper Series 1: Economic Studies 2011,17, Deutsche Bundesbank.
    23. Fidrmuc, Jarko & Moroz, Serhiy & Reck, Fabian, 2020. "Regional risk-sharing in Ukraine," BOFIT Discussion Papers 25/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
      • Jarko Fidrmuc & Serhiy Moroz & Fabian Reck, 2021. "Regional risk-sharing in Ukraine," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(3), pages 645-660, August.
    24. Faruk Balli & Syed Abul Basher & Hatice Ozer Balli, 2013. "International Income Risk-Sharing and the Global Financial Crisis of 2008- 2009," CAMA Working Papers 2013-02, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    25. Milesi-Ferretti, Gian Maria & Lane, Philip, 2010. "The Cross-Country Incidence of the Global Crisis," CEPR Discussion Papers 7954, C.E.P.R. Discussion Papers.
    26. Peter Fuleky & L Ventura & Qianxue Zhao, 2013. "Common Correlated Effects and International Risk Sharing," Working Papers 201315, University of Hawaii at Manoa, Department of Economics.
    27. Schmitz, Martin, 2012. "Financial markets and international risk sharing in emerging market economics," Working Paper Series 1451, European Central Bank.
    28. Yasuyuki Sawada, 2017. "Disasters, Household Decisions, and Insurance Mechanisms: A Review of Evidence and a Case Study from a Developing Country in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 12(1), pages 18-40, January.
    29. Eswar S. Prasad, 2011. "Role reversal in global finance," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 339-390.
    30. Nadia Doytch, 2022. "FDI: Hot or Cold Money? The Behaviour of Sectoral FDI Inflows and Outflows Over Periods of Growth Accelerations and Decelerations," Foreign Trade Review, , vol. 57(3), pages 324-350, August.
    31. Gilbert Mbara, 2018. "Risk sharing with gradual financial integration: the Visegrád countries and the euro area," Bank i Kredyt, Narodowy Bank Polski, vol. 49(1), pages 17-44.
    32. Rim Jalloul & Mahfuzul Haque, 2025. "The Impact of Risk Management on Countries in the MENA Region," JRFM, MDPI, vol. 18(5), pages 1-13, May.
    33. Fassil Fanta, 2012. "Financial liberalization and consumption volatility: explaining heterogeneity across countries," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 5(2), pages 197-212, May.
    34. Jesper Rangvid & Maik Schmeling & Andreas Schrimpf, 2009. "Global Asset Pricing: Is There a Role for Long-run Consumption Risk?," CREATES Research Papers 2009-57, Department of Economics and Business Economics, Aarhus University.
    35. Atanas CHRISTEV & Jacques MELITZ, 2010. "EMU, EU, Capital Market Integration and Consumption Smoothing," Working Papers 2010-06, Center for Research in Economics and Statistics.
    36. Cavallaro, Eleonora & Villani, Ilaria, 2024. "Financial Asymmetries, Risk Sharing and Growth in The EU," Single Market Economics Papers WP2024/21, Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team.
    37. Jinyeong Yun, 2023. "Capital Inflows and Income Inequality:Evidence from Panel VAR Approach," MAGKS Papers on Economics 202322, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    38. Bahadir, Berrak & Lastrapes, William D., 2015. "Emerging market economies and the world interest rate," Journal of International Money and Finance, Elsevier, vol. 58(C), pages 1-28.
    39. Luigi Ventura & Maria Ventura, 2021. "Migration, diversity and regional risk sharing," Applied Economics, Taylor & Francis Journals, vol. 53(44), pages 5090-5102, September.
    40. Corsetti, Giancarlo & Lipinska, Anna & Lombardo, Giovanni, 2024. "International Risk Sharing and Wealth Allocation with Higher Order Cumulants," CEPR Discussion Papers 19425, C.E.P.R. Discussion Papers.
    41. M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2008. "Global Business Cycles: Convergence or Decoupling?," NBER Working Papers 14292, National Bureau of Economic Research, Inc.
    42. Furceri, Davide & Loungani, Prakash, 2018. "The distributional effects of capital account liberalization," Journal of Development Economics, Elsevier, vol. 130(C), pages 127-144.
    43. Helena Chulià & Jorge M. Uribe, 2018. "“Together forever? Good and bad market volatility shocks and international consumption risk sharing: A tale of a sign”," IREA Working Papers 201809, University of Barcelona, Research Institute of Applied Economics, revised May 2018.
    44. Parsley, David & Popper, Helen, 2019. "GDP Synchronicity and Risk Sharing Channels in a Monetary Union: Blue State and Red States," MPRA Paper 98981, University Library of Munich, Germany.
    45. Claudia M. Buch, 2008. "The Great Risk Shift? Income Volatility in an International Perspective," CESifo Working Paper Series 2465, CESifo.
    46. Atanas Christev & Jacques Melitz, 2011. "EMU, EU, Market Integration and Consumption Smoothing," Working Papers 2011-21, CEPII research center.
    47. Cheng Zhou, 2022. "The impact of financial openness on income inequality," Economics Bulletin, AccessEcon, vol. 42(4), pages 1931-1945.
    48. Eleonora Pierucci & Luigi Ventura, 2011. "On international risk sharing and financial globalization: some gloomy evidence," Departmental Working Papers of Economics - University 'Roma Tre' 0124, Department of Economics - University Roma Tre.
    49. Hevia, Constantino & Servén, Luis, 2018. "Assessing the degree of international consumption risk sharing," Journal of Development Economics, Elsevier, vol. 134(C), pages 176-190.
    50. Erika Urbankova & David Krizek, 2020. "Homogeneity of Determinants in the Financial Sector and Investment in EU Countries," Economies, MDPI, vol. 8(1), pages 1-17, February.
    51. Tiago Pinheiro & Francisco Rivadeneyra & Marc Teignier, 2013. "Financial Development and the Volatility of Income," Staff Working Papers 13-4, Bank of Canada.
    52. Pilar Poncela & Filippo Pericoli & Anna Manca & Filippo Michela Nardo, 2016. "Risk Sharing in Europe," JRC Research Reports JRC104621, Joint Research Centre.
    53. Deng, Yang & Zhang, Ziqing & Zhu, Li, 2021. "A model-based index for systemic risk contribution measurement in financial networks," Economic Modelling, Elsevier, vol. 95(C), pages 35-48.
    54. Herwartz, Helmut & Walle, Yabibal M., 2014. "Openness and the finance-growth nexus," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 235-247.
    55. Thomas A. Knetsch & Arne J. Nagengast, 2017. "Penny wise and pound foolish? On the income from Germany’s foreign investments," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(4), pages 753-778, November.
    56. Roya Taherifar & Mark J. Holmes & Gazi M. Hassan, 2023. "Does economic openness matter in the impact of financial development on income inequality?," Working Papers in Economics 23/04, University of Waikato.
    57. Abdullah Alsadan & Hassan Alalmaee & Chokri Zehri & Wissem Ajili Ben Youssef, 2025. "Global financial fragmentation under raised geopolitical risk," International Economics and Economic Policy, Springer, vol. 22(3), pages 1-32, July.
    58. Michael Donadelli & Ivan Gufler, 2024. "Economic and financial integration, capital controls, and risk sharing," Economica, London School of Economics and Political Science, vol. 91(364), pages 1482-1520, October.
    59. Schröder, Marcel, 2019. "Valuation effects and risk sharing during the era of financial globalization," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 467-480.
    60. Julan Du & Qing He & Oliver M. Rui, 2011. "Channels of Interprovincial Risk Sharing in China," Working Papers 122011, Hong Kong Institute for Monetary Research.
    61. Islamaj, Ergys & Kose, Ayhan M. & De, Supriyo & Yousefi, S. Reza, 2019. "Remittances over the Business Cycle: Theory and Evidence," MPRA Paper 109337, University Library of Munich, Germany, revised 2019.
    62. Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, December.
    63. Yıldırım, Zal & Şendeniz-Yüncü, İlkay, 2025. "Financial development, international financial integration, and income inequality: An emerging markets perspective," Research in International Business and Finance, Elsevier, vol. 77(PA).
    64. Yiping Huang & Xue Wang & Xun Wang, 2020. "Mobile Payment in China: Practice and Its Effects," Asian Economic Papers, MIT Press, vol. 19(3), pages 1-18, Fall.
    65. John Bosco Nnyanzi, 2015. "Financial Openness, Capital Flows and Risk Sharing in Africa," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 15(1), pages 51-82, March.
    66. Li, Zhongda & Liu, Lu, 2018. "Financial globalization, domestic financial freedom and risk sharing across countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 151-169.
    67. Beaton Kimberly & Cevik Serhan & Yousefi Seyed Reza, 2018. "Smooth operator: remittances and household consumption during fiscal shocks," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-21, June.
    68. Yan Bai & Jing Zhang, 2006. "Financial Integration and International Risk Sharing," 2006 Meeting Papers 371, Society for Economic Dynamics.
    69. Clancy, Daragh & Ricci, Lorenzo, 2022. "Economic sentiments and international risk sharing," International Economics, Elsevier, vol. 169(C), pages 208-229.
    70. Silvio Contessi & Pierangelo DePace & Johanna L. Francis, 2008. "The cyclical properties of disaggregated capital flows," Working Papers 2008-041, Federal Reserve Bank of St. Louis.
    71. Rahul Mukherjee, 2011. "Country Portfolios with Imperfect Corporate Governance," IHEID Working Papers 08-2011, Economics Section, The Graduate Institute of International Studies.
    72. Attanasio, O. & Bonfatti, A. & Kitao, S. & Weber, G., 2016. "Global Demographic Trends," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 179-235, Elsevier.
    73. Ejaz Ghani, 2011. "Reshaping Tomorrow : Is South Asia Ready for the Big Leap?," World Bank Publications - Books, The World Bank Group, number 16360.
    74. N. Holinski & C.J.M. Kool & J. Muysken, 2011. "The Impact of International Portfolio Composition on Consumption Risk Sharing," Working Papers 11-20, Utrecht School of Economics.
    75. António Afonso & José Alves & Krzysztof Beck & Karen Jackson, 2022. "Financial, Institutional and Macroeconomic Determinants of Cross-Country Portfolio Equity Flows," Working Papers REM 2022/0235, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
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    133. Giancarlo Corsetti & Anna Lipínska & Giovanni Lombardo, 2021. "Sharing asymmetric tail risk smoothing, asset pricing and terms of trade," BIS Working Papers 958, Bank for International Settlements.
    134. Donadelli, M. & Gufler, I. & Paradiso, A., 2024. "Financial market integration: A complex and controversial journey," International Review of Financial Analysis, Elsevier, vol. 92(C).
    135. Cavallaro, Eleonora & Villani, Ilaria, 2024. "Financial resilience, growth and risk sharing in the EU," International Economics, Elsevier, vol. 180(C).
    136. Afonso, António & Alves, José & Beck, Krzysztof & Jackson, Karen, 2024. "Financial, institutional, and macroeconomic determinants of cross-country portfolio equity flows: The case of developed countries," Economic Modelling, Elsevier, vol. 141(C).
    137. Najabat Ali & Khamphe Phoungthong & Anwar Khan & Shah Abbas & Azer Dilanchiev & Shahbaz Tariq & Muhammad Nauman Sadiq, 2023. "Does FDI foster technological innovations? Empirical evidence from BRICS economies," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-20, March.
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    139. Feriansyah & Noer Azam Achsani & Tony Irawan, 2018. "The Effect Of Financial Liberalization And Capital Flows On Income Volatility In Asia-Pacific," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 20(3), pages 257-278, January.
    140. Trang Thi-Huyen Dinh & Duc Hong Vo & Anh The Vo & Thang Cong Nguyen, 2019. "Foreign Direct Investment and Economic Growth in the Short Run and Long Run: Empirical Evidence from Developing Countries," JRFM, MDPI, vol. 12(4), pages 1-11, November.
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  36. M Ayhan Kose, 2009. "Frontiers of Research on Financial Globalization," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 1-7, April.

    Cited by:

    1. Ito, Hiro & Kawai, Masahiro, 2024. "Monetary and fiscal policy impacts under alternative trilemma regimes," Journal of International Money and Finance, Elsevier, vol. 149(C).
    2. Chung‐Hua Shen & Chien‐Chiang Lee & Chi‐Chuan Lee, 2010. "What Makes International Capital Flows Promote Economic Growth? An International Cross‐Country Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(5), pages 515-546, November.

  37. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2009. "What happens during recessions, crunches and busts? [Business cycles for G-7 and European countries]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 24(60), pages 653-700.
    See citations under working paper version above.
  38. Ayhan Kose, M. & Prasad, Eswar S. & Terrones, Marco E., 2009. "Does openness to international financial flows raise productivity growth?," Journal of International Money and Finance, Elsevier, vol. 28(4), pages 554-580, June.
    See citations under working paper version above.
  39. Stijn Claessens & M.Ayhan Köse & Marco E.Terrones, 2008. "Financial Stress and Economic Activity," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 2(2), pages 11-24.

    Cited by:

    1. Chau, Frankie & Deesomsak, Rataporn, 2014. "Does linkage fuel the fire? The transmission of financial stress across the markets," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 57-70.
    2. Cevik, Emrah Ismail & Dibooglu, Sel & Kenc, Turalay, 2013. "Measuring financial stress in Turkey," Journal of Policy Modeling, Elsevier, vol. 35(2), pages 370-383.
    3. Yildirim, Yusuf & Sanyal, Anirban, 2021. "Financial Stress and Effect on Real Economy: The Turkish Experience," MPRA Paper 109845, University Library of Munich, Germany.
    4. Cevik, Emrah I. & Dibooglu, Sel & Kenc, Turalay, 2016. "Financial stress and economic activity in some emerging Asian economies," Research in International Business and Finance, Elsevier, vol. 36(C), pages 127-139.
    5. Didem Gunes & Ferhat Camlica, 2016. "Financial Stress and Economic Activity : A Threshold VAR Analysis for Turkey," CBT Research Notes in Economics 1628, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    6. Cevik, Emrah Ismail & Dibooglu, Sel & Kutan, Ali M., 2013. "Measuring financial stress in transition economies," Journal of Financial Stability, Elsevier, vol. 9(4), pages 597-611.
    7. Hussin Abdullah & Jauhari Dahalan & Khaw Lee Hwei & Mohammed Umar & Md Mohan Uddin, 2017. "Malaysian Financial Stress Index and Assessing its Impacts on the Economy," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 227-235.

  40. AkIn, Cigdem & Kose, M. Ayhan, 2008. "Changing nature of North-South linkages: Stylized facts and explanations," Journal of Asian Economics, Elsevier, vol. 19(1), pages 1-28, February.
    See citations under working paper version above.
  41. Ayhan Kose, M. & Otrok, Christopher & Whiteman, Charles H., 2008. "Understanding the evolution of world business cycles," Journal of International Economics, Elsevier, vol. 75(1), pages 110-130, May.
    See citations under working paper version above.
  42. Blankenau, William & Kose, M. Ayhan, 2007. "How Different Is The Cyclical Behavior Of Home Production Across Countries?," Macroeconomic Dynamics, Cambridge University Press, vol. 11(1), pages 56-78, February.
    See citations under working paper version above.
  43. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(1), pages 5-34, February.

    Cited by:

    1. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok, 2013. "Regionalization vs. Globalization," Koç University-TUSIAD Economic Research Forum Working Papers 1302, Koc University-TUSIAD Economic Research Forum.
    2. Le, Ha, 2014. "Dynamics of Business Cycles in Vietnam: A comparison with Indonesia and Philippines," MPRA Paper 57010, University Library of Munich, Germany, revised 01 Jul 2014.
    3. Suliman Zakaria S. Abdalla, 2014. "The Impact of Oil Price Fluctuations on the Sudanese Stock Market Performance," Working Papers 887, Economic Research Forum, revised Dec 2014.
    4. Balcilar, Mehmet & Bagzibagli, Kemal, 2010. "Sources of Macroeconomic Fluctuations in MENA Countries," MPRA Paper 44351, University Library of Munich, Germany.
    5. Scott W. Hegerty, 2014. "Do International Capital Flows Worsen Macroeconomic Volatility in Transition Economies?," Bulletin of Applied Economics, Risk Market Journals, vol. 1(1), pages 1-13.

  44. Kose, M. Ayhan & Yi, Kei-Mu, 2006. "Can the standard international business cycle model explain the relation between trade and comovement?," Journal of International Economics, Elsevier, vol. 68(2), pages 267-295, March.
    See citations under working paper version above.
  45. Kose, M. Ayhan & Prasad, Eswar S. & Terrones, Marco E., 2006. "How do trade and financial integration affect the relationship between growth and volatility?," Journal of International Economics, Elsevier, vol. 69(1), pages 176-202, June.
    See citations under working paper version above.
  46. M. Ayhan Kose & Eswar S. Prasad & Marco E. Terrones, 2005. "Growth and Volatility in an Era of Globalization," IMF Staff Papers, Palgrave Macmillan, vol. 52(si), pages 31-63.

    Cited by:

    1. Bilge Erten & Anton Korinek & José Antonio Ocampo, 2019. "Capital Controls: Theory and Evidence," NBER Working Papers 26447, National Bureau of Economic Research, Inc.
    2. Elena Andreou & Alessandra Pelloni & Marianne Sensier, 2008. "Is Volatility Good for Growth? Evidence from the G7," Centre for Growth and Business Cycle Research Discussion Paper Series 97, Economics, The University of Manchester.
    3. Ćorić, Bruno & Pugh, Geoff, 2013. "Foreign direct investment and output growth volatility: A worldwide analysis," International Review of Economics & Finance, Elsevier, vol. 25(C), pages 260-271.
    4. Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2009. "Financial Globalization and Economic Policies," CEPR Discussion Papers 7117, C.E.P.R. Discussion Papers.
    5. Antonakakis, N. & Badinger, H., 2016. "Economic growth, volatility, and cross-country spillovers: New evidence for the G7 countries," Economic Modelling, Elsevier, vol. 52(PB), pages 352-365.
    6. Ahmed, Abdullahi D. & Suardi, Sandy, 2009. "Macroeconomic Volatility, Trade and Financial Liberalization in Africa," World Development, Elsevier, vol. 37(10), pages 1623-1636, October.
    7. Mario Holzner & Stefan Jestl & David Pichler, 2022. "Public and private pension systems and macroeconomic volatility in OECD countries," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(2), pages 131-168, May.
    8. Ho-Chuan (River) Huang & WenShwo Fang & Stephen M. Miller, 2013. "Does Financial Development Volatility Affect Industrial Growth Volatility?," Working Papers 1302, University of Nevada, Las Vegas , Department of Economics.
    9. Rose, Andrew & Spiegel, Mark, 2007. "International Financial Remoteness and Macroeconomic Volatility," CEPR Discussion Papers 6301, C.E.P.R. Discussion Papers.
    10. Shinhye Chang & Rangan Gupta & Stephen M. Miller & Mark E. Wohar, 2018. "Growth Volatility and Inequality in the U.S.: A Wavelet Analysis," Working Papers 201819, University of Pretoria, Department of Economics.
    11. Raouf Boucekkine & Giorgio Fabbri & Patrick A. Pintus, 2015. "Risk Sharing and Growth in Small-Open Economies," AMSE Working Papers 1537, Aix-Marseille School of Economics, France.
    12. Barbara Annicchiarico & Alessandra Pelloni, 2013. "Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?," Working Paper series 02_13, Rimini Centre for Economic Analysis.
    13. Gianluca Grimalda & Alain Trannoy & Fernando Filgueira & Karl Ove Moene, 2020. "Egalitarian redistribution in the era of hyper-globalization," Post-Print hal-02482094, HAL.
    14. Eickmeier, Sandra & Ng, Tim, 2011. "How do credit supply shocks propagate internationally? A GVAR approach," Discussion Paper Series 1: Economic Studies 2011,27, Deutsche Bundesbank.
    15. Carmignani, Fabrizio, 2010. "Cyclical fiscal policy in Africa," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 254-267, March.
    16. Michael Olabisi, 2020. "Input–Output Linkages and Sectoral Volatility," Economica, London School of Economics and Political Science, vol. 87(347), pages 713-746, July.
    17. Ma, Yong & Jiang, Yiqing & Yao, Chi, 2022. "Trade openness, financial openness, and macroeconomic volatility," Economic Systems, Elsevier, vol. 46(1).
    18. Amy K. Filipek & Till Schreiber, 2010. "The Stability and Growth Pact: Past Performance and Future Reforms," Working Papers 97, Economics Department, William & Mary.
    19. Fabrizio Carmignani, "undated". "Cyclical fiscal policy in developing countries: the case of Africa," MRG Discussion Paper Series 2408, School of Economics, University of Queensland, Australia.
    20. Diagne, Youssoupha Sakrya & Thiam, Dame, 2020. "La résilience de l'économie sénégalaise : Quelles politiques publiques en réponses aux chocs exogènes? [Resillience of the senegalese economy; What policy responses to exogenous shocks?]," MPRA Paper 114018, University Library of Munich, Germany.
    21. George Hondroyiannis, 2009. "Fertility Determinants and Economic Uncertainty:An Assessment Using European Panel Data," Working Papers 96, Bank of Greece.
    22. Jaan Masso & Vladyslav Soloviov & Kerly Espenberg & Inta Mierina, 2019. "Social convergence of the Baltic states within the enlarged EU: Is limited social dialogue an impediment?," Chapters, in: Daniel Vaughan-Whitehead (ed.), Towards Convergence in Europe, chapter 2, pages 35-77, Edward Elgar Publishing.
    23. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008. "Volatility, Growth and Labour Elasticity," Working Paper series 32_08, Rimini Centre for Economic Analysis.
    24. Heather Ba & William K. Winecoff, 2024. "American financial hegemony, global capital cycles, and the macroeconomic growth environment," Economics and Politics, Wiley Blackwell, vol. 36(1), pages 334-372, March.
    25. Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2011. "Long‐Term Growth And Short‐Term Volatility: The Labour Market Nexus," Manchester School, University of Manchester, vol. 79(s1), pages 646-672, June.
    26. Agénor, Pierre-Richard & Aizenman, Joshua, 2010. "Aid volatility and poverty traps," Journal of Development Economics, Elsevier, vol. 91(1), pages 1-7, January.
    27. Romain Houssa, 2011. "Uncertainty about Welfare Effects of Consumption Fluctuations," Working Papers 1101, University of Namur, Department of Economics.
    28. Michael Jetter, 2013. "Volatility and Growth: An Explanation for the Disagreement," Documentos de Trabajo de Valor Público 10944, Universidad EAFIT.
    29. Kosacoff, Bernardo & Ramos, Adrián, 2006. "Microeconomic behavior in high uncertainty environments: the case of Argentina," Documentos de Proyectos 3538, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    30. Dani Rodrik & Arvind Subramanian, 2009. "Why Did Financial Globalization Disappoint?," IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 112-138, April.
    31. Tarisa Watanagase, 2007. "Emerging markets in financial globalization: striking the right balance for liberalization," Proceedings, Federal Reserve Bank of San Francisco.
    32. Carmignani, Fabrizio & Chowdhury, Abdur, 2010. "The Role of Primary Commodities in Economic Development: Sub-Saharan Africa versus Rest of the World," Working Papers and Research 2010-01, Marquette University, Center for Global and Economic Studies and Department of Economics.
    33. Petreski, Marjan, 2013. "Inflation targeting at the crossroads: Evidence from post-communist economies during the crisis," MPRA Paper 47018, University Library of Munich, Germany.
    34. Arturo O’Connell, 2015. "European Crisis: A New Tale of Center–Periphery Relations in the World of Financial Liberalization/Globalization?," International Journal of Political Economy, Taylor & Francis Journals, vol. 44(3), pages 174-195, July.
    35. Martín González-Rozada, Mirta Molinari and Mario Virgolini, 2008. "The Economic Impact of Smoke-Free Laws on the Sales of Bars and Restaurants in Argentina," Business School Working Papers 2008-03, Universidad Torcuato Di Tella.
    36. Díaz-Bonilla, Eugenio, 2008. "Global macroeconomic developments and poverty," IFPRI discussion papers 766, International Food Policy Research Institute (IFPRI).
    37. Pan, Jiun-Nan & Yang, Yan-Jie, 2020. "The impact of economic uncertainty on the decision of fertility: Evidence from Taiwan," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    38. Pierre-Richard Agénor & Nihal Bayraktar, 2020. "Aid Volatility, Human Capital, and Growth," Journal of Human Capital, University of Chicago Press, vol. 14(3), pages 401-448.
    39. Andrew Williams, 2014. "The effect of transparency on output volatility," Economics of Governance, Springer, vol. 15(2), pages 101-129, May.
    40. José Antonio Ocampo & Rob Vos, 2008. "Policy space and the changing paradigm in conducting macroeconomic policies in developing countries," BIS Papers chapters, in: Bank for International Settlements (ed.), New financing trends in Latin America: a bumpy road towards stability, volume 36, pages 28-45, Bank for International Settlements.
    41. Alimi, Nabil, 2016. "Volatility and growth in developing countries: An asymmetric effect," The Journal of Economic Asymmetries, Elsevier, vol. 14(PB), pages 179-188.
    42. Ghulam MOHEY-UD-DIN* & Muhammad Wasif SIDDIQI**, 2017. "GDP FLUCTUATIONS AND LONG-RUN ECONOMIC GROWTH: A Study of Selected South Asian Countries," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 27(1), pages 41-66.
    43. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    44. Calderon, Cesar & Yeyati, Eduardo Levy, 2009. "Zooming in : from aggregate volatility to income distribution," Policy Research Working Paper Series 4895, The World Bank.

  47. Kose, M. Ayhan & Rebucci, Alessandro, 2005. "How might CAFTA change macroeconomic fluctuations in Central America?: Lessons from NAFTA," Journal of Asian Economics, Elsevier, vol. 16(1), pages 77-104, February.

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    1. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok, 2013. "Regionalization vs. Globalization," Koç University-TUSIAD Economic Research Forum Working Papers 1302, Koc University-TUSIAD Economic Research Forum.
    2. Luis René Cáceres, 2021. "Youth Unemployment and Underdevelopment in Honduras," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(2), pages 1-61, February.
    3. World Bank, 2008. "Local Gains from Global Opportunities : Improving Central America's Investment Climate," World Bank Publications - Reports 7959, The World Bank Group.
    4. Gould, David & Loening, Josef L., 2008. "Central America's Macroeconomic Environment and the Role of the Investment Climate under Free Trade," MPRA Paper 25896, University Library of Munich, Germany.
    5. Naanwaab Cephas B. & Edwards Jeffrey A., 2017. "Analyzing Trade Growth Effects of Deviations from Long-run Economic Growth," Global Economy Journal, De Gruyter, vol. 17(4), pages 1-11, December.
    6. P&aauml;r Österholm & Jeromin Zettelmeyer, 2008. "The Effect of External Conditions on Growth in Latin America," IMF Staff Papers, Palgrave Macmillan, vol. 55(4), pages 595-623, December.
    7. EDWARDS, Jeffrey A., 2010. "GDP Growth Volatility and Regional Free Trade Agreements," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2), pages 73-86.
    8. Michael G. Plummer, 2014. "The emerging “post-Doha” agenda and the new regionalism," Chapters, in: Masahiro Kawai & Peter J. Morgan & Pradumna B. Rana (ed.), New Global Economic Architecture, chapter 8, pages 172-196, Edward Elgar Publishing.
    9. Dina Frutos-Bencze & Kanix Bukkavesa & Nat Kulvanich, 2017. "Impact of FDI and trade on environmental quality in the CAFTA-DR region," Applied Economics Letters, Taylor & Francis Journals, vol. 24(19), pages 1393-1398, November.
    10. Michael G. Plummer, 2012. "The Emerging “Post-Doha” Agenda and the New Regionalism in the Asia-Pacific," ADBI Working Papers 384, Asian Development Bank Institute.

  48. M. Ayhan Kose & Eswar S. Prasad & Marco E. Terrones, 2004. "How do trade and financial integration affect the relationship between growth and volatility?," Proceedings, Federal Reserve Bank of San Francisco, issue jun.

    Cited by:

    1. Pericoli, Filippo & Pierucci, Eleonora & Ventura, Luigi, 2011. "International investment positions and risk sharing: an empirical analysis on the coordinated portfolio investment survey," MPRA Paper 33071, University Library of Munich, Germany.
    2. Frederick Van der Ploeg & Steven Poelhekke, 2009. "The Volatility Curse: Revisiting the Paradox of Plenty," CESifo Working Paper Series 2616, CESifo.
    3. C. Bora Durdu, 2011. "Review of "Emerging Markets Resilience and Growth Amid Global Turmoil by M. Ayhan Kose and Eswar S. Prasad"," Koç University-TUSIAD Economic Research Forum Working Papers 1111, Koc University-TUSIAD Economic Research Forum.
    4. Eickmeier, Sandra & Lemke, Wolfgang & Marcellino, Massimiliano, 2011. "Classical time-varying FAVAR models - estimation, forecasting and structural analysis," Discussion Paper Series 1: Economic Studies 2011,04, Deutsche Bundesbank.
    5. Cesa-Bianchi, Ambrogio, 2013. "Housing cycles and macroeconomic fluctuations: A global perspective," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 215-238.
    6. Dionysios K. Solomos & Dimitrios N. Koumparoulis, 2013. "Financial Sector and Business Cycles Determinants in the EMU: An Empirical Approach (1996-2011)," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 34-58.
    7. Can ERBIL & Durmus OZDEMIR, 2008. "Does Financial Liberalization Trigger Long-Run Economic Growth?," EcoMod2008 23800033, EcoMod.
    8. Maria Socorro Gochoco‐Bautista & Dennis S. Mapa, 2010. "Linkages between Trade and Financial Integration and Output Growth in East Asia," Asian Economic Journal, East Asian Economic Association, vol. 24(1), pages 1-22, March.
    9. Thomas M. Steger & Lucas Bretschger, 2005. "Globalization, the volatility of intermediate goods prices and economic growth," CER-ETH Economics working paper series 05/40, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    10. Saadaoui, Zied, 2007. "L’intégration financière internationale :Une comparaison descriptive des effets sur les pays industrialisés et les pays émergents [International financial integration: A descriptive comparison of t," MPRA Paper 25330, University Library of Munich, Germany.
    11. Anastasios, Pappas, 2010. "Capital mobility and macroeconomic volatility: evidence from Greece," MPRA Paper 29106, University Library of Munich, Germany.
    12. Mapa, Dennis S. & Briones, Kristine Joy S., 2006. "Measuring the Common Component of Stock Market Fluctuations in the Asia-Pacific Region," MPRA Paper 21247, University Library of Munich, Germany.
    13. César Calderón & Norman Loayza & Klaus Schmidt-Hebbel, 2006. "External Conditions and Growth Performance," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo Caballero & César Calderón & Luis Felipe Céspedes & Norman Loayza (Series Editor) & Klaus Sc (ed.),External Vulnerability and Preventive Policies, edition 1, volume 10, chapter 3, pages 041-070, Central Bank of Chile.
    14. Safwat Alaa & Salah Ashraf & Elsherif Marwa, 2021. "The Impact of Foreign Direct Investment on the Economic Growth of Egypt (1980-2018)," International Journal of Economics and Financial Issues, Econjournals, vol. 11(5), pages 74-85.
    15. Nancy Birdsall, 2006. "Stormy Days on an Open Field: Asymmetries in the Global Economy," WIDER Working Paper Series RP2006-31, World Institute for Development Economic Research (UNU-WIDER).
    16. Claudia M. Buch & Martin Schlotter, 2008. "Regional Origins of Employment Volatility: Evidence from German States," CESifo Working Paper Series 2296, CESifo.
    17. Samsudin Hazman, 2016. "Can Greater Openness and Deeper Financial Development Drag ASEAN-5 into Another Series of Economic Crises?," Asian Social Science, Canadian Center of Science and Education, vol. 12(8), pages 125-125, August.
    18. Gu, Xinhua & Huang, Bihong, 2011. "A new approach to capital flows: Theory and evidence," Economic Modelling, Elsevier, vol. 28(3), pages 1050-1057, May.
    19. Francis X. Diebold & Kamil Yilmaz, 2008. "Macroeconomic Volatility and Stock Market Volatility, World-Wide," PIER Working Paper Archive 08-031, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    20. Eduardo A. Cavallo & Jeffrey Frankel, 2007. "Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality," Research Department Publications 4544, Inter-American Development Bank, Research Department.
    21. Mahadevan, Renuka & Suardi, Sandy, 2011. "The effects of uncertainty dynamics on exports, imports and productivity growth," Journal of Asian Economics, Elsevier, vol. 22(2), pages 174-188, April.
    22. Nissanke, Machiko & Thorbecke, Erik, 2006. "Channels and policy debate in the globalization-inequality-poverty nexus," World Development, Elsevier, vol. 34(8), pages 1338-1360, August.
    23. Takashi Fukuda & Jauhari Dahalan, 2011. "“Finance-Growth-Crisis Nexus in India: Evidence from Cointegration and Causality Assessment” - L’interazione finanza-crescita-crisi in India: evidenze da una analisi di cointegrazione e causalità," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 64(3), pages 297-328.
    24. Eswar S. Prasad & Kenneth S. Rogoff & Shang-Jin Wei & M. Ayhan Kose, 2004. "Financial Globalization, Growth and Volatility in Developing Countries," NBER Working Papers 10942, National Bureau of Economic Research, Inc.
    25. Solomos, Dionysios & Papageorgiou, Theofanis & Koumparoulis, Dimitrios, 2012. "Financial Sector and Business Cycles Determinants in the EMU context: An Empirical Approach (1996-2011)," MPRA Paper 43858, University Library of Munich, Germany.
    26. Islam, Roumeen & Nallari, Raj, 2010. "Of floods and droughts : the economic and financial crisis of 2008," Policy Research Working Paper Series 5237, The World Bank.

  49. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2004. "Integration and Fluctuations : The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 40(6), pages 48-67, November.

    Cited by:

    1. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(1), pages 5-34, February.
    2. Eslamloueyan, Karim & Fatemifar, Neda, 2021. "Does deeper financial integration lead to macroeconomic and financial instability in Asia?," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 437-451.
    3. Balcilar, Mehmet & Bagzibagli, Kemal, 2010. "Sources of Macroeconomic Fluctuations in MENA Countries," MPRA Paper 44351, University Library of Munich, Germany.
    4. Niranjan R., 2017. "Financial Integrational Effects on Macroeconomic Instability in India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(2), pages 143-166, May.

  50. M. Ayhan Kose & Eswar S. Prasad & Marco E. Terrones, 2003. "How Does Globalization Affect the Synchronization of Business Cycles?," American Economic Review, American Economic Association, vol. 93(2), pages 57-62, May.
    See citations under working paper version above.
  51. Kim, Sunghyun Henry & Kose, M. Ayhan, 2003. "Dynamics Of Open-Economy Business-Cycle Models: Role Of The Discount Factor," Macroeconomic Dynamics, Cambridge University Press, vol. 7(2), pages 263-290, April.

    Cited by:

    1. Stephanie Schmitt-Grohe & Martin Uribe, 2001. "Closing Small Open Economy Models," Departmental Working Papers 200115, Rutgers University, Department of Economics.
    2. Henry Kim & Jinill Kim, 2005. "Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation," Discussion Papers Series, Department of Economics, Tufts University 0503, Department of Economics, Tufts University.
    3. Hirose, K. & Ikeda, Shinsuke, 2015. "Decreasing marginal impatience destabilizes multi-country economies," Economic Modelling, Elsevier, vol. 50(C), pages 237-244.
    4. Jinill Kim & Sunghyun Henry Kim & Andrew Levin, 2000. "Patience, Persistence and Properties of Two-Country Incomplete Market Models," Econometric Society World Congress 2000 Contributed Papers 1764, Econometric Society.
    5. Katharine S. Neiss & Edward Nelson, 2001. "The real interest rate gap as an inflation indicator," Bank of England working papers 130, Bank of England.
    6. Michel Normandin & Martin Boileau, 2005. "Closing International Real Business Cycle Models with Restricted Financial Markets," Cahiers de recherche 05-03, HEC Montréal, Institut d'économie appliquée.
    7. Bodenstein, Martin, 2010. "Trade elasticity of substitution and equilibrium dynamics," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1033-1059, May.
    8. Vasiliki Dimakopoulou, 2021. "Stationarity-Inducing Techniques in Small Open Economy Models with Collateral Constraints," Open Economies Review, Springer, vol. 32(4), pages 725-738, September.
    9. Ghironi, Fabio, 2008. "The role of net foreign assets in a New Keynesian small open economy model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1780-1811, June.
    10. Durdu, Ceyhun Bora, 2009. "Quantitative implications of indexed bonds in small open economies," Journal of Economic Dynamics and Control, Elsevier, vol. 33(4), pages 883-902, April.
    11. Vasilev, Aleksandar, 2018. "A Real-Business-Cycle model with endogenous discounting and a government sector," EconStor Preprints 183219, ZBW - Leibniz Information Centre for Economics.
    12. Bodenstein, Martin, 2011. "Closing large open economy models," Journal of International Economics, Elsevier, vol. 84(2), pages 160-177, July.
    13. Horag Choi & Nelson C. Mark, 2009. "Trending Current Accounts," NBER Working Papers 15244, National Bureau of Economic Research, Inc.
    14. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(1), pages 5-34, February.
    15. Paulina Restrepo-Echavarria, 2024. "Closing Small and "Sufficiently" Large Open Economies with Different Asset Structures," Review, Federal Reserve Bank of St. Louis, vol. 106(13), pages 1-8, December.
    16. Karpavičius, Sigitas, 2014. "The cost of capital and optimal financing policy in a dynamic setting," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 42-56.
    17. William Blankenau and M. Ayhan Kose, 2001. "How different is the cyclical behavior of home production across countries?," Computing in Economics and Finance 2001 117, Society for Computational Economics.
    18. Kim, Sunghyun H. & Kose, M. Ayhan, 2014. "Welfare implications of trade liberalization and fiscal reform: A quantitative experiment," Journal of International Economics, Elsevier, vol. 92(1), pages 198-209.
    19. Seoane, Hernán D., 2015. "Near unit root small open economies," Journal of Economic Dynamics and Control, Elsevier, vol. 53(C), pages 37-46.
    20. Henry Kim & Jinill Kim & Robert Kollmann, 2005. "Applying Perturbation Methods to Incomplete Market Models with Exogenous Borrowing Constraints," Discussion Papers Series, Department of Economics, Tufts University 0504, Department of Economics, Tufts University.
    21. Horag Choi & Nelson C. Mark & Donggyu Sul, 2007. "Endogenous Discounting, the World Saving Glut and the U.S. Current Account," NBER Working Papers 13571, National Bureau of Economic Research, Inc.
    22. C. Bora Durdu, 2006. "Quantitative Implications of Indexed Bonds in Small Open Economies: Working Paper 2006-12," Working Papers 18245, Congressional Budget Office.
    23. Luca PENSIEROSO, 2010. "The Great Depression in Belgium: an Open-Economy Analysis," LIDAM Discussion Papers IRES 2010023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    24. Jinill Kim & Sunghyun Kim, 2017. "How much to share: Welfare effects of fiscal transfers," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 636-659, August.
    25. Ghironi, Fabio, 2006. "Macroeconomic interdependence under incomplete markets," Journal of International Economics, Elsevier, vol. 70(2), pages 428-450, December.
    26. Costa, Carlos Eugênio da & Issler, João Victor & Matos, Paulo Rogério Faustino, 2013. "A note on the forward and the equity-premium puzzles: two symptoms of the same illness?," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 743, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    27. Cook, David, 2004. "Monetary policy in emerging markets: Can liability dollarization explain contractionary devaluations?," Journal of Monetary Economics, Elsevier, vol. 51(6), pages 1155-1181, September.
    28. Bora Durdu & Serdar Sayan, 2008. "Emerging market business cycles with remittance fluctuations," International Finance Discussion Papers 946, Board of Governors of the Federal Reserve System (U.S.).
    29. Malik, Hamza, 2005. "Monetary-Exchange Rate Policy and Current Account Dynamics," MPRA Paper 455, University Library of Munich, Germany, revised Sep 2006.
    30. Lim, G.C. & McNelis, Paul D., 2007. "Central bank learning, terms of trade shocks and currency risk: Should only inflation matter for monetary policy?," Journal of International Money and Finance, Elsevier, vol. 26(6), pages 865-886, October.
    31. Choi, Yoonseok & Kim, Sunghyun, 2016. "Dynamic scoring of tax reforms in a small open economy model," Economic Modelling, Elsevier, vol. 58(C), pages 182-193.

  52. M. Ayhan Kose & Christopher Otrok & Charles H. Whiteman, 2003. "International Business Cycles: World, Region, and Country-Specific Factors," American Economic Review, American Economic Association, vol. 93(4), pages 1216-1239, September.

    Cited by:

    1. Schmidbauer, Harald & Rösch, Angi & Uluceviz, Erhan, 2017. "Frequency aspects of information transmission in a network of three western equity markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 486(C), pages 933-946.
    2. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2014. "Uncertainty and Economic Activity: A Global Perspective," CESifo Working Paper Series 4736, CESifo.
    3. Renee Fry, 2004. "International demand and liquidity shocks in a SVAR model of the Australian economy," Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 849-863.
    4. Rebecca Hellerstein, 2011. "Global bond risk premiums," Staff Reports 499, Federal Reserve Bank of New York.
    5. Tino Berger & Lorenzo Pozzi, 2016. "Is there really a Global Business Cycle? A Dynamic Factor Model with Stochastic Factor Selection," Tinbergen Institute Discussion Papers 16-088/VI, Tinbergen Institute.
    6. Arce-Alfaro, Gabriel & Blagov, Boris, 2022. "Financial integration or financial fragmentation? A euro area perspective," Economic Modelling, Elsevier, vol. 114(C).
    7. Canova, Fabio & Ciccarelli, Matteo & Ortega, Eva, 2004. "Similarities and Convergence in G7 Cycles," CEPR Discussion Papers 4534, C.E.P.R. Discussion Papers.
    8. Necati Tekatli, 2010. "A Bayesian Generalized Factor Model with Comparative Analysis (Genellestirilmis Faktor Modellerinin Bayesyen Yaklasimi ve Karsilastirmali Analizi)," Working Papers 1018, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    9. Sung Hoon Choi & Donggyu Kim, 2023. "Large Global Volatility Matrix Analysis Based on Observation Structural Information," Papers 2305.01464, arXiv.org, revised Feb 2024.
    10. Tibor Szendrei & Katalin Varga, 2017. "FISS - A Factor Based Index of Systemic Stress in the Financial System," MNB Working Papers 2017/9, Magyar Nemzeti Bank (Central Bank of Hungary).
    11. Fuentes-Albero, Cristina & Melosi, Leonardo, 2013. "Methods for computing marginal data densities from the Gibbs output," Journal of Econometrics, Elsevier, vol. 175(2), pages 132-141.
    12. Centoni, Marco & Cubadda, Gianluca & Hecq, Alain, 2007. "Common shocks, common dynamics, and the international business cycle," Economic Modelling, Elsevier, vol. 24(1), pages 149-166, January.
    13. Keisuke Kondo, 2015. "Spatial Dependence in Regional Business Cycles: Evidence from Mexican States," Discussion Paper Series DP2015-27, Research Institute for Economics & Business Administration, Kobe University, revised Jun 2021.
    14. Haroon Mumtaz & Paolo Surico, 2006. "Inflation Globalization and the Fall of Country Specific Fluctuations," Computing in Economics and Finance 2006 166, Society for Computational Economics.
    15. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2013. "Interactions between Eurozone and US Booms and Busts: A Bayesian Panel Markov-switching VAR Model," Tinbergen Institute Discussion Papers 13-142/III, Tinbergen Institute, revised 01 Nov 2014.
    16. Delle Chiaie, Simona & Ferrara, Laurent & Giannone, Domenico, 2018. "Common factors of commodity prices," Research Bulletin, European Central Bank, vol. 51.
    17. Hilde C. Bj⊘rnland & Leif Anders Thorsrud & Sepideh Khayati Zahiri, 2020. "Do Central Banks Respond Timely to Developments in the Global Economy?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(2), pages 285-310, April.
    18. Andrea Beltratti & Claudio Morana, 2006. "Comovements in International Stock Markets," ICER Working Papers 3-2006, ICER - International Centre for Economic Research.
    19. Michael Graff, 2005. "Internationale Konjunkturverbunde," KOF Working papers 05-108, KOF Swiss Economic Institute, ETH Zurich.
    20. Brenda Guevara & Gabriel Rodríguez & Lorena Yamuca Salvatierra, 2024. "External Shocks and Economic Fluctuations in Peru: Empirical Evidence using Mixture Innovation TVP-VAR-SV Models," Documentos de Trabajo / Working Papers 2024-529, Departamento de Economía - Pontificia Universidad Católica del Perú.
    21. Francis X. Diebold & Canlin Li & Vivian Z. Yue, 2007. "Global Yield Curve Dynamics and Interactions: A Dynamic Nelson-Siegel Approach," PIER Working Paper Archive 07-030, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    22. Michael T. Owyang & Jeremy Piger & Daniel Soques, 2022. "Contagious switching," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 415-432, March.
    23. Jarko Fidrmuc, 2004. "The Endogenity of the Optimum Currency Area Criteria, Trade, and Labour Market Rigidities: Implications for EMU Enlargement," EUI-RSCAS Working Papers 16, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    24. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
    25. Lombardi, Marco J. & Osbat, Chiara & Schnatz, Bernd, 2010. "Global commodity cycles and linkages a FAVAR approach," Working Paper Series 1170, European Central Bank.
    26. Arzoumanian, Shant, 2024. "How does Russia's economy affect the region? Transmission channels and policy options," Emerging Markets Review, Elsevier, vol. 63(C).
    27. Michal Brzoza-Brzezina & Jesús Crespo-Cuaresma, 2007. "Mr. Wicksell and the global economy: What drives real interest rates?," Working Papers 2007-06, Faculty of Economics and Statistics, Universität Innsbruck.
    28. Dimitris Korobilis & Maximilian Schröder, 2023. "Probabilistic Quantile Factor Analysis," Working Papers No 05/2023, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    29. Monokroussos, George, 2015. "Nowcasting in Real Time Using Popularity Priors," MPRA Paper 68594, University Library of Munich, Germany.
    30. Mardi Dungey, 2005. "Discussion of 'Assessing the Sources of Changes in the Volatility of Real Growth'," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & David Norman (ed.),The Changing Nature of the Business Cycle, Reserve Bank of Australia.
    31. Lastauskas, Povilas & Nguyen, Anh Dinh Minh, 2023. "Global impacts of US monetary policy uncertainty shocks," Journal of International Economics, Elsevier, vol. 145(C).
    32. Cepni, Oguzhan & Clements, Michael P., 2024. "How local is the local inflation factor? Evidence from emerging European countries," International Journal of Forecasting, Elsevier, vol. 40(1), pages 160-183.
    33. Tatsuma Wada & Pierre Perron, 2006. "State Space Model with Mixtures of Normals: Specifications and Applications to International Data," Boston University - Department of Economics - Working Papers Series WP2006-029, Boston University - Department of Economics.
    34. Rachel Male, 2010. "Developing Country Business Cycles: Revisiting the Stylised Facts," Working Papers 664, Queen Mary University of London, School of Economics and Finance.
    35. Pedro Cerqueira, 2013. "A closer look at the world business cycle synchronization," International Economics and Economic Policy, Springer, vol. 10(3), pages 349-363, September.
    36. Peiro, Amado, 2005. "Economic comovements in European countries," Journal of Policy Modeling, Elsevier, vol. 27(5), pages 575-584, July.
    37. Ardelean, Adina & León-Ledesma, Miguel & Puzzello, Laura, 2024. "Growth volatility and trade: Market diversification vs. production specialization," Journal of Economic Behavior & Organization, Elsevier, vol. 225(C), pages 252-271.
    38. Danilo Leiva-Leon & Luis Uzeda, 2021. "Endogenous time variation in vector autoregressions," Working Papers 2108, Banco de España.
    39. Byrne, Joseph P. & Cao, Shuo & Korobilis, Dimitris, 2019. "Decomposing global yield curve co-movement," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 500-513.
    40. Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "Technology and demand drivers of productivity dynamics in developed and emerging market economies," Working Paper Series 2533, European Central Bank.
    41. Helmut Lütkepohl, 2014. "Structural Vector Autoregressive Analysis in a Data Rich Environment: A Survey," Discussion Papers of DIW Berlin 1351, DIW Berlin, German Institute for Economic Research.
    42. Tamim Bayoumi & Andrew Swiston, 2009. "Foreign Entanglements: Estimating the Source and Size of Spillovers Across Industrial Countries," IMF Staff Papers, Palgrave Macmillan, vol. 56(2), pages 353-383, June.
    43. Cerutti, Eugenio & Claessens, Stijn & Puy, Damien, 2019. "Push factors and capital flows to emerging markets: why knowing your lender matters more than fundamentals," Journal of International Economics, Elsevier, vol. 119(C), pages 133-149.
    44. Salzmann, Leonard, 2016. "The G7 business cycle in a globalized world," VfS Annual Conference 2016 (Augsburg): Demographic Change 145633, Verein für Socialpolitik / German Economic Association.
    45. Yasuyuki Komaki & Nobuo Iizuka, 2010. "Some aspects of the OECD business cycle - The effects of EMU -," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 6(2), pages 199-236, March.
    46. Fabio C. Bagliano & Claudio Morana, 2006. "International Macroeconomic Dynamics: a Factor Vector Autoregressive Approach," ICER Working Papers 41-2006, ICER - International Centre for Economic Research.
    47. Miklos Koren & Silvana Tenreyro, 2005. "Volatility and Development," CEP Discussion Papers dp0706, Centre for Economic Performance, LSE.
    48. C. Thubin & Thomas Ferrière & Eric Monnet & Magali Marx & Vichett Oung, 2016. "The PRISME model: can disaggregation on the production side help to forecast GDP?," Working papers 596, Banque de France.
    49. Nagayasu, Jun, 2010. "Macroeconomic Interdependence in East Asia," MPRA Paper 27129, University Library of Munich, Germany.
    50. Kiryoung LEE & Chanik JO, 2018. "Forecasting Chinese Business Cycle Using Long-term Interest Rate Comovements," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 118-134, December.
    51. Nikolaos Antonakakis & Harald Badinger, 2012. "Output Volatility, Economic Growth, and Cross-Country Spillovers: New Evidence for the G7 Countries," FIW Working Paper series 098, FIW.
    52. Liu, De-Chih, 2013. "The evolution of excess job reallocation in the U.S," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 188-206.
    53. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones, 2012. "Global House Price Fluctuations: Synchronization and Determinants," NBER Chapters, in: NBER International Seminar on Macroeconomics 2012, pages 119-166, National Bureau of Economic Research, Inc.
    54. Saroj Bhattarai & Arpita Chatterjee & Gautham Udupa, 2024. "Food, Fuel, and Facts: Distributional Effects of Global Price Shocks," CAMA Working Papers 2024-45, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    55. Rachel Male, 2010. "Developing Country Business Cycles: Characterising the Cycle," Working Papers 663, Queen Mary University of London, School of Economics and Finance.
    56. Dees, S. & di Mauro, F. & Pesaran, M.H. & Smith, L.V., 2005. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," Cambridge Working Papers in Economics 0518, Faculty of Economics, University of Cambridge.
    57. Jonas Dovern & Martin Feldkircher & Florian Huber, 2015. "Does Joint Modelling of the World Economy Pay Off? Evaluating Global Forecasts from a Bayesian GVAR," Working Papers 200, Oesterreichische Nationalbank (Austrian Central Bank).
    58. Mr. Thomas Helbling & Mr. Ayhan Kose & Mr. Christopher Otrok & Raju Huidrom, 2010. "Do Credit Shocks Matter? A Global Perspective," IMF Working Papers 2010/261, International Monetary Fund.
    59. Shi Yafeng & Ai Chunrong & Yanlong Shi & Ying Tingting & Xu Qunfang, 2023. "Large covariance estimation using a factor model with common and group‐specific factors," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(8), pages 2217-2248, December.
    60. Mumtaz, Haroon & Theodoridis, Konstantinos, 2017. "Common and country specific economic uncertainty," Journal of International Economics, Elsevier, vol. 105(C), pages 205-216.
    61. Canova, Fabio & Ciccarelli, Matteo, 2013. "Panel vector autoregressive models: a survey," Working Paper Series 1507, European Central Bank.
    62. Haroon Mumtaz & Paolo Surico, 2009. "The Transmission of International Shocks: A Factor‐Augmented VAR Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(s1), pages 71-100, February.
    63. Uebele, Martin, 2011. "National and international market integration in the 19th century: Evidence from comovement," Explorations in Economic History, Elsevier, vol. 48(2), pages 226-242, April.
    64. Altug, Sumru & Neyapti, Bilin & Emin, Mustafa, 2012. "Institutions and Business Cycles," CEPR Discussion Papers 8728, C.E.P.R. Discussion Papers.
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    644. Sonia de Lucas Santos & M. Jesús Delgado Rodríguez & Inmaculada Álvarez Ayuso & José Luis Cendejas Bueno, 2011. "Los ciclos económicos internacionales: antecedentes y revisión de la literatura," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 34(95), pages 73-84, Agosto.
    645. Yufeng Mao & Bin Peng & Mervyn J Silvapulle & Param Silvapulle & Yanrong Yang, 2021. "Decomposition of Bilateral Trade Flows Using a Three-Dimensional Panel Data Model," Monash Econometrics and Business Statistics Working Papers 7/21, Monash University, Department of Econometrics and Business Statistics.
    646. Joseph Fairchild & Jun Ma & Shu Wu, 2015. "Understanding Housing Market Volatility," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(7), pages 1309-1337, October.

  53. Sunghyun Henry Kim & M. Ayhan Kose & Michael G. Plummer, 2003. "Dynamics of Business Cycles in Asia: Differences and Similarities," Review of Development Economics, Wiley Blackwell, vol. 7(3), pages 462-477, August.

    Cited by:

    1. Sethapramote, Yuthana, 2015. "Synchronization of business cycles and economic policy linkages in ASEAN," Journal of Asian Economics, Elsevier, vol. 39(C), pages 126-136.
    2. Mathias Hoffmann & Wei Liao, 2011. "The Cross-Section of Country News, Decoupling Expectations, and Global Business Cycles," Working Papers 342011, Hong Kong Institute for Monetary Research.
    3. Michael G. Plummer & Ganeshan Wignaraja, 2007. "The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future," Working Papers on Regional Economic Integration 9, Asian Development Bank.
    4. Philip Alege & Queen-Esther Oye & Omobola Adu, 2019. "Renewable Energy, Shocks and the Growth Agenda: A Dynamic Stochastic General Equilibrium Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 160-167.
    5. Mitra, Shalini, 2013. "Informality, financial development and macroeconomic volatility," Economics Letters, Elsevier, vol. 120(3), pages 454-457.
    6. Henry Kim & Soyoung Kim & Yunjong Wang, 2005. "International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region," Discussion Papers Series, Department of Economics, Tufts University 0506, Department of Economics, Tufts University.
    7. Jorge David Quintero Otero & Alcides de Jesús Padilla Sierra, 2024. "Impacto de la sincronización sub-nacional sobre el comportamiento de los ciclos nacionales en economías emergentes con inflación objetivo," Documentos Departamento de Economía 54, Universidad del Norte.
    8. Massimiliano Pisani, 2011. "Financial Openness and Macroeconomic Instability in Emerging Market Economies," Open Economies Review, Springer, vol. 22(3), pages 501-532, July.
    9. Le, Ha, 2014. "Dynamics of Business Cycles in Vietnam: A comparison with Indonesia and Philippines," MPRA Paper 57010, University Library of Munich, Germany, revised 01 Jul 2014.
    10. Kajal Lahiri & Gultekin Isiklar, 2010. "Estimating International Transmission of Shocks Using GDP Forecasts: India and Its Trading Partners," Discussion Papers 10-06, University at Albany, SUNY, Department of Economics.
    11. Rahman, Pk. Md. Motiur & Yamagata, Tatsufumi, 2004. "Business Cycles and Seasonal Cycles in Bangladesh," IDE Discussion Papers 1, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    12. Debel, Mulatu Tilahun & Wang, Feng, 2025. "Impact of renewable energy expansion and access policy on sustainable development performance in Ethiopia: A policy evaluation study," Energy Policy, Elsevier, vol. 199(C).
    13. Yan Zhou, 2010. "The Underlying Link between Fiscal Policy Patterns and International Reserves," Review of Development Economics, Wiley Blackwell, vol. 14(4), pages 712-725, November.
    14. Sandra Martina Leitner, 2007. "The Austrian Business Cycle - A Characterization," Economics working papers 2007-17, Department of Economics, Johannes Kepler University Linz, Austria.
    15. Hideaki Hirata & Sunghyun Henry Kim & M. Ayhan Kose, 2007. "Sources of Fluctuations: The Case of MENA," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(1), pages 5-34, February.
    16. Souvik Gupta & Jacques Miniane, 2009. "Recessions and Recoveries in Asia: What Can the Past Teach Us about the Present Recession?," ADBI Working Papers 150, Asian Development Bank Institute.
    17. Yongfu Huang, 2011. "Private investment and financial development in a globalized world," Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
    18. Alexander Karmann & Rodrigo Herrera, 2014. "Special Issue: Issues in Asia. Guest Editor: Laixun Zhao," Review of Development Economics, Wiley Blackwell, vol. 18(2), pages 354-371, May.
    19. Stephane Dees & Arthur Saint-Guilhem, 2011. "The role of the United States in the global economy and its evolution over time," Empirical Economics, Springer, vol. 41(3), pages 573-591, December.
    20. Eric Girardin, 2004. "Regime-Dependent Synchronization of Growth Cycles between Japan and East Asia," Asian Economic Papers, MIT Press, vol. 3(3), pages 147-176.
    21. Chetan Ghate & Radhika Pandey & Ila Patnaik, 2011. "Has India emerged? Business cycle stylized facts from a transitioning economy," Discussion Papers 11-05, Indian Statistical Institute, Delhi.
    22. Berry A. Harahap & Pakasa Bary & Anggita Cinditya M. Kusuma, 2018. "The Determinants Of Indonesian Business Cycle," Working Papers WP/30/2018, Bank Indonesia.
    23. Gitelson, Natalia & Manes, Eran, 2025. "Openness and the effect of business cycle synchronization on the equity risk premium," Research in International Business and Finance, Elsevier, vol. 77(PA).
    24. Mr. Ayhan Kose & Mr. Marco Terrones & Mr. Eswar S Prasad, 2003. "Volatility and Comovement in a Globalized World Economy: An Empirical Exploration," IMF Working Papers 2003/246, International Monetary Fund.
    25. Hans Genberg & Pierre L. Siklos, 2009. "Revisiting the Shocking Aspects of Asian Monetary Unification," Working Papers 192009, Hong Kong Institute for Monetary Research.
    26. Sinchan Mitra & Tara M. Sinclair, "undated". "Macroeconomic Fluctuations in Emerging Economies: An Unobserved Components Approach," MRG Discussion Paper Series 3911, School of Economics, University of Queensland, Australia.
    27. Vansteenkiste, Isabel & Dées, Stéphane, 2007. "The transmission of US cyclical developments to the rest of the world," Working Paper Series 798, European Central Bank.
    28. Paulina Etxeberria-Garaigorta & Amaia Iza, 2015. "The Role of Productivity and Financial Frictions in the Business Cycles of a Small Open Economy: Hong Kong 1984–2011," Review of Development Economics, Wiley Blackwell, vol. 19(2), pages 400-414, May.
    29. Selover, David D. & Yagihashi, Takeshi, 2015. "Examining industrial interdependence between Japan and South Korea: A FAVAR approach," Japan and the World Economy, Elsevier, vol. 36(C), pages 67-87.
    30. Berdiev, Aziz N. & Chang, Chun-Ping, 2015. "Business cycle synchronization in Asia-Pacific: New evidence from wavelet analysis," Journal of Asian Economics, Elsevier, vol. 37(C), pages 20-33.

  54. Kose, M. Ayhan, 2002. "Explaining business cycles in small open economies: 'How much do world prices matter?'," Journal of International Economics, Elsevier, vol. 56(2), pages 299-327, March.

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    1. Sylviane Guillaumont Jeanneney & Sampawende Jules Tapsoba, 2012. "Aid and Income Stabilization," Post-Print halshs-00690363, HAL.
    2. Emmanuel Ameyaw, 2023. "The relevance of domestic and foreign factors in driving Ghana’s business cycle," SN Business & Economics, Springer, vol. 3(9), pages 1-33, September.
    3. Tsionas, Efthymios G. & Konstantakis, Konstantinos N. & Michaelides, Panayotis G., 2016. "Bayesian GVAR with k-endogenous dominants & input–output weights: Financial and trade channels in crisis transmission for BRICs," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 42(C), pages 1-26.
    4. Romain Houssa & Jolan Mohimont & Mr. Christopher Otrok, 2015. "The Sources of Business Cycles in a Low Income Country," IMF Working Papers 2015/040, International Monetary Fund.
    5. Thorsten Janus, 2020. "Terms of trade volatility, exports, and GDP," Economic Change and Restructuring, Springer, vol. 53(1), pages 25-38, February.
    6. Gnangnon, Sèna Kimm, 2020. "Aid for Trade flows and Poverty Reduction in Recipient-Countries," EconStor Preprints 213807, ZBW - Leibniz Information Centre for Economics.
    7. Alain Kabundi & Franziska Ohnsorge, 2020. "Implications of Cheap Oil for Emerging Markets," CAMA Working Papers 2020-83, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    8. Suescun, Rodrigo, 2005. "Fiscal space for investment in infrastructure in Colombia," Policy Research Working Paper Series 3629, The World Bank.
    9. Nabil ALIMI, 2016. "The Effect Of Economic Freedom On Business Cycle Volatility: Case Of Developing Countries," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 43, pages 139-158.
    10. Ortiz, Marco & Herrera, Gerardo & Perez, Fernando, 2022. "The shine beneath: foreign exchange intervention in resource-rich economies," MPRA Paper 116208, University Library of Munich, Germany.
    11. Ramirez, Francisco A., 2009. "Perturbaciones Internacionales y Fluctuaciones del Producto Interno Bruto en una Economía en Desarrollo: Evidencia de República Dominicana para el Período 1998-2008 [International Shocks and GDP fl," MPRA Paper 38987, University Library of Munich, Germany.
    12. Dainauskas, Justas, 2023. "Time-varying exchange rate pass-through into terms of trade," LSE Research Online Documents on Economics 120000, London School of Economics and Political Science, LSE Library.
    13. Jorge Toro & Aarón Garavito & David Camilo López & Enrique Montes, 2015. "El choque petrolero y sus implicaciones en la economía colombiana," Borradores de Economia 906, Banco de la Republica de Colombia.
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    52. Villca, Alfredo, 2022. "Commodity prices, bank balance sheets and macroprudential policies in small open economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
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    2. Mr. Nadeem Ilahi & Riham Shendy, 2008. "Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows," IMF Working Papers 2008/167, International Monetary Fund.
    3. Jarko Fidrmuc, 2004. "The Endogenity of the Optimum Currency Area Criteria, Trade, and Labour Market Rigidities: Implications for EMU Enlargement," EUI-RSCAS Working Papers 16, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    4. Aysun, Uluc, 2024. "Technology diffusion and international business cycles," Journal of International Money and Finance, Elsevier, vol. 140(C).
    5. Caselli, Francesco & Koren, Miklos & Lisicky, Milan & Tenreyroy, Silvana, 2015. "Diversification through trade," LSE Research Online Documents on Economics 86293, London School of Economics and Political Science, LSE Library.
    6. François de Soyres, 2016. "Value Added and Productivity Linkages Across Countries," Working Papers 209, Oesterreichische Nationalbank (Austrian Central Bank).
    7. Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013. "Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity," Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
    8. Pablo Mejía-Reyes & Reyna Vergara-González, 2017. "Are More Severe Recessions Followed by Stronger Early Expansions of Employment in the Mexican States?," The Review of Regional Studies, Southern Regional Science Association, vol. 47(3), pages 243-269, Fall.
    9. Iossifov, Plamen, 2014. "Cross-border production chains and business cycle co-movement between Central and Eastern European countries and euro area member states," Working Paper Series 1628, European Central Bank.
    10. Joanna Tyrowicz, 2009. "When Eastern Labour Markets Enter Western Europe CEECs. Labour Market Institutions upon Euro Zone Accession," Working Papers 2009-03, Faculty of Economic Sciences, University of Warsaw.
    11. Cacciatore, Matteo & Ghironi, Fabio, 2021. "Trade, unemployment, and monetary policy," Journal of International Economics, Elsevier, vol. 132(C).
    12. Belhadj, Aam & Eggoh, Jude, 2010. "Co-movements Of Business Cycles In The Maghreb: Does Trade Matter?," MPRA Paper 35778, University Library of Munich, Germany.
    13. Stéphane Dées & Nico Zorell, 2012. "Business Cycle Synchronisation: Disentangling Trade and Financial Linkages," Open Economies Review, Springer, vol. 23(4), pages 623-643, September.
    14. Ravn, Morten & Mazzenga, Elisabetta, 2002. "International Business Cycles: The Quantitative Role of Transportation Costs," CEPR Discussion Papers 3530, C.E.P.R. Discussion Papers.
    15. Ariel Burstein & Christopher Johann Kurz & Linda Tesar, 2004. "Trade, Production Sharing and the International Transmission of Business Cycles," Working Papers 522, Research Seminar in International Economics, University of Michigan.
    16. Menzie Chinn, 2014. "Global supply chains and macroeconomic relationships in Asia," Chapters, in: Benno Ferrarini & David Hummels (ed.), Asia and Global Production Networks, chapter 8, pages 249-286, Edward Elgar Publishing.
    17. Jin, Keyu, 2009. "International business cycles with heterogeneous sectors," LSE Research Online Documents on Economics 25828, London School of Economics and Political Science, LSE Library.
    18. Frankel, Jeffrey, 2004. "Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining EMU," Working Paper Series rwp04-039, Harvard University, John F. Kennedy School of Government.
    19. Garbellini, Nadia, 2014. "International division of labour and countries’ competitiveness: the case of Italy and Germany," MPRA Paper 56542, University Library of Munich, Germany.
    20. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
    21. Julian di Giovanni & Andrei A. Levchenko, 2008. "Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement," Working Papers 580, Research Seminar in International Economics, University of Michigan.
    22. William Barcelona & Danilo Cascaldi-Garcia & Jasper Hoek & Eva Van Leemput, 2022. "What Happens in China Does Not Stay in China," International Finance Discussion Papers 1360, Board of Governors of the Federal Reserve System (U.S.).
    23. Baher Ahmed Elgahry, 2020. "Regional and Interregional Business Cycle Comovement in Europe, Asia, and North America," Economics Bulletin, AccessEcon, vol. 40(4), pages 3088-3103.
    24. Rosmy Jean Louis & Faruk Balli & Mohamed Osman, 2012. "On the choice of an anchor for the GCC currency: does the symmetry of shocks extend to both the oil and the non-oil sectors?," International Economics and Economic Policy, Springer, vol. 9(1), pages 83-110, March.
    25. Camacho, Maximo & Martinez-Martin, Jaime, 2015. "Monitoring the world business cycle," Economic Modelling, Elsevier, vol. 51(C), pages 617-625.
    26. Benjamin Bridgman, 2010. "The Rise of Vertical Specialization Trade," BEA Working Papers 0051, Bureau of Economic Analysis.
    27. Jayaram, Shruthi & Patnaik, Ila & Shah, Ajay, 2009. "Examining the decoupling hypothesis for India," Working Papers 09/61, National Institute of Public Finance and Policy.
    28. Ho, Wai-Ming, 2021. "International outsourcing, exchange rates, and monetary policy☆," Journal of International Money and Finance, Elsevier, vol. 118(C).
    29. Jin, Keyu & Li, Nan, 2011. "Factor proportions and international business cycles," LSE Research Online Documents on Economics 41946, London School of Economics and Political Science, LSE Library.
    30. Kim, Daisoon, 2021. "Economies of scale and international business cycles," Journal of International Economics, Elsevier, vol. 131(C).
    31. Philip R. Lane, 2002. "Monetary-Fiscal Interactions in an Uncertain World: Lessons for European Policymakers," Trinity Economics Papers 200213, Trinity College Dublin, Department of Economics.
    32. Paul R. Bergin & Robert C. Feenstra & Gordon H. Hanson, 2017. "Volatility Due to Offshoring: Theory and Evidence," World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 3, pages 45-77, World Scientific Publishing Co. Pte. Ltd..
    33. Eickmeier, Sandra, 2004. "Business Cycle Transmission from the US to Germany: a Structural Factor Approach," Discussion Paper Series 1: Economic Studies 2004,12, Deutsche Bundesbank.
    34. M. Ayhan Kose & Christopher Otrok & Eswar S. Prasad, 2008. "Global Business Cycles: Convergence or Decoupling?," NBER Working Papers 14292, National Bureau of Economic Research, Inc.
    35. Jan Babetskii, 2004. "Ladhésion des Peco (Pays dEurope Centrale et Orientale) à l'Union européenne et l'endogénéité des chocs d'offre et de demande," Économie et Prévision, Programme National Persée, vol. 163(2), pages 33-49.
    36. Tyrowicz, Joanna, . "The OCA Theory and Its Empirical Application for the EMU," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2007(5-6).
    37. William D. Craighead, 2020. "Intermediate Goods and Exchange Rate Disconnect," Open Economies Review, Springer, vol. 31(1), pages 113-129, February.
    38. Alain Kabundi & Francisco Nadal De Simone, 2011. "France in the global economy: a structural approximate dynamic factor model analysis," Empirical Economics, Springer, vol. 41(2), pages 311-342, October.
    39. Mr. Ayhan Kose & Mr. Roberto Cardarelli, 2004. "Economic Integration, Business Cycle, and Productivity in North America," IMF Working Papers 2004/138, International Monetary Fund.
    40. Kose, M. Ayhan & Yi, Kei-Mu, 2006. "Can the standard international business cycle model explain the relation between trade and comovement?," Journal of International Economics, Elsevier, vol. 68(2), pages 267-295, March.
    41. Alejandro Cunat & Robert Zymek, 2015. "Specialisation Patterns, GDP Correlations and External Balances," Edinburgh School of Economics Discussion Paper Series 264, Edinburgh School of Economics, University of Edinburgh.
    42. De Soyres,Francois Michel Marie Raphael & Franco Bedoya,Sebastian, 2019. "Inflation Dynamics and Global Value Chains," Policy Research Working Paper Series 9090, The World Bank.
    43. Calderon, Cesar & Chong, Alberto & Stein, Ernesto, 2007. "Trade intensity and business cycle synchronization: Are developing countries any different?," Journal of International Economics, Elsevier, vol. 71(1), pages 2-21, March.
    44. Uluc Aysun & Takeshi Yagihashi, 2017. "The common sources of business cycles in Trans-Pacific countries and the U.S.? A comparison with NAFTA," Working Papers 2017-03, University of Central Florida, Department of Economics.
    45. Ananth Ramanarayanan & Costas Arkolakis, 2009. "Vertical Specialization and International Business Cycle Synchronization," 2009 Meeting Papers 780, Society for Economic Dynamics.
    46. Garbellini, Nadia, 2021. "International trade as a process of choice of technique," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 42-50.
    47. Benjamin Bridgman, 2010. "International Supply Chains and the Volatility of Trade," BEA Working Papers 0059, Bureau of Economic Analysis.
    48. Ioannis Tsamourgelis & Persa Paflioti & Thomas Vitsounis, 2013. "Seaports Activity (A)synchronicity, Trade Intensity and Business Cycle Convergence: A Panel Data Analysis," International Journal of Maritime, Trade & Economic Issues (IJMTEI), International Journal of Maritime, Trade & Economic Issues (IJMTEI), vol. 0(1), pages 67-92.
    49. Sam Kortum & John Romalis & Brent Neiman & Jonathan Eaton, 2010. "Trade and the Global Recession," 2010 Meeting Papers 1340, Society for Economic Dynamics.
    50. Mthuli Ncube & Zuzana Brixiova & Qingwei Meng, 2014. "Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?," William Davidson Institute Working Papers Series wp1073, William Davidson Institute at the University of Michigan.
    51. Erden, Lutfi & Ozkan, Ibrahim, 2014. "Determinants of international transmission of business cycles to Turkish economy," Economic Modelling, Elsevier, vol. 36(C), pages 383-390.
    52. Alejandro Cuñat & Robert Zymek, 2018. "International Value-Added Linkages in Development Accounting," CESifo Working Paper Series 7196, CESifo.
    53. Yu, Chunjiao & Zhao, Jiaqi & Cheng, Shixiong, 2023. "GVC trade and business cycle synchronization between China and belt-road countries," Economic Modelling, Elsevier, vol. 126(C).
    54. Vasily Astrov & Neil Foster-McGregor & Sandra M. Leitner & Robert Stehrer & Roman Stöllinger, 2014. "Monthly Report No. 3/2014," wiiw Monthly Reports 2014-03, The Vienna Institute for International Economic Studies, wiiw.
    55. Chang, Koyin & Kim, Yoonbai & Tomljanovich, Marc & Ying, Yung-Hsiang, 2013. "Do political parties foster business cycles? An examination of developed economies," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 212-226.
    56. Akhtaruzzaman, Md & Shamsuddin, Abul, 2016. "International contagion through financial versus non-financial firms," Economic Modelling, Elsevier, vol. 59(C), pages 143-163.
    57. Paul R. Bergin & Robert C. Feenstra & Gordon H. Hanson, 2007. "Outsourcing and Volatility," NBER Working Papers 13144, National Bureau of Economic Research, Inc.
    58. Juvenal, Luciana & Santos Monteiro, Paulo, 2017. "Trade and synchronization in a multi-country economy," European Economic Review, Elsevier, vol. 92(C), pages 385-415.
    59. M. Ayhan Kose & Christopher Otrok & Charles H. Whiteman, 2003. "International Business Cycles: World, Region, and Country-Specific Factors," American Economic Review, American Economic Association, vol. 93(4), pages 1216-1239, September.
    60. Maria Bejan, 2007. "Some Business Cycle Consequences of Trade Agreements:The Case of the North American Free Trade Agreement," RSCAS Working Papers 2007/03, European University Institute.
    61. Cacciatore, Matteo, 2014. "International trade and macroeconomic dynamics with labor market frictions," Journal of International Economics, Elsevier, vol. 93(1), pages 17-30.
    62. William Blankenau and M. Ayhan Kose, 2001. "How different is the cyclical behavior of home production across countries?," Computing in Economics and Finance 2001 117, Society for Computational Economics.
    63. Uluc Aysun, 2015. "Searching for the source of macroeconomic integration across advanced economies," Working Papers 2015-01, University of Central Florida, Department of Economics.
    64. Emilie Kinfack & Lumengo Bonga-Bonga, 2020. "Trade Linkages and Business Cycle Co-movement: Analysis of Trade between African Economies and their Main Trading partners," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 73(2), pages 275-306.
    65. Nicolas Petrosky-Nadeau, "undated". "Endogenous Flows of Foreign Direct Investment and International Real Business Cycles," GSIA Working Papers 2011-E16, Carnegie Mellon University, Tepper School of Business.
    66. Neville Francis & Michael T. Owyang & Daniel Soques, 2015. "Does the United States Lead Foreign Business Cycles?," Review, Federal Reserve Bank of St. Louis, vol. 97(2), pages 133-158.
    67. Javier Cravino & Andrei A. Levchenko, 2015. "Multinational Firms and International Business Cycle Transmission," Working Papers 643, Research Seminar in International Economics, University of Michigan.
    68. Marianne Baxter & Michael A. Kouparitsas, 2004. "Determinants of Business Cycle Comovement: A Robust Analysis," NBER Working Papers 10725, National Bureau of Economic Research, Inc.
    69. Maria V. Sokolova, 2016. "Exchange Rates, International Trade and Growth: Re-Evaluation of Undervaluation," IHEID Working Papers 05-2016, Economics Section, The Graduate Institute of International Studies.
    70. Jarko Fidrmuc & Neil Foster & Johann Scharler, 2007. "Labour Market Rigidities, Financial Integration and International Risk Sharing in the OECD," CESifo Working Paper Series 2028, CESifo.
    71. Fidrmuc, Jarko, 2001. "The endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement," BOFIT Discussion Papers 8/2001, Bank of Finland Institute for Emerging Economies (BOFIT).
    72. Ippei Fujiwara & Koji Takahashi, 2012. "Asian Financial Linkage: Macro‐Finance Dissonance," Pacific Economic Review, Wiley Blackwell, vol. 17(1), pages 136-159, February.
    73. Ahmed Jamal Pirzada, 2017. "Price Stickiness and Intermediate Materials Prices," Bristol Economics Discussion Papers 17/686, School of Economics, University of Bristol, UK.
    74. Wong, Chin-Yoong & Eng, Yoke-Kee, 2013. "International business cycle co-movement and vertical specialization reconsidered in multistage Bayesian DSGE model," International Review of Economics & Finance, Elsevier, vol. 26(C), pages 109-124.
    75. Mthuli Ncube & Zuzana Brixiova & Meng Qingwei, 2014. "Working Paper 198 - Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?," Working Paper Series 2104, African Development Bank.
    76. Mr. Ayhan Kose & Mr. Christopher M Towe & Mr. Guy M Meredith, 2004. "How Has Nafta Affected the Mexican Economy? Review and Evidence," IMF Working Papers 2004/059, International Monetary Fund.
    77. Emiliano Magrini & Pierluigi Montalbano, 2012. "Trade openness and vulnerability to poverty: Vietnam in the long-run (1992-2008)," Working Paper Series 3512, Department of Economics, University of Sussex Business School.
    78. Aysun, Uluc, 2024. "Identifying the external and internal drivers of exchange rate volatility in small open economies," Emerging Markets Review, Elsevier, vol. 58(C).
    79. Takeuchi, Fumihide, 2011. "The role of production fragmentation in international business cycle synchronization in East Asia," Journal of Asian Economics, Elsevier, vol. 22(6), pages 441-459.
    80. Ductor, Lorenzo & Leiva-Leon, Danilo, 2016. "Dynamics of global business cycle interdependence," Journal of International Economics, Elsevier, vol. 102(C), pages 110-127.
    81. Ekeocha, Patterson & Ogbuabor, Jonathan, 2020. "Measuring and Evaluating the Dynamics of Trade Shock Propagation in the Oceania," Conference papers 333234, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    82. Fidrmuc, Jarko & Foster, Neil & Scharler, Johann, 2011. "Labour market rigidities and international risk sharing across OECD countries," Journal of International Money and Finance, Elsevier, vol. 30(4), pages 660-677, June.
    83. Aysun, Uluc, 2022. "A structural approach to measuring the degree of economic integration: Evidence from G-7 countries," Journal of International Money and Finance, Elsevier, vol. 124(C).
    84. Shang-Jin Wei & Yinxi Xie, 2018. "The Wedge of the Century: Understanding a Divergence between CPI and PPI Inflation Measures," NBER Working Papers 24319, National Bureau of Economic Research, Inc.
    85. Daniel Farhat, 2010. "Capital Accumulation, Non-traded Goods and International Macroeconomic Dynamics with Heterogeneous Firms," Working Papers 1002, University of Otago, Department of Economics, revised May 2010.
    86. Rima Rubčinskaitė & Laimutė Urbšienė, 2024. "What matters for the economic synchronization of the Baltic States," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(3), pages 645-678, August.
    87. Davis, J. Scott & Huang, Kevin X.D., 2011. "International real business cycles with endogenous markup variability," Journal of International Economics, Elsevier, vol. 85(2), pages 302-316.
    88. Athina Zervoyianni & Athanasios Anastasiou, 2009. "Convergence of shocks and trade in the enlarged European Union," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 18(1), pages 79-114.
    89. Alicia Garcia-Herrero & Juan M. Ruiz, 2008. "Do Trade and Financial Linkages Foster Business cycle Synchronization in a small economy?," Working Papers 0801, BBVA Bank, Economic Research Department.
    90. International Monetary Fund, 2004. "Canada: Selected Issues," IMF Staff Country Reports 2004/060, International Monetary Fund.
    91. Bena, Jan & Dinc, Serdar & Erel, Isil, 2022. "The international propagation of economic downturns through multinational companies: The real economy channel," Journal of Financial Economics, Elsevier, vol. 146(1), pages 277-304.
    92. Mr. Ayhan Kose & Mr. Marco Terrones & Mr. Eswar S Prasad, 2003. "Volatility and Comovement in a Globalized World Economy: An Empirical Exploration," IMF Working Papers 2003/246, International Monetary Fund.
    93. Oscar Avila-Montealegre & Carter Mix, 2020. "Common Trade Exposure and Business Cycle Comovement," Borradores de Economia 1149, Banco de la Republica de Colombia.
    94. Beck, Krzysztof, 2021. "Why business cycles diverge? Structural evidence from the European Union," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    95. Tommaso Monacelli, 2010. "Comment on "Business Cycles in the Euro Area"," NBER Chapters, in: Europe and the Euro, pages 447-454, National Bureau of Economic Research, Inc.
    96. Gnangnon, Sèna Kimm, 2021. "Tax reform and public debt instability in developing countries: The trade openness and public revenue instability channels," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 54-67.
    97. Francois de Soyres & Alexandre Gaillard, 2019. "Trade, Global Value Chains and GDP Co-Movement," World Bank Publications - Reports 33060, The World Bank Group.
    98. M. Ayhan Kose & Kei-Mu Yi, 2002. "The trade comovement problem in international macroeconomics," Staff Reports 155, Federal Reserve Bank of New York.
    99. Rebecca Hellerstein, 2004. "Who Bears the Cost of a Change in the Exchange Rate?," Econometric Society 2004 North American Summer Meetings 589, Econometric Society.
    100. Krzysztof Beck & Ntokozo Patrick Nzimande, 2023. "Labor mobility and business cycle synchronization in Southern Africa," Economic Change and Restructuring, Springer, vol. 56(1), pages 159-179, February.
    101. Kalemli-Özcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2009. "Financial Integration and Business Cycle Synchronization," CEPR Discussion Papers 7292, C.E.P.R. Discussion Papers.
    102. Murach, Michael & Wagner, Helmut, 2019. "The effects of external shocks on the business cycle in China: A structural change perspective," CEAMeS Discussion Paper Series 1/2016, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2019.
    103. Montalbano, Pierluigi, 2011. "Trade Openness and Developing Countries' Vulnerability: Concepts, Misconceptions, and Directions for Research," World Development, Elsevier, vol. 39(9), pages 1489-1502, September.
    104. Linda L. Tesar, 2008. "Production Sharing and Business Cycle Synchronization in the Accession Countries," NBER Chapters, in: NBER International Seminar on Macroeconomics 2006, pages 195-238, National Bureau of Economic Research, Inc.
    105. Nan Li & Keyu Jin, 2012. "International Transmission through Relative Prices," 2012 Meeting Papers 1185, Society for Economic Dynamics.
    106. Ian Babetskii, 2005. "Trade integration and synchronization of shocks," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(1), pages 105-138, January.
    107. Rafiq, M.S., 2011. "The optimality of a gulf currency union: Commonalities and idiosyncrasies," Economic Modelling, Elsevier, vol. 28(1), pages 728-740.
    108. Frankel, Jeffrey, 2008. "Should Eastern European Countries Join the Euro? A Review and Update of Trade Estimates and Consideration of Endogenous OCA Criteria," Working Paper Series rwp08-059, Harvard University, John F. Kennedy School of Government.
    109. Gunnella, Vanessa & Al-Haschimi, Alexander & Benkovskis, Konstantins & Chiacchio, Francesco & de Soyres, François & Di Lupidio, Benedetta & Fidora, Michael & Franco-Bedoya, Sebastian & Frohm, Erik & G, 2019. "The impact of global value chains on the euro area economy," Occasional Paper Series 221, European Central Bank.
    110. Miroslav Kollár, 2007. "Struktura výroby, vnitroodvětvový obchod a jejich relevance pro teorii optimálních měnových oblastí [Structure of production, intraindustry trade and their relevance for the optimum currency areas ," Politická ekonomie, Prague University of Economics and Business, vol. 2007(5), pages 603-624.
    111. Rafiq, M.S., 2011. "The optimality of a gulf currency union: Commonalities and idiosyncrasies," Economic Modelling, Elsevier, vol. 28(1-2), pages 728-740, January.
    112. Luciana Juvenal, Luciana & Santos Monteiro, Paulo, 2010. "Trade and Synchronization in a Multi-Country Economy," CAGE Online Working Paper Series 31, Competitive Advantage in the Global Economy (CAGE).
    113. Edgar J. Sánchez Carrera & Vanesa Avalos-Gaytán & Yajaira Cardona Valdés, 2019. "Synchronization of globalized economies," Working Papers 1909, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2019.
    114. Mr. Sebastian Sosa, 2008. "External Shocks and Business Cycle Fluctuations in Mexico: How Important are U.S. Factors?," IMF Working Papers 2008/100, International Monetary Fund.

  58. M. Ayhan Kose & Raymond Riezman, 2000. "Understanding the Welfare Implications of Preferential Trade Agreements," Review of International Economics, Wiley Blackwell, vol. 8(4), pages 619-633, November.
    See citations under working paper version above.
  59. M. Ayhan Kose & Raymond Riezman, 1998. "External Shocks and Economic Dynamics: The Case of African Countries," Journal of African Development, African Finance and Economic Association (AFEA), vol. 3(1), pages 1-42.
    See citations under working paper version above.

Software components

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Chapters

  1. Laura E. Jackson & M. Ayhan Kose & Christopher Otrok & Michael T. Owyang, 2016. "Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement," Advances in Econometrics, in: Dynamic Factor Models, volume 35, pages 361-400, Emerald Group Publishing Limited.
    See citations under working paper version above.
  2. M. Ayhan Kose & Raymond Riezman, 2013. "Trade shocks and macroeconomic fluctuations in Africa," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chapter 19, pages 369-394, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  3. M. Ayhan Kose & Raymond Riezman, 2013. "Understanding the Welfare Implications of Preferential Trade Agreements," World Scientific Book Chapters, in: Raymond Riezman (ed.), International Trade Agreements and Political Economy, chapter 7, pages 85-99, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  4. Hideaki Hirata & M. Ayhan Kose & Christopher Otrok & Marco E. Terrones, 2012. "Global House Price Fluctuations: Synchronization and Determinants," NBER Chapters, in: NBER International Seminar on Macroeconomics 2012, pages 119-166, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  5. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2011. "Recessions and Financial Disruptions in Emerging Markets: A Bird’s Eye View," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Roberto Chang & Diego Saravia (ed.),Monetary Policy under Financial Turbulence, edition 1, volume 16, chapter 4, pages 059-104, Central Bank of Chile.
    See citations under working paper version above.
  6. Kose, M. Ayhan & Prasad, Eswar & Rogoff, Kenneth & Wei, Shang-Jin, 2010. "Postscript to Financial Globalization and Economic Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, pages 4360-4362, Elsevier.

    Cited by:

    1. Ketteni, Elena & Kottaridi, Constantina, 2019. "Credit market deregulation and economic growth: Further insights using a marginal integration approach," Journal of Macroeconomics, Elsevier, vol. 62(C).
    2. Asaf Akat & Ege Yazgan, 2013. "Observations on Turkey’s Recent Economic Performance," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(1), pages 1-27, March.
    3. Cho, Yujeong & He, Yintao & Huang, Yiping & Wang, Jieru & Yu, Changhua, 2025. "Exchange rate regime and optimal policy: The case of China," Journal of International Money and Finance, Elsevier, vol. 152(C).
    4. Durmuş Çağrı Yıldırım & Işıl Demirtaş & Seda Yıldırım & Tuğba Turan, 2025. "The role of financial inclusion and human capital on the ecological deficit," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(3), pages 7091-7114, March.
    5. Charles W. Calomiris & Mauricio Larrain & Sergio L. Schmukler, 2019. "Capital Inflows, Equity Issuance Activity, and Corporate Investment," Mo.Fi.R. Working Papers 156, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    6. Calderón, César & Kubota, Megumi, 2019. "Ride the Wild Surf: An investigation of the drivers of surges in capital inflows," Journal of International Money and Finance, Elsevier, vol. 92(C), pages 112-136.
    7. Rasmane Ouedraogo & Hamidous Sawadogo & Issa Dianda, 2024. "Globalisation, economic growth and quality of infrastructure: New insights," The World Economy, Wiley Blackwell, vol. 47(4), pages 1682-1716, April.
    8. Hammudeh, Shawkat & Sohag, Kazi & Husain, Shaiara & Husain, Humaira & Said, Jamaliah, 2020. "Nonlinear relationship between economic growth and nuances of globalisation with income stratification: Roles of financial development and governance," Economic Systems, Elsevier, vol. 44(3).
    9. Kim, Woochan & Sung, Taeyoon & Wei, Shang-Jin, 2017. "The diffusion of corporate governance to emerging markets: Evaluating two dimensions of investor heterogeneity," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 406-432.
    10. Helder Ferreira de Mendonça & Natália Ferreira Trigo, 2024. "What is the effect of imported inflation and central bank credibility on the poor and rich?," Applied Economics, Taylor & Francis Journals, vol. 56(21), pages 2520-2543, May.
    11. Mirdala, Rajmund & Svrčeková, Aneta, 2014. "Financial Integration, Volatility of Financial Flows and Macroeconomic Volatility," MPRA Paper 61845, University Library of Munich, Germany.
    12. Khan, Muhammad Imran & Teng, Jian-Zhou & Khan, Muhammad Kamran & Jadoon, Arshad Ullah & Khan, Muhammad Fayaz, 2021. "The impact of oil prices on stock market development in Pakistan: Evidence with a novel dynamic simulated ARDL approach," Resources Policy, Elsevier, vol. 70(C).
    13. Toledo, Katia & Alvarado, Alfredo, 2023. "Tackling BEPS in the Global South: Evidence from Peru’s tax reform," Economic Systems, Elsevier, vol. 47(3).
    14. Samargandi, Nahla & Kutan, Ali M., 2016. "Private credit spillovers and economic growth: Evidence from BRICS countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 44(C), pages 56-84.
    15. Han, Wontae & Wang, Jian & Wang, Xiao, 2022. "FDI and firm productivity in host countries: The role of financial constraints," Journal of International Money and Finance, Elsevier, vol. 124(C).
    16. Lucas Njoroge, 2021. "Capital Inflows and Economic Growth in Selected COMESA Member Countries," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 10(4), pages 1-3.
    17. Bumann, Silke & Hermes, Niels & Lensink, Robert, 2013. "Financial liberalization and economic growth: A meta-analysis," Journal of International Money and Finance, Elsevier, vol. 33(C), pages 255-281.
    18. Aluko, Olufemi Adewale & Opoku, Eric Evans Osei, 2022. "The financial development impact of financial globalization revisited: A focus on OECD countries," International Economics, Elsevier, vol. 169(C), pages 13-29.
    19. Yuanzhi Liu & Akintoye Victor Adejumo & Oluwabunmi Opeyemi Adejumo & Timothy Ayomitunde Aderemi, 2022. "Globalization and Economic Growth: A Sustainability Analysis for South Asian Countries," Global Policy, London School of Economics and Political Science, vol. 13(4), pages 507-522, September.
    20. Claessens, Stijn & Yurtoglu, B. Burcin, 2013. "Corporate governance in emerging markets: A survey," Emerging Markets Review, Elsevier, vol. 15(C), pages 1-33.
    21. Bumann, Silke & Lensink, Robert, 2016. "Capital account liberalization and income inequality," Journal of International Money and Finance, Elsevier, vol. 61(C), pages 143-162.
    22. Hu, Xiaoxue & Li, Dongxu & Wang, Jingni, 2024. "Green-selecting: Foreign institutional ownership and corporate green practices," Finance Research Letters, Elsevier, vol. 62(PB).

  7. S. Borağan Aruoba & Francis X. Diebold & M. Ayhan Kose & Marco E. Terrones, 2010. "Globalization, the Business Cycle, and Macroeconomic Monitoring," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 245-286, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  8. Stijn Claessens & M. Ayhan Kose & Marco E. Terrones, 2010. "Financial Cycles: What? How? When?," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 303-343, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  9. Kose, M. Ayhan & Prasad, Eswar & Rogoff, Kenneth & Wei, Shang-Jin, 2010. "Financial Globalization and Economic Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4283-4359, Elsevier.
    See citations under working paper version above.
  10. Eswar S. Prasad & Kenneth Rogoff & Shang-Jin Wei & M. Ayhan Kose, 2007. "Financial Globalization, Growth and Volatility in Developing Countries," NBER Chapters, in: Globalization and Poverty, pages 457-516, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  11. M. Ayhan Kose & Guy M. Meredith & Christopher M. Towe, 2005. "How Has NAFTA Affected the Mexican Economy? Review and Evidence," Springer Books, in: Rolf J. Langhammer & Lúcio Vinhas Souza (ed.), Monetary Policy and Macroeconomic Stabilization in Latin America, pages 35-81, Springer.
    See citations under working paper version above.

Books

  1. Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," World Bank Publications - Books, The World Bank Group, number 41403.
    See citations under working paper version above.
  2. M. Ayhan Kose & Peter Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2021. "Global Waves of Debt," World Bank Publications - Books, The World Bank Group, number 32809.

    Cited by:

    1. Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "Technology and demand drivers of productivity dynamics in developed and emerging market economies," Working Paper Series 2533, European Central Bank.
    2. Dumitriu Ramona & Stefanescu Razvan, 2020. "Improving IMF’s Reputation in the Context of COVID-19," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 230-238.
    3. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Donato Masciandaro, 2020. "Covid-19 Helicopter Money, Monetary Policy And Central Bank Independence: Economics And Politics," BAFFI CAREFIN Working Papers 20137, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    5. José Ramón Martínez Resano & Sonsoles Gallego, 2021. "G20 debt-relief initiatives for low-income countries during the pandemic," Economic Bulletin, Banco de España, issue 3/2021.
    6. Kose, M. Ayhan & Nagle, Peter & Ohnsorge, Franziska & Sugawara, Naotaka, 2021. "What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami," MPRA Paper 110897, University Library of Munich, Germany.
    7. Gegenfurtner, Dennis Andreas, 2021. "The causes of Original Sin: An empirical investigation of emerging market and developing countries," IPE Working Papers 174/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    8. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    9. Giselle Datz, 2021. "Ties that bind and blur: financialization and the evolution of sovereign debt as private contract," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 571-587, December.
    10. Feyen,Erik H.B. & Dancausa,Fernando & O'Reilly Gurhy,Bryan & Nie,Owen, 2020. "COVID-19 and EMDE Corporate Balance Sheet Vulnerabilities : A Simple Stress-Test Approach," Policy Research Working Paper Series 9324, The World Bank.
    11. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    12. Eiji Fujii, 2020. "Currency Portfolio of External Debt, Exchange Rate Cyclicality, and Consumption Volatility," CESifo Working Paper Series 8287, CESifo.
    13. Keston K. Perry, 2021. "Financing a Global Green New Deal: Greening Capitalism or Taming Financialization for a New ‘Civilizing’ Multilateralism?," Development and Change, International Institute of Social Studies, vol. 52(4), pages 1022-1044, July.
    14. Alice Nicole Sindzingre, 2021. "Truth vs justification: contrasting heterodox and mainstream thinking on development via the example of austerity in Africa," Working Papers hal-03139457, HAL.
    15. Carrera, Jorge & de la Vega, Pablo, 2021. "The impact of income inequality on public debt," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).
    16. Carlos Cantú & Michael Chui, 2020. "Financial market development and financial stability," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 19-38, Bank for International Settlements.
    17. Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2020. "Benefits and Costs of Debt : The Dose Makes the Poison," Policy Research Working Paper Series 9166, The World Bank.
    18. Kolluru Mythili & Hyams-Ssekasi Denis & Rao K.V.Ch.Madhu Sudhana, 2021. "A Study of Global Recession Recovery Strategies in Highly Ranked GDP EU Countries," Economics, Sciendo, vol. 9(1), pages 85-105, June.
    19. Donato Masciandaro, 2020. "Ecb Helicopter Money: Economic And Political Economy Arithmetics," BAFFI CAREFIN Working Papers 20138, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    20. Halebić Jasmin & Moćević Amina, 2020. "Analysis of Public Debt at Subnational Government Levels: Evidence from Cantons in the Federation of Bosnia and Herzegovina," South East European Journal of Economics and Business, Sciendo, vol. 15(2), pages 109-123, December.
    21. Martin Sokol & Leonardo Pataccini, 2020. "Winners And Losers In Coronavirus Times: Financialisation, Financial Chains and Emerging Economic Geographies of The Covid‐19 Pandemic," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 111(3), pages 401-415, July.
    22. Ligang Song & Yixiao Zhou, 2020. "The COVID‐19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(4), pages 1-25, July.

  3. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2019. "Inflation in Emerging and Developing Economies," World Bank Publications - Books, The World Bank Group, number 30657.

    Cited by:

    1. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2022. "Global Stagflation," Koç University-TUSIAD Economic Research Forum Working Papers 2204, Koc University-TUSIAD Economic Research Forum.
    2. Ha, Jongrim & Kose, M. Ayhan & Ohnsorge, Franziska, 2021. "Inflation During the Pandemic: What Happened? What is Next?," MPRA Paper 108677, University Library of Munich, Germany.
    3. World Bank, 2022. "Maximizing Finance for Development," World Bank Publications - Reports 37100, The World Bank Group.
    4. Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2019. "Inflation Expectations of Households: Do They Influence Wage-Price Dynamics in India?," EconStor Preprints 193462, ZBW - Leibniz Information Centre for Economics.
    5. Kiss, Tibor & Popovics, Steve, 2021. "Evaluation on the effectiveness of energy policies – Evidence from the carbon reductions in 25 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 149(C).
    6. Mmakganya Mashoene & Mishelle Doorasamy & Rajendra Rajaram, 2021. "The application of different term-structure models to estimate South African real spot rate curve," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 21-36, July.
    7. Kristin Forbes & Jongrim Ha & M. Ayhan Kose, 2025. "Tradeoffs over Rate Cycles: Activity, Inflation, and the Price Level," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    8. Kamber, Güneş & Wong, Benjamin, 2020. "Global factors and trend inflation," Journal of International Economics, Elsevier, vol. 122(C).
    9. Dennis Nsafoah & Cosmas Dery & Ayobami E. Ilori, 2025. "Revisiting the drivers of inflation in Sub-Saharan Africa after COVID-19," Empirical Economics, Springer, vol. 68(3), pages 1073-1112, March.
    10. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020. "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers 202015, University of Barcelona, Research Institute of Applied Economics, revised Oct 2020.
    11. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    12. Kose, M. Ayhan & Ha, Jongrim & Ohnsorge, Franziska, 2019. "Global Inflation Synchronization," CEPR Discussion Papers 13600, C.E.P.R. Discussion Papers.
    13. Jongrim Ha & M. Ayhan Kose & Franziska Ohnsorge, 2021. "One-stop source: A global database of inflation," CAMA Working Papers 2021-59, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. Jongrim Ha & M. Ayhan Kose & Franziska L. Ohnsorge, 2019. "Understanding Inflation in Emerging and Developing Economies," CAMA Working Papers 2019-22, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    15. Jongrim Ha & Seohyun Lee & Inhwan So, 2022. "The Impact of Uncertainty Shocks: Evidence from Geopolitical Swings on the Korean Peninsula," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(1), pages 21-56, February.
    16. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    17. Kamal Lahlou & Hicham Bennouna, 2022. "Contributions des facteurs domestiques et externes à la dynamique de l’inflation au Maroc," Document de travail 2022-1, Bank Al-Maghrib, Département de la Recherche.
    18. M.Ayhan Kose & Peter S. O. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Can this time be different? Policy options in times of rising debt," CAMA Working Papers 2020-23, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    19. Kristin Forbes, 2019. "Inflation Dynamics: Dead, Dormant, or Determined Abroad?," NBER Working Papers 26496, National Bureau of Economic Research, Inc.
    20. Fahim Al Marhubi, 2021. "Economic Complexity and Inflation: An Empirical Analysis," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(3), pages 259-271, September.
    21. World Bank Group, 2022. "Commodity Markets Outlook, April 2022," World Bank Publications - Books, The World Bank Group, number 37223.
    22. World Bank, 2023. "Energizing Europe - Inclusive Growth," World Bank Publications - Reports 40026, The World Bank Group.
    23. Guénette, Justin Damien & Kose, M. Ayhan & Sugawara, Naotaka, 2022. "Is a Global Recession Imminent?," CEPR Discussion Papers 17566, C.E.P.R. Discussion Papers.
    24. Dizioli, Allan & Wang, Hou, 2024. "How do adaptive learning expectations rationalize stronger monetary policy response in Brazil?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(1).
    25. World Bank, 2021. "Central Bank Digital Currency," World Bank Publications - Reports 36766, The World Bank Group.
    26. Taderera, Marimo & Akinsomi, Omokolade, 2020. "Is commercial real estate a good hedge against inflation? Evidence from South Africa," Research in International Business and Finance, Elsevier, vol. 51(C).
    27. Helder Ferreira de Mendonça & Natália Ferreira Trigo, 2024. "What is the effect of imported inflation and central bank credibility on the poor and rich?," Applied Economics, Taylor & Francis Journals, vol. 56(21), pages 2520-2543, May.
    28. Lenin Arango-Castillo & María José Orraca & Regina Briseño, 2025. "Inflation volatility across advanced and emerging economies during the COVID-19 pandemic," Working Papers 2025-13, Banco de México.
    29. Guillermo A. Calvo, 2019. "Liquidity Deflation and Liquidity Trap under Flexible Prices: Some Microfoundations and Implications," NBER Working Papers 26277, National Bureau of Economic Research, Inc.
    30. Anusha Chari & Peter Blair Henry & Hector Reyes, 2020. "The Baker Hypothesis," NBER Working Papers 27708, National Bureau of Economic Research, Inc.
    31. Ryan Niladri Banerjee & Juan Contreras & Aaron Mehrotra & Fabrizio Zampolli, 2020. "Inflation at risk in advanced and emerging economies," BIS Working Papers 883, Bank for International Settlements.
    32. Tommy Chrimes & Bram Gootjes & M. Ayhan Kose & Collette Wheeler, 2024. "The Great Reversal," CAMA Working Papers 2024-27, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    33. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global recessions," CAMA Working Papers 2020-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    34. Anusha Chari & Peter Blair Henry & Hector Reyes, 2021. "The Baker Hypothesis: Stabilization, Structural Reforms, and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 35(3), pages 83-108, Summer.
    35. Justin Damien Guenette & Philip George Kenworthy & Collette Mari Wheeler, 2022. "Implications of the War in Ukraine for the Global Economy," World Bank Publications - Reports 37372, The World Bank Group.
    36. M. Ayhan Kose & Franziska Ohnsorge, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," Koç University-TUSIAD Economic Research Forum Working Papers 2005, Koc University-TUSIAD Economic Research Forum.
    37. Yu Chen & Apostolos Serletis, 2025. "Monetary Policy Strategies in Advanced and Emerging Economies," Open Economies Review, Springer, vol. 36(1), pages 1-23, February.
    38. Christopher J. Neely, 2021. "International Inflation Trends," Economic Synopses, Federal Reserve Bank of St. Louis, issue 9, pages 1-2, May.
    39. Cevik Serhan & Jalles Joao, 2024. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Review of Economics, De Gruyter, vol. 75(2), pages 109-138.
    40. Fahmida Mostafiz, 2024. "Industrial Policy and The New Structural Economics Theory: A Transitional Economy Perspective," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(6), pages 1-24.
    41. Serhan Cevik & Tianle Zhu, 2020. "Trinity Strikes Back: Monetary Independence And Inflation In The Caribbean," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(3), pages 375-388, April.
    42. Monnet, Eric & Puy, Damien, 2021. "One Ring to Rule Them All? New Evidence on World Cycles," CEPR Discussion Papers 15958, C.E.P.R. Discussion Papers.
    43. Szafranek, Karol, 2021. "Evidence on time-varying inflation synchronization," Economic Modelling, Elsevier, vol. 94(C), pages 1-13.
    44. Cristina Arellano & Yan Bai & Gabriel Mihalache, 2019. "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Department of Economics Working Papers 19-02-rev1, Stony Brook University, Department of Economics.
    45. Guenette,Justin Damien, 2020. "Price Controls : Good Intentions, Bad Outcomes," Policy Research Working Paper Series 9212, The World Bank.
    46. World Bank, 2022. "Global Economic Prospects, January 2022," World Bank Publications - Books, The World Bank Group, number 36519.
    47. Eun Jin Ryu & Aya Suzuki, 2021. "ROSCAS as Insurance: Comparing Formal and Informal Methods of Saving among the Unskilled Workers in the Ethiopian Cut‐Flower Industry," The Developing Economies, Institute of Developing Economies, vol. 59(3), pages 243-274, September.
    48. Günes Kamber & Madhusudan Mohanty & James Morley, 2020. "What drives inflation in advanced and emerging market economies?," BIS Papers chapters, in: Bank for International Settlements (ed.), Inflation dynamics in Asia and the Pacific, volume 111, pages 21-36, Bank for International Settlements.
    49. Abou Hamia, Mohamad A., 2024. "Why developing countries need a new central bank paradigm: Evidence from the Middle East and North Africa region," Economic Systems, Elsevier, vol. 48(4).
    50. Alain N. Kabundi & Mr. Montfort Mlachila & Jiaxiong Yao, 2022. "How Persistent are Climate-Related Price Shocks? Implications for Monetary Policy," IMF Working Papers 2022/207, International Monetary Fund.
    51. Ha,Jongrim & Ivanova,Anna & Ohnsorge,Franziska Lieselotte & Unsal Portillo Ocando,Derya Filiz, 2019. "Inflation : Concepts, Evolution, and Correlates," Policy Research Working Paper Series 8738, The World Bank.
    52. Salvucci, Vincenzo & Tarp, Finn, 2024. "Crises, prices, and poverty – An analysis based on the Mozambican household budget surveys 1996/97–2019/20," Food Policy, Elsevier, vol. 125(C).
    53. Güneş Kamber & Madhusudan Mohanty & James Morley, 2020. "Have the driving forces of inflation changed in advanced and emerging market economies?," BIS Working Papers 896, Bank for International Settlements.
    54. Philipp F. M. Baumann & Enzo Rossi & Alexander Volkmann, 2020. "What Drives Inflation and How: Evidence from Additive Mixed Models Selected by cAIC," Papers 2006.06274, arXiv.org, revised Aug 2022.
    55. Ryan Niladri Banerjee & Valerie Boctor & Aaron Mehrotra & Fabrizio Zampolli, 2023. "Fiscal sources of inflation risk in EMDEs: the role of the external channel," BIS Working Papers 1110, Bank for International Settlements.
    56. Szafranek, Karol, 2021. "Disentangling the sources of inflation synchronization. Evidence from a large panel dataset," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 229-245.
    57. Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Naoya Kishi, 2024. "Changes in the Global Economic Landscape and Issues for Japan's Economy," Bank of Japan Working Paper Series 24-E-3, Bank of Japan.
    58. Cummins, Matthew, 2019. "The Macroeconomic and Social Investment Outlook for Children in Eastern and Southern Africa," MPRA Paper 97734, University Library of Munich, Germany.

  4. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.

    Cited by:

    1. Emanuel Kohlscheen & Aaron Mehrotra & Dubravko Mihaljek, 2020. "Residential Investment and Economic Activity: Evidence from the Past Five Decades," International Journal of Central Banking, International Journal of Central Banking, vol. 16(6), pages 287-329, December.
    2. Douglas W. Diamond & Yunzhi Hu & Raghuram G. Rajan, 2020. "The Spillovers from Easy Liquidity and the Implications for Multilateralism," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 4-34, March.
    3. Koray Alper & Tanju Capacioglu, 2023. "Funding Stability and the Pricing of Retail Rates: Evidence from Turkish Banking Sector," Koç University-TUSIAD Economic Research Forum Working Papers 2309, Koc University-TUSIAD Economic Research Forum.
    4. Amat Adarov, 2022. "Financial cycles around the world," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3163-3201, July.
    5. Raddant, Matthias & Kenett, Dror, 2016. "Interconnectedness in the global financial market," VfS Annual Conference 2016 (Augsburg): Demographic Change 145560, Verein für Socialpolitik / German Economic Association.
    6. An, Hui & Huang, Yang & Fan, Lifu & Wang, Hao & He, Xuan, 2025. "The impact of the global financial cycle on China's cross-border capital flows," China Economic Review, Elsevier, vol. 91(C).
    7. Hernández, Juan R., 2020. "Covered Interest Parity: A Stochastic Volatility Approach to Estimate the Neutral Band," MPRA Paper 100744, University Library of Munich, Germany.
    8. Meng Yan & Kai Shi, 2024. "Revisiting the Impact of US Uncertainty Shocks: New Evidence from China’s Investment Dynamics," Open Economies Review, Springer, vol. 35(3), pages 457-495, July.
    9. Khwazi Magubane, 2024. "Financial cycles synchronisation in South Africa. A dynamic conditional correlation (DCC) Approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 12(1), pages 2321069-232, December.
    10. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    11. Ngene, Geoffrey M. & Tah, Kenneth A., 2023. "How are policy uncertainty, real economy, and financial sector connected?," Economic Modelling, Elsevier, vol. 123(C).
    12. Kouretas, Georgios P. & Pawłowska, Małgorzata, 2020. "Does change in the market structure have any impact on different types of bank loans in the EU?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 65(C).
    13. Kouretas, Georgios P. & Pawłowska, Małgorzata & Szafrański, Grzegorz, 2020. "Market structure and credit procyclicality: Lessons from loan markets in the European Union banking sectors," Economic Modelling, Elsevier, vol. 93(C), pages 27-50.
    14. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2018. "La política monetaria cercada por un movimiento de pinzas," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 21(2), pages 004-044, August.
    15. Mikhail Stolbov & Maria Shchepeleva, 2021. "Macrofinancial linkages in Europe: Evidence from quantile local projections," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5557-5569, October.
    16. Misha van Beek, 2020. "Consistent Calibration of Economic Scenario Generators: The Case for Conditional Simulation," Papers 2004.09042, arXiv.org.
    17. Borio, Claudio & Drehmann, Mathias & Xia, Fan Dora, 2020. "Forecasting recessions: the importance of the financial cycle," Journal of Macroeconomics, Elsevier, vol. 66(C).
    18. Zabavnik, Darja & Verbič, Miroslav, 2024. "Financial frictions in a macroeconometric model: A counterfactual analysis for the case of Slovenia," Economic Systems, Elsevier, vol. 48(4).
    19. Fuad Ganbarov & Klaudia Smoląg & Rashad Muradov & Konul Aghayeva & Rumella Jafarova & Yashar Mammadov, 2020. "Sustainable Development of the Mortgage Market in Azerbaijan: Commercial Risks of Housing Construction, Social Vision, and State Influence," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    20. Hwang, Sun Ho & Kim, Yun Jung, 2021. "International output synchronization at different frequencies," Economic Modelling, Elsevier, vol. 104(C).
    21. David Aikman & Daniel Beale & Adam Brinley-Codd & Giovanni Covi & Anne‑Caroline Hüser & Caterina Lepore, 2023. "Macroprudential stress‑test models: a survey," Bank of England working papers 1037, Bank of England.
    22. Velimir Bole & Miha Dominko & Ada Guštin Habuš & Janez Prašnikar, 2019. "Countries Of Former Yugoslavia: Periphery Vs. Super-Periphery In The Great Recession And Beyond," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(223), pages 11-38, October –.
    23. Jerónimo, J. & Azevedo, Assis & Neves, P.C. & Thompson, M., 2023. "Interactions between financial constraints and economic growth," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    24. Canepa, Alessandra & Zanetti Chini, Emilio & Alqaralleh, Huthaifa, 2020. "Global Cities and Local Challenges: Booms and Busts in the London Real Estate Market," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202011, University of Turin.
    25. Vrinda Gupta & Amlendu Dubey, 2024. "US monetary policy, the global financial cycle and cross-country financial cycles," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(4), pages 999-1019, December.
    26. Jardine A. Husman & Ali Sakti & Dahnila Dahlan & Imam Wahyudi Indrawan & Zaäfri A. Husodo & Nur Dhani Hendranastiti & Muhammad Budi Prasetyo & Wahyu Jatmiko, 2022. "On The Development Of The Islamic Benchmark Rate: An Indonesian Case," Working Papers WP/04/2022, Bank Indonesia.
    27. Bole, Velimir & Habuš, Ada Guštin & Koman, Matjaž & Prašnikar, Janez, 2023. "Blockholdings in closely held corporations: An analysis of ownership coalitions in emerging countries," Economic Systems, Elsevier, vol. 47(2).
    28. Nitzan Tzur-Ilan, 2019. "Macroprudential Policy: Implementation, Effects, And Lessons," Israel Economic Review, Bank of Israel, vol. 17(1), pages 39-71.

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