Cavallo, Eduardo, Powell, Andrew.
As emerging markets slow, the fear of ‘sudden stops’ in capital flows is rising. This column presents a new taxonomy of Sudden Stops that is founded on the behaviour of gross and net capital flows. The results raise several puzzles. Given continued financial globalisation, how developing and advanced economies can protect themselves at minimum cost remains a critical topic for researchers and policymakers.
Πηγή: Voxeu
Richard Baldwin Service value chains are expanding faster than industrial ones, yet their geography is strikingly different: a US-centred star rather than regional blocs. This
Victoria Ivashina This paper provides an introduction to the modern private debt market and examines its rapid expansion following the 2007–2009 global financial crisis. Traditionally,
Διαβάζω συχνά πως τα αθροιστικά αποτελέσματα της ΤΝ –παραγωγικότητα, απασχόληση– δεν είναι, ακόμη, διαγνώσιμα ή, πως οι μικροοικονομικές εκτιμήσεις και οι προβολές των τελευταίων είναι,