External Shocks Policy Response And Economic Performance
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External Shocks Policy Response And Economic Performance
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Author : J. Peter Neary
language : en
Publisher:
Release Date : 1993
External Shocks Policy Response And Economic Performance written by J. Peter Neary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Externalities (Economics) categories.
The Balance Of Payments Effects Of External Shocks And Of Policy Responses To These Shocks
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Author : Bela Balassa
language : en
Publisher: Development Centre of the Organisation for Economic Co-operation and Development
Release Date : 1981
The Balance Of Payments Effects Of External Shocks And Of Policy Responses To These Shocks written by Bela Balassa and has been published by Development Centre of the Organisation for Economic Co-operation and Development this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Business & Economics categories.
Measuring The Effect Of External Shocks And The Polic Y Response To Them
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Author : F. Desmond McCarthy
language : en
Publisher: World Bank Publications
Release Date : 1994
Measuring The Effect Of External Shocks And The Polic Y Response To Them written by F. Desmond McCarthy and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Balance of payments categories.
How can the governments in Eastern Europe and developing countries reduce their vulnerability to such shocks? What are the appropriate policy responses? Here is a method for measuring the effect of external shocks on the current account, applied to the Philippines.
The Transmission Of External Shocks In Asia Country Characteristics And Policy Responses
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Author : Mr.Pragyan Deb
language : en
Publisher: International Monetary Fund
Release Date : 2021-01-08
The Transmission Of External Shocks In Asia Country Characteristics And Policy Responses written by Mr.Pragyan Deb and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-08 with Business & Economics categories.
Asian economies are increasingly integrated to the global economy through trade and financial linkages, exposing them to the international financial cycle. This paper explores how external shocks are transmitted to Asian economies and whether the use of policies, such as the monetary policy interest rate, foreign exchange intervention (FXI) and macroprudential measures (MPMs), can mitigate the impact of these external shocks. It uses panel quantile regressions on a sample of 14 Asian advanced and emerging economies (AEs and EMs) to assess the impact of financial and real shocks on investment and GDP growth at the median and 5th percentile tail. It finds that external financial shocks tend to have a larger effect on Asian economies than real shocks, and that the main transmission channels through which shocks are propagated are capital flows (particularly via corporate and bank balance sheets) for EMs, and credit for AEs. It also finds evidence that for Asian EMs, FXI may help dampen the capital flows and real exchange rate channels and mitigate financial shocks in the short run, and monetary policy transmission tends to be relatively weak; meanwhile MPMs can help mitigate the credit channel for both AEs and EMs.
External Shocks And Macroeconomic Adjustments In The Philippines And Thailand
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Author : Soonthorn Chaiyindeepum
language : en
Publisher:
Release Date : 1992
External Shocks And Macroeconomic Adjustments In The Philippines And Thailand written by Soonthorn Chaiyindeepum and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Philippines categories.
The Impact Of External Shocks On Economic Performance And Policy Responses In Zimbabwe
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Author : Smart Manda
language : en
Publisher:
Release Date : 2017
The Impact Of External Shocks On Economic Performance And Policy Responses In Zimbabwe written by Smart Manda and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Developing countries categories.
Macroeconomic Policy In India Since The Global Financial Crisis
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Author : Sebastian Morris
language : en
Publisher: Springer Nature
Release Date : 2022-05-25
Macroeconomic Policy In India Since The Global Financial Crisis written by Sebastian Morris and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-25 with Business & Economics categories.
This book discusses the Indian economic crisis and brings out what went wrong and the correction necessary for getting the economy back to high growth trajectory, leading to economic transformation. To do so, the book covers trends in performance of Indian economy since the Global Financial Crisis to the COVID-19 effect, bringing out factors that have determined the same. The book questions the approach to macroeconomic policy of both the RBI and the government and brings out what it takes for macroeconomic policy to be supportive of high growth. It contains revealing contrasts with East Asia and China, although India has the same potential to grow with an expansion of manufacturing. Overall, it argues that macroeconomic policies (as much as structural, industrial, and trade policies) have been deficient and even good initiatives on the industrial policy and trade flounder for the lack of a strategic approach to macroeconomics. The book highlights the special opportunities present in an emerging economy with vast under and utilised labour and the macroeconomic policy initiatives that can take advantage of this key feature. It covers the macroeconomic data on growth using multiple indicators, then the external shocks and the internal policy measures/responses; besides, GVA/GDP, credit, exports, external transactions, interest and policy rates, yields, exchange rates, money, capital flows, indices of industrial sector, price indices and inflation, government expenditures, tax rates, fiscal deficits, market uncertainty measures to present a holistic picture of the economy and the shocks and policy actions that have followed. The book uses an innovative method of presentation and the consistency of the trends/stances of both monetary and fiscal policy using these large number of variables. It discusses the debate on overestimation of GDP/GVA growth estimates over the years from 2011-12 to about 2016-17 comprehensively. There is special coverage of GST with a comparison with China. Coverage also includes performance since the COVID-19 crisis again using a large number of indicators and an explanation for the same in terms of the limitations of the government’s initiatives to counteract. The book is a quick and ready reference of what has happened in macroeconomic terms to those interested in the relevant facts. It is of interest to international economists, policy analysts, and investors whose need to understand that the Indian economy in macroeconomic terms and in terms of the stances and penchant of the government and the RBI is of value.
External Shocks Food Security And Development
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Author : Díaz-Bonilla, Eugenio
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2016-12-23
External Shocks Food Security And Development written by Díaz-Bonilla, Eugenio and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-23 with Political Science categories.
We conduct an ex ante evaluation of the impacts of a potential global recession within the next years and the possible policy responses to support economic activity and improve social indicators in five Central American countries: Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. We review the economic and social evolution of the past decades in those countries, and we consider a global scenario that includes further deceleration of world growth, lower commodity prices, and a decline in remittances and capital flows to those countries. We simulate those scenarios and related policy issues using recursive dynamic CGE models for the countries considered. The global shock is run under fixed exchange rates and flexible exchange rates (in the case of El Salvador, which has adopted the US dollar as the domestic currency, the simulation of a flexible exchange rate is just indicative). In all cases, a flexible exchange rate delivers better results in terms of GDP per capita, by softening the overall economic impact of the external shocks. Two possible interventions to deal with the recession are simulated: one focuses on policies to strengthen the safety net for the poor; the other applies a more general macroeconomic stimulus (a tax cut plus a modest increase in public investments, financed by un-conventional monetary policy) to try to cushion the shock. For all countries except El Salvador, these two simulations are run with a flexible exchange rate. In the first policy simulation GDP per capita in those countries does not change much, but the poor groups targeted clearly improve their incomes and consumption, helping them the most during the years of the negative shocks. In the second simulation, the macroeconomic stimulus improves the performance of the economies, allowing GDP per capita to be higher than in the case of the shock alone. In summary, facing a potential global downturn as the one simulated here, those countries that have flexible exchange rates and the use of domestic monetary policies can use a mix of adjustment in exchange rates combined with targeted poverty transfers and macroeconomic stimulus to alleviate the shock. El Salvador, which does not have the exchange rate and monetary instruments, will require further support from multilateral and bilateral sources to soften the shock
Economic Comovement And Its Mechanisms
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Author : Martin K. Zhu
language : en
Publisher:
Release Date : 1997
Economic Comovement And Its Mechanisms written by Martin K. Zhu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business cycles categories.
Energy Shocks And The World Economy
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Author : Hui-Liang Tsai
language : en
Publisher: Praeger
Release Date : 1989-09-25
Energy Shocks And The World Economy written by Hui-Liang Tsai and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-09-25 with Business & Economics categories.
The second of two works resulting from the author's extensive study of energy and the world economy, this book examines the international macroeconomic aspects of energy adjustment. Specifically, the author analyzes the ways in which economies adjust to external shocks, particularly the oil price shock and other energy market changes of the 1970s and early 1980s. He seeks to put the recessions experienced by industrial countries during the last decade in historical and analytical perspective, arguing that with the increasing openness of the world economy, the effects of the domestic policies of the industrial economies are increasingly relevant to the economic prospects of developing countries. He argues further that the apparent problems of the global economy during the post-1973 era--stagnant growth, inflation, the international debt crisis, and rising protectionism--are in part the result of a deterioration in the economic performance of industrial countries. The author begins by examining the effects of energy supply disturbances on the world economy. Subsequent chapters explore such issues as challenges to economic stabilization policy; the impact of external shocks on the economies of less developed countries, especially with regard to inflation and balance of payments problems; the relationship between world payment imbalances and recycling problems; and the link between energy markets and the international debt crisis. Finally, the author provides a theoretical framework for the international adjustment to energy shocks, focusing on flexible exchange-rate policy responses to exogenous shocks in the 1970s and the contribution of exchange rate misalignment to the international debt crisis of the 1980s.