Add to ORKGThe trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Financial Crisis. This paper quantifies the drivers of EA and US economic fluctuations and external adjustment, using an estimated (1999-2017) three-region (US, EA, rest of world) DSGE model with trade in manufactured goods and in commodities. In the model, commodity prices reflect global demand and supply conditions. The paper highlights the key contribution of the post-crisis collapse in commodity prices for the EA and US trade balance reversal. Aggregate demand shocks originating in Emerging Markets too had a significant impact on EA and US trade balances. The broader lesson of this paper is that Emerging Markets and commodity shocks are major ...
Since the collapse of the Bretton Woods Global International System in 1971, the world economy has e...
In this new commentary, CEPS Director Daniel Gros argues that the weakening of European demand trigg...
The paper tries to underline the evolution of trade between the E.U. and U.S. financial crisis perio...
The trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Finan...
The trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Finan...
Emerging economies, particularly those dependent on commodity exports, are prone to highly disruptiv...
This paper investigates the time-varying dynamics of global stock volatility, commodity prices, and ...
We investigate the time-varying dynamics of global stock market volatility, commodity prices, domest...
Purpose – What caused the mid-2000s world commodity price “bubble” and the recent commodity price gr...
[Conclusion] It is being increasingly held in the literature that, in a globalizing world, flexible ...
The paper provides evidence on the extent and channels of transmission of international shocks on th...
The sharp and widespread increase in most commodity prices has alarmed the world and raised question...
After two turbulent decades (1980s and 1990s) when emerging-market economies were frequent victims o...
Abstract This paper investigates the time-varying dynamics of global stock volatility, commodity pri...
This note discusses the drivers of the persistent post-crisis slump in the Euro Area (EA) and the US...
Since the collapse of the Bretton Woods Global International System in 1971, the world economy has e...
In this new commentary, CEPS Director Daniel Gros argues that the weakening of European demand trigg...
The paper tries to underline the evolution of trade between the E.U. and U.S. financial crisis perio...
The trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Finan...
The trade balances of the Euro Area (EA) and of the US have improved markedly after the Global Finan...
Emerging economies, particularly those dependent on commodity exports, are prone to highly disruptiv...
This paper investigates the time-varying dynamics of global stock volatility, commodity prices, and ...
We investigate the time-varying dynamics of global stock market volatility, commodity prices, domest...
Purpose – What caused the mid-2000s world commodity price “bubble” and the recent commodity price gr...
[Conclusion] It is being increasingly held in the literature that, in a globalizing world, flexible ...
The paper provides evidence on the extent and channels of transmission of international shocks on th...
The sharp and widespread increase in most commodity prices has alarmed the world and raised question...
After two turbulent decades (1980s and 1990s) when emerging-market economies were frequent victims o...
Abstract This paper investigates the time-varying dynamics of global stock volatility, commodity pri...
This note discusses the drivers of the persistent post-crisis slump in the Euro Area (EA) and the US...
Since the collapse of the Bretton Woods Global International System in 1971, the world economy has e...
In this new commentary, CEPS Director Daniel Gros argues that the weakening of European demand trigg...
The paper tries to underline the evolution of trade between the E.U. and U.S. financial crisis perio...