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Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan

Author/Editor: Sriram Balasubramanian, Paul Cashin.

Release Date:January, 2019

This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the Kingdom of Bhutan, and the relationship between measured well-being and more...



Price: $19.00
China's Slowdown and Global Financial Market Volatility : Is World Growth Losing Out?

Author/Editor: Paul Cashin, Kamiar Mohaddes, Mehdi Raissi.

Release Date:March, 2016

China's GDP growth slowdown and a surge in global financial market volatility could both
 adversely affect an already weak global economic recovery. To quantify the global
 more...



Price: $18.00
Taming Indian Inflation

Author/Editor: Paul Cashin, Rahul Anand.

Release Date:February, 2016

High and persistent inflation has presented serious macroeconomic challenges in India in recent years, increasing the country’s domestic and external vulnerabilities. A number of factors underpin more...



Price: $30.00
Fair Weather or Foul? The Macroeconomic Effects of El Niño

Author/Editor: Paul Cashin, Kamiar Mohaddes, Mehdi Raissi.

Release Date:April, 2015

This paper employs a dynamic multi-country framework to analyze the international macroeconomic transmission of El Niño weather shocks. This framework comprises 21 country/region-specific models, more...



Price: $18.00
The Global Impact of the Systemic Economies and MENA Business Cycles

Author/Editor: Paul Cashin, Kamiar Mohaddes, Mehdi Raissi.

Release Date:October, 2012

This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward more...



Price: $18.00
The Differential Effects of Oil Demand and Supply Shocks on the Global Economy

Author/Editor: Paul Cashin, Kamiar Mohaddes, Mehdi Raissi, Maziar Raissi.

Release Date:October, 2012

We employ a set of sign restrictions on the generalized impulse responses of a Global VAR
model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminate
between more...



Price: $18.00
The Eastern Caribbean Currency Union: Would a Fiscal Insurance Mechanism Mitigate National Income Shocks?

Author/Editor: Antonio Lemus, Paul Cashin.

Release Date:January, 2012

This paper studies the nature of the shocks affecting the Eastern Caribbean Currency Union (ECCU), and examines whether a hypothetical Eastern Caribbean fiscal insurance mechanism could insure member more...



Price: $18.00
Are Middle Eastern Current Account Imbalances Excessive?

Author/Editor: Paul Cashin, Samya Beidas-Strom.

Release Date:August, 2011

Employing a dynamic panel regression, this study estimates the medium-term current account position for three subgroups of emerging market and developing countries with shared economic more...



Price: $18.00
Caribbean Bananas : The Macroeconomic Impact of Trade Preference Erosion

Author/Editor: Paul Cashin, Montfort Mlachila, Cleary Haines.

Release Date:March, 2010

This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit more...



Price: $18.00
Macroeconomic Fluctuations in the Caribbean : The Role of Climatic and External Shocks

Author/Editor: Sebastian Sosa, Paul Cashin.

Release Date:July, 2009

This paper develops country-specific VAR models with block exogeneity restrictions to analyze how exogenous factors affect business cycles in the Eastern Caribbean. It finds that external shocks play more...



Price: $18.00
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