 | Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels Author/Editor: Francisco Arizala, Matthieu Bellon, Margaux MacDonald, Montfort Mlachila, Mustafa Yenice. Release Date:August, 2018 After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015–16 as the largest economies experienced negative or flat growth. Regional more...
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| Spillovers from US Government Spending Shocks : Impact on External Positions Author/Editor: Adina Popescu, Ippei Shibata. Release Date:October, 2017 This note analyzes the impact of preannounced government spending shocks in the United States on the real effective exchange rate and the trade balance. Using a vector autoregression framework that more...
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| Fiscal Spillovers: The Importance of Macroeconomic and Policy Conditions in Transmission : The Importance of Macroeconomic and Policy Conditions in Transmission Release Date:October, 2017 Are fiscal spillovers today as large as they were during the global financial crisis? How do they depend on economic and policy conditions? This note informs the debate on the cross-border impact of more...
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| China Spillovers : New Evidence From Time-Varying Estimates Author/Editor: Davide Furceri, João Tovar Jalles, Aleksandra Zdzienicka. Release Date:November, 2016 Until recently, China has been the leading contributor to global economic growth and—since the recent global financial crisis—a stabilizing driver of its evolution. However, as China recently more...
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| Sub-Saharan African Migration : Patterns and Spillovers Author/Editor: Jesus R Gonzalez-Garcia, Ermal Hitaj, Montfort Mlachila, Arina Viseth, Mustafa Yenice. Release Date:November, 2016 Amid rapid population growth, migration in sub-Saharan Africa has been increasing briskly over the last 20 years. Up to the 1990s, the stock of migrants—citizens of one country living in another more...
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| Impact of Migration on Income Levels in Advanced Economies Release Date:October, 2016 The recent refugee surge has brought attention to the macro-critical policy issue of migration, including speculations that migration can be an unfavorable phenomenon for the receiving economies. more...
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| Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area Author/Editor: Carolina Osorio Buitron, Esteban Vesperoni. Release Date:September, 2016 This report analyzes the possible spillover effects that could result if the U.S. normalizes its monetary policy while euro area countries are increasing monetary stimulus (a situation referred to as more...
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| Spillovers from Dollar Appreciation Author/Editor: Julian T Chow, Florence Jaumotte, Seok G Park, Yuanyan S Zhang. Release Date:September, 2016 The recent strong, sustained appreciation of the U.S. dollar raises questions about possible financial spillover effects for emerging markets and developing countries. This report finds that, unlike more...
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| The Spillover Effects of Russia's Economic Slowdown on Neighboring Countries Author/Editor: Ara Stepanyan, Agustin Roitman, Gohar Minasyan, Dragana Ostojic, Natan P Epstein. Release Date:September, 2016 In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent more...
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| Spillover Implications of China's Slowdown for International Trade Author/Editor: Patrick Blagrave, Esteban Vesperoni. Release Date:September, 2016 Using a panel vector autoregression and a novel measure of export-intensity-adjusted final demand, this note studies spillovers from China’s economic transition on export growth in 46 advanced and more...
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