Author/Editor: Ting Lan, Galen Sher, Jing Zhou.

Release Date:July, 2022

We analyze the potential impacts on the German economy of a complete and permanent shutoff of the remaining Russian natural gas supplies to Europe, accounting for the curtailment of flows through more...

Author/Editor: Oya Celasun, Niels-Jakob H Hansen, Aiko Mineshima, Mariano Spector, Jing Zhou.

Release Date:February, 2022

Supply constraints hurt the economic recovery and boosted inflation in 2021. We find that in the euro area, manufacturing output and GDP would have been about 6 and 2 percent higher, respectively, more...

Author/Editor: Christian H Ebeke, Nemanja Jovanovic, Laura Valderrama, Jing Zhou.

Release Date:March, 2021

The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in more...

Author/Editor: Paolo Mauro, Jing Zhou.

Release Date:March, 2020

Contrary to the traditional assumption of interest rates on government debt exceeding economic growth, negative interest-growth differentials have become prevalent since the global financial crisis. more...

Author/Editor: Carlos Carvalho, Gee Hee Hong, Jing Zhou.

Release Date:June, 2017

Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms’ product scope more...

Author/Editor: JaeBin Ahn, Rui Mano, Jing Zhou.

Release Date:March, 2017

This paper contrasts real exchange rate (RER) measures based on different deflators (CPI, GDP deflator, and ULC) and discusses potential implications for the link—or lack more...