 | Geoeconomic Fragmentation and the Future of Multilateralism Author/Editor: Shekhar Aiyar, Jiaqian Chen, Christian H Ebeke, Roberto Garcia-Saltos, Tryggvi Gudmundsson, Anna Ilyina, Alvar Kangur, Tansaya Kunaratskul, Sergio L Rodriguez, Michele Ruta, Tatjana Schulze, Gabriel Soderberg, Juan P Trevino. Release Date:January, 2023 After several decades of increasing global economic integration, the world is facing the risk of policy-driven geoeconomic fragmentation (GEF). This note explores the ramifications. It identifies more...
| Price: $20.00
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 | International Trade Spillovers from Domestic COVID-19 Lockdowns Author/Editor: Shekhar Aiyar, Davide Malacrino, Adil Mohommad, Andrea F Presbitero. Release Date:June, 2022 While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. more...
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| The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States Author/Editor: Shekhar Aiyar, Mai Chi Dao. Release Date:October, 2021 Kurzarbeit (KA), Germany's short-time work program, is widely credited with saving jobs and supporting domestic demand during the COVID-19 recession. We quantify the impact by exploiting state-level more...
| Price: $5.00
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| IMF Programs and Financial Flows to Offshore Centers Author/Editor: Shekhar Aiyar, Manasa Patnam. Release Date:May, 2021 This paper examines whether IMF lending is associated with increases in outflows to offshore financial centers (OFCs), known for bank secrecy and asset protection, relative to other international more...
| Price: $18.00
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| COVID-19: How Will European Banks Fare? Author/Editor: Shekhar Aiyar, Mai Chi Dao, Andreas A Jobst, Aiko Mineshima, Srobona Mitra, Mahmood Pradhan. Release Date:March, 2021 This paper evaluates the impact of the crisis on European banks’ capital under a range of macroeconomic scenarios, using granular data on the size and riskiness of sectoral exposures. The analysis more...
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| A Capital Market Union for Europe Author/Editor: Ashok Vir Bhatia, Srobona Mitra, Anke Weber, Shekhar Aiyar, Luiza Antoun de Almeida, Cristina Cuervo, Andre O Santos, Tryggvi Gudmundsson. Release Date:September, 2019 This note weighs the merits of a capital market union (CMU) for Europe, identifies major obstacles in its path, and recommends a set of carefully targeted policy actions. European capital markets are more...
| Price: $10.00
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| The Negative Mean Output Gap Author/Editor: Shekhar Aiyar, Simon Voigts. Release Date:August, 2019 We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more more...
| Price: $18.00
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| Strengthening the Euro Area : The Role of National Structural Reforms in Building Resilience Author/Editor: Romain A Duval, Shekhar Aiyar. Release Date:June, 2019 The SDN will focus mostly on EA countries but also touch on other AEs for comparison purposes. The SDN will make several original contributions in each of the areas above based on new more...
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| Inequality of Opportunity, Inequality of Income and Economic Growth Author/Editor: Shekhar Aiyar, Christian H Ebeke. Release Date:February, 2019 We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies more...
| Price: $18.00
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| The Impact of Workforce Aging on European Productivity Author/Editor: Shekhar Aiyar, Christian H Ebeke. Release Date:December, 2016 The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the more...
| Price: $18.00
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