World Economic Outlook, October 2015 - IMF
Oct 1, 2015 ... Asian and Pacific Economies: Real GDP, Consumer Prices, Current. Account
Balance ..... the impact of sharply lower oil prices, and contagion effects could ...
volatility, downside risks to the outlook have risen, par- ticularly for ...
[ text.pdf - Read/Download File
Grain price and volatility transmission from international to domestic
Understanding the sources of domestic food price volatility in developing
countries ... Keywords: Volatility transmission, price transmission, grain
commodity prices, ...... four in Asia (rice in Philippines (well milled) and Thailand (
25% broken) and .... Examining volatility transmission between US oil, ethanol
and corn market.
[ AAEA Price and volatility transmission Jun 1 2015.pdf - Read/Download File
Gold Sachs 2016 Outlook - Full Report - Philanthropy Ohio
a source of greater volatility in 2016 due to its ... Similarly, a decline in crude oil
prices provided .... Prospects: Secular Stagnation, Hysteresis, and the ...... (1992),
Hong Kong (1997), Indonesia (1997), Malaysia (1997), Philippines (1997), ...
[ Goldman Sachs 2016 Outlook - Full Report.pdf - Read/Download File
Prepared Remarks - Peterson Institute for International Economics
May 24, 2016 ... Philippines, for example, had about 20 nearly consecutive IMF lending programs.
... growth, powered by rising oil and commodity prices, and China's ... linkages
have brought market volatility, powerful spillovers, and dislocations. Politics ...
Those legacies generate permanent negative effects, a hysteresis.
[ lipton20160524niarchos.pdf - Read/Download File
When, why, and what's next for low inflation? - Bank of England
Jun 17, 2015 ... including oil prices, the exchange rate, and inflation in other countries. .... solid as
inflation rates remained around countries' targets, and the volatility in ...... There
appears to be more hysteresis in core inflation .... philippines.
[ speech823.pdf - Read/Download File
Macroeconomic Review April 2016 Vol XV Issue 1 - Monetary
Apr 1, 2016 ... global oil prices in late 2015 and the sharp decline in COE premiums at the
beginning of this year. This forecast for ..... confidence caused by elevated
financial volatility earlier this year .... overhang, sluggish investment and
hysteresis effects associated ..... the Philippines will be bolstered by additional
[ MR_April2016.pdf - Read/Download File
Download the Report - Oliver Wyman
on the Philippines, even as global leaders debated climate change in .... oil-price
shocks, chronic unemployment and failure of physical ..... Extreme volatility in.
[ Global_Risks_2014_FINAL.pdf - Read/Download File
Cambodia: Diversifying Beyond Garments and Tourism - Asian
Mandaluyong City, Philippines: Asian Development Bank, 2014. ..... latter
exposing the country to international energy price volatility. ..... Oil and natural
gas ... is, path dependence or what economists call hysteresis), the heavy inflow
of dollars ...
[ cambodia-diversifying-country-diagnostic-study.pdf - Read/Download File
Oil market structure, network effects and the choice - European
store of value and price transparency in the oil market. .... rate volatility. ......
Oomes N. Network externalities and dollarization hysteresis: the case of Russia.
[ ecbocp77.pdf - Read/Download File
R O M E
national cycles in wages and prices gave rise to severe macroeconomic
instability. The Swan ... est rates converge, but wage and price inflation does not.
...... 3 2009 A Simple Model of an Oil Based Global Savings ... 02 2011 Volatility
Patterns of CDS, Bond and Stock ... Hysteresis in German Exports – Sectoral
[ spahn_lang.pdf - Read/Download File
Download report - Standard Chartered Bank
Oct 7, 2015 ... by China's slowdown, low oil prices and ongoing spare capacity. On a five-year
view ..... Known as 'hysteresis'. Limited. Source: ... the drop in commodity prices
and market volatility. There is talk of ..... Philippines. 18.2. 8.2. 8.7.
[ Special-report-Inflation-down-but-not-out.pdf - Read/Download File
Download 313.43 KB - Asian Development Bank
Development Bank, Manila, Philippines: Tel. ... Consumer price inflation has
fallen sharply from an average of 56% over 1990–1998 to an average 3.5% over
... The recent discovery of oil and gas could be a significant boon for the .....
stronger hysteresis effect in Cambodia, compared to either Viet Nam or the Lao
[ wp19-cambodias-persistent-dollarization.pdf - Read/Download File
Causes and Consequences of Persistently Low Interest Rates
Korea, Malaysia, Mexico, Philippines, South Africa, Turkey and Venezuela.
Source: .... series based on consumer prices because the volatility of the latter
before 1870 ... dummy for World War II and dummies for the 1973 and 1979 oil
price shocks. ..... investment in physical and human capital through hysteresis
[ Geneva17_28sept.pdf - Read/Download File
North South Terms of Trade - Federal Reserve Bank of Chicago
example of this is the explosion of oil prices in the early 1970s. ... The terms of
trade (ratio of export to import prices) is the relative price that determines the rate
[ wp97-5-pdf.pdf - Read/Download File
One World, One Currency - American University
Argentina, and Uribe (1997) for an illuminating model of hysteresis in .... 15 An
important element of this volatility is that, whereas money prices of goods ...
exports of Chile, Colombia, Peru, the Philippines, Thailand and Turkey. .... Texas
should go off the U.S. dollar to cope with the 1980s decline in world oil prices:
[ 2004-01.pdf - Read/Download File
Download - LSE Research Online
Dec 31, 2007 ... economic characteristics of the GCC as an region dominated by oil and natural
gas .... beginning of period t, Pt the price level and Yt real GDP in period t, I define
..... I therefore rule out both a long-run non-vertical Phillips curve and hysteresis ...
exchange market can be a source of shocks, excess volatility, ...
[ Economic,_political_and_institutional_prerequisites_(LSERO).pdf - Read/Download File
BIS 84th Annual Report - June 2014 - Bank for International
Jun 29, 2014 ... Low funding costs and volatility encouraged the search for yield . ..... III.6 The
price and wage Phillips curves have become flatter in advanced ..... financial
system struggles to oil the economic engine, damaging .... economists call “
hysteresis” – the impact on productive potential of the persistence.
[ ar2014e.pdf - Read/Download File
ROME - Index of
exchange rate changes or changes of other (relative) prices, are neither ....
Finally, the Fund analysis may “help oil the wheels of economic ... volatility not
caused by fundamentals may be harmful for growth and ...... hysteresis in German
exports – Sectoral evidence for some OECD .... The Euro Area is not the
[ rome-wp-2014-01.pdf - Read/Download File
The Asynchronous Monetary Stances of Advanced Economies and
level determined how vulnerable asset prices of EMEs where to changes in US
interest rates. ... Malaysia, Mexico, the Philippines, Poland, Singapore, South
Africa, Taiwan, Thailand, and ... IMF (2014a) reported that the announcement of
tapering triggered volatility .... the long-term unemployment rate through
[ Tlhalefang-Moeletsi.pdf - Read/Download File
Economic, Political, and Institutional Prerequisites for Monetary
Abstract. The paper reviews the arguments for and against monetary union
among the six members of the Gulf Cooperation Council—the United Arab
[ l77u6782j5753730.pdf - Read/Download File
Capital flight and foreign direct investment in Africa - PERI
May 2, 2016 ... stock–capital flight link, especially in the case of oil. ... Moreover, commodity
dependence exposes African economies to growth volatility and ... literature (or
hysteresis; see Ndikumana and Boyce (2003) and ..... Higher commodity prices
provide incentives for increased foreign investment in the resource.
[ wp2016-058.pdf - Read/Download File
1 MONETARY POLICY AND TRANSMISSION MECHANISMS IN
level of inflation volatility diminish the impact of monetary shocks. ..... material
change in the market interest rate, in addition to producing a hysteresis that may
.... economy cyclic position, the price of oil) and of monetary policy shocks (the
residuals ... Italy, Japan, Korea, Netherlands, Norway, Peru, the Philippines,
[ chile_mies_tapia.pdf - Read/Download File
SAVING TRANSITIONS* Dani Rodrik Harvard - World Bank
include too many instances of simple volatility. If the horizon is ... eventually
experience a reduction in saving rates— Egypt, Philippines, Portugal, Suriname,
and ... If there is some hysteresis in saving behavior, arising from habit formation
or irreversible .... benefited from the boom in the oil-producing states during the
[ rodpaper.pdf - Read/Download File
Financial Flows and Exchange Rates - International Policy Centre
The consequences of large and volatile capital flows on the exchange rates of
developing ..... Moreover, external shocks to the exchange rate can lead to trade
hysteresis, i.e. changes .... Philippines, 0% ..... economies and higher non-oil
commodities prices, but no significant impact from low interest rates in advanced.
[ IPCWorkingPaper97.pdf - Read/Download File
The Effects of Exchange Rate Changes on Prices and Quantities in
change rate changes on U.S. import and export prices and then examines the
effects of .... 'Exports were used as a proxy for economic activity for Mexico, the
Philippines, and ... 'The issue of the effects of exchange rate volatility on trade
flows is not .... for crude materials has proven to be difficult even before the first oil
[ wp90-01.pdf - Read/Download File
Download (959kB) - Munich Personal RePEc Archive
Oct 1, 2013 ... This paper analyzes the influence of international resource price ... 1989), to
economic volatility and policy pro-cyclicality (Budina et al, .... crude oil production
in many former colonial countries was initiated by the ..... This can be interpreted
as the hysteresis of capital flight, but this .... Philippine Case Study.
[ MPRA_paper_50273.pdf - Read/Download File
Macroeconomic Policies and Growth - Reserve Bank of Australia
exchange rates and higher oil prices with lower output and productivity growth. ....
find inflation to be the main source of volatility in the marginal return to ... growth
could contain important elements of hysteresis, due to the existence of .....
Philippines) a number of countries have used exchange rate policies to promote
[ andersen-gruen.pdf - Read/Download File
A Research Project on Ranges of Financial Prices
their competitors in the same market so as to minimize price volatility and
maximize profits. They call ... to invoice homogeneous commodities such as oil.3.
[ wp-no-08_2014-final-.pdf - Read/Download File