External shocks, policy response and economic performance
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External shocks, policy response and economic performance

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Published by London School of Economics,Centre for Economic Performance in London .
Written in English


Book details:

Edition Notes

StatementJ. Peter Neary.
SeriesEconomic performance discussion paper series / London School of Economics, Centre for Economic Performance -- no.187, Economic performance discussion paper (London School of Economics, Centre for Economic Performance) -- no.187.
ID Numbers
Open LibraryOL19559259M

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external shocks and policy responses were playing pivotal roles in transferring economic boom and bust across borders. This paper unfolds in five sections, introduction, methodology and data, external shocks, policy responses to external shocks and conclusion. Special attention will be given to the. Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective Article in International Economics and Economic Policy 3(3) February with 33 ReadsAuthor: Sebastian Edwards. Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective Sebastian Edwards. NBER Working Paper No. Issued in May NBER Program(s):International Finance and Macroeconomics. During the last few years there has been a renewed analysis in currency unions as a form of monetary arrangement. Measuring the effect of external shocks and the policy response to them: empirical methodology applied to the Philippines (English) Abstract. Economies benefit from international trade, but joining the world market also exposes them to external by: 3.

What are appropriate policy responses? The authors examine how external shocks (such as commodity price changes, variations in global demand, and fluctuating interest) affect economic performance, and how those effects are mitigated by the right policy responses at the right by: 3. Policy Rules and External Shocks Laurence Ball. NBER Working Paper No. Issued in September NBER Program(s):Monetary Economics, Economic Fluctuations and Growth. This essay discusses rules for monetary policy in open economies. If policymakers seek to stabilize output and inflation, optimal rules in open economies differ considerably.   Most countries are vulnerable to international / regional external shocks Global Financial Crisis (GFC) Euro Zone Economic Crisis Volatile Commodity Prices China Slowdown International Trade & Investment Deals Currency volatility and policy changes e.g. devaluation Extreme weather events Geo-political uncertainty & terrorism 5. External Shocks, Stagflation and Policy Response Macro Trends | Central Banks Download PDF Indeed, either stagflation or “slowflation”—slowing growth with rising inflation—has plagued a large number of commodity-driven economies in Latin America, Africa, and the Middle East over the past years.

Shocks are events that are by and large unexpected and bring out changes in real economic growth, inflation and unemployment. All countries are exposed to some degree to external economic shocks. There is evidence that lower and middle-income developing nations are more vulnerable partly because they have a less diversified economy with a narrow range of production and export industries. Cite this chapter as: Jespersen E. () External Shocks, Adjustment Policies and Economic and Social Performance. In: Cornia G.A., van der Hoeven R., Mkandawire T. (eds) Africa’s Recovery in the by: Table 1 summarizes the estimates of the fraction of the variance in variables in emerging markets caused by external shocks and U.S. monetary policy shocks. For comparison, Table 1 includes the estimates of the fraction of the variance in the Federal Funds rate, the U.S. price level and U.S. real output caused by U.S. monetary policy shocks. External shocks are an important source of Cited by: The Nigerian economy has experienced domestic and external shocks in recent years, which resulted in a banking crisis in Large foreign reserves buffers, and low debt, helped mitigate the impact, and the authorities took a comprehensive set of remedial measures. As a result, Nigeria avoided economic collapse, and economic growth Size: 1MB.