M. Ayhan Kose

World Bank

1818 H Street, NW

Washington, DC 20433

United States

Brookings Institution

1775 Massachusetts Ave, NW

Washington, DC 20036

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

Australian National University (ANU)

Canberra, Australian Capital Territory 2601

Australia

  • World Bank

  • Brookings Institution

  • Centre for Economic Policy Research (CEPR)

  • Australian National University (ANU)

SCHOLARLY PAPERS

109

DOWNLOADS
Rank 1,635

SSRN RANKINGS

Top 1,635

in Total Papers Downloads

30,204

SSRN CITATIONS
Rank 260

SSRN RANKINGS

Top 260

in Total Papers Citations

1,844

CROSSREF CITATIONS

1,992

Scholarly Papers (109)

Actions:
Email selected abstracts
1.

How Does Globalization Affect the Synchronization of Business Cycles?

Downloads 2,769 ( 8,065)
Citation 102

How Does Globalization Affect the Synchronization of Business Cycles?

Number of pages: 18 Posted: 16 Mar 2003
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 2,615 (8,696)
Citation 25

Abstract:

Loading...

Macroeconomic Fluctuations, Trade and Financial Integration, International Transmission of Shocks, Cross-country Comovement of Output and Consumption

How Does Globalization Affect the Synchronization of Business Cycles?

IMF Working Paper No. 03/27
Number of pages: 14 Posted: 28 Jan 2006
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 154 (315,693)

Abstract:

Loading...

Macroeconomic fluctuations, trade and financial integration, output and consumption comovement

2.

The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses

Number of pages: 62 Posted: 30 Jun 2015
John Baffes, M. Ayhan Kose, Franziska Ohnsorge and Marc Stocker
World Bank, World Bank, World Bank and World Bank
Downloads 2,332 (10,632)
Citation 21

Abstract:

Loading...

commodity prices, 2014 oil price decline, macroeconomic implications, supply factors, demand factors, unconventional oil production, global output, and global inflation

3.

From Low to High Inflation: Implications for Emerging Market and Developing Economies

Number of pages: 26 Posted: 24 Apr 2022
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 1,145 (31,669)
Citation 6

Abstract:

Loading...

Global Inflation, Commodity Price, War in Ukraine, Global Recession, Great Inflation, Monetary Policy Tightening

4.

Financial Globalization: A Reappraisal

Downloads 1,079 (34,361)
Citation 219

Financial Globalization: A Reappraisal

IMF Working Paper No. 06/189
Number of pages: 94 Posted: 03 Oct 2006
M. Ayhan Kose, Eswar S. Prasad, Kenneth Rogoff and Shang-Jin Wei
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 937 (41,368)

Abstract:

Loading...

Capital Account Liberalization, Financial Integration, Growth and Volatility, Financial Crises, Developing Countries

Financial Globalization: A Reappraisal

NBER Working Paper No. w12484
Number of pages: 91 Posted: 30 Aug 2006 Last Revised: 13 Aug 2022
M. Ayhan Kose, Eswar S. Prasad, Kenneth Rogoff and Shang-Jin Wei
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 109 (412,600)
Citation 13

Abstract:

Loading...

Financial Globalization: A Reappraisal

CEPR Discussion Paper No. 5842
Number of pages: 93 Posted: 16 Nov 2006
M. Ayhan Kose, Eswar S. Prasad, Kenneth Rogoff and Shang-Jin Wei
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 33 (765,100)
Citation 22
  • Add to Cart

Abstract:

Loading...

Capital account liberalization, financial integration, growth and volatility, financial crises, developing countries

5.

Frontiers of Macrofinancial Linkages

BIS Paper No. 95
Number of pages: 199 Posted: 25 Jan 2018
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 978 (39,492)
Citation 16

Abstract:

Loading...

6.

Understanding Financial Crises: Causes, Consequences, and Policy Responses

Downloads 960 (40,544)
Citation 23

Understanding Financial Crises: Causes, Consequences, and Policy Responses

CAMA Working Paper 05/2013
Number of pages: 23 Posted: 19 Jul 2013
Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia
Bank for International Settlements (BIS), World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 940 (41,176)
Citation 41

Abstract:

Loading...

Global financial crisis, sudden stops, debt crises, banking crises, currency crises, defaults, restructuring, welfare cost, asset price busts, credit busts, prediction of crises

Understanding Financial Crises: Causes, Consequences, and Policy Responses

CEPR Discussion Paper No. DP9310
Number of pages: 24 Posted: 01 Feb 2013
Stijn Claessens, M. Ayhan Kose, Luc Laeven and Fabián Valencia
Bank for International Settlements (BIS), World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 20 (878,279)
  • Add to Cart

Abstract:

Loading...

asset price busts, banking crises, credit busts, currency crises, debt crises, defaults, global financial crisis, prediction of crises, restructuring, sudden stops, welfare cost

7.

Understanding Informality

Downloads 809 (51,533)
Citation 2

Understanding Informality

Number of pages: 42 Posted: 01 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 441 (109,217)
Citation 2

Abstract:

Loading...

Informal economy, self-employment, employment, output, business cycles.

Understanding informality

CAMA Working Paper No. 76/2021
Number of pages: 44 Posted: 04 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 368 (135,637)
Citation 23

Abstract:

Loading...

Informal economy, self-employment, employment, output, business cycles

Understanding Informality

CEPR Discussion Paper No. DP16497
Number of pages: 45 Posted: 22 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 0
Citation 1
  • Add to Cart

Abstract:

Loading...

business cycles, employment, Informal economy, output, Self-employment

8.

How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

Downloads 778 (54,156)
Citation 59

How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

IZA Discussion Paper No. 2903
Number of pages: 46 Posted: 20 Jul 2007
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 541 (85,284)
Citation 18

Abstract:

Loading...

international financial integration, risk sharing, cross-country correlations of consumption and output, composition of capital flows

How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

IMF Working Paper No. 07/238
Number of pages: 43 Posted: 20 Nov 2007
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 237 (213,507)
Citation 3

Abstract:

Loading...

Financial integration, Globalization, Developing countries, Financial risk

9.

International Business Cycles: World, Region, and Country-Specific Factors

Number of pages: 31 Posted: 25 Apr 2000
M. Ayhan Kose, Chris Otrok and Charles H. Whiteman
World Bank, University of Missouri and Pennsylvania State University - Smeal College of Business
Downloads 748 (57,019)
Citation 79

Abstract:

Loading...

10.

Financial Globalization and Economic Policies

Downloads 718 (60,258)
Citation 31

Financial Globalization and Economic Policies

IZA Discussion Paper No. 4037
Number of pages: 84 Posted: 02 Mar 2009
M. Ayhan Kose, Eswar S. Prasad, Kenneth Rogoff and Shang-Jin Wei
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 404 (121,075)
Citation 1

Abstract:

Loading...

financial globalization, emerging markets, capital flows, capital account liberalization

Financial Globalization and Economic Policies

Brookings Global Economy and Development Working Paper No. 34
Number of pages: 80 Posted: 24 Apr 2009
Eswar S. Prasad, Kenneth Rogoff, M. Ayhan Kose and Shang-Jin Wei
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, World Bank and Columbia University - Columbia Business School, Finance
Downloads 303 (166,285)
Citation 4

Abstract:

Loading...

development, developing countries, global economics, global economic crisis

Financial Globalization and Economic Policies

CEPR Discussion Paper No. DP7117
Number of pages: 85 Posted: 18 Feb 2009
M. Ayhan Kose, Eswar S. Prasad, Kenneth Rogoff and Shang-Jin Wei
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 11 (969,951)
Citation 1
  • Add to Cart

Abstract:

Loading...

capital account liberalization, financial globalization

11.

What Happens During Recessions, Crunches, and Busts?

Downloads 704 (61,854)
Citation 73

What Happens During Recessions, Crunches, and Busts?

IMF Working Paper No. 08/274
Number of pages: 77 Posted: 18 Dec 2008
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 508 (92,317)
Citation 9

Abstract:

Loading...

Economic recession, Business cycles, Financial crisis, Credit, Housing prices, Stock prices, Oil prices, Databases, Economic models

What Happens during Recessions, Crunches and Busts?

Number of pages: 68 Posted: 22 Dec 2008
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 190 (262,873)
Citation 27

Abstract:

Loading...

Business cycles, recessions, credit crunches, house prices, equity prices, busts

What Happens during Recessions, Crunches and Busts?

CEPR Discussion Paper No. DP7085
Number of pages: 78 Posted: 17 Feb 2009
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 6 (1,019,217)
Citation 13
  • Add to Cart

Abstract:

Loading...

business cycles, busts, credit crunches, equity prices, house prices, recessions

12.

Is a Global Recession Imminent?

Downloads 680 (64,727)

Is a Global Recession Imminent?

Number of pages: 47 Posted: 09 Mar 2023
Justin Damien Guenette, M. Ayhan Kose and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 654 (67,111)

Abstract:

Loading...

Global economy, growth scenarios, monetary policy, fiscal policy, global inflation, synchronization of policies

Is a Global Recession Imminent?

World Bank Equitable Growth, Finance, and Institutions Policy Note No. 4
Number of pages: 45 Posted: 19 Oct 2022
Justin Damien Guenette, M. Ayhan Kose and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 26 (822,900)

Abstract:

Loading...

Global economy, growth scenarios, monetary policy, fiscal policy, global inflation, synchronization of policies

13.

Changing Nature of North-South Linkages: Stylized Facts and Explanations

Downloads 677 (65,116)
Citation 15

Changing Nature of North-South Linkages: Stylized Facts and Explanations

IMF Working Paper No. 07/280
Number of pages: 59 Posted: 27 Dec 2007
Çiğdem Akın, Çiğdem Akın, Çiğdem Akın and M. Ayhan Kose
The Johns Hopkins University School of Advanced International Studies (SAIS)Johns Hopkins University SAIS International Economics ProgramJohns Hopkins University SAIS International Economics Program and World Bank
Downloads 355 (140,345)
Citation 1

Abstract:

Loading...

Working Paper

Changing Nature of North-South Linkages: Stylized Facts and Explanations

Number of pages: 56 Posted: 17 Dec 2007 Last Revised: 07 Feb 2008
Çiğdem Akın, Çiğdem Akın, Çiğdem Akın and M. Ayhan Kose
The Johns Hopkins University School of Advanced International Studies (SAIS)Johns Hopkins University SAIS International Economics ProgramJohns Hopkins University SAIS International Economics Program and World Bank
Downloads 322 (155,934)
Citation 1

Abstract:

Loading...

Business cycles, emerging markets, growth linkages, north, south, globalization, decoupling, divergence, convergence

14.

Financial Crises Explanations, Types, and Implications

Downloads 651 (68,423)
Citation 25

Financial Crises Explanations, Types, and Implications

IMF Working Paper No. 13/28
Number of pages: 67 Posted: 22 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 330 (151,818)
Citation 2

Abstract:

Loading...

Sudden stops, asset booms, banking crises, credit booms, crises prediction., currency crises, debt crises, defaults, financial restructuring, policy implications

Financial Crises: Explanations, Types and Implications

CAMA Working Paper 06/2013
Number of pages: 66 Posted: 19 Jul 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 313 (160,668)
Citation 27

Abstract:

Loading...

Sudden stops, debt crises, banking crises, currency crises, defaults, policy implications, financial restructuring, asset booms, credit booms, crises prediction

Financial Crises: Explanations, Types, and Implications

CEPR Discussion Paper No. DP9329
Number of pages: 67 Posted: 05 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 8 (1,000,347)
Citation 3
  • Add to Cart

Abstract:

Loading...

asset booms, banking crises, credit booms, crises prediction, currency crises, debt crises, defaults, financial restructuring, policy implications, Sudden stops

15.

Global Recessions

Downloads 580 (79,075)
Citation 5

Global Recessions

CAMA Working Paper No. 10/2020
Number of pages: 74 Posted: 12 Feb 2020
M. Ayhan Kose, Naotaka Sugawara and Marco E Terrones
World Bank, World Bank and Department of Economics and Finance, Universidad del Pacifico
Downloads 579 (78,310)
Citation 6

Abstract:

Loading...

global economy, global expansion, global recession, global recovery, synchronization of cycles, financial markets, real activity

Global Recessions

CEPR Discussion Paper No. DP14397
Number of pages: 75 Posted: 11 Feb 2020
M. Ayhan Kose, Naotaka Sugawara and Marco E. Terrones
World Bank, World Bank and Universidad del Pacifico
Downloads 1 (1,062,640)
  • Add to Cart

Abstract:

Loading...

financial markets, global economy, global expansion, global recovery, Real activity, synchronization of cycles

16.

Negative Interest Rate Policies: Sources and Implications

Downloads 550 (84,710)
Citation 14

Negative Interest Rate Policies: Sources and Implications

CAMA Working Paper No. 52/2016
Number of pages: 73 Posted: 25 Aug 2016
Carlos Arteta, M. Ayhan Kose, Marc Stocker and Temel Taskin
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 322 (156,445)

Abstract:

Loading...

Unconventional Monetary Policy, Quantitative Easing; Bank Profitability, Financial Stability, Negative Yields, Event Study, Emerging Markets, Developing Countries

Negative Interest Rate Policies: Sources and Implications

World Bank Policy Research Working Paper No. 7791
Number of pages: 66 Posted: 09 Sep 2016
Carlos Arteta, M. Ayhan Kose, Marc Stocker and Temel Taskin
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 227 (222,778)

Abstract:

Loading...

Fiscal & Monetary Policy, Industrial Economics, Consumption, Economic Conditions and Volatility, Economic Theory & Research, Economic Growth

Negative Interest Rate Policies: Sources and Implications

CEPR Discussion Paper No. DP11433
Number of pages: 74 Posted: 16 Aug 2016
Carlos Arteta, M. Ayhan Kose, Marc Stocker and Temel Taskin
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 1 (1,062,640)
Citation 7
  • Add to Cart

Abstract:

Loading...

developing countries, emerging markets, event study, financial stability, negative yields, quantitative easing; bank profitability, Unconventional Monetary Policy

17.

Asset Prices and Macroeconomic Outcomes: A Survey

Downloads 492 (96,867)
Citation 4

Asset Prices and Macroeconomic Outcomes: A Survey

BIS Working Paper No. 676
Number of pages: 106 Posted: 11 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 327 (153,344)

Abstract:

Loading...

equity prices, exchange rates, house prices, interest rates, credit, output, consumption, investment, real-financial linkages, macrofinancial linkages, imperfections, frictions

Asset Prices and Macroeconomic Outcomes: A Survey

World Bank Policy Research Working Paper No. 8259
Number of pages: 98 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 86 (484,528)

Abstract:

Loading...

Macroeconomic Management, Economic Forecasting, Rural Labor Markets, Governance Diagnostic Capacity Building

Asset Prices and Macroeconomic Outcomes: A Survey

CAMA Working Paper No. 76/2017
Number of pages: 98 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 79 (510,365)
Citation 2

Abstract:

Loading...

equity prices, exchange rates, house prices, interest rates, credit, output, consumption, investment, real-financial linkages, macro-financial linkages, imperfections, frictions

Asset Prices and Macroeconomic Outcomes: A Survey

CEPR Discussion Paper No. DP12460
Number of pages: 99 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

asset prices, equity prices, frictions, imperfections, macro-financial linkages, real-financial linkages

18.

Global Business Cycles: Convergence or Decoupling?

Downloads 484 (98,897)
Citation 27

Global Business Cycles: Convergence or Decoupling?

IZA Working Paper No. 3442
Number of pages: 53 Posted: 23 May 2008
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 205 (245,149)
Citation 1

Abstract:

Loading...

globalization, business cycles, macroeconomic fluctuations, convergence, decoupling

Global Business Cycles: Convergence or Decoupling?

Number of pages: 51 Posted: 06 Apr 2008
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 139 (343,197)
Citation 1

Abstract:

Loading...

Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

Global Business Cycles: Convergence or Decoupling?

IMF Working Paper No. 08/143
Number of pages: 50 Posted: 21 Sep 2009
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 73 (534,862)
Citation 2

Abstract:

Loading...

Business cycles, Globalization, Developed countries, Developing countries, Spillovers, Economic conditions, Economic integration

Global Business Cycles: Convergence or Decoupling?

NBER Working Paper No. w14292
Number of pages: 53 Posted: 08 Oct 2008 Last Revised: 22 Jul 2022
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 36 (742,238)
Citation 1

Abstract:

Loading...

Global Business Cycles: Convergence or Decoupling?

Bundesbank Series 1 Discussion Paper No. 2008,17
Number of pages: 76 Posted: 08 Jun 2016
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 31 (781,114)
Citation 1

Abstract:

Loading...

Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

19.

The Global Financial Crisis: How Similar? How Different? How Costly?

Number of pages: 34 Posted: 23 Mar 2010
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 464 (103,977)
Citation 20

Abstract:

Loading...

Global financial crisis, Similarities, Differences, Cost, Recessions

20.

Regionalization vs. Globalization

Downloads 454 (106,717)
Citation 2

Regionalization vs. Globalization

CAMA Working Paper 09/2013
Number of pages: 64 Posted: 19 Jul 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 280 (180,750)

Abstract:

Loading...

Business cycles, Comovement, Synchronization, Trade linkages, Financial linkages

Regionalization vs. Globalization

FRB of St. Louis Working Paper No. 2013-002A
Number of pages: 67 Posted: 08 Jan 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 104 (426,787)
Citation 2

Abstract:

Loading...

business cycles, comovement, synchronization, trade linkages, financial linkages

Regionalization vs. Globalization

IMF Working Paper No. 13/19
Number of pages: 66 Posted: 22 Feb 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 70 (547,749)

Abstract:

Loading...

Bilateral trade, Business cycles, Comovement, Cross country analysis, Economic models, Financial linkages, Globalization, Synchronization, Time series, Trade linkages

21.

Macroeconomic Implications of Financial Imperfections: A Survey

Downloads 417 (117,886)
Citation 3

Macroeconomic Implications of Financial Imperfections: A Survey

BIS Working Paper No. 677
Number of pages: 124 Posted: 11 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 308 (163,402)

Abstract:

Loading...

asset prices, balance sheets, credit, financial accelerator, financial intermediation, financial linkages, international linkages, leverage, liquidity, macrofinancial linkages, output, real-financial linkages

Macroeconomic Implications of Financial Imperfections: A Survey

World Bank Policy Research Working Paper No. 8260
Number of pages: 116 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 69 (552,099)

Abstract:

Loading...

Macroeconomic Management, Economic Forecasting, Governance Diagnostic Capacity Building

Macroeconomic Implications of Financial Imperfections: A Survey

CAMA Working Paper No. 75/2017
Number of pages: 116 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 40 (713,462)

Abstract:

Loading...

asset prices, balance sheets, credit, financial accelerator, financial intermediation, financial linkages, international linkages, leverage, liquidity, macro-financial linkages, output, real-financial linkages

Macroeconomic Implications of Financial Imperfections: A Survey

CEPR Discussion Paper No. DP12461
Number of pages: 117 Posted: 01 Dec 2017
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

macro-financial linkages; real-financial linkages; financial accelerator

22.

The Global Role of the U.S. Economy: Linkages, Policies and Spillovers

CAMA Working Paper No. 13/2017
Number of pages: 36 Posted: 10 Feb 2017
M. Ayhan Kose, Csilla Lakatos, Franziska Ohnsorge and Marc Stocker
World Bank, World Bank, World Bank and World Bank
Downloads 394 (125,799)
Citation 8

Abstract:

Loading...

United States, Uncertainty, Trade, Business Cycles, Global Economy

23.

Thresholds in the Process of International Financial Integration

Downloads 369 (135,385)
Citation 69

Thresholds in the Process of International Financial Integration

World Bank Policy Research Working Paper No. 5149
Number of pages: 43 Posted: 20 Apr 2016
M. Ayhan Kose, Eswar S. Prasad and Ashley D. Taylor
World Bank, Cornell University - Dyson School of Applied Economics and Management and World Bank
Downloads 146 (329,958)
Citation 8

Abstract:

Loading...

Debt Markets, Economic Theory & Research, Currencies and Exchange Rates, Emerging Markets, Achieving Shared Growth

Thresholds in the Process of International Financial Integration

Brookings Global Economy and Development Working Paper No. 35
Number of pages: 46 Posted: 31 May 2009
Eswar S. Prasad, M. Ayhan Kose and Ashley D. Taylor
Cornell University - Dyson School of Applied Economics and Management, World Bank and World Bank
Downloads 80 (506,594)
Citation 1

Abstract:

Loading...

international finance, developing countries, financial institutions, global economics

Thresholds in the Process of International Financial Integration

IZA Discussion Paper No. 4133
Number of pages: 51 Posted: 28 Apr 2009
M. Ayhan Kose, Eswar S. Prasad and Ashley Taylor
World Bank, Cornell University - Dyson School of Applied Economics and Management and London School of Economics & Political Science (LSE)
Downloads 75 (526,435)

Abstract:

Loading...

financial openness, capital account liberalization, growth, threshold conditions, financial development, institutions, macroeconomic policies

Thresholds in the Process of International Financial Integration

NBER Working Paper No. w14916
Number of pages: 50 Posted: 29 Apr 2009 Last Revised: 05 Oct 2022
M. Ayhan Kose, Eswar S. Prasad and Ashley D. Taylor
World Bank, Cornell University - Dyson School of Applied Economics and Management and World Bank
Downloads 68 (556,705)

Abstract:

Loading...

24.

How Has NAFTA Affected the Mexican Economy? Review and Evidence

IMF Working Paper No. 04/59
Number of pages: 49 Posted: 15 Feb 2006
M. Ayhan Kose, Guy Meredith and Christopher Towe
World Bank, International Monetary Fund (IMF) - Research Department and affiliation not provided to SSRN
Downloads 369 (135,385)
Citation 3

Abstract:

Loading...

NAFTA, Mexico, Growth, Trade, Regional Trade, Business Cycles

25.

Understanding Inflation in Emerging and Developing Economies

Downloads 363 (137,924)

Understanding Inflation in Emerging and Developing Economies

World Bank Policy Research Working Paper No. 8761
Number of pages: 33 Posted: 01 Mar 2019 Last Revised: 09 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 318 (158,034)

Abstract:

Loading...

Inflation, Macroeconomic Management, Inequality, Financial Structures, International Trade and Trade Rules

Understanding Inflation in Emerging and Developing Economies

CAMA Working Paper No. 22/2019
Number of pages: 33 Posted: 07 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 45 (680,067)

Abstract:

Loading...

Prices, Inflation, Monetary Systems, Monetary Policy, Globalization

Understanding Inflation in Emerging and Developing Economies

CEPR Discussion Paper No. DP13608
Number of pages: 34 Posted: 27 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 0
  • Add to Cart

Abstract:

Loading...

Globalization, inflation, monetary policy, Monetary Systems, prices

26.

Dynamics of Open Economy Business Cycle Models: Understanding the Role of the Discount Factor

Number of pages: 29 Posted: 19 May 2000
Sunghyun Henry Kim and M. Ayhan Kose
Sungkyunkwan University - Department of Economics and World Bank
Downloads 342 (147,228)
Citation 6

Abstract:

Loading...

27.

Financial Cycles: What? How? When?

Downloads 310 (163,286)
Citation 35

Financial Cycles: What? How? When?

IMF Working Paper No. 11/76
Number of pages: 41 Posted: 13 Apr 2011
M. Ayhan Kose, Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
affiliation not provided to SSRN, Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 303 (166,285)
Citation 8

Abstract:

Loading...

Business cycles, Capital markets, Credit, Demand, Developed countries, Housing prices, Stock prices

Financial Cycles: What? How? When?

CEPR Discussion Paper No. DP8379
Number of pages: 43 Posted: 19 May 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 7 (1,009,937)
Citation 18
  • Add to Cart

Abstract:

Loading...

asset busts, credit booms, credit cycles, crunches, equity prices, house prices

28.

Understanding the Global Drivers of Inflation: How Important are Oil Prices?

Number of pages: 27 Posted: 19 Jan 2023
Jongrim Ha, M. Ayhan Kose, Franziska Ohnsorge and Hakan Yilmazkuday
World Bank, World Bank, World Bank and Florida International University (FIU) - Department of Economics
Downloads 305 (166,181)

Abstract:

Loading...

Inflation; Oil Prices, Global Shock, Domestic Shock, FAVAR, Exchange Rates

29.

Does Openness to International Financial Flows Raise Productivity Growth?

Downloads 302 (167,916)
Citation 27

Does Openness to International Financial Flows Raise Productivity Growth?

Brookings Global Economy and Development Working Paper No. 32
Number of pages: 46 Posted: 23 Jan 2009
Eswar S. Prasad, Marco E. Terrones and M. Ayhan Kose
Cornell University - Dyson School of Applied Economics and Management, International Monetary Fund (IMF) and World Bank
Downloads 131 (359,550)
Citation 19

Abstract:

Loading...

global economics, financial markets, economic development, globalization, financial openness

Does Openness to International Financial Flows Raise Productivity Growth?

IMF Working Paper No. 08/242
Number of pages: 41 Posted: 18 Dec 2008
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 124 (374,880)

Abstract:

Loading...

Capital flows, Productivity, Production growth, Capital account, Foreign direct investment, Development, Debt, Economic models

Does Openness to International Financial Flows Raise Productivity Growth?

NBER Working Paper No. w14558
Number of pages: 45 Posted: 15 Jan 2009 Last Revised: 13 Oct 2022
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 47 (667,568)
Citation 8

Abstract:

Loading...

30.

Out of the Ballpark: The Global Recession of 2007-08 in Historical Context

Finance & Development, June 2009
Number of pages: 4 Posted: 09 Dec 2009
Prakash Loungani, M. Ayhan Kose and Marco E. Terrones
International Monetary Fund (IMF), World Bank and International Monetary Fund (IMF)
Downloads 292 (173,962)
Citation 5

Abstract:

Loading...

31.

Global Stagflation

Number of pages: 45 Posted: 15 Jun 2022
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 284 (179,086)
Citation 4

Abstract:

Loading...

Inflation, growth, COVID-19, global recession, monetary policy, fiscal policy, disinflation.

32.

Can World Real Interest Rates Explain Business Cycles in a Small Open Economy?

FRB of New York Staff Report No. 94
Number of pages: 27 Posted: 20 Feb 2000
William F. Blankenau, M. Ayhan Kose and Kei-Mu Yi
Kansas State University - Department of Economics, World Bank and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 280 (181,704)
Citation 11

Abstract:

Loading...

world interest rates, business cycles, dynamic stochastic general equilibrium models, small open economy

33.

Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

Downloads 263 (193,554)
Citation 12

Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

CAMA Working Paper 1/2016
Number of pages: 67 Posted: 14 Jan 2016 Last Revised: 22 Jan 2016
Tatiana Didier, M. Ayhan Kose, Franziska Ohnsorge and Lei Sandy Ye
World Bank, World Bank, World Bank and World Bank
Downloads 262 (193,351)
Citation 19

Abstract:

Loading...

Emerging markets, growth slowdown, policy space, monetary policy, fiscal policy, structural reforms

Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

CEPR Discussion Paper No. DP11065
Number of pages: 65 Posted: 27 Jan 2016
Tatiana Didier, M. Ayhan Kose, Franziska Ohnsorge and Lei Sandy Ye
World Bank, World Bank, World Bank and World Bank
Downloads 1 (1,062,640)
  • Add to Cart

Abstract:

Loading...

emerging markets, fiscal policy, growth slowdown, monetary policy, policy space, structural reforms

34.

The Trade Comovement Problem in International Macroeconomics

FRB of New York Staff Report No. 155
Number of pages: 30 Posted: 04 Apr 2003
M. Ayhan Kose and Kei-Mu Yi
World Bank and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 261 (195,054)
Citation 23

Abstract:

Loading...

international trade, international business cycles, comovement, stochastic dynamic business cycle model, synchronization

35.

Global Stagflation

Downloads 257 (198,004)

Global Stagflation

Number of pages: 47 Posted: 17 Mar 2023
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 255 (198,708)
Citation 1

Abstract:

Loading...

Inflation, growth, COVID-19, global recession, monetary policy, fiscal policy, disinflation

Global Stagflation

CEPR Discussion Paper No. DP17381
Number of pages: 48 Posted: 23 Jun 2022
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 2 (1,053,615)
  • Add to Cart

Abstract:

Loading...

COVID-19, Disinflation, Fiscal policy, Global Recession, growth, inflation, monetary policy

36.

Dynamics of Business Cycles in Asia: Differences and Similarities

Number of pages: 42 Posted: 21 Jun 2000
Sunghyun Henry Kim, M. Ayhan Kose and Michael G. Plummer
Sungkyunkwan University - Department of Economics, World Bank and Brandeis University - International Business School
Downloads 255 (199,576)
Citation 2

Abstract:

Loading...

37.

The Coming US Interest Rate Tightening Cycle: Smooth Sailing or Stormy Waters?

CAMA Working Paper No. 37/2015
Number of pages: 71 Posted: 12 Oct 2015 Last Revised: 13 Oct 2015
Carlos Arteta, M. Ayhan Kose, Franziska Ohnsorge and Marc Stocker
World Bank, Development Prospects Group, World Bank, World Bank and World Bank
Downloads 254 (200,356)
Citation 17

Abstract:

Loading...

Federal Reserve, liftoff, tightening, interest rates, monetary policy, emerging markets, frontier markets, capital flows, sudden stops, crises

38.

Challenges of Fiscal Policy in Emerging and Developing Economies

Downloads 252 (201,935)
Citation 5

Challenges of Fiscal Policy in Emerging and Developing Economies

CAMA Working Paper No. 34/2016
Number of pages: 37 Posted: 16 Jun 2016
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 196 (255,499)

Abstract:

Loading...

Fiscal Space, Fiscal Policy, Developing Economies, Growth Slowdown, Fiscal Rules, Stabilization Funds, Expenditure Frameworks

Challenges of Fiscal Policy in Emerging and Developing Economies

World Bank Policy Research Working Paper No. 7725
Number of pages: 37 Posted: 19 Jul 2016
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 56 (615,539)

Abstract:

Loading...

Fiscal & Monetary Policy, Economic Growth, Economic Conditions and Volatility, Consumption, Industrial Economics, Economic Theory & Research

Challenges of Fiscal Policy in Emerging and Developing Economies

CEPR Discussion Paper No. DP11347
Number of pages: 38 Posted: 27 Jun 2016
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 0
Citation 1
  • Add to Cart

Abstract:

Loading...

developing economies, expenditure frameworks, fiscal rules, Fiscal space, growth slowdown, stabilization funds

39.

Inflation During the Pandemic: What Happened? What is Next?

Downloads 243 (209,154)
Citation 3

Inflation During the Pandemic: What Happened? What is Next?

Number of pages: 46 Posted: 09 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 213 (236,633)
Citation 7

Abstract:

Loading...

Global Inflation; COVID-19; Global Recession; FAVAR; Oil Prices; Global Shocks

Inflation During the Pandemic: What Happened? What is Next?

CAMA Working Paper No. 58/2021
Number of pages: 48 Posted: 12 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 30 (789,321)
Citation 2

Abstract:

Loading...

Global Inflation, COVID-19, Global Recession, FAVAR, Oil Prices, Global Shocks

40.

Trade Shocks and Macroeconomic Fluctuations in Africa

CESifo Working Paper Series No. 203
Number of pages: 46 Posted: 18 Nov 1998
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics
Downloads 236 (215,214)
Citation 3

Abstract:

Loading...

Trade shocks, dynamic stochastic quantitative trade model, African economies

41.

Does Openness to International Financial Flows Contribute to Productivity Growth?

Downloads 235 (216,118)
Citation 2

Does Openness to International Financial Flows Contribute to Productivity Growth?

Number of pages: 44 Posted: 22 Jul 2008
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 133 (355,378)
Citation 4

Abstract:

Loading...

Financial opennes, capital account liberalization, capital flows, external assets and liabilities, foreign direct investment, portfolio equity, debt, total factor productivity

Does Openness to International Financial Flows Contribute to Productivity Growth?

IZA Discussion Paper No. 3634
Number of pages: 46 Posted: 11 Aug 2008
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 102 (432,855)
Citation 1

Abstract:

Loading...

financial openness, capital account liberalization, capital flows, external assets and liabilities, foreign direct investment, portfolio equity, debt, total factor productivity

42.

One-Stop Source: A Global Database of Inflation

Downloads 222 (228,217)
Citation 2

One-Stop Source: A Global Database of Inflation

Number of pages: 39 Posted: 24 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 147 (328,120)

Abstract:

Loading...

Prices, global inflation, deflation, inflation synchronization, global factor

One-stop Source: A Global Database of Inflation

CAMA Working Paper No. 59/2021
Number of pages: 41 Posted: 09 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 75 (526,435)
Citation 4

Abstract:

Loading...

Prices, global inflation, deflation, inflation synchronization, global factor

43.

Emerging Markets Come of Age

Finance and Development, p. 7, December 2010
Number of pages: 5 Posted: 18 Dec 2010
M. Ayhan Kose and Eswar S. Prasad
World Bank and Cornell University - Dyson School of Applied Economics and Management
Downloads 219 (231,217)

Abstract:

Loading...

44.

Understanding the Evolution of World Business Cycles

IMF Working Paper No. 05/211
Number of pages: 36 Posted: 03 Mar 2006
M. Ayhan Kose, Chris Otrok and Charles H. Whiteman
World Bank, University of Missouri and Pennsylvania State University - Smeal College of Business
Downloads 216 (234,142)
Citation 39

Abstract:

Loading...

International business cycles, globalization, transmission of macroeconomic fluctuations

45.

Fiscal Space: Concept, Measurement, and Policy Implications

World Bank Research and Policy Briefs No. 132195
Number of pages: 4 Posted: 29 Nov 2018 Last Revised: 27 Apr 2020
M. Ayhan Kose, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 215 (235,189)
Citation 4

Abstract:

Loading...

Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Economic Adjustment and Lending, Macro-Fiscal Policy, Macroeconomics and Economic Growth, Economic Policy, Institutions and Governance, Fiscal & Monetary Policy, Labor Markets

46.

How Do Trade and Financial Integration Affect the Relationship between Growth and Volatility

IZA Discussion Paper No. 2252, IMF Working Paper No. 05/19, FRB of San Francisco Working Paper No. 2004-29
Number of pages: 44 Posted: 08 Sep 2006
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 215 (235,189)
Citation 8

Abstract:

Loading...

globalization, international trade and financial linkages, macroeconomic

47.

Can the Standard International Business Cycle Model Explain the Relation between Trade and Comovement?

Downloads 211 (239,252)
Citation 44

Can the Standard International Business Cycle Model Explain the Relation between Trade and Comovement?

IMF Working Paper No. 05/204
Number of pages: 40 Posted: 03 Mar 2006
M. Ayhan Kose and Kei-Mu Yi
World Bank and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 122 (379,609)
Citation 22

Abstract:

Loading...

international trade, international business cycle comovement

Can the Standard International Business Cycle Model Explain the Relation between Trade and Comovement?

FRB Philadelphia Working Paper No. 05-3
Number of pages: 39 Posted: 16 May 2005
M. Ayhan Kose and Kei-Mu Yi
World Bank and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 89 (474,064)
Citation 24

Abstract:

Loading...

International trade, International business cycle comovement

48.

Debt and Financial Crises

Downloads 183 (272,163)
Citation 4

Debt and Financial Crises

CAMA Working Paper No. 9/2020
Number of pages: 58 Posted: 12 Feb 2020
Wee Chian Koh, M. Ayhan Kose, Peter Stephen Oliver Nagle, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 97 (448,003)
Citation 1

Abstract:

Loading...

financial crises, currency crises, debt crises, banking crises, public debt, private debt, external debt

Debt and Financial Crises

World Bank Policy Research Working Paper No. 9116
Number of pages: 58 Posted: 23 Jan 2020 Last Revised: 24 Jan 2020
Wee Chian Koh, M. Ayhan Kose, Peter Stephen Oliver Nagle, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 85 (488,152)
Citation 3

Abstract:

Loading...

Debt and Financial Crises

CEPR Discussion Paper No. DP14442
Number of pages: 60 Posted: 03 Mar 2020
Wee Chian Koh, M. Ayhan Kose, Peter Stephen Oliver Nagle, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 1 (1,062,640)
Citation 3
  • Add to Cart

Abstract:

Loading...

banking crises, Currency Crises, Debt crises, External Debt, financial crises, private debt, public debt

49.

Globalization, the Business Cycle, and Macroeconomic Monitoring

Downloads 181 (274,701)
Citation 4

Globalization, the Business Cycle, and Macroeconomic Monitoring

IMF Working Paper No. 11/25
Number of pages: 53 Posted: 07 Feb 2011
M. Ayhan Kose, S. Borağan Aruoba, Marco E. Terrones and Francis X. Diebold
World Bank, University of Maryland - Department of Economics, International Monetary Fund (IMF) and University of Pennsylvania - Department of Economics
Downloads 138 (345,160)
Citation 3

Abstract:

Loading...

Business cycles, Cross country analysis, Globalization, Group of seven

Globalization, the Business Cycle, and Macroeconomic Monitoring

NBER Working Paper No. w16264
Number of pages: 52 Posted: 16 Aug 2010 Last Revised: 11 Jun 2023
S. Borağan Aruoba, Francis X. Diebold, M. Ayhan Kose and Marco E. Terrones
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, World Bank and International Monetary Fund (IMF)
Downloads 43 (692,950)
Citation 1

Abstract:

Loading...

50.

Inflation Expectations: Review and Evidence

Downloads 172 (287,287)
Citation 7

Inflation Expectations: Review and Evidence

World Bank Policy Research Working Paper No. 8785
Number of pages: 63 Posted: 26 Mar 2019
M. Ayhan Kose, Hideaki Matsuoka, Ugo Panizza and Dana Vorisek
World Bank, Ministry of Finance - Japan - Policy Research Institute, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and World Bank
Downloads 171 (288,739)
Citation 4

Abstract:

Loading...

Inflation, Macroeconomic Management, Financial Structures, International Trade and Trade Rules, Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Economic Adjustment and Lending, Macro-Fiscal Policy

Inflation Expectations: Review and Evidence

CEPR Discussion Paper No. DP13601
Number of pages: 64 Posted: 27 Mar 2019
M. Ayhan Kose, Hideaki Matsuoka, Ugo Panizza and Dana Vorisek
World Bank, Ministry of Finance - Japan - Policy Research Institute, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and World Bank
Downloads 1 (1,062,640)
  • Add to Cart

Abstract:

Loading...

developing economies, emerging markets, inflation, Inflation expectations, monetary policy

51.

Capital Inflows: Macroeconomic Implications and Policy Responses

Downloads 166 (295,975)

Capital Inflows: Macroeconomic Implications and Policy Responses

IMF Working Paper No. 09/40
Number of pages: 62 Posted: 23 Mar 2009
Roberto Cardarelli, Selim Ali Elekdag and M. Ayhan Kose
International Monetary Fund (IMF), International Monetary Fund (IMF) - Policy Development and Review Department and World Bank
Downloads 166 (296,095)
Citation 5

Abstract:

Loading...

Working Papers

Capital Inflows: Macroeconomic Implications and Policy Responses

Economic Systems, Vol. 34, No. 4, 2010
Posted: 30 Jul 2011
Roberto Cardarelli, Selim Ali Elekdag and M. Ayhan Kose
International Monetary Fund (IMF), International Monetary Fund (IMF) - Policy Development and Review Department and World Bank

Abstract:

Loading...

Capital inflows, Sudden stops, Crises, Sterilization, Capital controls

52.

How Do Business and Financial Cycles Interact?

IMF Working Paper No. 11/88
Number of pages: 55 Posted: 26 Apr 2011
M. Ayhan Kose, Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
affiliation not provided to SSRN, Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 157 (310,244)
Citation 30

Abstract:

Loading...

Business cycles, Economic models, Economic recession, Economic recovery, Financial sector, Fiscal policy, Monetary policy

53.

Small Countries and Preferential Trade Agreements 'How Severe is the Innocent Bystander Problem?'

Number of pages: 30 Posted: 22 Jun 2000
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics
Downloads 156 (311,892)
Citation 1

Abstract:

Loading...

54.

Global House Price Fluctuations: Synchronization and Determinants

Downloads 155 (313,609)
Citation 41

Global House Price Fluctuations: Synchronization and Determinants

IMF Working Paper No. 13/38
Number of pages: 48 Posted: 22 Feb 2013
Hideaki Hirata, M. Ayhan Kose, Chris Otrok and Marco E. Terrones
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 83 (495,297)
Citation 1

Abstract:

Loading...

Asset prices, Business cycles, Developed countries, Housing prices, Time series, business cycles, central bank, contractionary monetary policy, exchange rates, financial cycles, financial integration, financial intermediation, financial markets, global financial crisis, global financial markets, global liquidity, global real estate, globalization, globalization period, globalization periods, inflation, interest rates, international financial, international financial markets, long-term interest rates, monetary economics, monetary fund, monetary policy, monetary policy decisions, monetary shock, monetary shocks, transmission of monetary policy

Global House Price Fluctuations: Synchronization and Determinants

CAMA Working Paper 07/2013
Number of pages: 46 Posted: 19 Jul 2013
Hideaki Hirata, M. Ayhan Kose, Chris Otrok and Marco E. Terrones
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 45 (680,067)
Citation 4

Abstract:

Loading...

Monetary policy, interest rates, business cycles, financial cycles

Global House Price Fluctuations: Synchronization and Determinants

NBER Working Paper No. w18362
Number of pages: 44 Posted: 08 Sep 2012 Last Revised: 05 Mar 2023
Hideaki Hirata, M. Ayhan Kose, Chris Otrok and Marco E. Terrones
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 27 (814,282)
Citation 13

Abstract:

Loading...

55.

Sources of Fluctuations: The Case of MENA

Number of pages: 30 Posted: 05 Oct 2005
Hideaki Hirata, M. Ayhan Kose and Sunghyun Henry Kim
Hosei University, World Bank and Sungkyunkwan University - Department of Economics
Downloads 149 (324,128)

Abstract:

Loading...

MENA, business cycles, macroeconomic fluctuations, globalization, emerging markets

56.

How Different is the Cyclical Behavior of Home Production Across Countries?

Downloads 139 (344,393)

How Different is the Cyclical Behavior of Home Production Across Countries?

Number of pages: 30 Posted: 29 Jan 2002
William F. Blankenau and M. Ayhan Kose
Kansas State University - Department of Economics and World Bank
Downloads 77 (518,381)

Abstract:

Loading...

Business cycles, dynamic stochastic general equilibrium, open economy, labor hours

How Different is the Cyclical Behavior of Home Production Across Countries?

IMF Working Paper No. 06/46
Number of pages: 32 Posted: 23 Mar 2006
William F. Blankenau and M. Ayhan Kose
Kansas State University - Department of Economics and World Bank
Downloads 62 (589,632)

Abstract:

Loading...

Business cycles, home (non-market), production, general equilibrium

57.

Volatility and Comovement in a Globalized World Economy An Empirical Exploration

IMF Working Paper No. 03/246
Number of pages: 38 Posted: 15 Feb 2006
M. Ayhan Kose, Eswar S. Prasad and Marco E. Terrones
World Bank, Cornell University - Dyson School of Applied Economics and Management and International Monetary Fund (IMF)
Downloads 134 (352,366)
Citation 4

Abstract:

Loading...

Business cycles macroeconomic fluctuations volatility correlations globalization

58.

Weakness in Investment Growth: Causes, Implications and Policy Responses

CAMA Working Paper No. 19/2017
Number of pages: 75 Posted: 08 Mar 2017
M. Ayhan Kose, Franziska Ohnsorge, Lei Sandy Ye and Ergys Islamaj
World Bank, World Bank, World Bank and World Bank
Downloads 132 (356,381)

Abstract:

Loading...

emerging markets, developing economies, investment slowdown, policy space, infrastructure investment, monetary policy, fiscal policy, structural reforms

59.

Economic Integration, Business Cycle, and Productivity in North America

IMF Working Paper No. 04/138
Number of pages: 47 Posted: 15 Feb 2006
M. Ayhan Kose
World Bank
Downloads 128 (364,704)

Abstract:

Loading...

Canada, United States, Business cycles, Productivity, NAFTA, CUSFTA, Regional Trade

60.

Do Fiscal Multipliers Depend on Fiscal Positions?

Downloads 127 (366,872)
Citation 20

Do Fiscal Multipliers Depend on Fiscal Positions?

World Bank Policy Research Working Paper No. 7724
Number of pages: 39 Posted: 19 Jul 2016
Raju Huidrom, M. Ayhan Kose, Jamus Jerome Lim and Franziska Ohnsorge
World Bank, World Bank, World Bank and World Bank
Downloads 85 (488,152)

Abstract:

Loading...

Industrial Economics, Consumption, Economic Theory & Research, Fiscal & Monetary Policy, Economic Growth, Economic Conditions and Volatility

Do Fiscal Multipliers Depend on Fiscal Positions?

CAMA Working Paper No. 35/2016
Number of pages: 39 Posted: 16 Jun 2016
Raju Huidrom, M. Ayhan Kose, Jamus Jerome Lim and Franziska Ohnsorge
World Bank, World Bank, World Bank and World Bank
Downloads 42 (699,699)

Abstract:

Loading...

Fiscal Multipliers, Fiscal Position, State-Dependency, Ricardian Channel, Interest Rate Channel, Business Cycle

Do Fiscal Multipliers Depend on Fiscal Positions?

CEPR Discussion Paper No. DP11346
Number of pages: 40 Posted: 27 Jun 2016
Raju Huidrom, M. Ayhan Kose, Jamus Jerome Lim and Franziska Ohnsorge
World Bank, World Bank, World Bank and World Bank
Downloads 0
Citation 12
  • Add to Cart

Abstract:

Loading...

Fiscal multipliers; Fiscal position; State-dependency; Ricardian channel; Interest rate channel; Business cycle

61.

A Cross-Country Database of Fiscal Space

CAMA Working Paper No. 48/2017
Number of pages: 48 Posted: 04 Aug 2017
M. Ayhan Kose, Sergio Kurlat, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank and World Bank
Downloads 123 (378,066)
Citation 3

Abstract:

Loading...

Fiscal policy, sovereign debt, fiscal deficit, private debt, financial crises, oil prices.

62.

Remittances Over the Business Cycle: Theory and Evidence

CAMA Working Paper No. 13/2016
Number of pages: 35 Posted: 30 Mar 2016
Supriyo De, Ergys Islamaj, M. Ayhan Kose and Seyed Reza Yousefi
World Bank, World Bank, World Bank and International Monetary Fund (IMF)
Downloads 116 (392,114)
Citation 15

Abstract:

Loading...

remittances, business cycles, acyclical, sudden stops, risk sharing

63.

Global Inflation Synchronization

Downloads 114 (397,110)
Citation 5

Global Inflation Synchronization

World Bank Policy Research Working Paper No. 8768
Number of pages: 41 Posted: 08 Mar 2019 Last Revised: 09 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 74 (530,636)

Abstract:

Loading...

Global Inflation Synchronization

CAMA Working Paper No. 24/2019
Number of pages: 41 Posted: 15 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 40 (713,462)

Abstract:

Loading...

global inflation, synchronization, dynamic factor model, advanced economies, emerging markets, developing economies

Global Inflation Synchronization

CEPR Discussion Paper No. DP13600
Number of pages: 42 Posted: 27 Mar 2019
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 0
  • Add to Cart

Abstract:

Loading...

Advanced economies, developing economies, Dynamic factor model, emerging markets, Global inflation, Synchronization

64.

A mountain of debt: Navigating the legacy of the pandemic

Downloads 105 (421,212)
Citation 3

A mountain of debt: Navigating the legacy of the pandemic

CAMA Working Paper No. 90/2021
Number of pages: 40 Posted: 18 Oct 2021
M. Ayhan Kose, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 104 (426,787)
Citation 1

Abstract:

Loading...

COVID-19, fiscal policy, sovereign debt, private debt, deficits

A Mountain of Debt: Navigating the Legacy of the Pandemic

CEPR Discussion Paper No. DP16637
Number of pages: 41 Posted: 15 Nov 2021
M. Ayhan Kose, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 1 (1,062,640)
Citation 3
  • Add to Cart

Abstract:

Loading...

COVID-19, Deficits, Fiscal policy, private debt, Sovereign debt

65.

How Important are Spillovers from Major Emerging Markets?

Downloads 102 (429,976)
Citation 17

How Important are Spillovers from Major Emerging Markets?

World Bank Policy Research Working Paper No. 8093
Number of pages: 31 Posted: 13 Jun 2017 Last Revised: 03 Aug 2017
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 58 (604,887)

Abstract:

Loading...

How Important are Spillovers from Major Emerging Markets?

CAMA Working Paper No. 37/2017
Number of pages: 31 Posted: 09 May 2017
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 43 (692,950)

Abstract:

Loading...

Business cycles, spillovers, external shocks, China, EM7, G7

How Important are Spillovers from Major Emerging Markets?

CEPR Discussion Paper No. DP12022
Number of pages: 32 Posted: 08 May 2017
Raju Huidrom, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 1 (1,062,640)
Citation 11
  • Add to Cart

Abstract:

Loading...

Business Cycles, China, EM7, external shocks, G7, Spillovers

66.

A Cross-Country Database of Fiscal Space

World Bank Policy Research Working Paper No. 8157
Number of pages: 48 Posted: 03 Aug 2017 Last Revised: 10 Nov 2017
M. Ayhan Kose, Sergio Andres Kurlat, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank - Development Prospects Group, World Bank and World Bank
Downloads 101 (432,992)

Abstract:

Loading...

Public Finance Decentralization and Poverty Reduction, Macro-Fiscal Policy, Economic Insecurity, Financial Crisis Management & Restructuring, Public Sector Economics, Debt Markets, Economic Adjustment and Lending, External Debt

67.

Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement

FRB St. Louis Working Paper No. 2015-31
Number of pages: 46 Posted: 20 Oct 2015 Last Revised: 03 Jan 2019
Laura E. Jackson, M. Ayhan Kose, Chris Otrok and Michael Owyang
Bentley University - Department of Economics, World Bank, University of Missouri and Federal Reserve Bank of St. Louis - Research Division
Downloads 98 (441,855)
Citation 6

Abstract:

Loading...

principal components, Kalman filter, data augmentation, business cycles

68.

Financial Globalization, Growth and Volatility in Developing Countries

Downloads 97 (444,748)
Citation 51

Financial Globalization, Growth and Volatility in Developing Countries

NBER Working Paper No. w10942
Number of pages: 69 Posted: 26 May 2012 Last Revised: 26 Nov 2022
Eswar S. Prasad, Kenneth Rogoff, Shang-Jin Wei and M. Ayhan Kose
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, Columbia University - Columbia Business School, Finance and World Bank
Downloads 61 (589,632)
Citation 8

Abstract:

Loading...

Financial Globalization, Growth and Volatility in Developing Countries

Number of pages: 70 Posted: 15 Feb 2005
Eswar S. Prasad, Kenneth Rogoff, Shang-Jin Wei and M. Ayhan Kose
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, Columbia University - Columbia Business School, Finance and World Bank
Downloads 36 (742,238)
  • Add to Cart

Abstract:

Loading...

Globalization, international financial linkages, macroeconomic volatility, growth

69.

Do Credit Shocks Matter? A Global Perspective

IMF Working Paper No. 10/261
Number of pages: 38 Posted: 01 Feb 2011
Thomas Helbling, Raju Huidrom, M. Ayhan Kose and Chris Otrok
International Monetary Fund (IMF) - Middle East and Central Asia Department, affiliation not provided to SSRN, World Bank and University of Missouri
Downloads 96 (447,797)
Citation 23

Abstract:

Loading...

Business cycles, Capital markets, Credit, Cross country analysis, Economic models, Economic recession, External shocks, Group of seven, Time series, United States

70.

Emerging and Developing Economies: Ten Years After the Global Recession

CAMA Working Paper No. 13/2020
Number of pages: 55 Posted: 21 Feb 2020
M. Ayhan Kose and Franziska Ohnsorge
World Bank and World Bank
Downloads 92 (460,361)

Abstract:

Loading...

economic integration, international business cycles, financial crises, macroeconomic policy

71.

Global Macro-Financial Cycles and Spillovers

Downloads 92 (460,361)
Citation 4

Global Macro-Financial Cycles and Spillovers

CAMA Working Paper No. 12/2020
Number of pages: 82 Posted: 19 Feb 2020
Jongrim Ha, M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 47 (667,568)
Citation 2

Abstract:

Loading...

global business cycles, global financial cycles, common shocks, international spillovers, dynamic factor models

Global Macro-Financial Cycles and Spillovers

IZA Discussion Paper No. 13000
Number of pages: 82 Posted: 02 Mar 2020
Jongrim Ha, M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 33 (765,100)

Abstract:

Loading...

global business cycles, global financial cycles, common shocks, international spillovers, dynamic factor models

Global Macro-Financial Cycles and Spillovers

NBER Working Paper No. w26798
Number of pages: 81 Posted: 02 Mar 2020 Last Revised: 23 Mar 2023
Jongrim Ha, M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 12 (959,470)

Abstract:

Loading...

Global Macro-Financial Cycles and Spillovers

CEPR Discussion Paper No. DP14404
Number of pages: 83 Posted: 03 Mar 2020
Jongrim Ha, M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 0
Citation 4
  • Add to Cart

Abstract:

Loading...

Common Shocks, Dynamic factor models, Global business cycles, global financial cycles, International spillovers

72.

Recessions and Financial Disruptions in Emerging Markets: A Bird's Eye View

Central Bank of Chile Working Paper No. 585
Number of pages: 53 Posted: 17 Jul 2010
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 91 (463,502)
Citation 3

Abstract:

Loading...

Business cycles, Emerging Markets, Recessions, Financial Disruptions

73.

The Global Role of the U.S. Economy: Linkages, Policies and Spillovers

World Bank Policy Research Working Paper No. 7962
Number of pages: 36 Posted: 08 Feb 2017 Last Revised: 03 Aug 2017
M. Ayhan Kose, Csilla Lakatos, Franziska Ohnsorge and Marc Stocker
World Bank, World Bank, World Bank and World Bank
Downloads 87 (476,518)

Abstract:

Loading...

International Trade and Trade Rules

74.

Subdued Potential Growth: Sources and Remedies

Downloads 82 (493,968)
Citation 13

Subdued Potential Growth: Sources and Remedies

World Bank Policy Research Working Paper No. 9177
Number of pages: 36 Posted: 11 Mar 2020
Sinem Kilic Celik, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 44 (686,293)
Citation 4

Abstract:

Loading...

Subdued Potential Growth: Sources and Remedies

CAMA Working Paper No. 24/2020
Number of pages: 36 Posted: 17 Mar 2020
Sinem Kilic Celik, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 38 (727,683)

Abstract:

Loading...

Potential growth, potential output, advanced economies, emerging market and developing economies.

Subdued Potential Growth: Sources and Remedies

CEPR Discussion Paper No. DP14527
Number of pages: 37 Posted: 25 Mar 2020 Last Revised: 06 May 2020
Sinem Kilic Celik, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 0
Citation 12
  • Add to Cart

Abstract:

Loading...

Advanced economies, emerging market and developing economies, Potential growth, Potential Output

75.

Global Recessions

World Bank Policy Research Working Paper No. 9172
Number of pages: 74 Posted: 05 Mar 2020
M. Ayhan Kose, Naotaka Sugawara and Marco E. Terrones
World Bank, World Bank and International Monetary Fund (IMF)
Downloads 80 (501,253)
Citation 2

Abstract:

Loading...

76.

Growing apart or moving together? Synchronization of informal and formal economy cycles

Downloads 78 (508,578)
Citation 1

Growing apart or moving together? Synchronization of informal and formal economy cycles

CAMA Working Paper No. 77/2021
Number of pages: 41 Posted: 04 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 42 (699,699)

Abstract:

Loading...

Informal economy, self-employment, business cycle

Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles

Number of pages: 39 Posted: 01 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 36 (742,238)
Citation 1

Abstract:

Loading...

Informal economy, self-employment, business cycle.

Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles

CEPR Discussion Paper No. DP16498
Number of pages: 42 Posted: 22 Sep 2021
Ceyhun Elgin, M. Ayhan Kose, Franziska Ohnsorge and Shu Yu
Bogazici University, World Bank, World Bank and World Bank
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

Business cycle, Informal economy, Self-employment

77.

What are the Driving Forces of International Business Cycles?

NBER Working Paper No. w14380
Number of pages: 41 Posted: 08 Oct 2008 Last Revised: 17 Oct 2022
Mario J. Crucini, M. Ayhan Kose and Chris Otrok
Vanderbilt University - College of Arts and Science - Department of Economics, World Bank and University of Missouri
Downloads 74 (524,162)
Citation 5

Abstract:

Loading...

78.

Benefits and Costs of Debt: The Dose Makes the Poison

Downloads 71 (536,354)
Citation 6

Benefits and Costs of Debt: The Dose Makes the Poison

World Bank Policy Research Working Paper No. 9166
Number of pages: 39 Posted: 28 Feb 2020 Last Revised: 29 Feb 2020
M. Ayhan Kose, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 71 (543,435)
Citation 1

Abstract:

Loading...

Benefits and Costs of Debt: The Dose Makes the Poison

CEPR Discussion Paper No. DP14439
Number of pages: 40 Posted: 03 Mar 2020
M. Ayhan Kose, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank and World Bank
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

debt sustainability, fiscal balance, Government Debt, optimal debt level, private debt

79.

Gyrations in Financial Markets

Number of pages: 29 Posted: 16 Jul 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 71 (536,354)
Citation 1

Abstract:

Loading...

80.

What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami

Downloads 69 (544,612)
Citation 3

What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami

CAMA Working Paper No. 99/2021
Number of pages: 36 Posted: 20 May 2022
M. Ayhan Kose, Peter Stephen Oliver Nagle, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank and World Bank
Downloads 67 (561,323)

Abstract:

Loading...

Fiscal balance, government debt, private debt, global recessions, resolution

What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami

CEPR Discussion Paper No. DP16775
Number of pages: 39 Posted: 11 Feb 2022
M. Ayhan Kose, Peter Stephen Oliver Nagle, Franziska Ohnsorge and Naotaka Sugawara
World Bank, World Bank, World Bank and World Bank
Downloads 2 (1,053,615)
  • Add to Cart

Abstract:

Loading...

fiscal balance, Global recessions, Government Debt, private debt, Resolution

81.

Why Do Fiscal Multipliers Depend on Fiscal Positions?

World Bank Policy Research Working Paper No. 8784
Number of pages: 43 Posted: 26 Mar 2019