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

SCHOLARLY PAPERS

104

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Rank 2,017

SSRN RANKINGS

Top 2,017

in Total Papers Downloads

22,821

SSRN CITATIONS
Rank 221

SSRN RANKINGS

Top 221

in Total Papers Citations

1,232

CROSSREF CITATIONS

2,142

Scholarly Papers (104)

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 2,591 (7,329)
Citation 25

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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 131 (301,190)

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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
World Bank, World Bank, World Bank and World Bank
Downloads 2,031 (11,043)
Citation 85

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

3.
Downloads 1,031 ( 30,796)
Citation 198

Financial Globalization: A Reappraisal

IMF Working Paper No. 06/189
Number of pages: 94 Posted: 03 Oct 2006
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 918 (35,794)

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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: 11 Feb 2022
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 80 (419,645)
Citation 13

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Financial Globalization: A Reappraisal

CEPR Discussion Paper No. 5842
Number of pages: 93 Posted: 16 Nov 2006
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 (626,341)
Citation 22
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Capital account liberalization, financial integration, growth and volatility, financial crises, developing countries

4.

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 813 (43,009)
Citation 16

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Understanding Financial Crises: Causes, Consequences, and Policy Responses

CAMA Working Paper 05/2013
Number of pages: 23 Posted: 19 Jul 2013
Bank for International Settlements (BIS), World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 782 (44,557)
Citation 41

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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
Bank for International Settlements (BIS), World Bank, European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 20 (724,399)
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asset price busts, banking crises, credit busts, currency crises, debt crises, defaults, global financial crisis, prediction of crises, restructuring, sudden stops, welfare cost

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 497 (80,005)
Citation 5

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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 215 (197,565)
Citation 3

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Financial integration, Globalization, Developing countries, Financial risk

7.

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 684 (54,012)
Citation 79

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Downloads 680 ( 54,426)
Citation 66

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 497 (80,005)

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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 177 (235,415)
Citation 27

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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 (862,770)
Citation 14
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business cycles, busts, credit crunches, equity prices, house prices, recessions

9.
Downloads 666 ( 55,857)
Citation 25

Financial Globalization and Economic Policies

IZA Discussion Paper No. 4037
Number of pages: 84 Posted: 02 Mar 2009
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 380 (109,601)
Citation 1

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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
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, World Bank and Columbia University - Columbia Business School, Finance
Downloads 275 (155,087)
Citation 4

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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
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 (809,175)
Citation 1
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capital account liberalization, financial globalization

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

IMF Working Paper No. 07/280
Number of pages: 59 Posted: 27 Dec 2007
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 342 (123,416)
Citation 1

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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
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 297 (143,296)
Citation 1

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

11.
Downloads 539 ( 73,072)
Citation 21

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 270 (158,070)
Citation 20

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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

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 261 (163,650)
Citation 2

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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

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 (840,756)
Citation 4
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asset booms, banking crises, credit booms, crises prediction, currency crises, debt crises, defaults, financial restructuring, policy implications, Sudden stops

12.

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 425 (97,125)
Citation 15

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Global financial crisis, Similarities, Differences, Cost, Recessions

13.
Downloads 403 (103,207)
Citation 97

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 187 (224,367)
Citation 1

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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 123 (315,899)
Citation 1

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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 53 (519,945)
Citation 2

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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 20 (724,399)
Citation 3

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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 15 (769,426)
Citation 1

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Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

Global Business Cycles: Convergence or Decoupling?

International Economic Review, Vol. 53, Issue 2, pp. 511-538, 2012
Number of pages: 28 Posted: 23 May 2012
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 5 (874,064)
Citation 21

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14.
Downloads 399 (104,459)
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 259 (164,948)

Abstract:

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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 84 (407,642)
Citation 2

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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 56 (506,861)

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

Negative Interest Rate Policies: Sources and Implications

World Bank Policy Research Working Paper No. 7791
Number of pages: 66 Posted: 09 Sep 2016
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 209 (202,878)

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

Negative Interest Rate Policies: Sources and Implications

CAMA Working Paper No. 52/2016
Number of pages: 73 Posted: 25 Aug 2016
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 161 (255,420)

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

Negative Interest Rate Policies: Sources and Implications

CEPR Discussion Paper No. DP11433
Number of pages: 74 Posted: 16 Aug 2016
World Bank, Development Prospects Group, World Bank, World Bank and Bank of Canada
Downloads 1 (930,537)
Citation 6
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developing countries, emerging markets, event study, financial stability, negative yields, quantitative easing; bank profitability, Unconventional Monetary Policy

16.
Downloads 356 (118,781)
Citation 3

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 229 (185,965)

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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 73 (442,300)

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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 54 (515,427)
Citation 2

Abstract:

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

17.

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 356 (118,781)
Citation 3

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

18.
Downloads 316 (134,943)

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 197 (214,254)

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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 119 (323,569)

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

19.

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 310 (137,743)
Citation 6

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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 226 (188,255)

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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 54 (515,427)

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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 23 (699,098)

Abstract:

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

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 128 (306,603)
Citation 8

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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 65 (470,710)
Citation 1

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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 64 (474,548)

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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: 04 Apr 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 45 (558,151)

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22.
Downloads 295 (145,027)
Citation 29

Financial Cycles: What? How? When?

IMF Working Paper No. 11/76
Number of pages: 41 Posted: 13 Apr 2011
affiliation not provided to SSRN, Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 288 (148,048)
Citation 2

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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 (851,721)
Citation 17
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asset busts, credit booms, credit cycles, crunches, equity prices, house prices

23.
Downloads 288 (148,776)
Citation 3

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 287 (148,589)
Citation 3

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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 (930,537)
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financial markets, global economy, global expansion, global recovery, Real activity, synchronization of cycles

24.

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 286 (149,812)
Citation 5

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Dynamics of Business Cycles in Asia: Differences and Similarities

Number of pages: 42 Posted: 21 Jun 2000
Sungkyunkwan University - Department of Economics, World Bank and Brandeis University - International Business School
Downloads 240 (177,772)
Citation 2

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Dynamics of Business Cycles in Asia: Differences and Similarities

Number of pages: 16 Posted: 04 Sep 2003
Sungkyunkwan University - Department of Economics, World Bank and Brandeis University - International Business School
Downloads 28 (660,381)

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26.

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 260 (164,903)
Citation 9

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

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 115 (331,496)
Citation 21

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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 102 (360,314)

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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 Apr 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 32 (632,676)
Citation 2

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28.

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
World Bank, World Bank, World Bank and World Bank
Downloads 248 (172,670)
Citation 8

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

29.

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 238 (179,711)
Citation 20

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

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
World Bank, World Bank, World Bank and World Bank
Downloads 234 (182,140)
Citation 16

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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
World Bank, World Bank, World Bank and World Bank
Downloads 1 (930,537)
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emerging markets, fiscal policy, growth slowdown, monetary policy, policy space, structural reforms

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 176 (236,606)

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

32.

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 224 (190,248)
Citation 3

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Trade shocks, dynamic stochastic quantitative trade model, African economies

33.

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 205 (206,797)
Citation 23

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International business cycles, globalization, transmission of macroeconomic fluctuations

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 106 (351,098)
Citation 4

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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 89 (393,353)

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

35.

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 195 (216,381)
Citation 5

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globalization, international trade and financial linkages, macroeconomic

36.

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
World Bank, Development Prospects Group, World Bank, World Bank and World Bank
Downloads 186 (225,417)
Citation 12

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

37.

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 186 (225,417)

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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 104 (355,660)
Citation 1

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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 76 (432,491)
Citation 31

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International trade, International business cycle comovement

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 155 (264,973)

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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 21 (715,956)
Citation 1

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

40.

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 170 (243,469)

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

41.

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
World Bank, World Bank and World Bank
Downloads 164 (250,879)
Citation 4

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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

Globalization, the Business Cycle, and Macroeconomic Monitoring

IMF Working Paper No. 11/25
Number of pages: 53 Posted: 07 Feb 2011
World Bank, University of Maryland - Department of Economics, International Monetary Fund (IMF) and University of Pennsylvania - Department of Economics
Downloads 119 (323,569)
Citation 3

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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 2022
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, World Bank and International Monetary Fund (IMF)
Downloads 30 (646,238)

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43.

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 146 (275,907)
Citation 1

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Capital Inflows: Macroeconomic Implications and Policy Responses

IMF Working Paper No. 09/40
Number of pages: 62 Posted: 23 Mar 2009
International Monetary Fund (IMF), International Monetary Fund (IMF) - Policy Development and Review Department and World Bank
Downloads 142 (282,966)
Citation 5

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Working Papers

Capital Inflows: Macroeconomic Implications and Policy Responses

Economic Systems, Vol. 34, No. 4, 2010
Posted: 30 Jul 2011
International Monetary Fund (IMF), International Monetary Fund (IMF) - Policy Development and Review Department and World Bank

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

45.

How Do Business and Financial Cycles Interact?

IMF Working Paper No. 11/88
Number of pages: 55 Posted: 26 Apr 2011
affiliation not provided to SSRN, Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
Downloads 136 (291,628)

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

46.

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 134 (294,892)

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

Global House Price Fluctuations: Synchronization and Determinants

IMF Working Paper No. 13/38
Number of pages: 48 Posted: 22 Feb 2013
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 71 (449,169)
Citation 1

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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
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 35 (613,790)
Citation 4

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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 2022
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 12 (799,064)
Citation 13

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48.

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 113 (333,768)
Citation 4

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Business cycles macroeconomic fluctuations volatility correlations globalization

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 88 (396,175)

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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 22 (707,580)

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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
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Globalization, inflation, monetary policy, Monetary Systems, prices

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 61 (486,334)

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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 48 (543,245)

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

51.
Downloads 106 (348,750)
Citation 3

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
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 57 (502,616)
Citation 3

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Debt and Financial Crises

CAMA Working Paper No. 9/2020
Number of pages: 58 Posted: 12 Feb 2020
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 48 (543,245)

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

Debt and Financial Crises

CEPR Discussion Paper No. DP14442
Number of pages: 60 Posted: 03 Mar 2020
World Bank, World Bank, World Bank, World Bank and World Bank
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banking crises, Currency Crises, Debt crises, External Debt, financial crises, private debt, public debt

52.

A Cross-Country Database of Fiscal Space

CAMA Working Paper No. 48/2017
Number of pages: 48 Posted: 04 Aug 2017
World Bank, World Bank, World Bank and World Bank
Downloads 105 (350,982)
Citation 2

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

53.

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 102 (357,707)

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

54.
Downloads 101 (360,043)
Citation 14

Do Fiscal Multipliers Depend on Fiscal Positions?

World Bank Policy Research Working Paper No. 7724
Number of pages: 39 Posted: 19 Jul 2016
World Bank, World Bank, World Bank and World Bank
Downloads 74 (439,029)

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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
World Bank, World Bank, World Bank and World Bank
Downloads 27 (667,702)

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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
World Bank, World Bank, World Bank and World Bank
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Fiscal multipliers; Fiscal position; State-dependency; Ricardian channel; Interest rate channel; Business cycle

Remittances Over the Business Cycle: Theory and Evidence

CAMA Working Paper No. 13/2016
Number of pages: 35 Posted: 30 Mar 2016
World Bank, World Bank, World Bank and International Monetary Fund (IMF)
Downloads 98 (370,012)
Citation 10

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

Remittances Over the Business Cycle: Theory and Evidence

Economic Notes, Vol. 48, Issue 3, pp. n/a-n/a, 2019
Number of pages: 18 Posted: 14 May 2020
World Bank, World Bank, World Bank and International Monetary Fund (IMF) - Fiscal Affairs Department
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acyclical, business cycles, remittances, sudden stops

56.

Weakness in Investment Growth: Causes, Implications and Policy Responses

CAMA Working Paper No. 19/2017
Number of pages: 75 Posted: 08 Mar 2017
World Bank, World Bank, World Bank and World Bank
Downloads 95 (374,321)

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

A mountain of debt: Navigating the legacy of the pandemic

CAMA Working Paper No. 90/2021
Number of pages: 40 Posted: 18 Oct 2021
World Bank, World Bank and World Bank
Downloads 88 (396,175)

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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
World Bank, World Bank and World Bank
Downloads 1 (930,537)
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COVID-19, Deficits, Fiscal policy, private debt, Sovereign debt

58.

Do Credit Shocks Matter? A Global Perspective

IMF Working Paper No. 10/261
Number of pages: 38 Posted: 01 Feb 2011
International Monetary Fund (IMF) - Middle East and Central Asia Department, affiliation not provided to SSRN, World Bank and University of Missouri
Downloads 83 (406,515)
Citation 14

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

Financial Globalization, Growth and Volatility in Developing Countries

NBER Working Paper No. w10942
Number of pages: 69 Posted: 26 May 2012 Last Revised: 27 May 2022
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, Columbia University - Columbia Business School, Finance and World Bank
Downloads 46 (553,074)
Citation 8

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Financial Globalization, Growth and Volatility in Developing Countries

Number of pages: 70 Posted: 15 Feb 2005
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 (607,701)
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Globalization, international financial linkages, macroeconomic volatility, growth

60.

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 80 (415,285)
Citation 3

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Business cycles, Emerging Markets, Recessions, Financial Disruptions

61.

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
World Bank, World Bank - Development Prospects Group, World Bank and World Bank
Downloads 78 (421,361)

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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

62.

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
Bentley University - Department of Economics, World Bank, University of Missouri and Federal Reserve Bank of St. Louis - Research Division
Downloads 77 (424,542)
Citation 6

Abstract:

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principal components, Kalman filter, data augmentation, business cycles

63.
Downloads 73 (437,094)

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 53 (519,945)

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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 20 (724,399)

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

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 46 (553,074)

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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
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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 (930,537)
Citation 11
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Business Cycles, China, EM7, external shocks, G7, Spillovers

65.
Downloads 67 (457,393)
Citation 2

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 48 (543,245)
Citation 2

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

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 19 (733,034)

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

66.

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 65 (464,400)

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

67.
Downloads 62 (475,487)
Citation 4

Inflation Expectations: Review and Evidence

World Bank Policy Research Working Paper No. 8785
Number of pages: 63 Posted: 26 Mar 2019
World Bank, Ministry of Finance - Japan - Policy Research Institute, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and World Bank
Downloads 61 (486,334)
Citation 4

Abstract:

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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
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 (930,537)
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developing economies, emerging markets, inflation, Inflation expectations, monetary policy

68.

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
World Bank, World Bank, World Bank and World Bank
Downloads 57 (494,830)

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International Trade and Trade Rules

69.

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 56 (498,878)
Citation 1

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70.

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 50 (524,421)

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

71.

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 50 (524,421)
Citation 2

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Weakness in Investment Growth: Causes, Implications and Policy Responses

World Bank Policy Research Working Paper No. 7990
Number of pages: 75 Posted: 13 Mar 2017 Last Revised: 03 Aug 2017
World Bank, World Bank, World Bank and World Bank
Downloads 50 (533,763)

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

Weakness in Investment Growth: Causes, Implications and Policy Responses

CEPR Discussion Paper No. DP11886
Number of pages: 76 Posted: 16 Mar 2017
World Bank, World Bank, World Bank and World Bank
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emerging markets, infrastructure investment, investment slowdown, policies, policy space

73.

Why Do Fiscal Multipliers Depend on Fiscal Positions?

World Bank Policy Research Working Paper No. 8784
Number of pages: 43 Posted: 26 Mar 2019
World Bank, World Bank, World Bank and World Bank
Downloads 49 (528,820)

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Public Finance Decentralization and Poverty Reduction, Macro-Fiscal Policy, Public Sector Economics, Economic Adjustment and Lending, Macroeconomics and Economic Growth, Economic Policy, Institutions and Governance, Fiscal & Monetary Policy, Macroeconomic Management, Financial Crisis Management & Restructuring

74.

Emerging and Developing Economies: Ten Years after the Global Recession

World Bank Policy Research Working Paper No. 9148
Number of pages: 55 Posted: 14 Feb 2020 Last Revised: 15 Feb 2020
M. Ayhan Kose and Franziska Ohnsorge
World Bank and World Bank
Downloads 47 (537,868)

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75.

What are the Driving Forces of International Business Cycles?

NBER Working Paper No. w14380
Number of pages: 41 Posted: 08 Oct 2008 Last Revised: 18 Apr 2021
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 46 (542,635)
Citation 5

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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 23 (699,098)

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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 22 (707,580)

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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
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Business cycle, Informal economy, Self-employment

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
World Bank, World Bank, World Bank and World Bank
Downloads 41 (579,298)

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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
World Bank, World Bank, World Bank and World Bank
Downloads 2 (913,925)
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fiscal balance, Global recessions, Government Debt, private debt, Resolution

78.
Downloads 43 (557,173)
Citation 9

Subdued Potential Growth: Sources and Remedies

World Bank Policy Research Working Paper No. 9177
Number of pages: 36 Posted: 11 Mar 2020
World Bank, World Bank and World Bank
Downloads 28 (660,381)
Citation 4

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Subdued Potential Growth: Sources and Remedies

CAMA Working Paper No. 24/2020
Number of pages: 36 Posted: 17 Mar 2020
World Bank, World Bank and World Bank
Downloads 15 (769,426)

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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
World Bank, World Bank and World Bank
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Citation 5
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Advanced economies, emerging market and developing economies, Potential growth, Potential Output

How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence

World Bank Policy Research Working Paper No. 7659
Number of pages: 27 Posted: 17 May 2016
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
Downloads 30 (646,238)

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Consumption, Debt Markets, Inequality, Economic Theory & Research, Emerging Markets

How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence

CAMA Working Paper No. 22/2016
Number of pages: 27 Posted: 04 May 2016
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
Downloads 12 (799,064)

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Consumption Sensitivity, Financial Integration, Risk Sharing, Intertemporal Smoothing

80.

Can this Time be Different? Policy Options in Times of Rising Debt

CAMA Working Paper No. 23/2020
Number of pages: 42 Posted: 17 Mar 2020
World Bank, World Bank, World Bank and World Bank
Downloads 40 (572,445)

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Financial crises, currency crises, debt crises, banking crises, public debt, private debt, external debt.

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
World Bank, World Bank and World Bank
Downloads 39 (590,297)
Citation 1

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Benefits and Costs of Debt: The Dose Makes the Poison

CEPR Discussion Paper No. DP14439
Number of pages: 40 Posted: 03 Mar 2020
World Bank, World Bank and World Bank
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Citation 3
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debt sustainability, fiscal balance, Government Debt, optimal debt level, private debt

82.
Downloads 38 (582,826)
Citation 1

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 24 (691,046)

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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
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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 2022
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 4 (886,276)

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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
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Citation 1
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Common Shocks, Dynamic factor models, Global business cycles, global financial cycles, International spillovers

83.

The Global Role of the United States and China

Seoul Journal of Economics, Vol. 33, No. 3, 2020
Number of pages: 24 Posted: 21 Oct 2020
World Bank, World Bank, World Bank and World Bank
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United States, China, Spillovers, Uncertainty, Trade, Business Cycles, Global Economy

84.

Can this Time Be Different? Policy Options in Times of Rising Debt

World Bank Policy Research Working Paper No. 9178
Number of pages: 42 Posted: 11 Mar 2020
World Bank, World Bank, World Bank and World Bank
Downloads 35 (599,565)

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85.
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The Aftermath of Debt Surges

CAMA Working Paper No. 81/2021
Number of pages: 35 Posted: 24 Sep 2021
World Bank, World Bank, National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and Harvard University - Department of Economics
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Debt restructuring, growth, inflation, fiscal consolidation, financial repression, wealth taxes

The Aftermath of Debt Surges

NBER Working Paper No. w29266
Number of pages: 34 Posted: 20 Sep 2021 Last Revised: 20 May 2022
World Bank, World Bank, National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and Harvard University - Department of Economics
Downloads 2 (913,925)
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The Aftermath of Debt Surges

CEPR Discussion Paper No. DP16537
Number of pages: 37 Posted: 22 Sep 2021
World Bank, World Bank, National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics and Harvard University - Department of Economics
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debt restructuring, financial repression, fiscal consolidation, growth, inflation, Wealth Taxes

86.

Understanding the Welfare Implications of Preferential Trade Agreements

Number of pages: 15 Posted: 01 Jul 2004
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics
Downloads 30 (629,666)

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What Types of Capital Flows Help Improve International Risk Sharing?

Journal of International Money and Finance, Vol. 122, No. 102544, 2022
Number of pages: 21 Posted: 01 Feb 2022
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
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Capital flows, Remittances, Aid flows, International risk sharing

What types of capital flows help improve international risk sharing?

CAMA Working Paper No. 96/2021
Number of pages: 23 Posted: 30 Nov 2021
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
Downloads 6 (862,770)

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capital flows, remittances, aid flows, international risk sharing

What Types of Capital Flows Help Improve International Risk Sharing?

CEPR Discussion Paper No. DP16749
Number of pages: 24 Posted: 04 Feb 2022
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
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aid flows, Capital Flows, International Risk Sharing, Remittances

88.

Why Do Fiscal Multipliers Depend on Fiscal Positions?

CAMA Working Paper No. 28/2019
Number of pages: 43 Posted: 27 Mar 2019
International Monetary Fund, World Bank, ESSEC Business School and World Bank
Downloads 18 (717,737)
Citation 5

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fiscal multipliers, fiscal position, state-dependency, Ricardian channel, interest rate channel, business cycle

89.

How Might CAFTA Change Macroeconomic fluctuations in Central America? Lessons From NAFTA

Journal of Asian Economics, Vol. 16, 2005
Number of pages: 32 Posted: 28 Oct 2019
Alessandro Rebucci and M. Ayhan Kose
Johns Hopkins University - Carey Business School and World Bank
Downloads 15 (743,185)

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Macroeconomic fluctuations, Regional integration, Volatility, NAFTA, CAFTA

90.

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

Number of pages: 24 Posted: 29 Apr 2022
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
Downloads 6 (829,960)

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

91.

How Do Business and Financial Cycles Interact?

CEPR Discussion Paper No. DP8396
Number of pages: 55 Posted: 26 May 2011
Stijn Claessens, M. Ayhan Kose and Marco E. Terrones
Bank for International Settlements (BIS), World Bank and International Monetary Fund (IMF)
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Citation 46
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asset busts, booms, credit crunches, financial crises, recessions, recoveries

92.

Global Stagflation

Number of pages: 47
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
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Inflation, growth, COVID-19, global recession, monetary policy, fiscal policy, disinflation

93.

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

94.

Can this Time Be Different? Policy Options in Times of Rising Debt

CEPR Discussion Paper No. DP14528
Number of pages: 44 Posted: 25 Mar 2020 Last Revised: 06 May 2020
World Bank, World Bank, World Bank and World Bank
Downloads 1 (890,552)
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banking crises, Currency Crises, Debt crises, External Debt, financial crises, private debt, public debt