Productivity growth—the key long-term driver of living standards—fell sharply following the
global financial crisis, adding to structural headwinds already blowing before the crisis, and …

In this paper, we investigate the link between windfall gains and losses of income
associated with commodity exports and economic performance in a panel of 45 sub …

Existen pocos sistemas de información centralizados sobre la evolución y composición del
gasto en inversión pública en la región de América Latina, lo cual resulta clave para el …

With the benefit of hindsight, this paper provides a fresh and comprehensive look at the
causes of the 2014-16 collapse in oil prices and its impact on the global economy. It …

The database contains three productivity variables: labor productivity levels, labor
productivity growth rates, and total factor productivity (TFP) growth rates for up to 172 …

The global financial crisis has brought increased attention to the consequences of
international reserves holdings. In an era of high financial integration, we investigate the …

This paper examines the effects of commodity demand and supply shocks as well as
international liquidity shocks on the small open economy of Brazil using an SVAR model …

Existing empirical studies have mainly focused on determinants of average investment
levels. Instead, we investigate episodes of accelerated capital stock growth having a …

This paper investigates the importance of real exchange rates on export volumes by
estimating a panel SVAR model using quarterly unbalanced panel data from 21 emerging …

Fluctuations in commodity prices and the US dollar exchange rate significantly affect the risk
of stagflation. Using quarterly data from 22 non-commodity export-dependent economies for …