Search Results - "OSTRY, JONATHAN D."

The impact of weather on COVID-19 pandemic by Ganslmeier, Michael, Furceri, Davide, Ostry, Jonathan D.

“…Rising temperature levels during spring and summer are often argued to enable lifting of strict containment measures even in the absence of herd immunity…”
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Two targets, two instruments: Monetary and exchange rate policies in emerging market economies by Ghosh, Atish R., Ostry, Jonathan D., Chamon, Marcos

“…This paper examines the case for using two instruments—the policy interest rate and sterilized foreign exchange market intervention—in emerging market…”
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The Economic Effects of COVID-19 Containment Measures by Deb, Pragyan, Furceri, Davide, Ostry, Jonathan D., Tawk, Nour

“…This paper examines the economic effects of COVID-19 containment measures using daily global data on containment measures, infections, and economic activity…”
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Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies by Ghosh, Atish R., Kim, Jun I., Mendoza, Enrique G., Ostry, Jonathan D., Qureshi, Mahvash S.

“…How high can public debt rise without compromising fiscal solvency? We answer this question using a stochastic model of sovereign default in which risk-neutral…”
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Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence by BLANCHARD, OLIVIER, OSTRY, JONATHAN D., GHOSH, ATISH R., CHAMON, MARCOS

“…The workhorse open economy macromodel suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging…”
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Capital Flows: Expansionary or Contractionary? by Blanchard, Olivier, Ostry, Jonathan D., Ghosh, Atish R., Chamon, Marcos

“…The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging…”
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Tools for managing financial-stability risks from capital inflows by Ostry, Jonathan D., Ghosh, Atish R., Chamon, Marcos, Qureshi, Mahvash S.

“…We examine whether macroprudential policies and capital controls can enhance financial stability in the face of the risks typically associated with large…”
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The effects of COVID-19 vaccines on economic activity by Deb, Pragyan, Furceri, Davide, Jiménez, Daniel, Kothari, Siddharth, Ostry, Jonathan David, Tawk, Nour

“…This paper empirically examines the economic effects of COVID-19 vaccine rollouts using a cross-country daily database of vaccinations and high-frequency…”
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The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data by FURCERI, DAVIDE, LOUNGANI, PRAKASH, OSTRY, JONATHAN D.

“…We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country‐…”
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Redistribution, inequality, and growth: new evidence by Berg, Andrew, Ostry, Jonathan D., Tsangarides, Charalambos G., Yakhshilikov, Yorbol

“…We investigate the relationship between inequality, redistribution, and growth using a recently-compiled dataset that distinguishes clearly between market…”
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The rise in inequality after pandemics: can fiscal support play a mitigating role? by Furceri, Davide, Loungani, Prakash, Ostry, Jonathan D, Pizzuto, Pietro

“…Abstract Major epidemics of the last two decades (SARS, H1N1, MERS, Ebola, and Zika) have been followed by increases in inequality [Furceri et al. (2020),…”
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The IMF’s journey on capital controls: what is the destination? by Ostry, Jonathan D

“…Abstract The International Monetary Fund’s Articles of Agreement give countries wide latitude to regulate cross-border capital movements, subject mainly to the…”
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What makes growth sustained? by Berg, Andrew, Ostry, Jonathan D., Zettelmeyer, Jeromin

“…We identify structural breaks in economic growth in 140 countries and use these to define “growth spells:” periods of high growth preceded by an upbreak and…”
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Shipping costs and inflation by Carrière-Swallow, Yan, Deb, Pragyan, Furceri, Davide, Jiménez, Daniel, Ostry, Jonathan D.

“…•Increases in shipping costs are followed by sizable increases in import prices, PPI, headline, and core inflation.•The impact is similar in magnitude but more…”
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Corporate investment and the real exchange rate by Dao, Mai Chi, Minoiu, Camelia, Ostry, Jonathan D.

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Creative destruction during crises: An opportunity for a cleaner energy mix by Deb, Pragyan, Furceri, Davide, Ostry, Jonathan D., Tawk, Nour

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Managing Capital Flows: What Tools to Use? by Jonathan D. Ostry

“…The use of capital controls is an old issue. It arose in the 1930s and is steeped with ideological overtones. It sparked controversy even at the inception of…”
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Growth‐equity trade‐offs in structural reforms by Ostry, Jonathan D., Berg, Andrew, Kothari, Siddharth

“…Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad…”
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Inequality and Unsustainable Growth: Two Sides of the Same Coin? by Berg, Andrew G., Ostry, Jonathan D.

“…The relationship between income inequality and economic growth is complex and the evidence mixed. This paper focuses on the connections between income…”
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When Do Capital Inflow Surges End in Tears? by Ghosh, Atish R., Ostry, Jonathan D., Qureshi, Mahvash S.

“…We investigate in a sample of 53 emerging markets over 1980-2014 whether countries with open capital accounts are necessarily at the mercy of global events, or…”
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