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

103

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Top 2,065

in Total Papers Downloads

20,617

SSRN CITATIONS
Rank 204

SSRN RANKINGS

Top 204

in Total Papers Citations

1,236

CROSSREF CITATIONS

2,327

Scholarly Papers (103)

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 2,588 (6,479)
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?

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 (276,820)

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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 1,849 (11,390)
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 1,023 ( 28,004)
Citation 198

Financial Globalization: A Reappraisal

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 Business School - Finance and Economics
Downloads 913 (32,447)

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

Financial Globalization: A Reappraisal

Number of pages: 91 Posted: 30 Aug 2006 Last Revised: 13 Aug 2021
World Bank, Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics and Columbia Business School - Finance and Economics
Downloads 77 (395,646)
Citation 13

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Financial Globalization: A Reappraisal

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 Business School - Finance and Economics
Downloads 33 (580,091)
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 693 (47,995)
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 670 (49,496)
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

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 (670,892)
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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

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 481 (75,335)
Citation 3

Abstract:

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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

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 205 (188,926)
Citation 3

Abstract:

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Financial integration, Globalization, Developing countries, Financial risk

7.
Downloads 660 ( 51,035)
Citation 25

Financial Globalization and Economic Policies

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 Business School - Finance and Economics
Downloads 376 (100,685)
Citation 1

Abstract:

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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 Business School - Finance and Economics
Downloads 273 (142,753)
Citation 4

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development, developing countries, global economics, global economic crisis

Financial Globalization and Economic Policies

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 Business School - Finance and Economics
Downloads 11 (745,039)
Citation 1
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capital account liberalization, financial globalization

8.
Downloads 658 ( 51,274)
Citation 66

What Happens During Recessions, Crunches, and Busts?

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 482 (75,131)

Abstract:

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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 170 (223,472)
Citation 27

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

What Happens during Recessions, Crunches and Busts?

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 (788,113)
Citation 14
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business cycles, busts, credit crunches, equity prices, house prices, recessions

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 644 (52,762)
Citation 79

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

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 338 (113,572)
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 295 (131,621)
Citation 1

Abstract:

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

11.
Downloads 499 ( 72,740)
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 262 (148,857)
Citation 20

Abstract:

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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

Number of pages: 67 Posted: 22 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 229 (170,032)
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

Number of pages: 67 Posted: 05 Feb 2013
Stijn Claessens and M. Ayhan Kose
Bank for International Settlements (BIS) and World Bank
Downloads 8 (770,852)
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.
Downloads 394 ( 96,099)
Citation 5

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 255 (153,010)

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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 (375,606)
Citation 3

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

Regionalization vs. Globalization

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 55 (472,629)

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

13.
Downloads 394 ( 96,099)
Citation 97

Global Business Cycles: Convergence or Decoupling?

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 (205,483)
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 122 (292,117)
Citation 1

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Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

Global Business Cycles: Convergence or Decoupling?

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 50 (493,619)
Citation 2

Abstract:

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

Global Business Cycles: Convergence or Decoupling?

Number of pages: 53 Posted: 08 Oct 2008 Last Revised: 22 Jul 2021
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 19 (678,836)
Citation 3

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Global Business Cycles: Convergence or Decoupling?

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 14 (719,453)
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 2 (824,527)
Citation 21
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14.

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 389 (97,577)
Citation 14

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Global financial crisis, Similarities, Differences, Cost, Recessions

15.

How Has NAFTA Affected the Mexican Economy? Review and Evidence

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 349 (110,263)
Citation 3

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

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 World Bank
Downloads 190 (202,636)

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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 World Bank
Downloads 142 (259,859)

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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

Number of pages: 74 Posted: 16 Aug 2016
World Bank, Development Prospects Group, World Bank, World Bank and World Bank
Downloads 1 (837,877)
Citation 6
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developing countries, emerging markets, event study, financial stability, negative yields, quantitative easing; bank profitability, Unconventional Monetary Policy

17.

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 305 (127,676)
Citation 6

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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 123 (290,333)
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

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 (438,344)

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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

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 63 (441,985)
Citation 1

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international finance, developing countries, financial institutions, global economics

Thresholds in the Process of International Financial Integration

Number of pages: 50 Posted: 29 Apr 2009 Last Revised: 07 Oct 2021
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 42 (531,050)

Abstract:

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19.
Downloads 284 (137,625)
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 173 (220,118)

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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 67 (427,831)

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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 44 (521,289)
Citation 1

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

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

20.

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 284 (137,625)
Citation 5

Abstract:

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21.
Downloads 283 (138,083)
Citation 30

Financial Cycles: What? How? When?

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 276 (141,128)
Citation 2

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

Financial Cycles: What? How? When?

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 (779,491)
Citation 17
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asset busts, credit booms, credit cycles, crunches, equity prices, house prices

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 239 (163,107)
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 (611,622)
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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 184 (209,554)

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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 49 (497,917)

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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 19 (678,836)

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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

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

24.

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

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 251 (156,031)
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 113 (308,700)
Citation 21

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

Does Openness to International Financial Flows Raise Productivity Growth?

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 101 (333,694)

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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?

Number of pages: 45 Posted: 15 Jan 2009 Last Revised: 13 Oct 2021
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 31 (592,101)
Citation 2

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26.

The Trade Comovement Problem in International Macroeconomics

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 231 (169,039)
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 223 (174,508)
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?

Number of pages: 65 Posted: 27 Jan 2016
World Bank, World Bank, World Bank and World Bank
Downloads 1 (837,877)
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emerging markets, fiscal policy, growth slowdown, monetary policy, policy space, structural reforms

28.

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 222 (175,649)
Citation 3

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Trade shocks, dynamic stochastic quantitative trade model, African economies

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 169 (224,551)

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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
Downloads 48 (502,494)

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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

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

30.

Understanding the Evolution of World Business Cycles

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 200 (193,565)
Citation 23

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International business cycles, globalization, transmission of macroeconomic fluctuations

31.
Downloads 193 (199,825)
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 192 (200,693)
Citation 3

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

Global Recessions

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 (837,877)
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financial markets, global economy, global expansion, global recovery, Real activity, synchronization of cycles

32.

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

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 192 (200,792)
Citation 5

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globalization, international trade and financial linkages, macroeconomic

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 101 (333,694)
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?

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 86 (370,177)

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

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

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 96 (344,991)
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?

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 74 (404,798)
Citation 31

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International trade, International business cycle comovement

35.

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 154 (242,547)
Citation 8

Abstract:

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

36.

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 154 (242,547)

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37.

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 145 (254,780)
Citation 1

Abstract:

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Globalization, the Business Cycle, and Macroeconomic Monitoring

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 116 (302,867)
Citation 3

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

Number of pages: 52 Posted: 16 Aug 2010 Last Revised: 15 Jun 2020
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, World Bank and International Monetary Fund (IMF)
Downloads 28 (611,622)

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39.

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 139 (263,478)
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

40.

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 132 (274,244)

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

41.

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 130 (277,308)
Citation 12

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

42.

How Do Business and Financial Cycles Interact?

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 129 (278,973)

Abstract:

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

Capital Inflows: Macroeconomic Implications and Policy Responses

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 126 (285,166)
Citation 5

Abstract:

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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

Abstract:

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

Global House Price Fluctuations: Synchronization and Determinants

Number of pages: 48 Posted: 22 Feb 2013
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 71 (414,419)
Citation 1

Abstract:

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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 33 (580,091)
Citation 3

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Monetary policy, interest rates, business cycles, financial cycles

Global House Price Fluctuations: Synchronization and Determinants

Number of pages: 44 Posted: 08 Sep 2012 Last Revised: 04 Sep 2021
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 12 (736,462)
Citation 13

Abstract:

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45.

Volatility and Comovement in a Globalized World Economy An Empirical Exploration

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 (307,074)
Citation 4

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Business cycles macroeconomic fluctuations volatility correlations globalization

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 (449,277)

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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?

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 47 (507,170)

Abstract:

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

47.
Downloads 101 (331,400)
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 (404,798)

Abstract:

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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 (618,406)

Abstract:

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

Do Fiscal Multipliers Depend on Fiscal Positions?

Number of pages: 40 Posted: 27 Jun 2016
World Bank, World Bank, World Bank and World Bank
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Citation 12
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Fiscal multipliers; Fiscal position; State-dependency; Ricardian channel; Interest rate channel; Business cycle

48.
Downloads 98 (337,916)
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 53 (480,770)
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 44 (521,289)

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

Debt and Financial Crises

Number of pages: 60 Posted: 03 Mar 2020
World Bank, World Bank, World Bank, World Bank and World Bank
Downloads 1 (837,877)
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banking crises, Currency Crises, Debt crises, External Debt, financial crises, private debt, public debt

49.

Economic Integration, Business Cycle, and Productivity in North America

Number of pages: 47 Posted: 15 Feb 2006
M. Ayhan Kose
World Bank
Downloads 98 (337,916)

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

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 93 (352,148)
Citation 8

Abstract:

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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

51.

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 84 (372,151)

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

52.

Do Credit Shocks Matter? A Global Perspective

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 81 (380,253)
Citation 14

Abstract:

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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

Number of pages: 69 Posted: 26 May 2012 Last Revised: 26 Nov 2021
Cornell University - Dyson School of Applied Economics and Management, Harvard University - Department of Economics, Columbia Business School - Finance and Economics and World Bank
Downloads 44 (521,289)
Citation 8

Abstract:

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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 Business School - Finance and Economics and World Bank
Downloads 36 (562,808)
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Globalization, international financial linkages, macroeconomic volatility, growth

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 66 (431,329)

Abstract:

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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 12 (736,462)
Citation 1

Abstract:

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

55.

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 76 (394,441)

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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

56.

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 74 (400,365)
Citation 3

Abstract:

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Business cycles, Emerging Markets, Recessions, Financial Disruptions

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 54 (476,602)

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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 18 (686,720)

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Prices, Inflation, Monetary Systems, Monetary Policy, Globalization

Understanding Inflation in Emerging and Developing Economies

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

58.

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

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 68 (419,180)
Citation 6

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principal components, Kalman filter, data augmentation, business cycles

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 45 (516,513)

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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
Downloads 21 (663,124)

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

How Important are Spillovers from Major Emerging Markets?

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 (837,877)
Citation 11
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Business Cycles, China, EM7, external shocks, G7, Spillovers

60.
Downloads 63 (443,039)

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 38 (557,171)

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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 25 (647,748)

Abstract:

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

Understanding Informality

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

61.
Downloads 61 (443,039)

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 44 (521,289)

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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 17 (694,588)

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

Global Inflation Synchronization

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

62.

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 55 (465,246)

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International Trade and Trade Rules

63.

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 54 (469,072)
Citation 2

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

64.

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 52 (476,999)

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

65.

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 51 (481,083)
Citation 1

Abstract:

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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 (493,619)

Abstract:

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

Weakness in Investment Growth: Causes, Implications and Policy Responses

Number of pages: 76 Posted: 16 Mar 2017
World Bank, World Bank, World Bank and World Bank
Downloads 0
Citation 6
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emerging markets, infrastructure investment, investment slowdown, policies, policy space

67.
Downloads 46 (502,421)
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 45 (516,513)
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

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 (837,877)
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developing economies, emerging markets, inflation, Inflation expectations, monetary policy

68.

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 45 (506,804)

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69.

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 45 (506,804)

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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

70.

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 44 (511,284)
Citation 2

Abstract:

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71.

What are the Driving Forces of International Business Cycles?

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 42 (520,481)
Citation 5

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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 (598,387)

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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 11 (745,039)

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Consumption Sensitivity, Financial Integration, Risk Sharing, Intertemporal Smoothing

73.

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 39 (534,884)

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

74.
Downloads 39 (534,884)
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 27 (618,406)
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 12 (736,462)

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

Subdued Potential Growth: Sources and Remedies

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

75.
Downloads 35 (555,406)
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 23 (647,748)

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

Global Macro-Financial Cycles and Spillovers

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 9 (762,284)

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

Global Macro-Financial Cycles and Spillovers

Number of pages: 81 Posted: 02 Mar 2020 Last Revised: 22 Sep 2021
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 3 (813,853)

Abstract:

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Global Macro-Financial Cycles and Spillovers

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

76.

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 33 (566,249)

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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 32 (586,012)
Citation 1

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Benefits and Costs of Debt: The Dose Makes the Poison

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

78.
Downloads 31 (577,318)
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 21 (663,124)
Citation 2

Abstract:

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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 10 (753,589)

Abstract:

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

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 29 (604,905)

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

A Mountain of Debt: Navigating the Legacy of the Pandemic

Number of pages: 41 Posted: 15 Nov 2021
World Bank, World Bank and World Bank
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COVID-19, Deficits, Fiscal policy, private debt, Sovereign debt

80.

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 28 (595,224)
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81.

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

Number of pages: 26 Posted: 15 Feb 2003
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics
Downloads 26 (607,938)
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82.
Downloads 25 (614,574)

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 GovernmentPeter G. Peterson 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

Number of pages: 34 Posted: 20 Sep 2021 Last Revised: 18 Nov 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 GovernmentPeter G. Peterson Institute for International Economics and Harvard University - Department of Economics
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The Aftermath of Debt Surges

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 GovernmentPeter G. Peterson Institute for International Economics and Harvard University - Department of Economics
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debt restructuring, financial repression, fiscal consolidation, growth, inflation, Wealth Taxes

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

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
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Informal economy, self-employment, business cycle.

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
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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: 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

85.

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
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Macroeconomic fluctuations, Regional integration, Volatility, NAFTA, CAFTA

86.

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 13 (701,504)
Citation 5

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

87.

How Do Business and Financial Cycles Interact?

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

88.

Implications of Negative Interest Rate Policies: An Early Assessment

Pacific Economic Review, Vol. 23, Issue 1, pp. 8-26, 2018
Number of pages: 19 Posted: 20 Feb 2018
World Bank, Development Prospects Group, World Bank, World Bank and World Bank
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Citation 6
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89.

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

Number of pages: 44 Posted: 25 Mar 2020 Last Revised: 06 May 2020
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

90.

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
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capital flows, remittances, aid flows, international risk sharing

91.

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

Number of pages: 50 Posted: 14 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
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92.

One-Stop Source: A Global Database of Inflation

Number of pages: 42 Posted: 14 Jul 2021
Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge
World Bank, World Bank and World Bank
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93.

Emerging and Developing Economies: Ten Years after the Global Recession

Number of pages: 56 Posted: 03 Mar 2020
M. Ayhan Kose and Franziska Ohnsorge
World Bank and World Bank
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economic integration, financial crises, International Business Cycles, Macroeconomic Policy

94.

Why Do Fiscal Multipliers Depend on Fiscal Positions?

Number of pages: 44 Posted: 09 Apr 2019
International Monetary Fund, World Bank, ESSEC Business School and World Bank
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Fiscal multipliers, fiscal position, interest rate, Ricardian channel, state-dependency

95.

A Cross-Country Database of Fiscal Space

Number of pages: 49 Posted: 11 Aug 2017
World Bank, World Bank, World Bank and World Bank
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Citation 17
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financial crises, fiscal deficit, Fiscal policy, oil prices, private debt, Sovereign debt

96.

From the Global to the National Cycle: An Intricate Liaison

Pacific Economic Review, Vol. 18, Issue 3, pp. 370-402, 2013
Number of pages: 33 Posted: 06 Aug 2013
M. Ayhan Kose, Prakash Loungani and Marco E. Terrones
World Bank, International Monetary Fund (IMF) and International Monetary Fund (IMF)
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97.

Integration and Fluctuations: The Case of MENA

Emerging Markets Finance and Trade, Vol. 40, No. 6, pp. 48-67, November-December 2004
Posted: 18 Oct 2005
Hideaki Hirata, Sunghyun Henry Kim and M. Ayhan Kose
Hosei University, Sungkyunkwan University - Department of Economics and World Bank

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Business cycles, globalization, macroeconomic fluctuations, MENA

98.

Financial Integration and Macroeconomic Volatility

International Monetary Fund Staff Papers, Forthcoming
Posted: 22 May 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)

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

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100.

Understanding the Welfare Implications of "Preferential Trade Agreements"

Posted: 06 Aug 1998
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics

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101.

External Shocks and Economic Dynamics: The Case of African Countries

University of Iowa Working Paper No. 155
Posted: 08 May 1998
M. Ayhan Kose and Raymond G. Riezman
World Bank and Aarhus University - Department of Economics and Business Economics

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102.

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
Ergys Islamaj and M. Ayhan Kose
World Bank and World Bank
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Capital flows, Remittances, Aid flows, International risk sharing

103.

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

World Bank Policy Research Working Paper No. 9871
Number of pages: 38
World Bank, World Bank, World Bank and World Bank
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Fiscal balance, government debt, private debt, global recessions, resolution