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Output Drops and the Shocks That Matter / / Paolo Mauro, Torbjorn Becker



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Autore: Mauro Paolo Visualizza persona
Titolo: Output Drops and the Shocks That Matter / / Paolo Mauro, Torbjorn Becker Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica: 1 online resource (43 p.)
Soggetto topico: Economic development
Input-output analysis
Exports and Imports
Finance: General
Financial Risk Management
Macroeconomics
General Financial Markets: General (includes Measurement and Data)
International Investment
Long-term Capital Movements
Financial Crises
Empirical Studies of Trade
Foreign Exchange
International economics
Economic & financial crises & disasters
Finance
Emerging and frontier financial markets
Sudden stops
Financial crises
Terms of trade
Currency crises
Financial services industry
Capital movements
Economic policy
nternational cooperation
Soggetto geografico: United States
Altri autori: BeckerTorbjorn  
Note generali: "July 2006".
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: ""Contents""; ""I. MOTIVATION AND RELATED STUDIES""; ""II. OUTPUT DROPS""; ""III. SHOCKS""; ""IV. MULTIVARIATE PROBIT ANALYSIS""; ""V. ROBUSTNESS AND EXTENSIONS""; ""VI. CONCLUSIONS""; ""APPENDIX TABLES AND FIGURES""; ""APPENDIX I. HODRICK-PRESCOTT-FILTER BASED DEFINITION OF EVENTS""; ""APPENDIX II. KERNEL DENSITY PLOTS: OUTPUT DROPS AND 1970 PER CAPITA GDP""; ""APPENDIX III. DATA SOURCES AND DEFINITIONS""; ""REFERENCES""
Sommario/riassunto: Output drops are usually associated with major disruption for the residents of affected countries, both directly and often through ensuing, prolonged growth slowdowns. Using a century of data, we document that output drops are more frequent in countries at a lower stage of economic development. We then turn to a more in-depth analysis of the post-1970 era, examining output drops in a large panel of countries, and systematically relating them to a variety of shocks. We compute the expected cost of each type of shock as a function of the shock's frequency, the likelihood that the shock will be associated with a drop in output, and the size of the output drop. The largest costs are associated with external financial shocks (notably, sudden stops in financial flows) for emerging markets, and with real external shocks (in particular, terms-of-trade shocks) for developing countries.
Titolo autorizzato: Output Drops and the Shocks That Matter  Visualizza cluster
ISBN: 1-4623-4475-5
1-4527-8041-2
1-283-51807-4
1-4519-8695-5
9786613830524
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788695003321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2006/172