The authors of this paper employ a set of sign restrictions on the generalized impulse responses of a Global VAR model, estimated for 38 countries/regions over the period 1979Q2–2011Q2, to discriminate between supply-driven and demand-driven oil-price shocks and to study the time profile of their macroeconomic effects for different countries. The results indicate [...]
Posted on October 29th, 2012
Although the global economic environment has deteriorated since the start of this year — impacting on the outlook for rapid-growth markets (RGMs) exports and their ability to attract foreign direct investment (FDI) — but this will be a temporary phenomenon, according to Ernst & Young’s quarterly Rapid-Growth Markets Forecast (RGMF).
Despite the [...]