Otaviano Canuto on Globalization and Technological Learning

 Partie 1. Le ralentissement économique de la Chine : une transition inquiétante  L’incertitude sur les marchés financiers, la transition de l’économie chinoise vers un modèle de croissance moins extraverti et le ralentissement du rythme de la croissance des pays émergents, sont autant de facteurs qui fragilisent considérablement une croissance mondiale durable et synchronisée. Dans ce contexte, l’OCP Policy Center a tenu une table ronde animée par Patrick Artus, Economiste en Chef ...

Discrepancies in output fluctuations between emerging and developed economies are well documented in the literature. Differences however within developing economies have not been sufficiently scrutinised. This paper argues that global and regional shocks primarily drive the business cycle in emerging economies, and provides estimated results for cycle variance decomposition. The paper also offers a theoretical framework to check on the set of stylized facts common and specific to em ...

If one opens the newspapers nowadays, Brazil will come out as a melting opportunity. The country is currently facing its largest economic crisis, mostly resulting from a negative political environment where the current Administration has been deeply swollen by Brazil´s largest corruption scandal, the so-called Lava Jato (Car Wash) Operations, whose investigations have brought to light the fact that billions of US$ dollars were being used for campaign financing, illicit enrichment an ...

Q: The U.S. Federal Reserve on Dec. 16 raised interest rates, ending what Fed Chairwoman Janet Yellen called an “extraordinary seven-year period” during which policymakers kept the federal funds rate near zero in an effort to support the economy. How will the Fed’s action affect Latin American economies, many of which are struggling with anemic growth and low prices for their commodity exports? How will the interest rate hike affect Latin American countries’ ability to pay off their ...