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Annual Conference

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International Macroeconomics, Money & Banking

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May 2021

Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges

Joshua AIZENMAN, Hiro ITO
We outline two divergent exit strategies of the U.S. from the post COVID-19 debt-overhang, and analyze their implications on Emerging Markets and global stability. The first strategy is the U.S. aiming at returning to the 2019, pre-COVID mode of loose fiscal policy and accommodating monetary policy....
Keywords: COVID-19, interest rate, public debt, growth rate
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Annual Conference

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International Macroeconomics, Money & Banking

|

May 2014

China's Growth, Stability, and Use of International Reserves

Joshua AIZENMAN, Yothin JINJARAK, Nancy P. MARION
Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post-crisis suggests a structural change. Panel regressions for a samp...
Keywords: International reserves, current-account imbalances, financial crisis
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