Davide Furceri’s research while affiliated with International Monetary Fund and other places

... A large literature investigates exchange rate pass-through to inflation including in Singapore. Recent cross-country works include Caselli and Roitman (2019), Carrière-Swallow et al. (2023), andCheikh et al (2023), all putting an emphasis on state-dependent exchange rate passthrough. For instance, Cheikh et al. (2023) show that the exchange rate pass-through to consumer prices is high during periods of geopolitical tensions. ...

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Exchange Rate Pass-Through to Inflation in Singapore

... GEF is a measure of trade restrictions developed by Estefania-Flores et al. (2022). Their measures of trade restriction consist of four components, which are exchange restriction, payment restriction, import restriction, and export restriction. ...

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Impact of Geoeconomic Fragmentation on Macroeconomic Performance in West Africa: The Moderating Role of Governance

... These policies include financial incentives, regulatory mandates, and market facilitation mechanisms, all of which reduce investment risks and enhance the economic viability of renewable energy projects. Financial incentives, such as feed-in tariffs and tax credits, make renewable energy projects more economically viable, while R&D subsidies and technology-support instruments significantly boost green innovation, particularly in competitive markets [8], [9]. Regulatory mandates, including renewable energy portfolio standards and emissions trading systems like the EU Emissions Trading System, effectively drive renewable energy innovations, though their success varies by region and technology, necessitating tailored approaches [10]. ...

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Evaluation of the Effect of Green Energy Policy on Renewable Power Plant Investment in Indonesia

... These figures highlight that the building sector is crucial to achieving EU's energy and climate goals, and for this reason numerous European countries are actively working towards decreasing the energy usage and associated GHG emissions of their residential sector. However, attention is required in designing fair policies and setting their timing, since there is evidence that climate change policies may be associated with increased income inequality (Bettarelli et al., 2024;Gatto et al., 2023). ...

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The ‘Green buildings’ directive: A quantification of its costs and benefits in two Italian regions

... Treating a continuous variable as discrete introduces measurement error because a small error in accuracy when evaluating an observation can cause a large Alesina et al. (2019 ) show that, on average, governments that drastically reduce budget deficits are not systematically punished at the polls. Alesina et al. (2020 ) report evidence that voters punish tax-based (but not expenditure-based) fiscal adjustments. ...

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Structural Reforms and Electoral Outcomes: Evidence from a New World-Wide Dataset

... The study indicates that informality reduces the positive impact of GDP on increased investment by limiting the efficient allocation of public expenditure per capita among the population of African countries. Moreover, the study by Colombo et al. (2024), conducted for 142 countries, including Mexico, shows that expansive fiscal changes, associated with changes in relative prices, imply a shift of demand towards informality, affecting the multiplier effect of public expenditure. ...

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Informal Employment, the Tertiary Sector, and the Gross Domestic Product: A Structural Equations Model for the Mexican Economy

... While new technologies may not replace human resources, they do offer a potential avenue for implementing innovative and creative solutions. The use of technology affects the resilience of the economy (Copestake et al., 2024;Homayoun et al., 2024). Increased technological complexity promotes innovation and can strengthen regional economic resilience (He et al., 2023). ...

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Perception and use of new technologies in crafts education and craftsmanship among young craftsmen: a study of sustainable practices

... To curb soaring inflation since 2022, the Federal Reserve and other major central banks have frequently raised interest rates sharply and have continued to release the expectation of interest rate hikes, exacerbating global economic fluctuations and making world economy recovery more difficult. Arbatli-Saxegaard et al. (2024) provide new evidence on financial and real spillovers from changes in US interest rates on emerging markets and advanced economies, confirming that US monetary policy shocks have sizable spillover effects on financial conditions and economic activity, with larger effects on emerging market economies: a 100-basis point unanticipated monetary policy shock is estimated to increase long-term domestic bond yields in other countries by~25-35 basis points, with a higher pass-through for emerging market economies and during the period after the global financial crisis. Considering the effectiveness of monetary policy practices in Europe and the U.S., the "Quantitative Easing" monetary policy has increased the risk appetite of financial institutions, strengthened the willingness of commercial banks to bear risks to a certain extent and led to the precipitation and aggregation of risks in the financial system. ...

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Assessing China’s bank risk-taking: a study from the microeconomic and macroeconomic perspectives

... As noted by the literature, participation in global production networks promotes the diversification of assets, gives access to different assets not available locally and to new markets (Van Meeteren et al., 2016;Iammarino and McCann, 2013;Rodriguez-Pose and Fitjar, 2012). Moreover, the geographical fragmentation of networks allows connected local systems to reduce losses from asymmetric shocks and to avoid situations of entropic death or cognitive lock-in, thus ensuring an improved efficiency to the entire economic system (Bathelt et al., 2004;Boschma, 2005;Camagni, 1991;Frenken et al., 2007;Neal, 2011;Pain et al., 2016;Ter Wal & Boschma, 2011;Ter Wal and Boschma, 2011;Bettarelli et al., 2024). In other words, being part of a global network helps regions to develop and prosper. ...

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External relations, regional productivity, and exogenous shocks: lessons from the Italian experience

... In contrast with existing trade policy indicators, the MATR has a long-time coverage, is simple, and based on sensible, plausible, trade policy inputs obtained from a transparent and reliable source, which is easily accessible (for example, Campos et al., 2023). It has also been used in some recent studies (for example, Campos et al., 2023;Estefania-Flores et al., 2023;Hellwig, 2023;IMF, 2022;Kose et al. 2023). We have used available data to construct a panel dataset of 87 developing countries over the period from 1986 to 2020. ...

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The Membership in the World Trade Organization and Trade Policy Space in Developing Countries