Living with Global Shocks: Examining the Responses of Firms and Governments

In recent decades, greater globalization in the world economy has increased economic and financial interconnectedness among countries, governments, firms, and households, creating important benefits and opportunities, but also generating threats and risks. I examine three questions that aim to improve our understanding of how different economic agents react to global shocks: (1) How do governments' fiscal positions in commodity-exporting countries respond to commodity price shocks? (2) Do changes in institutions trigger fiscal responsibility, or do changes in fiscal behavior fuel changes in institutions to maintain that fiscal behavior? And (3) How did the corporate sector respond to the 2007-09 crisis?

Author

• Medina, Leandro

Language

• en

Keyword

• international finance
• fiscal institutions
• leverage
• fiscal policy
• corporate performance
• commodity prices

Date created

• 2012

Type of Work

• Dissertation

License

• All rights reserved

Rights statement

• In Copyright

GW Unit

• Economics

Degree

• Ph.D.

Advisor

• Kaminsky, Graciela L

Committee Member(s)

• Vegh, Carlos
• Wei, Chao
• Sinclair, Tara
• Samaniego, Roberto

Persistent URL

•  https://scholarspace.library.gwu.edu/etd/bc386j30k