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1877 Results

June 30, 2017

Business Outlook Survey - Summer 2017

Responses to the summer Business Outlook Survey suggest that business activity is continuing to gain momentum, buoyed by indications that domestic demand will improve further. Positive business prospects are increasingly widespread across regions and sectors.

Terms-of-Trade and House Price Fluctuations: A Cross-Country Study

Staff working paper 2017-1 Paul Corrigan
Terms-of-trade shocks are known to be key drivers of business cycles in open economies. This paper argues that terms-of-trade shocks were also important for house price fluctuations in a panel of developed countries over the 1994–2015 period.

Global Macro Risks in Currency Excess Returns

Staff working paper 2016-32 Kimberly Berg, Nelson C. Mark
We study a cross section of carry-trade-generated currency excess returns in terms of their exposure to global fundamental macroeconomic risk.
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