International Macroeconomics in the Wake of the Global Financial Crisis

Introduction.- Part I. Global Growth Slowdown: Supply-Side Factors.- The Productivity Slowdown and the Secular Stagnation Hypothesis.- Growth Potential in Emerging Countries.- What Are the Drivers of TFP Growth? An Empirical Assessment.- The Unintended Consequences of Globalization and Technological Progress.- Part II. Global Growth Slowdown: Demand-Side Explanations.- Trade Weakness: Cycle or Trend?.- The Role of Debt Dynamics in US Household Consumption.- Explaining Weak Investment Growth After the Great Recession: A Macro-Panel Analysis.- Part III. New Challenges for Monetary Policies at a Time of High Uncertainty, Low Inflation and Low Real Interest Rates.- Uncertainty Fluctuations: Measures, Effects and Macroeconomic Policy Challenges.- Determinants and Implications of Low Global Inflation Rates.- The Global Real Interest Rate: Past Developments and Outlook.- Part IV. Exchange Rate Shocks, Capital Flows and International Spillovers.- The Nature of the Shock Matters: Some Model-Based Results on the Macroeconomic Effects of Exchange Rate.- International Financial Flows in the New Normal: Key Patterns (and Why We Should Care).- International Spillovers of Non-Standard Monetary Policy: Evidence from Central and Eastern Europe.