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Vehicle currency
Devereux, Michael B.; Shi, Shouyong - Federal Reserve Bank of Dallas - 2008
existence, the size of the vehicle currency economy, and the monetary policy followed by the vehicle currency's government. We …
Persistent link: https://www.econbiz.de/10005367962
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Oil shocks through international transport costs: evidence from U.S. business cycles
Yilmazkuday, Hakan - Federal Reserve Bank of Dallas - 2011
The effects of oil shocks on output volatility through international transport costs are investigated in an open-economy ….S. economy by a Bayesian approach for moving windows of ten years. For model selection, the posterior odds ratios of the two …
Persistent link: https://www.econbiz.de/10009292928
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A perspective on Mexico
Fisher, Richard W. - Federal Reserve Bank of Dallas - 2006
in Mexico is a loss for the entire border economy, where so much of our growth is linked to expansion on the more …
Persistent link: https://www.econbiz.de/10010723078
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Financial globalization, financial frictions and optimal monetary policy
Faia, Ester; Iliopulos, Eleni - Federal Reserve Bank of Dallas - 2010
answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … accumulation is subject to adjustment costs. We demonstrate that, although this economy can generate persistent current account …
Persistent link: https://www.econbiz.de/10008465685
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Monetary policy strategy in a global environment
Moutot, Philippe; Vitale, Giovanni - Federal Reserve Bank of Dallas - 2009
Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are …
Persistent link: https://www.econbiz.de/10005498677
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Non-Scale Effects of North-South Trade on Economic Growth
Afonso, Oscar; Aguiar, Alvaro - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2003
In this model of North and South economies, growth is driven by Schumpeterian R&D and by accumulation of two types of human capital, versatile and specialized. The former is school intensive while the latter is on-the-job-training intensive. Growth is endogenous and independent of scale effects....
Persistent link: https://www.econbiz.de/10005292797
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Human Capital Accumulation and Wage Inequality with Scale-Independent North-South Technological Diffusion
Afonso, Oscar; AGUIAR, Alvaro - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
This paper analyzes the mechanisms, other than market size, through which international trade of intermediate goods incorporating state-of-the-art technological knowledge affects accumulation of human capital and wage inequality in the North and South. Under North-South technological diffusion,...
Persistent link: https://www.econbiz.de/10005063394