existence, the size of the vehicle currency economy, and the monetary policy followed by the vehicle currency's government. We …

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 …

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 …

Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are …