Narrow search
Showing 1 - 10 of 3,152
Cover Image
Business cycles in emerging markets : the role of liability dollarization and valuation effects
Notz, Stefan; Rosenkranz, Peter - 2014
Understanding differences in business cycle phenomena between Emerging Market Economies (EMEs) and industrialized countries has been at the center of recent research on macroeconomic fluctuations. The purpose of this paper is to investigate the importance of certain credit market imperfections...
Persistent link: https://www.econbiz.de/10010402774
Cover Image
What expenditure does Anglosphere foreign borrowing fund?
Makin, Anthony J.; Narayan, Paresh Kumar; Narayan, Seema - In: Journal of International Money and Finance 40 (2014) C, pp. 63-78
This paper examines the extent to which foreign borrowing funds private investment, consumption and government expenditure in the United States, the United Kingdom, Australia, and New Zealand (the Anglosphere), advanced economies which have been the world's largest international borrowers since...
Persistent link: https://www.econbiz.de/10010869434
Cover Image
Is expenditure by states for development compromised to ensure compliance of fiscal targets? : a study of Indian states
Dwivedi, H. K.; Sinha, Sudip Kumar - In: Arthaniti : journal of economic theory and practice 22 (2023) 1, pp. 67-85
Persistent link: https://www.econbiz.de/10014476676
Cover Image
Channels for Narrowing the US Current Account Deficit and Implications for Other Economies
Brook, Anne-Marie - 2004
US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an … to materially reduce the US external deficit. In part, this is because second-round effects, including domestic policy … deficit involves risks to growth in the rest of the world, particularly in Japan where the authorities have limited room to …
Persistent link: https://www.econbiz.de/10012444349
Cover Image
Tracking the Euro
Koen, Vincent; Boone, Laurence; de Serres, Alain; … - 2001
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed...
Persistent link: https://www.econbiz.de/10012446955
Cover Image
China and global rebalancing: A two-country approach
Bénassy-Quéré, Agnès; Carton, Benjamin; Gauvin, Ludovic - In: China Economic Review 26 (2013) C, pp. 118-139
Based on simulations of an original DGE model of the US and the Chinese economies under various monetary regimes, we show that an overhaul of China's social safety net is capable of reducing global imbalances whatever the exchange-rate regime, provided international capital flows are allowed to...
Persistent link: https://www.econbiz.de/10010875336
Cover Image
Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
Faruqee, Hamid; Laxton, Douglas; Pesenti, Paolo A.; … - National Bureau of Economic Research (NBER) - 2006
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism. This paper attempts to fill that gap, examining the macroeconomic implications of trade policy changes through the lens of a dynamic general equilibrium model of the world...
Persistent link: https://www.econbiz.de/10005085213
Cover Image
Oil Price Movements and the Global Economy: A Model-Based Assessment
Laxton, Douglas; Pesenti, Paolo A.; Elekdag, Selim; … - National Bureau of Economic Research (NBER) - 2008
We develop a five-region version (Canada, a group of oil exporting countries, the United States, emerging Asia and Japan plus the euro area) of the Global Economy Model (GEM) encompassing production and trade of crude oil, and use it to study the international transmission mechanism of shocks...
Persistent link: https://www.econbiz.de/10005088848
Cover Image
Channels for Narrowing the US Current Account Deficit and Implications for Other Economies
Brook, Anne-Marie; Sédillot, Franck; Ollivaud, Patrice - Economics Department, Organisation de Coopération et … - 2004
US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an … to materially reduce the US external deficit. In part, this is because second-round effects, including domestic policy … deficit involves risks to growth in the rest of the world, particularly in Japan where the authorities have limited room to …
Persistent link: https://www.econbiz.de/10005045912
Cover Image
Tracking the Euro
Koen, Vincent; Boone, Laurence; Serres, Alain de; … - Economics Department, Organisation de Coopération et … - 2001
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed...
Persistent link: https://www.econbiz.de/10005045928