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in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …
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In this chapter we review the recent literature on the effects of changing global demographic trends on consumption, factor prices and social security. We also construct an overlapping generation model with four regions of the world. The model is calibrated so that we match some basic statistics...
Persistent link: https://www.econbiz.de/10014023467
in general and in the case of very large surges, by limiting collective investment inflows. Controls on credit inflows …
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In a financially interconnected world, individual countries’ policy choices affect other economies and can become a source of international shocks. Leveraging on a new quarterly dataset of capital control adjustments, we find renewed evidence that the introduction of capital controls in one...
Persistent link: https://www.econbiz.de/10012304410
-border lending by global banks. Evidence suggests that investment fund flows enhance risk-sharing across borders and provide emerging … markets access to more diverse forms of financing. However, a growing body of evidence also indicates that investment funds … counterparts. The procyclicality of investment fund flows to emerging markets during times of global stress poses financial …
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