Showing 1 - 10 of 128
The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Pesenti (Federal Reserve Bank of New York and National Bureau of Economic Research). The GEM is a dynamic stochastic...
Persistent link: https://www.econbiz.de/10005808259
domestic demand in emerging Asia, is needed to ensure that the counterpart of the decrease in the U.S. current account deficit … is mainly a reduction in the surpluses of emerging Asia. Sensitivity analysis based on deviations from these conditions …
Persistent link: https://www.econbiz.de/10003981363
We develop a five-region version (Canada, an oil exporter, the United States, emerging Asia and Japan plus the euro … prices with large effects on the terms of trade of oil-exporting versus oil-importing countries (in particular, emerging Asia … regions such as emerging Asia. In addition, we study the implications of higher taxes on gasoline that are used to reduce …
Persistent link: https://www.econbiz.de/10005162484
In light of the U.S. current account deficit, pressure is high on Asian countries to revalue their currencies. The calls from some U.S. policymakers for tariffs on imports from China has sparked fears that this could trigger a world-wide surge in protectionism. This study evaluates the risk of...
Persistent link: https://www.econbiz.de/10005673368
, exchange rates and policy frameworks in emerging Asia" by a Working Group established by the Asian Consultative Council of the …
Persistent link: https://www.econbiz.de/10012517920
The author proposes a new test for financial contagion based on a non-parametric measure of the cross-market correlation. The test does not depend on the assumption that the data are drawn from a given probability distribution; therefore, it allows for maximal flexibility in fitting into the...
Persistent link: https://www.econbiz.de/10003852845
Persistent link: https://www.econbiz.de/10001555173