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Current Accounts Dynamics in new EU members: Sustainability and Policy Issues

Zanghieri, Paolo - Centre d'études prospectives et d'informations … - 2004

Persistent link: https://www.econbiz.de/10005062863

A New Look at the Feldstein-Horioka Puzzle using an Integrated Panel

Banerjee, Anindya; Zanghieri, Paolo - Centre d'études prospectives et d'informations … - 2003

Persistent link: https://www.econbiz.de/10005062880

Short-Term Fiscal Spillovers in a Monetary Union

Bénassy-Quéré, Agnès - Centre d'études prospectives et d'informations … - 2006

Persistent link: https://www.econbiz.de/10005062887

How Macroeconomic Imbalances Interact? Evidence from a Panel VAR Analysis

Gnimassoun, Blaise; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2013

This paper aims at investigating the interactions between three key macroeconomic imbalances, namely Global imbalances,current-account discrepancies (external imbalances), output gaps (internal imbalances), and exchange-rate misalignments. To this end, we rely on the estimation of a panel VAR...

Persistent link: https://www.econbiz.de/10010827750

Current Accounts and Oil Price Fluctuations in Oil-Exporting Countries: the Role of Financial Development

Allegret, Jean-Pierre; Couharde, Cécile; Coulibaly, Dramane - Centre d'études prospectives et d'informations … - 2013

Oil-exporting countries usually experience large current account improvements following a sharp increase in oil prices. In this paper, we investigate this oil price-current account relationship on a sample of 27 oil-exporting economies. Relying upon the estimation of panel smooth transition...

Persistent link: https://www.econbiz.de/10010827785

Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset

Arnold, Jens; Schwellnus, Cyrille - Centre d'études prospectives et d'informations … - 2008

corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits … effect on productivity at the firm level. The effect is negative across firms of different size and age classes except for …. This may partly explain the negative productivity effects of corporate taxes if new capital goods embody technological …

Persistent link: https://www.econbiz.de/10005062874

The Impossible Trinity Revised: An Application to China

Carton, Benjamin - Centre d'études prospectives et d'informations … - 2011

In a fixed exchange-rate regime, monetary policy is not devoted to internal equilibrium, such that the Taylor principle is no more the condition to insure the determinacy of the dynamic. Monetary policy is in charge of stabilizing the fixed-exchange rate regime in the long run, i.e. to avoid an...

Persistent link: https://www.econbiz.de/10009391586

Current Account Reversals and Long Term Imbalances: Application to the Central and Eastern European Countries

Benhima, Kenza; Havrylchyk, Olena - Centre d'études prospectives et d'informations … - 2006

Persistent link: https://www.econbiz.de/10005406592

Burden Sharing and Exchange-Rate Misalignments within the Group of Twenty

Bénassy-Quéré, Agnès; Duran-Vigneron, Pascale; … - Centre d'études prospectives et d'informations … - 2004

Persistent link: https://www.econbiz.de/10005607357

House Prices Drive Current Accounts: Evidence From Property Tax Variations

Geerolf, François; Grjebine, Thomas - Centre d'études prospectives et d'informations … - 2013

We study the causal link between house prices and current accounts. Across time and countries, we find a very large and significant impact of house prices on current accounts. In order to rule out endogeneity concerns, we instrument house prices for a panel of countries, using property tax...

Persistent link: https://www.econbiz.de/10010676152