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in place by the government of India. Finally, the paper examines short run prospects for the Indian economy in light of …
Persistent link: https://www.econbiz.de/10005000049
Persistent link: https://www.econbiz.de/10005057549
This paper has two main objectives. First, it computes capital flight (CF) through trade misinvoicing from India using … data from UNCOMTRADE, MIT Observatory of Economic Complexity and IMF E-library. India's trade with 17 countries over the … least some of the failures of current macroeconomic policy in India could be attributed to CF. …
Persistent link: https://www.econbiz.de/10010762623
This paper has two main objectives. First, it computes capital flight (CF) through trade misinvoicing from India using … data from UNCOMTRADE, MIT Observatory of Economic Complexity and IMF E-library. India’s trade with 17 countries over the … least some of the failures of current macroeconomic policy in India could be attributed to CF. …
Persistent link: https://www.econbiz.de/10010904255
This paper proposes quantifying the evolution of the U.S. output-inflation tradeoff using a Time-Varying Parameter Structural VAR. This methodology circumvents issues with existing methods which tend to be either reduced form in nature or rely on more ad hoc assumptions regarding sample split...
Persistent link: https://www.econbiz.de/10010699883
It is found that commodity price shocks largely affect the mining, construction and manufacturing industries in Australia. However, the financial and insurance sector is found to be relatively unaffected. Mining industry profits and nominal output substantially increase in response to commodity...
Persistent link: https://www.econbiz.de/10010904341
Recent studies document the deteriorating performance of forecasting models during the Great Moderation, which conversely implies that forecastability was higher in the preceding era when the economy was unexpectedly volatile. We explain this phenomenon in the context of equilibrium...
Persistent link: https://www.econbiz.de/10011201596
The United States Environmental Protection Agency (EPA) has begun regulating existing stationary sources of greenhouse gases (GHG) using its authority under the Clean Air Act (the Act). The regulatory process under the Act is long and involved and raises the prospect that significant U.S. action...
Persistent link: https://www.econbiz.de/10010860357
This paper examines Australia's terms of trade boom since 2003 with a particular interest in quantifying the links between the terms of trade and sectoral performance and identifying an associated 'secondary services boom'. Comparative static general equilibrium modelling and empirical analysis...
Persistent link: https://www.econbiz.de/10011186044
China’s size limits its capacity to source further growth from exports and so the inevitable turn inward is in progress, as suggested by declining gross flows on its balance of payments relative to its GDP. Thus far, key home policy drivers have been fiscal expansion and public investment,...
Persistent link: https://www.econbiz.de/10011031847