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Government consumption expenditures and the current account

Cavallo, Michele - Federal Reserve Bank of San Francisco - 2005

This paper distinguishes between two components of government consumption, expenditure on final goods and expenditure on hours, and compares the effects of changes in these two on the current account. I find that changes in government expenditure on hours do not directly affect the current...

Persistent link: https://www.econbiz.de/10005712199

Real exchange rate dynamics in sticky-price models with capital

Carvalho, Carlos; Nechio, Fernanda - Federal Reserve Bank of San Francisco - 2012

The standard argument for abstracting from capital accumulation in sticky-price macro models is based on their short …-run focus: over this horizon, capital does not move much. This argument is more problematic in the context of real exchange rate … (RER) dynamics, which are very persistent. In this paper we study RER dynamics in sticky-price models with capital …

Persistent link: https://www.econbiz.de/10010558500

Money, income, prices and interest rates : a comment

Ingenito, Robert; Trehan, Bharat - 1994

Persistent link: https://www.econbiz.de/10000905750

Impact of deposit rate deregulation in Hong Kong on the market value of commerical banks

Kwan, Simon H. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001625083

Robust monetary policy rules with unknown natural rates

Orphanides, Athanasios (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001763051