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Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...
Persistent link: https://www.econbiz.de/10005372624
This paper explores the interaction between exchange rate alignment and external balance for Japan and the United … factors in fostering more balanced trade between Japan and its major trading partners, including the United States. Evidence … Japan's surplus with the United States by $20 billion. …
Persistent link: https://www.econbiz.de/10005712764
This paper builds a baseline two-country model of real and monetary transmission under optimal international price discrimination. Distributing traded goods to consumers requires nontradables; because of distributive trade, the price elasticity of export demand depends on the exchange rate....
Persistent link: https://www.econbiz.de/10005368231
States, Canada, Germany, Japan, and the United Kingdom. The MCM emphasizes international linkages, and has equations for …
Persistent link: https://www.econbiz.de/10005368358
Euromarkets and in the onshore markets of Canada, Japan, Germany, Switzerland, the United Kingdom, and the United States. The …
Persistent link: https://www.econbiz.de/10005372606
This paper examines the issue of the U.S. external deficit in a global context. First, the paper considers certain aspects of the current economic situation that have contributed to the U.S. deficit and the progress that has been made to date in laying the basis for its narrowing. Second, the...
Persistent link: https://www.econbiz.de/10005372633
Persistent link: https://www.econbiz.de/10010725158
Persistent link: https://www.econbiz.de/10010727427
a speech at the Federal Reserve Bank of San Francisco, San Francisco, California, Nov. 29, 2011
Persistent link: https://www.econbiz.de/10010729276
This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity growth in manufacturing industries in the United States and Germany. For U.S. industries, the analysis suggests that changes in international demand affect productivity growth...
Persistent link: https://www.econbiz.de/10005712833