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An empirical analysis of policy coordination in the United States, Japan and Europe

Edison, Hali J.; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1986

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

The yen-dollar relationship: a recent historical perspective

Johnson, Manuel H.; Loopesko, Bonnie E. - Federal Reserve Board (Board of Governors of the … - 1986

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

Macroeconomics of international price discrimination

Corsetti, Giancarlo; Dedola, Luca - Federal Reserve Board (Board of Governors of the … - 2002

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

The structure and properties of the FRB multicountry model.Part I: Model description and simulation results

Edison, Hali J.; Marquez, Jaime R.; Tryon, Ralph W. - Federal Reserve Board (Board of Governors of the … - 1986

States, Canada, Germany, Japan, and the United Kingdom. The MCM emphasizes international linkages, and has equations for …

Persistent link: https://www.econbiz.de/10005368358

Factor supplies and specialization in the world economy

Harrigan, James; Zakrajsek, Egon - Federal Reserve Board (Board of Governors of the … - 2000

A core prediction of the Heckscher-Ohlin theory is that countries specialize in goods in which they have a comparative advantage, and that the source of comparative advantage is differences in relative factor supplies. To examine this theory, we use the most extensive dataset available and...

Persistent link: https://www.econbiz.de/10005393695

International capital mobility: direct evidence from long-term currency swaps

Popper, Helen - Federal Reserve Board (Board of Governors of the … - 1990

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

Approaches to managing external equilibria: where we are, where we might be headed, and how we might get there

Truman, Edwin M. - Federal Reserve Board (Board of Governors of the … - 1989

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

Globalization and productivity in the United States and Germany

Mann, Catherine L. - Federal Reserve Board (Board of Governors of the … - 1997

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

Inflation dynamics and international linkages: a model of the United States, the euro area, and Japan

Coenen, Gunter; Wieland, Volker - Federal Reserve Board (Board of Governors of the … - 2002

In this paper we estimate a small macroeconometric model of the United States, the euro area and Japan with rational … Japan quite well. We then use it to evaluate the role of the exchange rate for monetary policy. Preliminary results, which …

Persistent link: https://www.econbiz.de/10005712839

International economic implications of the end of the Soviet Union

Helkie, William L.; Howard, David H.; Marquez, Jaime - Federal Reserve Board (Board of Governors of the … - 1994

This paper quantifies roughly some potential economic developments in the former Soviet Union (FSU), if substantive economic reforms go forward, and assesses the likely implications of these developments for the rest of the world. It is assumed that a move to world prices for energy and other...

Persistent link: https://www.econbiz.de/10005712840