Showing 1 - 10 of 256
This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset …
Persistent link: https://www.econbiz.de/10014396281
When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...
Persistent link: https://www.econbiz.de/10014396230
The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply … rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … that the rise in the yen has already made a substantial contribution to correcting Japan’s external imbalance …
Persistent link: https://www.econbiz.de/10014395784
Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of...
Persistent link: https://www.econbiz.de/10014396337
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …
Persistent link: https://www.econbiz.de/10014409833
in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by …
Persistent link: https://www.econbiz.de/10014396441
, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …
Persistent link: https://www.econbiz.de/10014396489
This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation
Persistent link: https://www.econbiz.de/10014395805
Persistent link: https://www.econbiz.de/10000412854