facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …

diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the …

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …

in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by …

This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset …

is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …

This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …

that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …