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the People's Bank of China (China). The new borrowing agreement with Spain, the amendments to the NPA with Japan, and the … February 22, 2017, for Spain; April 20, 2017, for Japan; and April 21, 2017, for China. Pursuant to Section III, paragraph 2 of … Spain (Spain), amendments to the 2010 NPA with the Government of Japan (Japan), and a new note purchase agreement (NPA) with …
Persistent link: https://www.econbiz.de/10014408739
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by a PRGF...
Persistent link: https://www.econbiz.de/10014406495
Persistent link: https://www.econbiz.de/10009504217
manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than …
Persistent link: https://www.econbiz.de/10014395791
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
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
This paper gauges the potential effects on employment of rebalancing China''s exportoriented growth model toward … existing and new services as well as reorienting the production of tradable goods toward domestic markets. In China''s case … paper shows that while rebalancing China''s growth toward a domestic-demand-led economy would likely raise aggregate …
Persistent link: https://www.econbiz.de/10014402469
, 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