Showing 1 - 10 of 585
, reserves, capital flows, and external balance sheets of the world's largest economies. The 2018 edition includes an analytical …
Persistent link: https://www.econbiz.de/10014408937
equipped to thrive in this new world. History clearly tells us that closing borders or increasing protectionism is not the way … been the prime beneficiaries of economic openness. According to the World Bank, trade has helped reduce by half the …-moved from being one of the world's poorest nations to middle-income status-which has allowed for increased investments in health …
Persistent link: https://www.econbiz.de/10014408074
This paper reviews major issues and developments in the trade area and outlines the challenges governments face as they seek to liberalize trade in the Uruguay Round of trade negotiations and address new trade issues. In industrial countries, the reorientation of policies was most apparent in...
Persistent link: https://www.econbiz.de/10014397644
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10014402215
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times the level in the early 1950s, in large part driven by the integration of rapidly growing emerging market economies (EMEs). The expansion...
Persistent link: https://www.econbiz.de/10014410225
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries … developing countries to choose fuller participation in the world trading system …
Persistent link: https://www.econbiz.de/10014411036
The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...
Persistent link: https://www.econbiz.de/10014396105
The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization, marked the beginning of a new macroeconomic framework in Armenia, which is likely to have changed the effectiveness of monetary policy. This paper is the first attempt to...
Persistent link: https://www.econbiz.de/10014403230
Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society...
Persistent link: https://www.econbiz.de/10014399158