In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …

of oil shocks on the merchandise trade balance and the current account, which depending on the source of the shock can be …

due to the fact that investment falls while saving remains unchanged. This paper shows that if currency substitution is … introduced into the analysis, the same shock could cause a current account deficit. Furthermore, the higher the dependence of the … saving following the terms of trade deterioration. The fall in saving could be larger than the decline in investment …

account for movements in trade imbalances, and the decline in private saving and investment observed recently in developed …

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …

results from the requirement that non-traded inputs are used in the investment process. In the short-run, though, the effects …