Showing 1 - 10 of 166
trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates …
Persistent link: https://www.econbiz.de/10014402215
This paper discusses principles and functions of the IMF. The IMF is a specialized agency of the United Nations system set up by treaty in 1945 to help promote the health of the world economy. Through its work, the IMF helps to keep the world economy running as smoothly as possible. Its work is...
Persistent link: https://www.econbiz.de/10014397381
This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are … during 1965-89. Favorable terms-of-trade shocks increase investment and (especially government) consumption, but reduce …, but Dutch Disease effects are strikingly absent. Investment, consumption, and nontradable output respond more to a terms-of-trade …
Persistent link: https://www.econbiz.de/10014400547
Persistent link: https://www.econbiz.de/10004069189
There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of … the recent behavior of U.S. trade prices, and concludes that the modest movements are largely attributable to a decline in … computer prices, swings in commodity prices, and the growing importance of computers in U.S. trade. Empirical results suggest …
Persistent link: https://www.econbiz.de/10014396298
Trade integration can play a much larger role in boosting shared prosperity. The current focus on trade tensions … threatens to obscure the great untapped benefits possible from further trade reform. The opportunities provided by information … technology and other fundamental changes in the global economy are yet to be reflected in modern areas of trade policy, such as …
Persistent link: https://www.econbiz.de/10014408459
Persistent link: https://www.econbiz.de/10000785501
This Selected Issues paper covers three topics of particular relevance to Mauritania: export competitiveness and exchange rate policy, the monetary policy framework, and the transfer of government deposits from commercial banks to the central bank. The paper reports on the recent economic...
Persistent link: https://www.econbiz.de/10014407289
internal market for trade, production, and resource allocation in the EFTA countries. It examines issues related to trade in …This paper provides an overview of the likely impact of the creation of the European Community (EC) internal market on … the European Free Trade Association (EFTA) members. The focus is on the four freedoms and the institutional and legal …
Persistent link: https://www.econbiz.de/10014397158
This paper analyzes the implications of growing international economic integration for the conduct of structural policy. Section I points out that the internationalization of financial intermediation has raised the welfare costs associated with domestic distortions. The growing importance of...
Persistent link: https://www.econbiz.de/10014395773