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. The paper first draws on the World Input-Output Database (WIOD) to document the dynamics of trade linkages between …
Persistent link: https://www.econbiz.de/10014410433
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
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...
Persistent link: https://www.econbiz.de/10014408459
There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of the substantial dollar depreciation since early 1985 has been slower than might have been expected. This paper examines the recent behavior of U.S. trade prices, and concludes...
Persistent link: https://www.econbiz.de/10014396298
The Annual Report 2006 to the Board of Governors reviews the IMF’s activities and policies during the financial year (May 1, 2005, through April 30, 2006). The main sections cover the Fund’s Medium-Term Strategy; country, global, and regional surveillance; strengthening surveillance and crisis...
Persistent link: https://www.econbiz.de/10014405224
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
Against a backdrop of declining oil prices, sharp variations in exchange rates, and market volatility, global growth remains uneven. The prospect of a new mediocre lingers as medium-term forecasts have been marked down since the last GPA. Promoting balanced, sustained growth requires an...
Persistent link: https://www.econbiz.de/10014408526
The global economy is gaining momentum, but further progress hinges on policies to support the recovery, lift productivity growth, and enhance resilience. Against the background of rapid technological progress, a cooperative multilateral framework for trade and financial integration has served...
Persistent link: https://www.econbiz.de/10014408685
, globalization and financial deepening …
Persistent link: https://www.econbiz.de/10014409842
Aid for trade can support countries trying to further benefit from the expanding global market place by helping to address poorly performing infrastructure and institutions. Needless to say, good policies also matter: trade liberalization, improving incentives for private investment in trade,...
Persistent link: https://www.econbiz.de/10014409848