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Trade Linkages, Balance Sheets, and Spillovers; The Germany-Central European Supply Chain
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2013
relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily …
Persistent link: https://www.econbiz.de/10011242281
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Performance of Western Hemisphere Trading Blocs; A Cost-Corrected Gravity Approach
Croce, Enzo; Juan-Ramon, V. Hugo; Zhu, Feng - International Monetary Fund (IMF) - 2004
We study the performance of the four Western Hemisphere trading blocs during the period 1978-2001. For the North American Free Trade Agreement (NAFTA), trade integration outweighed trade diversion; for MERCOSUR, increased integration and trade diversion went hand in hand; for the Central American...
Persistent link: https://www.econbiz.de/10005263690
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Nonlinearity in Deviations From Uncovered Interest Parity; An Explanation of the Forward Bias Puzzle
Valente, Giorgio; Leon, H. L.; Sarno, Lucio - International Monetary Fund (IMF) - 2006
We provide empirical evidence that deviations from uncovered interest rate parity (UIP) display significant nonlinearities, consistent with theories based on transaction costs or limits to speculation. This evidence suggests that the forward bias documented in the literature may be less...
Persistent link: https://www.econbiz.de/10005604790
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?
Lebrun, Igor; Ruiz, Esther Pérez - International Monetary Fund (IMF) - 2014
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the … core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …-specific factors matter in some cases, demand patterns in these countries are largely driven by common determinants. Third …
Persistent link: https://www.econbiz.de/10010959463
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Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments
Tressel, Thierry; Wang, Shengzu - International Monetary Fund (IMF) - 2014
dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes … ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove …
Persistent link: https://www.econbiz.de/10010959477
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People's Republic of China; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
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Turkey: Staff Report for the 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above …
Persistent link: https://www.econbiz.de/10011244217
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Chile; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the medium term. Technocratic, rules-based, and transparent policy management; monetary policy under a floating exchange rate undertaken by a credible central bank; and prudent fiscal...
Persistent link: https://www.econbiz.de/10011244359
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Japan: 2014 Article IV Consultation-Staff Report; and Press Release
International Monetary Fund (IMF); International … - 2014
KEY ISSUES Abenomics is gaining traction, but progress across the three arrows has been uneven and medium-term risks remain substantial. Inflation has risen, a consumption tax increase has been implemented, and there are signs of a transition to private-led growth. However, structural reforms...
Persistent link: https://www.econbiz.de/10011244783