Narrow search
Showing 1 - 7 of 7
Cover Image
A Sexually Unbalanced Model of Current Account Imbalances
Du, Qingyuan - 2010
Large savings and current account surpluses by China and other countries are said to be a contributor to the global …
Persistent link: https://www.econbiz.de/10012462653
Cover Image
Trade Reforms and Current Account Imbalances : When Does the General Equilibrium Effect Overturn a Partial Equilibrium Intuition?
Ju, Jiandong - 2012
While a reduction in import barriers in a partial equilibrium may be thought to lead to an increase in imports and a reduction in trade surplus, the general equilibrium effect can go in the opposite direction. We study how trade reforms affect current accounts by embedding a modified...
Persistent link: https://www.econbiz.de/10012460007
Cover Image
On the Connections between Intertemporal and Intra-temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities,...
Persistent link: https://www.econbiz.de/10012461109
Cover Image
Current Account Adjustment : Some New Theory and Evidence
Ju, Jiandong - 2007
This paper aims to provide a theory of current account adjustment that generalizes the textbook version of the intertemporal approach to current account and places domestic labor market institutions at the center stage. In general, in response to a shock, an economy adjusts through a combination...
Persistent link: https://www.econbiz.de/10012465262
Cover Image
Collateral Damage : Exchange Controls and International Trade
Wei, Shang-Jin - 2007
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10012465635
Cover Image
Real Effects of the Subprime Mortgage Crisis : Is it a Demand or a Finance Shock?
Tong, Hui - 2008
estimate the importance of these two channels for spillovers. We first propose an index of a firm's sensitivity to a shock to … consumer confidence, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on … financial constraint based on Whited and Wu (2006). As a robustness check, we also construct an alternative sector-level index …
Persistent link: https://www.econbiz.de/10012464442
Cover Image
Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade
Fisman, Raymond - 2007
that entrepots may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports via Hong …
Persistent link: https://www.econbiz.de/10012465839