Showing 1 - 10 of 33
Global current account imbalances were a major subject of concern in the years before the recent financial crisis. It is shown that the expected (negative) equilibrium relationship between net foreign assets and the trade balance that had held in the previous twenty years appeared to break down...
Persistent link: https://www.econbiz.de/10010382090
Persistent link: https://www.econbiz.de/10000826752
Persistent link: https://www.econbiz.de/10000822947
Persistent link: https://www.econbiz.de/10000625439
Persistent link: https://www.econbiz.de/10000137353
Persistent link: https://www.econbiz.de/10000147859
Persistent link: https://www.econbiz.de/10003062590
Persistent link: https://www.econbiz.de/10003062606
Theory suggests a significant positive relationship in long-run equilibrium between net foreign assets (NFA) as a proportion of GDP and real exchange rates. Empirical tests have ignored two issues: the large variation in cross-country trade/GDP ratios, which is likely to induce substantial...
Persistent link: https://www.econbiz.de/10009792044
Little attention has been devoted to the effects of price dispersion at local and seasonal levels on the measurement of living standards in LDCs. In particular, it is not known if a substantial share of welfare or poverty is the consequence of price differences rather than of differences in...
Persistent link: https://www.econbiz.de/10011532247