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Persistent link: https://www.econbiz.de/10003624594
constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan - at different points of time - self-fulfilling runs …
Persistent link: https://www.econbiz.de/10011475972
NICs for the period 1980-95 and compares their specialisation pattern with that of more advanced economies like Japan, West …
Persistent link: https://www.econbiz.de/10011409015
the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …
Persistent link: https://www.econbiz.de/10002521030
explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the …
Persistent link: https://www.econbiz.de/10009781505
Persistent link: https://www.econbiz.de/10003711842
Increasing-returns-to-scale imperfect competition trade models predict a more than proportionate relationship between the larger country's share in world endowments and its share in producing firms: the so called home market effect (HME). While this result plays a key role in empirical testing,...
Persistent link: https://www.econbiz.de/10009489286
Persistent link: https://www.econbiz.de/10003363424
We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...
Persistent link: https://www.econbiz.de/10014267200
countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural …
Persistent link: https://www.econbiz.de/10003730274