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Global Imbalances; The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
Rebucci, Alessandro; Batini, Nicoletta; Cova, Pietro; … - International Monetary Fund (IMF) - 2009
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …
Persistent link: https://www.econbiz.de/10005825739
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New Shocks, Exchange Rates and Equityprices
Cova, Pietro; Rebucci, Alessandro; Matsumoto, Akito; … - International Monetary Fund (IMF) - 2008
productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …
Persistent link: https://www.econbiz.de/10005825757
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The Valuation Channel of External Adjustment
Lee, Jaewoo; Ghironi, Fabio; Rebucci, Alessandro - International Monetary Fund (IMF) - 2009
International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external assets and liabilities. We examine this valuation channel in a dynamic equilibrium portfolio model...
Persistent link: https://www.econbiz.de/10008497614
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New Shocks and Asset Price Volatility in General Equilibrium
Rebucci, Alessandro; Matsumoto, Akito; Cova, Pietro; … - International Monetary Fund (IMF) - 2011
We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy …
Persistent link: https://www.econbiz.de/10009019570
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Global Imbalances; The Role of Emerging Asia
Pisani, Massimiliano; Cova, Pietro; Rebucci, Alessandro - International Monetary Fund (IMF) - 2009
. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non …
Persistent link: https://www.econbiz.de/10011242275
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New Shocks, Exchange Rates and Equityprices
Cova, Pietro - 2008
productivity and monetary policy. We identify a condition under which these asset prices become more volatile without affecting the … to productivity shocks. The model we set up does well at matching second moments of exchange rate and equity returns for …
Persistent link: https://www.econbiz.de/10014400236
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New Shocks and Asset Price Volatility in General Equilibrium
Rebucci, Alessandro - 2011
We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy …
Persistent link: https://www.econbiz.de/10014399366
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The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?
Hunt, Ben - 2003
between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of …
Persistent link: https://www.econbiz.de/10014399692
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Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
Rebucci, Alessandro - 2009
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of …
Persistent link: https://www.econbiz.de/10014403181
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The Domestic and Global Impact of Japan's Policies for Growth
Batini, Nicoletta - 2005
the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural … imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …''s debt and limit the tendency of fiscal consolidation to increase the external surplus. In fact, very rapid productivity …
Persistent link: https://www.econbiz.de/10014404214