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Revisiting the link between trade, growth and inequality : lessons for Latin America and the Caribbean
Beaton, Kimberly; Cebotari, Aliona; Komaromi, Andras - 2017
We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic...
Persistent link: https://www.econbiz.de/10011716658
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Trade Liberalization, Macroeconomic Adjustment, and Welfare : Unifying Trade and Macro Models
Choudhri, Ehsan U. - 2006
Trade liberalization leads to long-run gains, but it can also involve costly short-run macroeconomic adjustment. The paper explores the relative importance of these effects within a dynamic general equilibrium model that captures key elements of both international trade and macroeconomic models....
Persistent link: https://www.econbiz.de/10014400147
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Political Economy Aspects of Trade and Financial Liberalization : Implications for Sequencing
Bhattacharya, Rina - 1999
This paper integrates a two-period overlapping generations model with a standard two-sector Hecksher-Ohlin trade model and analyzes the impact of uncertainty on domestic investment in the exportable and importable sectors, the political economy linkages between trade and financial...
Persistent link: https://www.econbiz.de/10014400162
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Once Again, is Openness Good for Growth?
International Monetary Fund - 2004
Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...
Persistent link: https://www.econbiz.de/10014401435
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Fiscal expectations under the Stability and Growth Pact : evidence from survey data
Poplawski-Ribeiro, Marcos; Ruelke, Jan-Christoph - 2011
Persistent link: https://www.econbiz.de/10009487131
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From containment to rationalization : increasing public expenditure efficiency in France
Hallaert, Jean-Jacques; Queyranne, Maximilien - 2016
Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas …
Persistent link: https://www.econbiz.de/10011436803
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Fiscal Expectations Under the Stability and Growth Pact : Evidence From Survey Data
Poplawski-Ribeiro, Marcos - 2011
France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings … indicate that accuracy of financial expert deficit forecasts increased in France. Convergence between the European Commission …'s and market experts’ deficit forecasts also increased in France, Italy, and the United Kingdom, particularly during the …
Persistent link: https://www.econbiz.de/10014412192
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Facing the global financial cycle : what role for policy responses?
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10012518283
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The Impact of the Global Crisison Canada : What Do Macro-Financial Linkages Tell Us?
Duttagupta, Rupa - 2010
This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of …
Persistent link: https://www.econbiz.de/10014402887
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Estimating the impact of external shocks on the ECCU : application to the COVID shock
Parlak, Vivian; Salinas, Gonzalo; Vargas, Mauricio - 2021
We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10012796822