Showing 1 - 10 of 336
This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...
Persistent link: https://www.econbiz.de/10014412199
Myanmar''s multiple exchange rate system creates various economic distortions. This paper describes the exchange rate … practices in Myanmar, develops a model of foreign exchange markets, and presents the efficiency costs imposed by quasi …
Persistent link: https://www.econbiz.de/10014401676
commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices … customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports … to Japan …
Persistent link: https://www.econbiz.de/10014401194
The paper examines the effects of the supply pressure of the exports in the Japan-U.S. bilateral trade. A simultaneous … export supply pressure is much stronger in Japan’s exports than in the U.S. exports, and that supply pressure often affects …
Persistent link: https://www.econbiz.de/10014398178
Using the international input-output tables between Japan and five Pacific Basin countries (Indonesia, Korea, Malaysia … 1985. It shows that intra-industry trade in manufactured products expanded as Japan increased imports of more capital …
Persistent link: https://www.econbiz.de/10014398712
implications for Japan and Asia of several shocks to the Japanese economy. The results suggest that, while fiscal consolidation in … Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies … would be positive. Quantitative monetary easing in Japan would boost domestic activity in the short-run, while being …
Persistent link: https://www.econbiz.de/10014399955
Persistent link: https://www.econbiz.de/10009424826
Persistent link: https://www.econbiz.de/10010359854
External headwinds, together with domestic vulnerabilities, have loomed over the prospects of emerging markets in recent years. We propose an empirical toolbox to quantify the impact of external macro-financial shocks on domestic economies in parsimonious way. Our model is a Bayesian VAR...
Persistent link: https://www.econbiz.de/10011445607
Persistent link: https://www.econbiz.de/10010479424