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A framework for efficient government investment
Warner, Andrew M. - 2013
Persistent link: https://www.econbiz.de/10009726532
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How external factors affect domestic economy : nowcasting an emerging market
Solmaz, Serhat; Taheri Sanjani, Marzie - 2015
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
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Oil and the world economy : some possible futures
Kumhof, Michael; Muir, Dirk - 2012
This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...
Persistent link: https://www.econbiz.de/10012671602
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The measurement of external accounts
Adler, Gustavo; Garcia-Macia, Daniel; Krogstrup, Signe - 2019
Growing international integration in trade and finance can challenge the measurement of external accounts. This paper presents a unified conceptual framework for identifying sources of mismeasurement of foreign investment income in current account balances. The framework allows to derive a...
Persistent link: https://www.econbiz.de/10012102053
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Welfare vs. income convergence and environmental externalities
Bannister, Geoffrey J.; Mourmouras, Alexandros Thomas - 2017
incorporates consumption, leisure, mortality and inequality, and we extend the methodology to include environmental externalities …
Persistent link: https://www.econbiz.de/10011763851
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Capital controls or macroprudential regulation?
Korinek, Anton; Sandri, Damiano - 2015
externalities associated with exchange rate movements. Does this make it optimal to impose capital controls or should policymakers …
Persistent link: https://www.econbiz.de/10011446372
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The Impact of External Indebtednesson Poverty in Low-Income Countries
Kalonji, Kadima D. - 2003
This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty,...
Persistent link: https://www.econbiz.de/10014403859
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Performance of Western Hemisphere Trading Blocs : A Cost-Corrected Gravity Approach
Croce, Enzo - 2004
estimations are based on a nonlinear gravity equation that incorporates the hypothesis that exports create externalities that …
Persistent link: https://www.econbiz.de/10014404140
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External Tariff Liberalization in Caricom : A Commodity-Level Analysis
Sadikov, Azim M. - 2008
This paper estimates the impact of the tariff liberalization in four largest CARICOM countries (Barbados, Guyana, Jamaica, and Trinidad and Tobago) on their trade flows. I trace changes in the product-line imports from CARICOM and non-CARICOM countries against time and commodity-level variation...
Persistent link: https://www.econbiz.de/10014401756
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Banks As Coordinators of Economic Growth
Ueda, Kenichi - 2006
This paper formally identifies an important role of banks: Banks competitively internalize production externalities and … facilitate economic growth. I formulate a canonical growth model with externalities as a game among consumers, firms, and banks …. Banks compete for deposits to seek monopoly profits, including externalities. Using loan contracts that specify price and …
Persistent link: https://www.econbiz.de/10014399670