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External adjustment in a resource-rich economy : the case of Papua New Guinea
Nakatani, Ryota - 2017
How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector model based on Nakatani (2016) to compare different exchange rate policies, and...
Persistent link: https://www.econbiz.de/10011763833
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Time Series Analysis of Export Demand Equations : A Cross-Country Analysis
Montenegro, Claudio - 1998
The paper estimates export demand elasticities for a large number of developing and developed countries, using time …
Persistent link: https://www.econbiz.de/10014400714
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Where should we go? : internet searches and tourist arrivals
Cevik, Serhan - 2020
The widespread availability of internet search data is a new source of high-frequency information that can potentially improve the precision of macroeconomic forecasting, especially in areas with data constraints. This paper investigates whether travel-related online search queries enhance...
Persistent link: https://www.econbiz.de/10012170113
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Capital flow data : a guide for empirical analysis and real-time tracking
Koepke, Robin; Paetzold, Simon - 2020
This paper provides an analytical overview of the most widely used capital flow datasets. The paper is written as a guide for academics who embark on empirical research projects and for policymakers who need timely information on capital flow developments to inform their decisions. We address...
Persistent link: https://www.econbiz.de/10012301943
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Perfect storm : climate change and tourism
Cevik, Serhan; Ghazanchyan, Manuk - 2020
threat to vulnerable countries that are highly dependent on a weather-sensitive sector like tourism. Using a novel … multidimensional index, this study investigates the long-term impact of climate change vulnerability on international tourism in a … statistically and economically significant negative effect on international tourism revenues across the region. As extreme weather …
Persistent link: https://www.econbiz.de/10012392570
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Coordinating revenue incentive policies in the Caribbean
Ding, Ding; Kalla, Samira; Rosales, Manuel; Sidibé, … - 2020
The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment....
Persistent link: https://www.econbiz.de/10012301961
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How does profit shifting affect the balance of payments?
Hebous, Shafik; Klemm, Alexander; Wu, Yuou - 2021
Profit shifting by multinational enterprises-through manipulation of transfer prices of related-party trade, intragroup lending, or the location of intangibles-affects international flows, raising the question of its impact on the current account and external balances. This paper approaches this...
Persistent link: https://www.econbiz.de/10012518311
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Are bilateral trade balances irrelevant?
Eugster, Johannes L.; Jaumotte, Florence; MacDonald, Margaux - 2020
Based on an empirical gravity model of sectoral bilateral trade, we uncover three features of bilateral trade balances. First, the difficulty of gravity models in fitting the observed level of bilateral balances is likely due to the presence of unobservable bilateral trade costs. Second, the...
Persistent link: https://www.econbiz.de/10012391997
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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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The external balance assessment methodology : 2018 update
Cubeddu, Luis; Krogstrup, Signe; Adler, Gustavo; … - 2019
The assessment of external positions and exchange rates is a key mandate of the IMF. This paper presents the updated External Balance Assessment (EBA) framework-a key input in the conduct of multilaterally-consistent external sector assessments of 49 advanced and emerging market...
Persistent link: https://www.econbiz.de/10012009957