neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … between the sustained reserve accumulation and the persistent and significantly lower levels of investment in the region. Put …

and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … growth rates for the key emerging markets and other developing economies in Asia. China has by far the lowest share of … private consumption to GDP in Asia and, during this decade, has recorded the lowest rate of employment growth relative to GDP …

Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America … flows. We develop a DSGE model of Asia, Latin America, and the Rest ofthe World that features an open-economy business cycle …

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … goods should be financed only from current revenue. With investment in the stock of public infrastructure, public sector …

Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that … incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into … "gains from trade" approach can easily explain why changes in perceptions about the future (including "news" about the future …

wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade … that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains … from trade …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …