Similar Search Results

The "Other" Imbalance and the Financial Crisis

Caballero, Ricardo J. - 2010

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

Persistent link: https://www.econbiz.de/10012463014

International Liquidity Illusion : On the Risks of Sterilization

Caballero, Ricardo J. - 2001

During the booms that precede crises in emerging economies, policymakers often struggle to limit capital flows and their expansionary consequences. The main policy tool for this task is a sterilization of capital inflows - essentially a swap of international reserves for public bonds. Despite...

Persistent link: https://www.econbiz.de/10012470588

Estimating real production and expenditures across nations : a proposal for improving the Penn world tables

Feenstra, Robert C. (contributor) - 2004

"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...

Persistent link: https://www.econbiz.de/10010522867

World Trade Flows : 1962-2000

Feenstra, Robert C. - 2005

.nber.org/data (International Trade Data, NBER-UN world trade data). Users must agree not to resell or distribute the data for 1984-2000. The data … United Nations classification. This dataset updates the Statistics Canada World Trade Database as described in Feenstra …

Persistent link: https://www.econbiz.de/10012467647

Estimating Real Production and Expenditures Across Nations : A Proposal for Improving the Penn World Tables

Feenstra, Robert C. - 2004

In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...

Persistent link: https://www.econbiz.de/10012467823

Contingent Reserves Management : An Applied Framework

Caballero, Ricardo J. - 2004

One of the most serious problems that a central bank in an emerging market economy can face, is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In...

Persistent link: https://www.econbiz.de/10012467904

Effective Labor Regulation and Microeconomic Flexibility

Caballero, Ricardo J. - 2004

Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, other institutional. Chief...

Persistent link: https://www.econbiz.de/10012467946

Tariff Reductions, Entry, and Welfare : Theory and Evidence for the Last Two Decades

Caliendo, Lorenzo - 2015

tariff, which comprise one-quarter of the countries in the world …

Persistent link: https://www.econbiz.de/10012456903

Global Imbalances and Currency Wars at the ZLB

Caballero, Ricardo J. - 2015

This paper explores the consequences of extremely low equilibrium real interest rates in a world with integrated but …) While more price and wage flexibility exacerbates the risk of a deflationary global liquidity trap, it is the more rigid …

Persistent link: https://www.econbiz.de/10012456999

The Next Generation of the Penn World Table

Feenstra, Robert C. - 2013

, the Penn World Table (PWT) will be taken over by the University of California, Davis and the University of Groningen, with …

Persistent link: https://www.econbiz.de/10012459406