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An Equilibrium Model of "Global Imbalances" and Low Interest Rates
Caballero, Ricardo J. - 2006
the world and, b) heterogeneity in these regions' capacity to generate financial assets from real investments. In …
Persistent link: https://www.econbiz.de/10012466674
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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
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External Adjustment, Global Imbalances and Valuation Effects
Gourinchas, Pierre-Olivier - 2013
We provide an overview of the recent developments of the literature on the determinants of long term capital flows, global imbalances and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown in...
Persistent link: https://www.econbiz.de/10012459422