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International Transmission Under Bretton Woods

Stockman, Alan C. - 1992

This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...

Persistent link: https://www.econbiz.de/10012474846

International Comparisons of Pricing-to-Market Behavior

Knetter, Michael M. - 1992

the U.S. from Germany and Japan is similar to price adjustment observed on shipments to other destinations. Most variation …

Persistent link: https://www.econbiz.de/10012474877

Central Bank Behavior and the Strategy of Monetary Policy : Observations From Six Industrialized Countries

Bernanke, Ben - 1992

Using a simple case study approach. this paper compares the conduct and performance of monetary policy in six Industrialized countries since the breakup of the Bretton Woods system. Our purpose is to develop fruitful hypotheses that might usefully be explored in subsequent, more formal research....

Persistent link: https://www.econbiz.de/10012474897

Productivity and Machinery Investment : A Long Run Look 1870-1980

De Long, J. Bradford - 1991

Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...

Persistent link: https://www.econbiz.de/10012475084

Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets

Bekaert, Geert - 1991

The paper characterizes predictable components in excess rates of returns on major equity and foreign exchange markets using lagged excess returns, dividend yields, and forward premiums as instruments. Vector autoregressive techniques demonstrate one-step-ahead predictability and provide implied...

Persistent link: https://www.econbiz.de/10012475210

A Multi-Country Comparison of Term Structure Forecasts at Long Horizons

Jorion, Philippe - 1991

besides the United states, using a newly constructed data set for 1 to 5 year interest rates from Britain, West Germany and …

Persistent link: https://www.econbiz.de/10012475446

Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Comovements

Stockman, Alan C. - 1990

This paper studies the international transmission of business cycles by developing a two-country real business-cycle model and confronting it with a broad set of empirical observations. These observations include variances and covariances of output, labor, consumption, employment, and investment...

Persistent link: https://www.econbiz.de/10012475480

Post-War Economic Growth in the Group-of-Five Countries : A New Analysis

Boskin, Michael J. - 1990

Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …

Persistent link: https://www.econbiz.de/10012475512

The Effectiveness of Foreign-Exchange Intervention : Recent Experience

Obstfeld, Maurice - 1988

Since the September 1985 Plaza Hotel announcement by the Group of Five industrial countries, a substantial realignment of exchange rates has been achieved. At the same time, foreign exchange market intervention, much of it concerted and much of it sterilized, has been undertaken on a scale not...

Persistent link: https://www.econbiz.de/10012476261

Business Cycles and the Exchange Rate System : Some International Evidence

Baxter, Marianne - 1988

This paper investigates empirically the differences in time?series behavior of key economic aggregates under alternative exchange rate systems. We use a postwar sample of 49 countries to compare the behavior of output. consumption, trade flows, government consumption spending, and real exchange...

Persistent link: https://www.econbiz.de/10012476375