Showing 1 - 10 of 548
Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro … adjustment process that involves real depreciation in its exchange rate. For Japan, a little more than 1 percentage point (of GDP …
Persistent link: https://www.econbiz.de/10010285314
Persistent link: https://www.econbiz.de/10011310804
We use a dynamic general-equilibrium model to study how removing barriers to competition in the nontraded goods sector affects the current account of a small open economy. We show that the expansion of the nontraded sector that results from such a "deregulation shock" is associated with an...
Persistent link: https://www.econbiz.de/10011430037
This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...
Persistent link: https://www.econbiz.de/10010285300
This paper studies the links between current accounts and relative price levels, finding that current account changes are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect, adding a lagged current account/GDP and other explanatory...
Persistent link: https://www.econbiz.de/10010285301
This paper studies the links between current accounts and relative price levels, finding that current account changes are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect, adding a lagged current account/GDP and other explanatory...
Persistent link: https://www.econbiz.de/10010288167
In recent research age distribution effects on the current account have been found in cross-country panel regressions. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960-1995, we find that the age effects on saving are similar...
Persistent link: https://www.econbiz.de/10010321710
China's expansionary economic policy toward Western countries was not predicted only in Washington but also in the EU. As expected, the EU became aware of the fact that China is a tough competitor, redesigning not only the world economy but also challenging Europe under the 17+1 and the Belt and...
Persistent link: https://www.econbiz.de/10012388938
to both countries do appear low relative to the performance of Japan and the EU-15. We examine potential explanations for …
Persistent link: https://www.econbiz.de/10011807626
Persistent link: https://www.econbiz.de/10001769831