Similar Search Results

The Harberger-Laursen-Metzler Effect: Evidence from Pakistan

Idrees, Tayyaba; Tufail, Saira - In: Lahore Journal of Economics 17 (2012) 2, pp. 87-110

According to the Harberger-Laursen-Metzler (HLM) effect, an exogenous temporary increase in the terms of trade leads to an improvement in the current account balance. This paper uses a recursive vector autoregression to investigate empirically the existence of the HLM effect in Pakistan, using a...

Persistent link: https://www.econbiz.de/10010905739

Fiscal Policy and Macroeconomic Imbalances

Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014

The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...

Persistent link: https://www.econbiz.de/10011277938

The Terms of Trade, Productivity Shocks, and The Current Account

Iscan, Talan B. - Department of Economics, Dalhousie University - 1998

nontraded goods, and it analyzes the impact of country- specific and global productivity shocks on the current account and … productivity growth. Second, global traded productivity and country-specific nontraded productivity growth have no effect on the … current account, but they have significant impact on investment. Third, global component of nontraded productivity is …

Persistent link: https://www.econbiz.de/10005086746

Fiscal Devaluation in a Monetary Union

Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014

Between 1999 and the onset of the economic crisis in 2008 real ex-change rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange...

Persistent link: https://www.econbiz.de/10010735915

Fiscal shocks in a two sector open economy with endogenous markups.

Cardi, Olivier; Restout, Romain - Bureau d'Économie Théorique et Appliquée (BETA), … - 2012

We use a two-sector neoclassical open economy model with traded and non-traded goods and endogenous markups to investigate both the aggregate and the sectoral ef- fects of temporary fiscal shocks. One central finding is that both the sectoral capital intensities and endogenous markups matter in...

Persistent link: https://www.econbiz.de/10010584065

Fiscal Shocks in a Two Sector Open Economy

CARDI, OLIVIER; RESTOUT, ROMAIN - TEPP Fédération de Recherche Travail Emploi et …

We use a two-sector neoclassical open economy model with traded and non-traded goods to investigate both the aggregate and the sectoral e®ects of temporary ¯scal shocks. One central ¯nding is that both sectoral capital intensities and labor supply elasticity matter in determining the response...

Persistent link: https://www.econbiz.de/10010571575

Fiscal devaluation in a Monetary Union

Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2013

Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...

Persistent link: https://www.econbiz.de/10010983224

Reducing Macroeconomic Imbalances in Turkey

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Coşar, … - Economics Department, Organisation de Coopération et … - 2014

Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...

Persistent link: https://www.econbiz.de/10011277023

Tackling Turkey's External and Domestic Macroeconomic Imbalances

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2012

participation, accelerated formalisation, stronger productivity growth, improvements in financial literacy and a more attractive …

Persistent link: https://www.econbiz.de/10011277032

Decreasing and increasing marginal impatience and the terms of trade in an interdependent world economy

Hirose, Ken-Ichi; Ikeda, Shinsuke - In: Journal of Economic Dynamics and Control 36 (2012) 10, pp. 1551-1565

Using a two-good, two-country model, we examine macroeconomic adjustment by allowing for decreasing and increasing marginal impatience (DMI and IMI). In the reference case where both countries have IMI, a negative output shock in one country lowers the interest rate and both countries' welfare...

Persistent link: https://www.econbiz.de/10010599375

1
2
3
4
5
6
7
8
9
10
Next
Last