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The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...
Persistent link: https://www.econbiz.de/10009471805
Generalizamos el algoritmo EM espectral para modelos factoriales dinámicos de Fiorentini, Galesi y Sentana (2014) a modelos bifactoriales con factores tanto globales como regionales. Aprovechamos la raleza de las matrices de coefi cientes de manera que se puedan estimar dichos modelos por...
Persistent link: https://www.econbiz.de/10012530482
Many developing countries have adopted investor-friendly policies in recent years in order to attract export-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have been largely ignored. This paper endogenizes FDI inflows in a structuralist general...
Persistent link: https://www.econbiz.de/10009468023
, governmentdeficit, and non-oil GDP and general price inflation rates.The estimated model satisfactorily simulates the reality of the …
Persistent link: https://www.econbiz.de/10009461260
Thesis (Ph. D.)--University of Rochester. Dept. of Economics, 1982.
Persistent link: https://www.econbiz.de/10009482981
This paper examines the core aspects of China’s economic rebalancing process (from industry to services and innovations, from investment to consumption, and from exports to domestic demand), presents the main economic policy measures adopted to that end by China’s government, paying special...
Persistent link: https://www.econbiz.de/10011658708
En esta nota estadística se presenta la metodología aplicada en la compilación de las estadísticas complementarias de inversión exterior directa (IED) en España por última economía inversora, según el principio direccional y con datos coherentes con la balanza de pagos/posición de...
Persistent link: https://www.econbiz.de/10012666481
Der Beitrag beschäftigt sich mit Aufbau und Logikder Zahlungsbilanz vor dem Hintergrund der vonder Deutschen Bundesbank … für Deutschland bzw.der von der Europäischen Zentralbank für das Euro-Währungsgebiet erstellten Zahlungsbilanz. …
Persistent link: https://www.econbiz.de/10009463553
-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015