Showing 1 - 10 of 1,341
discussion of flexibility and credibility trade-offs and exit issues. …
Persistent link: https://www.econbiz.de/10005826104
This paper provides a simple dynamic neo-Keynesian model that can be used to analyze the impact of monetary policy that considers inflation targeting in a small open economy. This economy is characterized by imperfect competition and short-run price rigidity. The main findings of the paper are...
Persistent link: https://www.econbiz.de/10005769155
An influential school of thought views the current international monetary and financial system as Bretton Woods reborn. Today, like 40 years ago, the international monetary system is composed of a core, which has the exorbitant privilege of issuing the currency used as international reserves,...
Persistent link: https://www.econbiz.de/10005607284
Persistent link: https://www.econbiz.de/10010335054
specifying price transmission equations in international trade models Protective policies, such as tariffs and quotas, reduce the …
Persistent link: https://www.econbiz.de/10010881988
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
Purpose – The economic linkages between China and Japan have been strengthened through both trade and Japanese direct … China on the Sino-Japanese bilateral trade. Design/methodology/approach – An index, RRCA, was used to illustrate the changes … that that the relations between Japanese direct investment in China and the bilateral trade are complementary. Research …
Persistent link: https://www.econbiz.de/10005081227
China's sectoral trade composition, product quality mix, and import content of processing exports have all changed … substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more …
Persistent link: https://www.econbiz.de/10005263876
determines the trade-off between a stable distribution of income and the external balance is first derived. As a second step the … balance. Findings – The study first shows, in the context of an small open economy, relevant trade-offs among three crucial …
Persistent link: https://www.econbiz.de/10010610878
-owned affiliates are dominant among their foreign affiliates, and (3) when their intra-firm trade ratio is moderately high. Furthermore …
Persistent link: https://www.econbiz.de/10008631566