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Choques a la cuenta corriente de la balanza de pagos: Alguna evidencia para Argentina
Lanteri, Luis N. - 2018
, such as the terms of trade (the Harberger-Laursen-Metzler effect-HLM), supply shocks (productivity), demand shocks (real … positively, as the improvements in the productivity and in the public saving (lower consumption). …
Persistent link: https://www.econbiz.de/10012057273
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Efecto Harberger-Laursen-Metzler: Evidencia para Argentina (1986-2014)
Lanteri, Luis N. - In: Atlantic Review of Economics 2 (2015), pp. 1-21
This paper analyzes the link between the current account and the terms of trade, in the case of Argentina's economy. SVAR models with long-term restrictions and annual data covering the period 1986-2014 are used. The response functions suggest a positive reaction from the current account to...
Persistent link: https://www.econbiz.de/10011536993
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Productivity shocks, budget deficits and the current account
Bussière, Matthieu; Fratzscher, Marcel; Müller, Gernot J. - 2005
Deficits" discussion of the 1980s. In contrast, during the 1990s productivity growth has been identified as the primary cause … importance of budget deficits and productivity shocks for the determination of the current account. Using a sample of 21 OECD … current account, while country-specific productivity shocks appear to play a key role. …
Persistent link: https://www.econbiz.de/10011604555
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Fiscal devaluation in a Monetary Union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 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/10010327566
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Fiscal policies, the current account and Ricardian equivalence
Nickel, Christiane; Vansteenkiste, Isabel - 2008
This paper analyses the empirical relationship between fiscal policy and the current account of the balance of payments and considers how Ricardian equivalence changes this relationship. To do so, we estimate a dynamic panel threshold model for 22 industrialised countries in which the...
Persistent link: https://www.econbiz.de/10011604981
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Fiscal devaluation in a monetary union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 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/10010331115
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Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity
Devereux, Michael B.; Smith, Gregor W. - 2005
for productivity shocks over the period, the model provides a very close fit to the historical sample paths of French GDP …
Persistent link: https://www.econbiz.de/10011940647
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Growth prospects and the trade balance in advanced economies
Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020
productivity-enhancing reforms in advanced economies might not entail the targeted effects. …
Persistent link: https://www.econbiz.de/10012160888
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La política fiscal en economías exportadoras de materias primas: Evidencia para Argentina
Lanteri, Luis N. - In: Atlantic Review of Economics 1 (2016)
This paper analyzes the impact of external price shocks on fiscal policy in Argentina during the last two decades. The paper evaluates, through VAR models with long-term restrictions, the effects of the terms of trade, and the output gap, in revenues, expenditures and the primary fiscal deficit,...
Persistent link: https://www.econbiz.de/10011966847
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Shocks de precios externos y su impacto en el consumo y en la inversión: Alguna evidencia para Argentina
Lanteri, Luis N. - In: Atlantic Review of Economics 2 (2017)
This paper investigates the impact of external price shocks on private consumption and investment and the sources of fluctuations in these variables, in the case of Argentina, employing structural VEC models (Structural Vector Error Correction) and quarterly data, covering the period...
Persistent link: https://www.econbiz.de/10011966831