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International risk-sharing and the transmission of productivity shocks
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004
A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...
Persistent link: https://www.econbiz.de/10009636531
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The Spanish external deficit: cyclical or structural?
Bravo, Alberto Cabrero; Igal, Javier Yaniz - 2007
In 2005 the current account deficit attained 7½% of GDP, its worst position of the last 25 years, and in 2006 it might reach 8½%. Traditionally, Spain’s trade deficit has been partially offset by surpluses in other external balances, particularly service trade, as a result of large net...
Persistent link: https://www.econbiz.de/10009641117
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Study on the potential of marketing of Kenyan Coffee as Geographical Indication
Monique Bagal; Giovanni Belletti; Andrea Marescotti - REDD SA, Lausanne - 2013
The importance of coffee to the world economy cannot be underestimated. It is one of the most widely traded … drinking coffee is an integral way of life. The global coffee consumption reached 128 million bags in 2007 and 130 million in … 2008. Total consumption of coffee has grown by 2% per year and this trend is likely to continue. Coffee demand in Middle …
Persistent link: https://www.econbiz.de/10011439227
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UK withdrawal business export scenarios
Europäische Kommission / Generaldirektion Steuern und … - 2019
Persistent link: https://www.econbiz.de/10011989618
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882
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Asymmetries of current account in the intra-UE balance of payments
Europäische Kommission / Statistisches Amt; European … - 2002
The document describes the evolution of intra-EU current account asymmetries. Some experimental results obtained using a modelling approach to derive asymmetry-free European aggregates are presented. The results are not usable at the national (Member State) level and they will not eliminate...
Persistent link: https://www.econbiz.de/10009636362
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Balance of payments of the European Union Institutions
Europäische Kommission / Statistisches Amt; European … - 2001
Persistent link: https://www.econbiz.de/10009636455
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Current accounts dynamics in OECD and EU acceding countries
Bussière, Matthieu; Fratzscher, Marcel; Müller, Gernot J. - 2004
The paper extends the standard intertemporal model of the current account to include two important stylised facts: (1) the persistence of current account positions and (2) the relevance of the fiscal balance. Specifically, the paper derives a closed form solution for consumption in the presence...
Persistent link: https://www.econbiz.de/10009636534
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A monthly indicator of GDP for the Euro-zone
Europäische Kommission / Statistisches Amt; European … - 2001
Persistent link: https://www.econbiz.de/10009636435
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Business cycle extraction of Euro-zone GDP : direct versus indirect approach
Europäische Kommission / Statistisches Amt; European … - 2001
Persistent link: https://www.econbiz.de/10009636436