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Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia
Sandri, Damiano; Rabanal, Pau; Méjean, Isabelle - International Monetary Fund (IMF) - 2011
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to … emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in … Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the …
Persistent link: https://www.econbiz.de/10008876596
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Central America; Global Integration and Regional Cooperation
Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
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Does Sequencing of Privatization Matter in Reforming Planned Economies?
Husain, Aasim M.; Sahay, Ratna - International Monetary Fund (IMF) - 1992
Although a centerpiece of the reform process in Central and Eastern Europe, large-scale privatization cannot be undertaken all at once and policymakers inevitably face the choice of privatizing some sectors before others. This paper analyzes the allocative efficiency implications of alternate...
Persistent link: https://www.econbiz.de/10005264168
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What Explains Germany's Rebounding Export Market Share?
Joutz, Frederick L.; Danninger, Stephan - International Monetary Fund (IMF) - 2007
Germany's export market share increased since 2000, while most industrial countries experienced declines. This study explores four explanations and evaluates their empirical contributions: (i) improved cost competitiveness, (ii) ties to fast growing trading partners, (iii) increased demand for...
Persistent link: https://www.econbiz.de/10005264234
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Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?
Rabanal, Pau; Rubio-Ramirez, Juan F. - International Monetary Fund (IMF) - 2012
introduction of adjustment costs in production and in portfolio holdings allows us to reconcile theory and this feature of the data. …
Persistent link: https://www.econbiz.de/10009650618
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Are Uniform Tariffs Optimal?
Amiti, Mary - International Monetary Fund (IMF) - 2004
This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs where tariff rates are higher on intermediate inputs and...
Persistent link: https://www.econbiz.de/10005825855
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873
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Currency Bloc Formation As a Dynamic Process Basedon Trade Network Externalities
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2004
The recent experience of the European Economic and Monetary Union (EMU) has stimulated the debate over currency union and reinforced the incentive for the emergence of currency blocs in other regions of the world. This paper builds a dynamic stochastic model-based on network externalities...
Persistent link: https://www.econbiz.de/10005599610
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The Shifting Structure of China's Trade and Production
Cui, Li; Syed, Murtaza H. - International Monetary Fund (IMF) - 2007
This paper uses disaggregated trade data to assess how the expansion of China's production capacity and its changing production structure may be affecting its trade linkages with other countries. It finds that China is moving away from traditional assembly operations in its processing activities...
Persistent link: https://www.econbiz.de/10005599657
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India in the 1980's and 1990's; A Triumph of Reforms
Panagariya, Arvind - International Monetary Fund (IMF) - 2004
Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the growth rate crossed the 5 percent mark in the 1980s, well before the launch of the July 1991 reforms. This is a wrong reading of the Indian experience for two reasons. First,...
Persistent link: https://www.econbiz.de/10005599677