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Rebalancing Growth in China : An International Perspective
Bénassy-Quéré, Agnès - 2015
various monetary regimes, the paper shows that the contribution of China in global rebalancing should primarily rely on … structural policies aiming at reducing aggregate savings in China. The role of the exchange-rate regime would be minor under … today. Finally, relying only on a change in China's monetary regime (without structural reforms) could end up in delaying …
Persistent link: https://www.econbiz.de/10013022120
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The impact on the U.S. Dollar of the conflict between the American locomotive’s model and the emerging economies’ autopoietic growth.
Viviani, Carlo; Savona, Paolo - EconWPA - 2005
The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which requires exogenous pushes coming permanently...
Persistent link: https://www.econbiz.de/10005124951
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Rebalancing the US economy in a postcrisis world
Bosworth, Barry; Collins, Susan M. - 2010
The objective of this paper is to explore how the external balance of the United States (US) might evolve in future years as the economy emerges from the recession. We examine the issue from the domestic perspective of the saving and investment balance and from the external side in terms of the...
Persistent link: https://www.econbiz.de/10008732363
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Capital inflow surges and consequences
Ghosh, Atish R.; Qureshi, Mahvash Saeed - 2016
While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...
Persistent link: https://www.econbiz.de/10011522086
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Rebalancing the US Economy in a Postcrisis World
Bosworth, Barry - 2010
The objective of this paper is to explore how the external balance of the United States (US) might evolve in future years as the economy emerges from the recession. We examine the issue from the domestic perspective of the saving and investment balance and from the external side in terms of the...
Persistent link: https://www.econbiz.de/10013139278
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Understanding the Drivers of Economic Growth : Grounding Endogenous Economic Growth Models in Resource-Advantage Theory
Hunt, Shelby - 2013
Foss (2012) provides an informed and informative comment on my article 'Trust, Personal Moral Codes, and the Resource-Advantage Theory of Competition: Explaining Productivity, Economic Growth, and Wealth Creation' (Hunt, 2012). In general, his comment is highly supportive of both the theory and...
Persistent link: https://www.econbiz.de/10014162033
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Economics of Intellectual Capital (4) : Mathematical Aspects to Describe Its Growth
Ziesemann, Cyndia - 2023
The antecedent studies have designed a novel financial mechanism in which, upon trading intellectual capital, the economy creates or receives money to ensure unimpeded capital access and spur its generation and exploitation. This piece summarises some mathematical aspects, allowing us to apply...
Persistent link: https://www.econbiz.de/10014358610
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Balance of payments constrained growth models : history and overview
Thirlwall, Anthony P. - 2011
This paper surveys balance of payments constrained growth models from Thirlwall's original contribution in 1979 to the latest tests of the model using cointegration techniques. Historical antecedents of the model are explored (e.g. the Harrod trade multiplier; dual gap analysis; Prebisch's...
Persistent link: https://www.econbiz.de/10009009686
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Tony Thirlwall (21 April 1941 - 8 November 2023)
Pérez Caldentey, Esteban; Moreno-Brid, Juan Carlos - In: PSL quarterly review 76 (2023) 307, pp. 393-396
The departure of Tony Thirlwall, a pioneer, renowned scholar, and a generous mentor, is a major loss to economics. This article reviews his main contributions to economics. The article focuses on his approach and method to economics and on his research output in the theory and empirics of growth...
Persistent link: https://www.econbiz.de/10014550878
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How to Sustain the Chinese Economic Miracle? The Risk of Unraveling the Global Rebalancing
Bibow, Jörg - 2010
This paper investigates China's role in creating global imbalances, and the related call for a massive renminbi … prominence widely attributed to China as a cause of global imbalances and the exclusive focus on the renminbi-dollar exchange … rate as misguided. And we emphasize that China's response to the global crisis has been exemplary. Apart from acting as a …
Persistent link: https://www.econbiz.de/10013137940