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Investment-specific and multi-factor productivity in multi-sector open economies : data and analysis
Guerrieri, Luca; Henderson, Dale W.; Kim, Jinill - In: Seoul journal of economics 30 (2017) 3, pp. 251-289
Persistent link: https://www.econbiz.de/10011718249
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How small shocks and heterogeneous expectations can create swings in the exchange rate
Sløk, Torsten; Sørensen, Jens Peter - 1997
Persistent link: https://www.econbiz.de/10013274887
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Ricardian Equivalence in Open Economy : A Dynamic Panel Analysis
Margani, Patrizia - 2006
We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a...
Persistent link: https://www.econbiz.de/10012732785
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Exchange Rate Misalignments and Crises
Stein, Jerome L.; Paladino, Giovanna - 2021
productivity of the economy. Trends in social consumption/GDP, and in fiscal policy, reflected political regime changes in France …
Persistent link: https://www.econbiz.de/10013320946
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Investment-Specific and Multifactor Productivity in Multi-Sector Open Economies : Data and Analysis
Guerrieri, Luca; Henderson, Dale W.; Kim, Jinill - 2005
In the last half of the 1990s, labor productivity growth rose in the U.S. and fell almost everywhere in Europe. We … document changes in both capital deepening and multifactor productivity (MFP) growth in both the information and communication … technology (ICT) and non-ICT sectors. We view MFP growth in the ICT sector as investment-specific productivity (ISP) growth. We …
Persistent link: https://www.econbiz.de/10014066453
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Optimal Reserves in Financially Closed Economies
Jeanne, Olivier - 2016
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves...
Persistent link: https://www.econbiz.de/10012977747
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Learning and cross-country correlations in a multi-country DSGE model
Audzei, Volha - In: Economic modelling 120 (2023), pp. 1-18
Persistent link: https://www.econbiz.de/10014384002
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How small shocks and heterogeneous expectations can create swings in the exchange rate
Sløk, Torsten; Sørensen, Jens Peter - 1997
Persistent link: https://www.econbiz.de/10000956407
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Investment-Specific and Multi-Factor Productivity in Multi-Sector Open Economies : Data and Analysis
Guerrieri, Luca - 2017
In the second half of the 1990s, labor productivity growth rose in the United States and declined in most parts of … Europe. This paper documents changes in capital deepening and multi-factor productivity (MFP) growth in information and … communication technology (ICT) and non-ICT sectors. We consider MFP growth in the ICT sector as investment-specific productivity …
Persistent link: https://www.econbiz.de/10012948772
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Macroeconomic impacts of foreign exchange reserve accumulation : theory and international evidence
Fukuda, Shin'ichi; Kon, Yoshifumi - 2010
Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variables in developing countries. We analyze a simple open economy model where increased foreign...
Persistent link: https://www.econbiz.de/10003982936