Ohanian, Lee E.; Restrepo-Echavarria, Paulina; Van … - 2022
capital flows accounting framework consisting of the U.S., Western Europe, and the Rest of the World, is developed to identify … international capital flows. Counterfactual analyses show world output would have been 0.6% higher had there been perfect capital … mobility, and that these impediments to capital mobility raised welfare substantially in the rest of the world and modestly in …
