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recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …
Persistent link: https://www.econbiz.de/10012160788
recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only …
Persistent link: https://www.econbiz.de/10012134287
-192) to an economy with traded and nontraded goods, and it analyzes the impact of country-specific and global productivity … investment to country-specific traded productivity growth. Second, global traded productivity and country-specific nontraded … productivity growth have no effect on the current account, but they have a significant impact on investment. Third, the global …
Persistent link: https://www.econbiz.de/10014140761
living. The increase comes from a permanent rise in productivity following an efficient reallocation of resources in a …
Persistent link: https://www.econbiz.de/10013006651
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either induce a deterioration or an improvement in the current...
Persistent link: https://www.econbiz.de/10012781565
This paper investigates whether extending the intertemporal model of the current account to allow for variations in the terms of trade improves its ability to fit the data. It derives a testable present-value representation of the current account that encompasses the Harberger-Laursen-Metzler...
Persistent link: https://www.econbiz.de/10014217343
Most of empirical studies find evidence of the J-Curve, but recent results cast doubt over its standard explanation. By addressing the countercyclicality of the current account and its dynamic link with the terms of trade, this paper revisits the J-Curve phenomenon using a two-good dynamic...
Persistent link: https://www.econbiz.de/10014209896
This paper analyzes the impact of external price shocks on fiscal policy in Argentina during the last two decades. The paper evaluates, through VAR models with long-term restrictions, the effects of the terms of trade, and the output gap, in revenues, expenditures and the primary fiscal deficit,...
Persistent link: https://www.econbiz.de/10011539667
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531
international transmission of productivity improvements generate the observed degree of risk-sharing: one associated with a …
Persistent link: https://www.econbiz.de/10013319477