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Growth prospects and the trade balance in advanced economies
Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2020 - This version: February 7, 2020
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
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Growth prospects and the trade balance in advanced economies
Belke, Ansgar; Elstner, Steffen; Rujin, Svetlana - 2019
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
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The Terms of Trade, Productivity Growth and the Current Account
Iscan, Talan - 2001
-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
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Fiscal devaluation in a monetary union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2014 - This version: 12.11.2013
Between 1999 and the onset of the economic crisis in 2008 real ex-change rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange...
Persistent link: https://www.econbiz.de/10010235320
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Fiscal devaluation in a Monetary Union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - 2013
Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010221275
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Sovereign default risk premia and state-dependent twin deficits : conference paper
Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013
This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...
Persistent link: https://www.econbiz.de/10010341080
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The modality of fiscal consolidation and current account adjustment : presented at CESifo, Delphi Conference on Current Account Adjustments, May 2015
Adam, Antonis; Moutos, Thomas - 2015
In this paper we argue that supply-side adjustments (i.e. the reallocation of productive resources between the traded and non-traded sectors) can be an important determinant of the output costs of current account adjustment. The argument relies on the fact that tax evasion is more prevalent in...
Persistent link: https://www.econbiz.de/10011300383
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Currency Manipulation, Saving Manipulation, and the Current Account Balance
Sumner, Scott - 2020
Concern over currency manipulation plays a major role in international economic diplomacy. Unfortunately, the concept is not well defined, and the most coherent explanations apply to a concept more accurately termed “saving manipulation,” as it has little to do with market exchange rates. I...
Persistent link: https://www.econbiz.de/10012840489
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Fiscal Policies, the Current Account and Ricardian Equivalence
Nickel, Christiane - 2008
This paper analyses the empirical relationship between fiscal policy and the current account of the balance of payments and considers how Ricardian equivalence changes this relationship. To do so, we estimate a dynamic panel threshold model for 22 industrialised countries in which the...
Persistent link: https://www.econbiz.de/10012770620
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The Modality of Fiscal Consolidation and Current Account Adjustment
Adam, Antonis - 2015
In this paper we argue that supply-side adjustments (i.e. the reallocation of productive resources between the traded and non-traded sectors) can be an important determinant of the output costs of current account adjustment. The argument relies on the fact that tax evasion is more prevalent in...
Persistent link: https://www.econbiz.de/10013018270