Economic performance increasingly relies on global economic environment due to the growing importance of trade and financial links among countries. This work aims to analyze the possible effects of a potential economic growth downturn or one large negative shock in China, Germany and United...

Real exchange rate is an important macroeconomic price in the economy and affects economic activity, interest rates, domestic prices, trade and investments flows among other variables. Methodologies have been developed in empirical exchange rate misalignment studies to evaluate whether a real...

This paper aims to test the current account approach for UK and USA data. In order to do this it's used Johansen, S. and A. R. Swensen (1999) methodology to test exactly a restriction implied by a rational expectation model. All the parameters are estimated directly from the econometric model...