Similar Search Results

Explaining ther persistence of deviations from PPP : a non-linear Harrod-Balassa-Samuelson effect?

Sager, Michael - In: Applied financial economics 16 (2006) 1/2, pp. 41-61

Persistent link: https://www.econbiz.de/10003291782

The U.S. dollar and trade deficit: what accounts for the late 1990s?

Hunt, Benjamin F.; Rebucci, Alessandro - 2003

Persistent link: https://www.econbiz.de/10001871833

The US dollar and the trade deficit : what accounts for the late 1990s?

Hunt, Benjamin F.; Rebucci, Alessandro - In: International finance 8 (2005) 3, pp. 399-434

Persistent link: https://www.econbiz.de/10003242835

The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?

Hunt, Ben - 2003

between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both …

Persistent link: https://www.econbiz.de/10014399692

The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990s?

Hunt, Ben; Rebucci, Alessandro - 2021

between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined risk premium shock, and some uncertainty about the persistence of both shocks …

Persistent link: https://www.econbiz.de/10013317763

International risk-sharing and the transmission of productivity shocks

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004

A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

Persistent link: https://www.econbiz.de/10009636531