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A Derivation of the Optimal Current Account Balance for Barbados, Jamaica and Trinidad and Tobago

Jordan, Alwyn; Stanford, Sunielle - 2008

intertemporal consumption-smoothing model. This paper applies the intertemporal consumption-smoothing model - which is used to … efficacy of the model. The findings indicate that the optimal consumption-smoothing model is neither applicable to Barbados nor …

Persistent link: https://www.econbiz.de/10014215499

Productivity Shocks, Habits, and the Current Account

Gruber, Joseph - 2003

, Gruber (2001), I have tested an ICA model that allows for habits in aggregate consumption via the present value method. This …

Persistent link: https://www.econbiz.de/10014111087

Sermayenin Verimli Kullaniminda İnşaat – Sanayi Çelişkisi (Paradox of Construction and Industral Investments in Terms of Efficient Use of Capital)

Asici, Mehmet - 2016

Turkish Abstract: Türkiye'de düşük seviyede olan tasarrufların, gayrimenkulde yoğunlaşması sorununu irdeleyen bir çalışmadır. Tasarrufların hem miktarının hem de döviz kazandırıcı işlevinin artırılması ile yurt içindeki konut fiyat yükselişlerinin azaltılmasına...

Persistent link: https://www.econbiz.de/10012998839

A Simple Model of an Oil Based Global Savings Glut - The 'China Factor' and the OPEC Cartel

Belke, Ansgar Hubertus - 2015

The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...

Persistent link: https://www.econbiz.de/10013039289

Current Account Dynamics Under Information Rigidity and Imperfect Capital Mobility

Shibata, Akihisa - 2018

dynamics together with persistent changes in consumption. The RE model extended with imperfect capital mobility by Shibata and … Shintani (1998) can account for persistent changes in consumption, but only at the cost of the explanatory power for the …) in which consumers are inattentive to shocks to their income and infrequently adjust their consumption. The SI model can …

Persistent link: https://www.econbiz.de/10012915090

Household Wealth & the Net International Investment Position

Allen, Cian - 2018

Aggregate household wealth dynamics are closely associated with fluctuations of the economy. However, the linkages between household wealth dynamics and cross-border financial holdings have remained unexamined. Thanks to the recent assembly of an essential dataset, this paper assesses these...

Persistent link: https://www.econbiz.de/10012921962

Revisiting External Imbalances : Insights from Sectoral Accounts

Allen, Cian - 2018

This paper revisits the period of substantial widening of external imbalances in advanced economies in the run-up to the global financial crisis and their adjustment since then. We take a granular look at these imbalances through the lens of their domestic counterpart: the net financial balance...

Persistent link: https://www.econbiz.de/10012922034

Current Account Dynamics Under Information Rigidity and Imperfect Capital Mobility

Shibata, Akihisa - 2018

consumption dynamics. The RE model extended with imperfect capital mobility by Shibata and Shintani (1998) can account for the … consumption dynamics, but only at the cost of the explanatory power for the volatility of the current account. This paper replaces … overpredicts the persistence of changes in consumption. The SI model extended with imperfect capital mobility explains both the …

Persistent link: https://www.econbiz.de/10012908417

Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries

Xu, Can; Jacobs, Jan; Haan, Jakob de - 2021

We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...

Persistent link: https://www.econbiz.de/10013224078

Japan's Foreign Assets and Liabilities : Implications for the External Accounts

Colacelli, Mariana; Gautam, Deepali; Rebillard, Cyril - 2021

The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yields on...

Persistent link: https://www.econbiz.de/10013243059