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achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10010234637
achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10012973548
achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10013057259
achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10010332463
achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10010333441
achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …
Persistent link: https://www.econbiz.de/10010747221
We analyze the global imbalances and the required adjustments for rebalancing in current accounts and real exchange rates. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of China initially is one third of the US but its size becomes...
Persistent link: https://www.econbiz.de/10009407603
This paper shows that the degree of competition affects the current account response to nominal shocks. The mechanism hinges on the relationship between the mark-up and the degree of real rigidity of prices. In a model with intermediate goods, the degree of real rigidity increases in the markup....
Persistent link: https://www.econbiz.de/10001677768
Der vorliegende Beitrag zeigt, dass der Grad der Wettbewerbsintensität die Reaktion der Leistungsbilanz auf nominale … Leistungsbilanz. Zunächst wird das Verhältnis zwischen dem Mark-up und der realen Rigidität in einem einfachen Modell einer … geschlossenen Volkswirtschaft untersucht. Anschließend wird numerisch dargestellt, wie der Mark-up die Reaktion der Leistungsbilanz …
Persistent link: https://www.econbiz.de/10011431608
After the decline in oil prices, many oil exporters face the need to improve their externalbalances. Special characteristics of oil exporters make the exchange rate an ineffectiveinstrument for this purpose and give fiscal policy a sizeable role. These conclusions aresupported by regression...
Persistent link: https://www.econbiz.de/10012977864