Showing 1 - 10 of 139,825
Persistent link: https://www.econbiz.de/10009729492
Our objective is to study the dynamic effects of an oil price shock on economic key variables and on the current account of a small open economy. To do this, we introduce time non-separable preferences in a standard model of a small open economy, where labor supply is endogenous and imported oil...
Persistent link: https://www.econbiz.de/10013159155
shocks across the globe. Using a large-scale structural vector autoregression (SVAR) model that allows for an evolving …
Persistent link: https://www.econbiz.de/10012897959
within the SVAR framework and sheds light on recent data. More specifically, as for the empirical results, we find China …
Persistent link: https://www.econbiz.de/10013004154
-goods inter-temporal framework, we build a SVAR model including the world real interest rate, net output, real exchange rate, and … the current account. The theory model allows for the identification of structural shocks in the SVAR using longrun …
Persistent link: https://www.econbiz.de/10010277812
-goods inter-temporal framework, we build a SVAR model including the world real interest rate, net output, real exchange rate, and … the current account. The theory model allows for the identification of structural shocks in the SVAR using longrun …
Persistent link: https://www.econbiz.de/10005061439
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
The aim of this paper is to examine effectiveness of devaluation on the trade balance in four countries: Argentina …-run and short-run effects of devaluation on the trade balance. The estimated results suggest that depreciation improve the …
Persistent link: https://www.econbiz.de/10013063886
recent euro periphery crisis. Trade costs can limit the pass-through of internal devaluation on export prices. Using data on … the euro periphery fiscal devaluation programs, and show that it can account for the most salient features of the data …
Persistent link: https://www.econbiz.de/10011639619
Autoregressive (SVAR) methodology is applied incorporating realized volatility as an indicator of oil price uncertainty to …, SVAR analysis reveals the significant role of exogenous oil prices on the economy of South Africa when price uncertainty …
Persistent link: https://www.econbiz.de/10012023148