Similar Search Results

The Zero-Root Property : Permanent vs Temporary Terms of Trade Shocks

Olivier, CARDI - Institut de Recherche Économique et Sociale (IRES), … - 2005

This contribution shows that the persistence and the time of occurence of the shock matter in determining the long … disturbance, (ii) real expense may rise or fall in the long-run after an anticipated future permanent negative external shock …

Persistent link: https://www.econbiz.de/10004984841

Prospects for global current account rebalancing

Beaton, Kimberly; De Resende, Carlos; Lalonde, René; … - 2010

The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...

Persistent link: https://www.econbiz.de/10003981363

Capital Flows, Interest Rates and Precautionary Behaviour : A Model of Global Imbalances

Miller, Marcus H. - 2006

A dynamic stochastic model of global equilibrium, where countries outside the U.S. face higher risk than the U.S. itself, predicts current account surpluses in the RoW and U.S. deficits. With Loss Aversion, such precautionary savings can cause substantial 'global imbalances', particularly if...

Persistent link: https://www.econbiz.de/10012732682

Fiscal policy, international spillovers, and endogenous productivity

Klein, Mathias; Linnemann, Ludger - Sonderforschungsbereich Statistical Modelling of … - 2021

Persistent link: https://www.econbiz.de/10013177112

Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the … round of monetary expansion in the EMU. -- monetary union ; German unification ; asymmetric shock ; current account … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …

Persistent link: https://www.econbiz.de/10008798227

Trend Shocks and the Countercyclical U.S. Current Account

Amdur, David - 2012

identify trend and transitory shocks to U.S. productivity using generalized method of moments (GMM) estimation. The …

Persistent link: https://www.econbiz.de/10013103623

Productivity Shocks, Habits, and the Current Account

Gruber, Joseph W. - 2003

methodologies, present value tests and a productivity shock approach as formulated in Glick and Rogoff (1995). In previous work …

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

Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Schnabl, Gunther - 2013

theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the …

Persistent link: https://www.econbiz.de/10013094029

Funding under borrowing limits in international portfolios

Trani, Tommaso - 2012

the source of debt which is most sensitive to shocks is foreign funding. In fact, any shock creates a wedge between the …

Persistent link: https://www.econbiz.de/10010316721

Demography, financial openness, national savings and external balance

Graff, Michael (contributor); Tang, Kam Ki (contributor); … - 2008

of semi-structural equations from national accounting principle and the principle that external balances for the world as …-structural equations give much more plausible estimation results for saving and investment than conventional specification. -- Demography …

Persistent link: https://www.econbiz.de/10003767733