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Blanchard, Olivier J. - 2010

been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does … do so could result in the world economy being stuck in “midstream," threatening the sustainability of the recovery …

Persistent link: https://www.econbiz.de/10013149670

Liquidity Traps, Prudential Policies, and International Spillovers

Bianchi, Javier; Coulibaly, Louphou - National Bureau of Economic Research - 2022

This paper studies the transmission channels of monetary and macroprudential policies in an open economy framework and evaluates the normative implications for international spillovers and global welfare. An analytical decomposition uncovers the prominent role of expenditure switching for...

Persistent link: https://www.econbiz.de/10013210066

Sovereign Cocos

Hatchondo, Juan; Martinez, Leonardo; Önder, Yasin Kürşat - 2022

shock, achieve larger welfare gains by reducing default risk …

Persistent link: https://www.econbiz.de/10013289445

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/10010289703

Is poor household saving the cause of New Zealand's high current account deficit?

Wilkinson, Bryce; Le, Trinh - East Asian Bureau of Economic Research (EABER) - 2008

commentators asserting that low household saving is a major cause of these deficits. Yet, in standard macroeconomic theory, both …

Persistent link: https://www.econbiz.de/10009365487

Developments in the external balance of the Hungarian economy: indebtedness and adjustment

Hoffmann, Mihály; Kóczián, Balázs; Koroknai, Péter - In: MNB Bulletin 8 (2013) Special, pp. 69-80

Developments in Hungary’s external assets and external liabilities are particularly important in assessing the external vulnerability of the economy. Focusing mainly on the financing processes, this study presents an overview of the structure of the foreign funds between 1998 and 2012, and...

Persistent link: https://www.econbiz.de/10010759895

The Blind Men and the Elephant

Eichengreen, Barry - In: Ensayos Económicos 1 (2009) 53-54, pp. 25-57

world at large. At the same time, favorable productivity trends turned the United States into a good place to invest, thus …

Persistent link: https://www.econbiz.de/10010849641

Is poor household saving the cause of New Zealand's high current account deficit?

Le, Trinh Van Thi; Wilkinson, Bryce - New Zealand Institute of Economic Research - 2008

commentators asserting that low household saving is a major cause of these deficits. Yet, in standard macroeconomic theory, both …

Persistent link: https://www.econbiz.de/10010895284

Retained earnings and foreign portfolio ownership: Implications for the current account debate

Goldbach, Stefan; Harms, Philipp; Jochem, Axel; Nitsch, … - 2023

In some countries, a sizable fraction of savings is derived from corporate savings. Although larger, traded corporations are often co-owned by foreign portfolio investors, current international accounting standards allocate all corporate savings to the host country. This paper suggests a...

Persistent link: https://www.econbiz.de/10014293729

Intertemporal approach to the balance of payments: relationship between savings and investments in the rich, poor and transition countries

Brada, Josef C.; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 2, pp. 147-161

to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital … vary. The paper contributes to this economic theory by the empirical analysis carried out with a large sample of countries … domestic saving, investment, and world capital mobility, which is based on the level of economic development of a country. The …

Persistent link: https://www.econbiz.de/10005036654