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Foreign customer accumulation and export dynamics

Tjaden, Volker - 2013

I present a dynamic fixed cost model of export participation extended by a capital theoretic concept of the customer … in the sample saw a strong increase in export activity which provides a suitable case study for the predictive power of … able to reconcile a strong export reaction to trade liberalizations with a low elasticity of aggregate exports to exchange …

Persistent link: https://www.econbiz.de/10010191654

International transmission of credit shocks in an equilibrium model with production heterogeneity

Imura, Yuko; Thomas, Julia K. - 2015

Many policy-makers and researchers view the recent financial and real economic crises across North America, Europe and beyond as a global phenomenon. Some have argued that this global recession has a common source: the U.S. financial crisis. This paper investigates the extent to which a credit...

Persistent link: https://www.econbiz.de/10011280030

Good news is bad news : leverage cycles and sudden stops

Akinci, Ozge; Chahrour, Ryan - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about "sudden stop" events. "Good" news about future productivity raises leverage during times of expansion, increasing the...

Persistent link: https://www.econbiz.de/10011338832

Good News Is Bad News : Leverage Cycles and Sudden Stops

Akinci, Ozge - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about “sudden stop” events. “Good” news about future productivity raises leverage during times of expansion, increasing...

Persistent link: https://www.econbiz.de/10013014942

Risk Sharing and Real Exchange Rates : The Role of Non-Tradable Sector and Trend Shocks

Akkoyun, Hüseyin - 2017

Most of the international macro models, in contrast to the data, imply a very high level of risk sharing across countries and very low real exchange rate (RER) volatility relative to output. In this paper we show that a standard two-country two-good model augmented with conintegrated TFP...

Persistent link: https://www.econbiz.de/10012962025

A Survey on the Determination of Nominal Exchange Rate for USD vis-à-vis INR

Pillin, Punit - 2018

In this paper, I have investigated the out of sample forecast performance for a case study on the determination of the nominal exchange rate for USD vis-à-vis IN¬R under VEC, VAR (in first difference) and Bayesian VAR specification with the help of set of economic theories. The forecast...

Persistent link: https://www.econbiz.de/10012910274

Exposure to International Crises : Trade vs. Financial Contagion

Grant, Everett - 2017

I identify new patterns in countries' economic performance over the 2007-2014 period based on proximity through distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross-country variation, I develop an open economy model with...

Persistent link: https://www.econbiz.de/10012968486

Exposure to International Crises : Trade vs. Financial Contagion

Grant, Everett - 2016

I identify new patterns in countries' recoveries following the 2008 Global Crisis based on proximity through distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis zones. To understand the causes of the cross-country variation in recoveries, I develop an open economy...

Persistent link: https://www.econbiz.de/10013003813

Can Indeterminacy and Self-Fulfilling Expectations Help Explain International Business Cycles? A Preliminary Investigation

McKnight, Stephen - 2016

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition and analyze whether self-fulfilling, belief-driven fluctuations (i.e., sunspot shocks) can help resolve the major puzzles of international business cycles. We find that a combination of...

Persistent link: https://www.econbiz.de/10013004783

Financial Frictions and the International Transmission of Shocks

Park, Woong Yong - 2019

This study presents a two-good, two-country model with financial frictions, where banks facing a borrowing constraint intermediate funds between households and firms. The endogenous fluctuations of international relative prices increase the business cycle co-movement across countries when...

Persistent link: https://www.econbiz.de/10012858531

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