Showing 61 - 70 of 165,426
research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend … constructive framework for studying China's modern macroeconomy …
Persistent link: https://www.econbiz.de/10013021010
global economic growth-China and India. China's Trilemma configurations are unique relative to other emerging markets in the …
Persistent link: https://www.econbiz.de/10013086518
financial markets. Although the People's Republic of China (PRC) does not have either an open capital account or a flexible … shares of global trade and gross domestic product. Through bilateral swaps that the People's Bank of China has established …
Persistent link: https://www.econbiz.de/10013056313
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation … operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower … policy space open to China …
Persistent link: https://www.econbiz.de/10013061076
The paper focuses on China’s economic integration with Asia region and the world. It also attempts to find the long run … relation with short run dynamics of China’s trade in Asia and the world. The augmented Dicky-Fuller (ADF) and Phillips … the economic integration of China’s export to the US and its import from Asian nations using monthly aggregate data from …
Persistent link: https://www.econbiz.de/10011271304
Die vorliegende Arbeit untersucht, wie sich Angebots-, Nachfrage- und geldpolitische Schocks aus den Vereinigten Staaten auf Deutschland übertragen. Dabei wird ein so genanntes factor-augmented vector autoregressive model (FAVAR) auf einen neu zusammengestellten Datensatz mit mehr als 200...
Persistent link: https://www.econbiz.de/10003919815
This paper explores how non-U.S. central banks behave when firms in their economies engage in currency mismatch, borrowing more heavily in dollars than justified by their operating exposures. We begin by documenting that, in a panel of 53 countries, central bank holdings of dollar reserves are...
Persistent link: https://www.econbiz.de/10013477280
This paper studies the implications of household heterogeneity for trade. I develop a model where household heterogeneity is induced via incomplete markets and results in heterogeneous price elasticities. Conditional on exposure to trade, heterogeneous price elasticities imply that different...
Persistent link: https://www.econbiz.de/10014421236
Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...
Persistent link: https://www.econbiz.de/10012928627
The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...
Persistent link: https://www.econbiz.de/10014219454