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Foreign Capital Inflow, Non-Traded Intermediary, Urban Unemployment and Welfare in a Small Open Economy : A Theoretical Analysis

Chaudhuri, Sarbajit - 2014

The paper attempts to analyze the implications of foreign capital inflow in a small open economy with a non-traded intermediary on the welfare and urban unemployment in a three-sector Harris-Todaro (1970) framework. The standard immiserizing result of a foreign capital inflow has been found to...

Persistent link: https://www.econbiz.de/10014115476

Foreign Capital Inflow, Non-Traded Intermediary, Urban Unemployment and Welfare in a Small Open Economy : A Note

Chaudhuri, Sarbajit - 2014

The paper attempts to analyze the implications of foreign capital inflow in a small open economy with a non-traded intermediary on the welfare and urban unemployment in a three- sector Harris-Todaro (1970) framework. The standard immiserizing result of a foreign capital inflow has been found to...

Persistent link: https://www.econbiz.de/10014118151

The Expectations-Driven Us Current Account

Hoffmann, Mathias - 2016

Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region...

Persistent link: https://www.econbiz.de/10012988793

Optimally Controlled Long-Term Stability : Bond Financed Reserves in a Small Open Economy

Lee, Jeo - 2010

This paper is concerned with international reserves where the accumulation of reserves is financed by public debt. Optimally controlled paths are used to illustrate the possibility of long term instability in a small macroeconomic system. The results indicate that reserve accumulation financed...

Persistent link: https://www.econbiz.de/10013141652

International Policy Spillovers at the Zero Lower Bound

Haberis, Alex - 2012

open economy ('home') in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB …

Persistent link: https://www.econbiz.de/10013106784

International Policy Spillovers at the Zero Lower Bound

Haberis, Alex - 2012

open economy (‘home') in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB …

Persistent link: https://www.econbiz.de/10013099666

International propagation of financial shocks in a search and matching environment

Isoré, Marlène - 2011 - First draft: April 30, 2010, This version: April 13, 2011

This paper develops a two-country multi-frictional model where the freeze on liquidity access to commercial banks in one country raises unemployment rates via credit rationing in both countries. The expenditure-switching channel, whereby asymmetric monetary shocks traditionally lead to negative...

Persistent link: https://www.econbiz.de/10011346436

International transmission of shocks, money illusion and the velocity of money

Sousa, Teresa - 2011

economy. Furthermore we introduce a velocity of money shock revisiting the Quantity Theory of Money within the open economy … paradigm of microeconomic theory and invoked since a tendency to think in nominal rather than real terms becomes evident in the … a productivity shock are increasing in the degree of money illusion and decreasing in the degree of openness of the …

Persistent link: https://www.econbiz.de/10009379782

The Role of Consumption Substitutability in the International Transmission of Shocks

Tille, Cédric - 2006

expansionary shock that would be beneficial in a closed economy can have an adverse quot;beggar-thyselfquot; effect in the country …

Persistent link: https://www.econbiz.de/10012735734

Monetary Policy Shocks in a Two-Sector Open Economy : An Empirical Study

Llaudes, Ricardo - 2007

This paper studies the effects and the transmission mechanism of unexpected monetary policy shocks in an open economy setting within the context of a VAR frame-work. It considers an economy with two sectors, a tradable sector and a non-tradable sector. For a given country, economic sectors are...

Persistent link: https://www.econbiz.de/10012776366