Zobrazeno 1 - 10
of 1 733
pro vyhledávání: '"jel:F32"'
Autor:
Tavares, Tiago
Publikováno v:
SSRN Electronic Journal.
Highly indebted developing economies commonly also hold large external reserves. This behavior seems puzzling given that governments in these countries borrow with an interest rate penalty to compensate lenders for default risk. Reducing debt to the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ee8d2511b2035b6c67074d6bb8115f08
https://doi.org/10.2139/ssrn.4426904
https://doi.org/10.2139/ssrn.4426904
Autor:
Stefan Notz, Peter Rosenkranz
Publikováno v:
International Review of Economics & Finance. 76:424-450
Understanding differences in business cycle phenomena between Emerging Market Economies (EMEs) and industrialized countries has been at the center of recent research on macroeconomic fluctuations. The purpose of this paper is to investigate the impor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dd165032571e2b3738d6ca6e54f9a56f
https://doi.org/10.1016/j.iref.2021.04.010
https://doi.org/10.1016/j.iref.2021.04.010
Autor:
Gregory Phelan, Alexis Akira Toda
Publikováno v:
Journal of Financial Economics. 131:571-592
We study the effect of collateralized lending and securitization on the global supply of securitized assets, welfare, and international net and gross capital flows in a two country general equilibrium model with idiosyncratic investment risk. The fin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::814255178d12746a8b5e118efc12eaeb
https://doi.org/10.1016/j.jfineco.2018.08.011
https://doi.org/10.1016/j.jfineco.2018.08.011
Autor:
John C. Bluedorn
Hurricanes in the Caribbean and Central America represent a natural experiment to test the intertemporal approach to current account determination. The intertemporal approach allows for the possibility of intertemporal trade, via international borrow
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::67f8f7c69ff30282a997131666c84d5f
https://ora.ox.ac.uk/objects/uuid:013e6dae-ed66-445f-a6f7-1c2dc16245f8
https://ora.ox.ac.uk/objects/uuid:013e6dae-ed66-445f-a6f7-1c2dc16245f8
Publikováno v:
The Economic Journal. 129:897-924
During the 1990s and 2000s, survey expectations of long-run output growth for the U.S. relative to the rest of the world were highly correlated with the U.S. current account, and thus, with global imbalances. We show that this finding is, to a large
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4bbdb51986c6c84a283777acf7fe050e
https://doi.org/10.1111/ecoj.12539
https://doi.org/10.1111/ecoj.12539
Autor:
Francisco J. Buera, Yongseok Shin
Publikováno v:
American Economic Journal: Macroeconomics. 9:147-185
Why doesn't capital flow into fast-growing countries? In this paper, we provide a quantitative framework incorporating heterogeneous producers and underdeveloped domestic financial markets to study the joint dynamics of total factor productivity (TFP
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4e8cb4129619c846ae5673a2e5188e65
https://doi.org/10.1257/mac.20160307
https://doi.org/10.1257/mac.20160307
Autor:
Martin D.D. Evans
Publikováno v:
Journal of International Economics. 107:165-184
I present a new model for the U.S. external position that accounts for the accumulation of international debt over the past 60 years. The model is based on the present value restriction that links a country's external position to future trade flows a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::96d7996e28cb0c14368136e5de86de08
https://doi.org/10.1016/j.jinteco.2017.04.002
https://doi.org/10.1016/j.jinteco.2017.04.002
Autor:
Antonis Adam, Thomas Moutos
Publikováno v:
CESifo Economic Studies. 63:162-181
In this article, we argue that supply-side adjustments (i.e. the reallocation of productive resources between the traded and non-traded sectors) can be an important determinant of the output costs of current account adjustment. The argument relies on
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cfd398eb545592a6633ab5134c1913d6
https://doi.org/10.1093/cesifo/ifw020
https://doi.org/10.1093/cesifo/ifw020
Autor:
Francesco Saraceno, Alberto Cardaci
Publikováno v:
Journal of Evolutionary Economics, 29(3), 853-890 (2019-07)
Our paper investigates the impact of rising inequality in a two-country macroeconomic model with an agent-based household sector characterized by peer effects in consumption. In particular, the model highlights the role of inequality in determining d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ba852e6c0113ab8309795d80dc03e168
https://spire.sciencespo.fr/hdl:/2441/e222osgnt859os6g897r4ju4u
https://spire.sciencespo.fr/hdl:/2441/e222osgnt859os6g897r4ju4u
Autor:
Mayer, Thierry, Steingress, Walter
This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______3063::fa1afc93883319a02ea561fb9cc3b5be
https://spire.sciencespo.fr/hdl:/2441/7r7b5deua18sgqefn2auv6hpsl
https://spire.sciencespo.fr/hdl:/2441/7r7b5deua18sgqefn2auv6hpsl