Empirical Analysis of Determinants of International Competitiveness
... competitiveness depends on several factors such as exchange rates, transport costs and country preferences. However, macroeconomic theory considers that decline in real exchange rate stimulates exports, in the sense that the devaluation of the currency of a country relative to its competitor is refl ...
... competitiveness depends on several factors such as exchange rates, transport costs and country preferences. However, macroeconomic theory considers that decline in real exchange rate stimulates exports, in the sense that the devaluation of the currency of a country relative to its competitor is refl ...
Accounting for Real Exchange Rates using Micro
... and not to services because the NIPA data treat the market for services as an arms-length transaction between the service provider and the end consumer. That is, a medical bill paid by a consumer or health insurance company would be recorded as having no distribution margin (or non-traded inputs) by ...
... and not to services because the NIPA data treat the market for services as an arms-length transaction between the service provider and the end consumer. That is, a medical bill paid by a consumer or health insurance company would be recorded as having no distribution margin (or non-traded inputs) by ...
Oil Price Uncertainty in a Small Open Economy Yusuf Soner BAŞKAYA Timur HÜLAGÜ
... To the best of our knowledge, the only previous attempt to study business cycle implications of variations in oil price volatility in a general equilibrium setting is Plante and Traum (2012), who analyze the effects of oil price uncertainty for the U.S. economy, abstracting from open economy questio ...
... To the best of our knowledge, the only previous attempt to study business cycle implications of variations in oil price volatility in a general equilibrium setting is Plante and Traum (2012), who analyze the effects of oil price uncertainty for the U.S. economy, abstracting from open economy questio ...
Comparing 50 years of labor productivity in U.S. and foreign manufacturing
... the manufacturing sector increased less in the United States than in the other G-7 countries—Canada, Japan, and Europe G-4 (France, Germany, Italy, and the United Kingdom). (See table 1; definitions of the measures presented in table 1 and in subsequent tables can be found in the appendix.) This slo ...
... the manufacturing sector increased less in the United States than in the other G-7 countries—Canada, Japan, and Europe G-4 (France, Germany, Italy, and the United Kingdom). (See table 1; definitions of the measures presented in table 1 and in subsequent tables can be found in the appendix.) This slo ...
International Political Economy: Perspectives on Global Power and
... At the same time, other scholars were looking increasingly at the political realm in isolation from the economy. The rise of modern representative political institutions, mass political parties, more politically informed populations, and modern bureaucracies all seemed to justify the study of politi ...
... At the same time, other scholars were looking increasingly at the political realm in isolation from the economy. The rise of modern representative political institutions, mass political parties, more politically informed populations, and modern bureaucracies all seemed to justify the study of politi ...
Remittances in Armenia
... intend to compensate (punish) the recipients of remittances for adverse (favorable) evolution of income.12 Also, the dram exchange rate does not appear to affect remittances.13 The inclusion of the change in the nominal exchange rate is useful for examining whether migrants tend to remit more or les ...
... intend to compensate (punish) the recipients of remittances for adverse (favorable) evolution of income.12 Also, the dram exchange rate does not appear to affect remittances.13 The inclusion of the change in the nominal exchange rate is useful for examining whether migrants tend to remit more or les ...
Distributional and Welfare Consequences of Disinflation in Emerging Economies Enes SUNEL
... This paper undertakes a quantitative investigation of the distributional and welfare consequences of a sharp decline in inflation in a small open economy. One of the building blocks of the motivation of this study is the observation that globally observed disinflation in the last two decades has bee ...
... This paper undertakes a quantitative investigation of the distributional and welfare consequences of a sharp decline in inflation in a small open economy. One of the building blocks of the motivation of this study is the observation that globally observed disinflation in the last two decades has bee ...
NBER WORKING PAPER SERIES FINANCIAL OPENNESS, SUDDEN STOPS AND CURRENT ACCOUNT REVERSALS
... using a new index based on Dennis Quinn’s (2003) index of capital mobility. This index goes from 1 to 100, with higher values denoting a higher degree of financial integration. Thus, countries with stricter capital controls have a lower value of this index. Since I am interested in understanding the ...
... using a new index based on Dennis Quinn’s (2003) index of capital mobility. This index goes from 1 to 100, with higher values denoting a higher degree of financial integration. Thus, countries with stricter capital controls have a lower value of this index. Since I am interested in understanding the ...
Banking in 2050 www.pwc.co.uk/financialservices How the financial crisis has affected the long term
... We expect China could overtake the US by around 2030 based on GDP measured by market exchanges rates (it could be before 2020 based on PPPs). However, we expect China’s rate of growth to slow down over time due to its rapidly ageing population as a result of its single child policy and as its growth ...
... We expect China could overtake the US by around 2030 based on GDP measured by market exchanges rates (it could be before 2020 based on PPPs). However, we expect China’s rate of growth to slow down over time due to its rapidly ageing population as a result of its single child policy and as its growth ...
Regime shift and fast recovery on the periphery
... in 1928. The new data embody a conventional monetary aggregate, M1, which grew by 5.1 per cent in 1928, whereas Rankin used trading bank call and fixed deposits, which rose by 11.4 per cent.19 The higher real GDP growth for the 1920s shown by Rankin’s series derives also from his use of relatively f ...
... in 1928. The new data embody a conventional monetary aggregate, M1, which grew by 5.1 per cent in 1928, whereas Rankin used trading bank call and fixed deposits, which rose by 11.4 per cent.19 The higher real GDP growth for the 1920s shown by Rankin’s series derives also from his use of relatively f ...
WT/BOP/R/91 - WTO Documents Online
... Answering a question regarding the nature of a balance-of-payments crisis in a dollarized economy, the representative of the IMF said that a balance of payments crisis affected the economy mainly by reducing domestic liquidity and weakening confidence. This could have a strong impact on the level of ...
... Answering a question regarding the nature of a balance-of-payments crisis in a dollarized economy, the representative of the IMF said that a balance of payments crisis affected the economy mainly by reducing domestic liquidity and weakening confidence. This could have a strong impact on the level of ...
NBER WORKING PAPER SERIES HOUSING DYNAMICS Edward L. Glaeser Joseph Gyourko
... Enterprise Oversight (OFHEO) constant quality house price series, a $1 increase in real house prices in one year is associated with a 71 cent increase the next year. A $1 increase in local market prices over the past five years is associated with a 32 cent decrease over the next five year period. Th ...
... Enterprise Oversight (OFHEO) constant quality house price series, a $1 increase in real house prices in one year is associated with a 71 cent increase the next year. A $1 increase in local market prices over the past five years is associated with a 32 cent decrease over the next five year period. Th ...
NBER WORKING PAPER SERIES TERMS OF TRADE SHOCKS AND FISCAL CYCLES
... may be quoted without explicit permission provided that full credit, including © notice, is given to the source. ...
... may be quoted without explicit permission provided that full credit, including © notice, is given to the source. ...
NBER Reporter The Development of the American Economy
... A new, free NBER email service gives you daily email links to all U.S. government data releases, including unemployment, trade, interest rates, GDP, etc. We keep track of your preferences and email you the requested links when they are released. To sign up for any or all of the government releases, ...
... A new, free NBER email service gives you daily email links to all U.S. government data releases, including unemployment, trade, interest rates, GDP, etc. We keep track of your preferences and email you the requested links when they are released. To sign up for any or all of the government releases, ...
Why We Shouldn`t Turn Our Backs on Globalization
... Latin America is very strong. Many of the residents in Latin America have turned against globalization because they have been disappointed in the amount of economic growth since 1990, when they opened up their economies, particularly to foreign capital flows. Some countries (such as Mexico, Ecuador, ...
... Latin America is very strong. Many of the residents in Latin America have turned against globalization because they have been disappointed in the amount of economic growth since 1990, when they opened up their economies, particularly to foreign capital flows. Some countries (such as Mexico, Ecuador, ...
MultiFractality in Foreign Currency Markets
... better explanatory paradigm of asset prices behavior. We merely wish to emphasize the need for revising the EMH and provide data to this end. The existing literature proposes several approaches for verifying whether a foreign exchange market is more or less efficient. In the remainder of this sectio ...
... better explanatory paradigm of asset prices behavior. We merely wish to emphasize the need for revising the EMH and provide data to this end. The existing literature proposes several approaches for verifying whether a foreign exchange market is more or less efficient. In the remainder of this sectio ...
paper - Vancouver School of Economics
... data for only one year. These base year estimates are then projected to all other years using national growth rates of GDP. Section 4 uses the PPPs for 2000 and section 5 uses the PPPs for 2012. We find that the resulting two panel sets of real GDP estimates are very different from each other and t ...
... data for only one year. These base year estimates are then projected to all other years using national growth rates of GDP. Section 4 uses the PPPs for 2000 and section 5 uses the PPPs for 2012. We find that the resulting two panel sets of real GDP estimates are very different from each other and t ...
Integration of the Mexican Stock Market Abstract Alonso Gomez Albert ∗
... Financial markets have become steadily more open to foreign investors over the last forty years. Markets are considered integrated if assets with the same risk have identical expected returns regardless of their national status or where they are traded. Integrated capital markets provide the opportu ...
... Financial markets have become steadily more open to foreign investors over the last forty years. Markets are considered integrated if assets with the same risk have identical expected returns regardless of their national status or where they are traded. Integrated capital markets provide the opportu ...
S33898F437_en.pdf
... ingredient can lead to failure. Dom estic efforts are crucial, but also the external environm ent is m ost relevant. Our m ain concern is the effect on growth and equity, the two crucial joint objectives of econom ic policy. The aim is to develop a growing, better functioning econom y, in which both ...
... ingredient can lead to failure. Dom estic efforts are crucial, but also the external environm ent is m ost relevant. Our m ain concern is the effect on growth and equity, the two crucial joint objectives of econom ic policy. The aim is to develop a growing, better functioning econom y, in which both ...
The currency union effect on trade - Inter
... countries that share a common currency trade three times more than two similar countries with different currencies. Yet while the rapidly expanding literature on this issue, which we will review in the next section, has generally found large and significant common currency effects, it is not clear w ...
... countries that share a common currency trade three times more than two similar countries with different currencies. Yet while the rapidly expanding literature on this issue, which we will review in the next section, has generally found large and significant common currency effects, it is not clear w ...
The Policy Analysis Matrix Computer Tutorial
... table and add the data for additional commodities shown in Table 2.1. Also, add additional rows to the table and label them Shelling and Drying. The physical data for the paddy and non-paddy crops shown in Table 2.1 contain numerous assumptions. The paddy growing environments are distinguished by di ...
... table and add the data for additional commodities shown in Table 2.1. Also, add additional rows to the table and label them Shelling and Drying. The physical data for the paddy and non-paddy crops shown in Table 2.1 contain numerous assumptions. The paddy growing environments are distinguished by di ...