![DETERMINANTS OF U.S. PRIVATE FOREIGN DIRECT](http://s1.studyres.com/store/data/002888620_1-676ede5072a0bbe407b7932e24414bd2-300x300.png)
DETERMINANTS OF U.S. PRIVATE FOREIGN DIRECT
... while Contractor emphasized the consequences of government policies in inducing FDI flows. In general, the two studies conceptually share the same theoretical framework that the stock of FDI flows are functions of host country locational characteristics. While these studies have offered some perspec ...
... while Contractor emphasized the consequences of government policies in inducing FDI flows. In general, the two studies conceptually share the same theoretical framework that the stock of FDI flows are functions of host country locational characteristics. While these studies have offered some perspec ...
Dynamics of Firms and Trade in General Equilibrium
... increases (less than due to intensive margin only) and import quantities fall, opposite to what the data show. ● DJK solution: imports are only of intermediate goods, so they move together with domestic sales and exports. This a good approximation to Japanese data, where the share of imported interm ...
... increases (less than due to intensive margin only) and import quantities fall, opposite to what the data show. ● DJK solution: imports are only of intermediate goods, so they move together with domestic sales and exports. This a good approximation to Japanese data, where the share of imported interm ...
Economic Papers. 173. Latin America`s integration processes in the
... Since the early 1960s, a number of subregional trade and economic integration processes involving Latin American countries have developed. They include, in historical order, the Central American Common Market (CACM), the Andean Community, Mercosur, and the North American Free Trade Agreement (NAFTA) ...
... Since the early 1960s, a number of subregional trade and economic integration processes involving Latin American countries have developed. They include, in historical order, the Central American Common Market (CACM), the Andean Community, Mercosur, and the North American Free Trade Agreement (NAFTA) ...
Essays on Monetary Economics DEPARTMENT OF ECONOMICS UNIVERSITAT POMPEU FABRA
... presence of beggar-thy-neighbor poUcies with the costs of non-cooperation increasing with the degree of openness of the economy. A monetary unión is welfare-improving relative to non cooperation only for countries that have strong trading links. In chapter 3 (co-authored with Katharine Neiss), we in ...
... presence of beggar-thy-neighbor poUcies with the costs of non-cooperation increasing with the degree of openness of the economy. A monetary unión is welfare-improving relative to non cooperation only for countries that have strong trading links. In chapter 3 (co-authored with Katharine Neiss), we in ...
Document
... 16. A nation could produce 15% more than its current output level in real terms. The nation must then be operating at 85% of output capacity. Ans: True Dif: E 17. The inflation bias need not exist if the short run aggregate supply curve is flat which may be the case when many of the nation’s workers ...
... 16. A nation could produce 15% more than its current output level in real terms. The nation must then be operating at 85% of output capacity. Ans: True Dif: E 17. The inflation bias need not exist if the short run aggregate supply curve is flat which may be the case when many of the nation’s workers ...
Introduntion - Hakan Berument`sHomepage
... demand, the macroeconomic variables- consumption, government expenditure, export, import, investment, trade balance- are added in the benchmark VAR model. This study follows Uhlig’s (2005) identification procedure for determining the monetary shock by directly restricting the signs of impulse respo ...
... demand, the macroeconomic variables- consumption, government expenditure, export, import, investment, trade balance- are added in the benchmark VAR model. This study follows Uhlig’s (2005) identification procedure for determining the monetary shock by directly restricting the signs of impulse respo ...
the short-term effect of economic releases on the exchange rate
... determination of prices. Researchers began examining the effects of economic releases1 on exchange rate movements in the early 1980s. However, their studies have often been quite contradictory. Ever since Meese and Rogoff (1983) failed to connect foreign exchange prices and fundamentals, researchers ...
... determination of prices. Researchers began examining the effects of economic releases1 on exchange rate movements in the early 1980s. However, their studies have often been quite contradictory. Ever since Meese and Rogoff (1983) failed to connect foreign exchange prices and fundamentals, researchers ...
International Gold Standard and US Moentary Policy from World War
... Relief came without the suspension of the gold standard in the United States. On July 31, the New York Stock Exchange joined the world's other major exchanges in closing its doors, thus easing pressure on the gold standard by preventing the export of gold arising from foreign sales of U.S. corporate ...
... Relief came without the suspension of the gold standard in the United States. On July 31, the New York Stock Exchange joined the world's other major exchanges in closing its doors, thus easing pressure on the gold standard by preventing the export of gold arising from foreign sales of U.S. corporate ...
Liquidity Traps, Capital Flows and Currency Wars
... of the Federal Reserve Bank of New York or the Federal Reserve System. ...
... of the Federal Reserve Bank of New York or the Federal Reserve System. ...
The eagle. A model for policy analysis of macroeconomic
... to maximize profits. Nominal prices are sticky, so that there is a non trivial stabilization role for monetary policy. For tradable intermediate goods, prices are set in the currency of the destination market (the local currency pricing assumption holds). As a consequence, pass-through of the nomina ...
... to maximize profits. Nominal prices are sticky, so that there is a non trivial stabilization role for monetary policy. For tradable intermediate goods, prices are set in the currency of the destination market (the local currency pricing assumption holds). As a consequence, pass-through of the nomina ...
1st draft: March 28, 2010 Paper to be presented at the Fourth Annual
... investment accelerates when the effective rate of profit is higher than the required rate of profit. The logic comes from Keynes’s General Theory, according to which the asset demand for fixed capital rises when its corresponding real rate of return is high in relation to other assets. Since an incr ...
... investment accelerates when the effective rate of profit is higher than the required rate of profit. The logic comes from Keynes’s General Theory, according to which the asset demand for fixed capital rises when its corresponding real rate of return is high in relation to other assets. Since an incr ...
NBER WORKING PAPER SERIES MONEIARY POLICY SIRATEGIES Robert Flood Peter Isard
... j/ Allowing correlations between the various shocks would introduce covariances into our later analysis, but would not change any of our basic points. We have refrained from analyzing exchange rate regimes in our setup because of the key role played in exchange rate regime choice literature by the c ...
... j/ Allowing correlations between the various shocks would introduce covariances into our later analysis, but would not change any of our basic points. We have refrained from analyzing exchange rate regimes in our setup because of the key role played in exchange rate regime choice literature by the c ...
INFLATION TARGETING IN DEVELOPING COUNTRIES Ferya KADIOĞLU Nilüfer ÖZDEMİR
... Macroeconomic policies have many goals like low inflation, high economic growth, balance of payment equilibrium etc. Since the monetary policy has more flexible framework and exerts its effect with long and variable lags, it has certain advantages over fiscal policy. The issue with the monetary poli ...
... Macroeconomic policies have many goals like low inflation, high economic growth, balance of payment equilibrium etc. Since the monetary policy has more flexible framework and exerts its effect with long and variable lags, it has certain advantages over fiscal policy. The issue with the monetary poli ...
read... - Solidarity Movement for a New Ethiopia
... government’s land policies have taken away the incentives of the peasants to take-care of the land. Moreover, as the CIA web site puts it, the country’s land tenure system “continues to hamper growth in the industrial sector as entrepreneurs are unable to use land as collateral for loans.” Thanks to ...
... government’s land policies have taken away the incentives of the peasants to take-care of the land. Moreover, as the CIA web site puts it, the country’s land tenure system “continues to hamper growth in the industrial sector as entrepreneurs are unable to use land as collateral for loans.” Thanks to ...
Extracting Inflation from Stock Returns to Test Purchasing Power Parity
... Whether small menu costs or other transactions costs can create such a sluggish response in prices of goods and services has been debated in the literature theoretically and empirically (see Rotemberg, 1982, Mankiw, 1985, Krugman, 1986, Dixit, 1989a, 1989b and Delgado, 1991). We make little contribu ...
... Whether small menu costs or other transactions costs can create such a sluggish response in prices of goods and services has been debated in the literature theoretically and empirically (see Rotemberg, 1982, Mankiw, 1985, Krugman, 1986, Dixit, 1989a, 1989b and Delgado, 1991). We make little contribu ...
ge14 Bhattarai neu
... foreign goods is lower, equilibrium requires a higher response of relative prices to clear the goods market. In a liquidity trap situation, since the price adjustment channel gets severely impaired, this implies that the economy suffers from a bigger output gap, producer price deflation, and a real ...
... foreign goods is lower, equilibrium requires a higher response of relative prices to clear the goods market. In a liquidity trap situation, since the price adjustment channel gets severely impaired, this implies that the economy suffers from a bigger output gap, producer price deflation, and a real ...
The Effectiveness of Unconventional Monetary Policy Tools at the
... will be explored and main approaches to modeling unconventional policy tools within DSGE models will be outlined. It will be focused mainly on quantitative easing, FX interventions and management of expectations. Secondly, the benchmark DSGE model for a small open economy will be constructed and cal ...
... will be explored and main approaches to modeling unconventional policy tools within DSGE models will be outlined. It will be focused mainly on quantitative easing, FX interventions and management of expectations. Secondly, the benchmark DSGE model for a small open economy will be constructed and cal ...
NBER WORKING PAPER SERIES TOWARDS AN EXPLANATION OF NATIONAL PRICE LEVELS
... also on work done under NSF Grant No. SES—7913980—A01 to the University of Pennsylvania. We are indebted to Martin Shanin, Robert Levinson and Linda O'Connor for statistical assistance and to James Hayes for the preparation of the manuscript. Any opinions expressed are those of the authors and do no ...
... also on work done under NSF Grant No. SES—7913980—A01 to the University of Pennsylvania. We are indebted to Martin Shanin, Robert Levinson and Linda O'Connor for statistical assistance and to James Hayes for the preparation of the manuscript. Any opinions expressed are those of the authors and do no ...
Regulation of Non-U.S. Exchanges` Marketing Efforts in
... conduct where substantial conduct or effects occur in the United States.” (emphasis added) The states have taken the same approach to the application of the Blue Sky laws, extending their reach to any securities professionals “doing business in the state.” However, in Morrison v. Nat’l Austl. Bank L ...
... conduct where substantial conduct or effects occur in the United States.” (emphasis added) The states have taken the same approach to the application of the Blue Sky laws, extending their reach to any securities professionals “doing business in the state.” However, in Morrison v. Nat’l Austl. Bank L ...
20 pages - World bank documents
... in the Mid-1970s and Early 1980s Orthodox stabilization combines the correction of fiscal deficits to reduce (or eliminate) inflation with real depreciation of the exchange rate to correct deficits in the current account of the balance of payments. Argentina, Chile, and Uruguay suffered from severe ...
... in the Mid-1970s and Early 1980s Orthodox stabilization combines the correction of fiscal deficits to reduce (or eliminate) inflation with real depreciation of the exchange rate to correct deficits in the current account of the balance of payments. Argentina, Chile, and Uruguay suffered from severe ...
ESSAYS ON FLEXIBLE EXCHANGE RATES By Paul Robin Krugman
... moment, the possibility that the behavior of the monetary authority may depend in part on the exchange rate has important econometric implications. We can formalize this by an equation of the form ...
... moment, the possibility that the behavior of the monetary authority may depend in part on the exchange rate has important econometric implications. We can formalize this by an equation of the form ...
Optimal Monetary Policy in a Currency Area
... fiscal authorities can be assigned to different regions. The simplest form of a currency area that is of interest for our analysis is a two-region area with a single central bank and two fiscal authorities. Each fiscal authority has sovereignty over only one region. The two regions are labeled, H and ...
... fiscal authorities can be assigned to different regions. The simplest form of a currency area that is of interest for our analysis is a two-region area with a single central bank and two fiscal authorities. Each fiscal authority has sovereignty over only one region. The two regions are labeled, H and ...
Foreign-exchange reserves
Foreign-exchange reserves (also called forex reserves or FX reserves) are assets held by a central bank or other monetary authority, usually in various reserve currencies, mostly the United States dollar, and to a lesser extent the euro, the pound sterling, and the Japanese yen, and used to back its liabilities—e.g., the local currency issued, and the various bank reserves deposited with the central bank by the government or by financial institutions.