This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances …. Based on simulations in a general equilibrium model of the world economy, we find that a productivity slowdown in the non … limited spillover effect to the United States trade balance. In contrast, an increase in the desired level of emerging Asia …

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy … asset price volatility. We show that introducing news shocks in a canonical dynamic stochastic general equilibrium model may … not reduce asset price volatility under plausible parameter assumptions. This is because, in general equilibrium, the …

results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP …