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Emerging Economies' Supply Shocks and Japan's Price Deflation: International Transmissions in a Three-Country DSGE Model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - Asian Development Bank Institute, Asian Development Bank - 2014
to analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation rates … in two developed economies, Japan and the United States (US). The assumed asymmetric trade structures among the three … the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical trade …
Persistent link: https://www.econbiz.de/10010991086
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Emerging economies' supply shocks and Japan's price deflation : international transmissions in a three-country DSGE model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014
countries and analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation … rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical …
Persistent link: https://www.econbiz.de/10010239396
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Emerging Economies' Supply Shocks and Japan's Price Deflation : International Transmissions in a Three-Country DSGE Model
Hirakata, Naohisa - 2014
to analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation rates … in two developed economies, Japan and the United States (US). The assumed asymmetric trade structures among the three … the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical trade …
Persistent link: https://www.econbiz.de/10013059275
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Emerging Economies’ Supply Shocks and Japan’s Price Deflation : International Transmissions in a Three-Country DSGE Model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014
countries and analyze the impact of a supply shock in an emerging economy, the People’s Republic of China (PRC), on inflation … rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical …
Persistent link: https://www.econbiz.de/10011134369
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Business cycles in emerging markets : the role of liability dollarization and valuation effects
Notz, Stefan; Rosenkranz, Peter - 2014
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 importance of certain credit market imperfections...
Persistent link: https://www.econbiz.de/10010402774
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Business Cycles in Emerging Markets : The Role of Liability Dollarization and Valuation Effects
Notz, Stefan - 2014
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 importance of certain credit market imperfections...
Persistent link: https://www.econbiz.de/10013051942
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What helps forecast U.S. inflation? - mind the gap!
Kabukcuoğlu, Ayşe; Martínez-García, Enrique - 2016 - This draft: December 11, 2016
The Phillips curve, which posits a relationship between inflation and domestic economic activity, introduces a crucial trade-off between real and nominal objectives for the central bank. Atkeson and Ohanian (2001), among others, present evidence that forecasts of U.S. inflation from Phillips...
Persistent link: https://www.econbiz.de/10011609901
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The Welfare Gains of Trade Integration in the European Monetary Union
Auray, Stéphane - 2011
This paper evaluates the welfare gains arising from a deeper trade integration in the European Monetary Union. To do this, the European Monetary Union is represented in a realistic way by an intertemporal general equilibrium model with incomplete financial markets, sticky prices and home bias...
Persistent link: https://www.econbiz.de/10013133896
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Fiscal Multipliers and Foreign Holdings of Public Debt
Broner, Fernando - 2018
the U.S. in the 1950s and 1960s and Japan today, and larger than one when the foreign share is high, such as in the U …
Persistent link: https://www.econbiz.de/10012923278
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Are all types of capital flows driven by the same factors? : evidence from Mexico
Ibarra-Ramírez, Raúl; Isela-Elizabeth, Téllez-León - 2017
In this paper we analyze the impact and persistence of shocks to global (push) and domestic (pull) factors on each component of the financial account for the Mexican Balance of Payments at the highest degree of disaggregation, including investment by foreign residents in Mexican public and...
Persistent link: https://www.econbiz.de/10011729176