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Habit Formation and Fiscal Transmission in Open Economies

Cardi, Olivier; Müller, Gernot - C.E.P.R. Discussion Papers - 2010

model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … simultaneous decline in investment and the current account. …

Persistent link: https://www.econbiz.de/10008684676

On the relationship between domestic saving and the current account : evidence and theory for developing countries

Pappa, Euē; Brückner, Markus; Paczos, Wojtek - 2019

Persistent link: https://www.econbiz.de/10012205728

How Trade Credits Foster International Trade

Eck, Katharina; Engemann, Martina; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012

Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...

Persistent link: https://www.econbiz.de/10011083260