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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
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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
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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
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Firm-to-firm trade : imports, exports, and the labor market
Eaton, Jonathan; Kortum, Samuel; Kramarz, Francis - 2022
Persistent link: https://www.econbiz.de/10012806517
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Dominant currencies : how firms choose currency invoicing and why it matters
Amiti, Mary; Itskhoki, Oleg; Konings, Jozef - 2020
Persistent link: https://www.econbiz.de/10012307434
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The dynamic impact of exporting on firm R&D investment
Maican, Florín G.; Orth, Matilda; Roberts, Mark J.; … - 2020
Persistent link: https://www.econbiz.de/10012312552
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Capital-reallocation frictions and trade shocks
Lanteri, Andrea; Medina, Pamela; Tan, Eugene - 2020
Persistent link: https://www.econbiz.de/10012228439
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Managing an energy shock : fiscal and monetary policy
Auclert, Adrien; Monnery, Hugo; Rognlie, Matthew; … - 2023
Persistent link: https://www.econbiz.de/10014329113
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Global Imbalances: In Midstream?
Blanchard, Olivier J; Milesi-Ferretti, Gian Maria - C.E.P.R. Discussion Papers - 2010
been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …
Persistent link: https://www.econbiz.de/10008468701
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Fiscal Policy Independence in a Monetary Union
Masson, Paul R; Melitz, Jacques - C.E.P.R. Discussion Papers - 1990
Do plans for a monetary union in Europe call for limits on the freedom of the member countries to use fiscal policy? To provide a tentative answer, we simulate the IMF model MULTIMOD, given various shocks, in the case of a European Monetary Union consisting only of France and Germany. The...
Persistent link: https://www.econbiz.de/10005791854