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Optimal monetary policy and the transmission of oil-supply shocks to the euro area under rational expectations

Adjemian, Stéphane; Darracq Pariès, Matthieu - 2008

This paper presents first the estimation of a two-country DSGE model for the euro area and the rest-of-the-world including relevant oil-price channels. We then investigate the optimal resolution of the policy tradeoffs emanating from oil-price disturbances. Our simulations show that the...

Persistent link: https://www.econbiz.de/10011605008

Competitive devaluations in commodity-based economies: Colombia and the Pacific Alliance Group

Caporale, Guglielmo Maria; Costamagna, Rodrigo; … - 2016

This paper investigates whether there is an S-Curve in Colombia using bilateral and disaggregated quarterly data for the period 1991-2014. More precisely, the short-run effects of a depreciation on the TB are analysed in 27 industries covered by the PAG Free Trade Agreement. The S-Curve found in...

Persistent link: https://www.econbiz.de/10011482256

Asymmetric cointegration between exchange rate and trade balance in Nigeria

Aliyu, Alhaji Jibrilla; Tijjani, Shehu Mohammed - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-19

This paper empirically examines the long-run pass through of the official exchange rates into trade balance in Nigeria by means of threshold cointegration and asymmetric error correction modeling. The study provides evidence for non-linear cointegration between our variables of interest. The...

Persistent link: https://www.econbiz.de/10011559162

Monetary Policy Shocks and Portfolio Choice

Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...

Persistent link: https://www.econbiz.de/10011605168

India's approach to capital account liberalization

Prasad, Eswar S. - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front. …

Persistent link: https://www.econbiz.de/10010269146

What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?

Heston, Alan - 2008

Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in … China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank … currencies and real product per capita for 146 countries, and the results for China and India are discussed in the context of the …

Persistent link: https://www.econbiz.de/10011807635

Exploring the drivers of Indian agricultural exports: a dynamic panel data approach

Kumar, K. Nirmal Ravi; Naidu, G. Mohan; Shafiwu, Adinan … - In: Cogent Economics & Finance 12 (2024) 1, pp. 1-18

This study delves into dynamics and determinants of agricultural exports from India. India's agricultural export basket … competitiveness is crucial for driving growth in India's agricultural sector, benefiting farmers, the economy, and the nation as a …

Persistent link: https://www.econbiz.de/10015426149

Environmental sustainability, trade and economic growth in India: Implications for public policy

Sajeev, Aparna; Kaur, Simrit - In: International Trade, Politics and Development (ITPD) 4 (2020) 2, pp. 141-160

the relationship between environmental pollutants (as measured by CO2 emissions) and GDP for India, over the period 1980 … proposes formulation of appropriate regulatory mechanisms that are environmentally friendly. Additionally, India's new economic …

Persistent link: https://www.econbiz.de/10015413484

The US dollar and trade balance: New findings from the international trade of India with the European Union

Bao, Ho Hoang Gia; Le, Hoang Phong; Nguyen, Ba Hoang; … - In: Cogent Business & Management 10 (2023) 2, pp. 1-20

literature indicates the remarkable deficiency of empirical results for the case of India despite the vital importance of the US … dollar in its international trade. Recognizing the European Union (EU) as the largest trading partner of India over the 2000Q …1-2022Q2 period, this study is the first to explore how the US dollar influences India's trade balance with the EU by …

Persistent link: https://www.econbiz.de/10014527447

Does an increase in education quality cause developing countries to catch up?

Goczek, Łukasz; Witkowski, Bartosz; Witkowska, Ewa - In: International Journal of Management and Economics 58 (2022) 4, pp. 393-408

We investigate whether increasing the education quality causes increases in economic growth allowing poorer countries to catch up. To this end, we extend Nelson-Phelps's classic paper by introducing differences in education quality (proxied by students' performance on the Program for...

Persistent link: https://www.econbiz.de/10015192122