The global financial crisis is leading to a revival of the empirical literature on current account imbalances. This paper contributes to the literature by investigating the importance of model and parameter uncertainty to assess external imbalances. Panel data, current account models, model...

Household specific consumption behavior is of interest for various social and economic problems. The “Poverty Report” of the Federal government of Germany for example uses the information on consumption expenditures by different household types in the context of social participation. Other...

This presentation will start with a global description of the package features, then move to an interactive computer session. The purpose of MacSim is to describe the main macroeconomic interactions, both inside and between countries, based on a set of small quarterly econometric country models,...

A Common Economic Area (CEA) formed by Russia, Kazakhstan and Belarus since January 1st 2012, following creation of the Customs Union between these countries in 2007 (and in operation since mid-2010), raises a number of topical questions on whether it can be sustainable, trade-stimulating,...

Empirically investigates the shock relationship of exchange rate volatility on bilateral trade flows between Nigeria and India. Vector Autoregressive Model (VAR) 1. The innovations of Nigeria trade flows shocks to related India price and income shocks shows that it generates inconsistencies that...

The puzzle of Feldstein and Horioka (1980) stems from the early eighties: the authors identified the correlation between a country's savings-to-GDP and investment-to-GDP ratio as a measure of international capital mobility. By using a cross-section analysis they concluded that the long-awaited...

To study the consquences of the Trans Pacific Partnership on the Vietnamese economy Using a five product econometric modelto measure the impact of individual elements, then synthetize the full set of measures. Vietnam, along with 11 other countries having a Pacific coast (including the USA and...

1. Identify unanticipated shocks in foreign aid. 2. Examining how macroeconomic stability constraints foreign aid and hinders the drives of growth. Vector Auto-regression Model 1. Estimates of the innovations of foreign aid shocks to macroeconomic variables shocks generates inconsistencies that...