Showing 1 - 10 of 2,997
From 1960-2009, the U.S. current account balance has tended to decline during expansions and improve in recessions. We argue that trend shocks to productivity can help explain the countercyclical U.S. current account. Our framework is a two-country, two-good real business cycle (RBC) model in...
Persistent link: https://www.econbiz.de/10013103623
Latin American countries have long exhibited low levels of saving rates when compared to other countries in relatively … the saving rates between 1970 and 2010 in three Latin American countries - Chile, Colombia, and Mexico - through the lens … rates and government expenditure), are capable of accounting for some of the major fluctuations in saving rates observed in …
Persistent link: https://www.econbiz.de/10011784490
Persistent link: https://www.econbiz.de/10003758284
shocks induce positive and transitory trade balance effects. Consumption smoothing and substantial fluctuations in investment … Handelsbilanz? Die Bedeutung dieser Forschungsfrage ergibt sich aus der Tendenz zu antizyklischen Schwankungen des … Analyse zeigen, dass sich die Handelsbilanz der USA in Folge eines "news shocks" persistent verschlechtert, während es in …
Persistent link: https://www.econbiz.de/10012160788
shocks induce positive and transitory trade balance effects. Consumption smoothing and substantial fluctuations in investment … Handelsbilanz? Die Bedeutung dieser Forschungsfrage ergibt sich aus der Tendenz zu antizyklischen Schwankungen des … Analyse zeigen, dass sich die Handelsbilanz der USA in Folge eines „news shocks“ persistent verschlechtert, während es in …
Persistent link: https://www.econbiz.de/10012134287
Persistent link: https://www.econbiz.de/10003432465
Persistent link: https://www.econbiz.de/10009771756
We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated with conventional parameter values, the stochastic stationary equilibrium of the...
Persistent link: https://www.econbiz.de/10014402560
impose restrictions on the relationship between investment and output, neither of which are possible in the present value …
Persistent link: https://www.econbiz.de/10014111087
Rapidly growing developing economies are characterized by heavy exportation and current account surpluses. Empirical studies suggest that "learning-by-exporting" may be quantitatively important in developing countries and behind some of this dramatic growth. This paper explores if...
Persistent link: https://www.econbiz.de/10013083822