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Emerging economies' supply shocks and Japan's price deflation: International transmissions in a three-country DSGE model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014
countries and analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation … trade specialization vis-à-vis the PRC and the PRC's USdollar- pegged regime. This outcome suggests that, even though Japan … rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade …
Persistent link: https://www.econbiz.de/10010397229
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Investigating the effect of exchange rate changes on transpacific rebalancing
Thorbecke, Willem; Komoto, Ginalyn - 2010
evidence from a gravity model indicating that the exports from the People's Republic of China (PRC) to the United States (US … required to rebalance bilateral trade between the US and the PRC. In the case of multilateral trade between the US and the rest … the US global trade deficit. In the case of Asia's exports, results presented here and elsewhere indicate that: (i …
Persistent link: https://www.econbiz.de/10010279818
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Challenges for the dollar as a reserve currency
Benigno, Gianluca - Centre for Economic Performance, LSE - 2011
Gianluca Benigno examines the extent to which the financial crisis has undermined the dollar's pre-eminence.
Persistent link: https://www.econbiz.de/10009147097
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A U.S. Perspective on China's External Economic Disputes in the Past 40 Years and in the Coming 40 Years
Woo, Wing Thye - 2018
Persistent link: https://www.econbiz.de/10012917121
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Global imbalances, current account rebalancing and exchange rate adjustments
Arslan, Yavuz; Kilinc̦, Mustafa; Turhan, M. Ibrahim - 2011
rates. We set up a two-country two-sector model for the US-China with two asymmetries. First, we assume that the size of … China initially is one third of the US but its size becomes half of the US in the next ten years consistent with the fast … growth expectations in China. Secondly, we assume that China initially runs a net export surplus against the US. Then we …
Persistent link: https://www.econbiz.de/10009407603
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Emerging economies' supply shocks and Japan's price deflation : international transmissions in a three-country DSGE model
Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014
countries and analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation … trade specialization vis-à-vis the PRC and the PRC's USdollar- pegged regime. This outcome suggests that, even though Japan … rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade …
Persistent link: https://www.econbiz.de/10010239396
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Investigating the effect of exchange rate changes on transpacific rebalancing
Thorbecke, Willem; Komoto, Ginalyn - 2010
evidence from a gravity model indicating that the exports from the People's Republic of China (PRC) to the United States (US … required to rebalance bilateral trade between the US and the PRC. In the case of multilateral trade between the US and the rest … the US global trade deficit. In the case of Asia's exports, results presented here and elsewhere indicate that: (i …
Persistent link: https://www.econbiz.de/10008732314
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Germany and China Have Savings Gluts, the USA is a Sump : So What?
Taylor, Lance - 2020
exports) to the American economy by the rest of the world. This trading situation had already emerged around 1980, and led to … funds theory, which is institutionally inadequate. More plausible analyses of the persistent trade imbalance can be derived … the United States, and dissection of the terms of trade due to W. Arthur Lewis and Luigi Pasinetti …
Persistent link: https://www.econbiz.de/10012825907
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Slowbalisation in the context of US-China decoupling
García Herrero, Alicia - In: Intereconomics : review of European economic policy 57 (2022) 6, pp. 352-358
While it is too early to confirm the depth and the sustainability of this new trend towards slower globalisation, it may be happening in more domains than we are fully aware of, at least for the near term given the renewed backdrop of the Russia-Ukraine war and the wider use of sanctions globally.
Persistent link: https://www.econbiz.de/10013475414
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Emerging from the war: Gold standard mentality, current accounts and the international business cycle 1885-1939
Hoffmann, Mathias; Woitek, Ulrich - 2011
We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We...
Persistent link: https://www.econbiz.de/10010316919