recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only … 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 …

productivity-enhancing reforms in advanced economies might not entail the targeted effects. … 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 …

filtered from observed productivity. In line with the intertemporal approach to the current account, a major part of the …

filtered from observed productivity. In line with the intertemporal approach to the current account, a major part of the …

-192) to an economy with traded and nontraded goods, and it analyzes the impact of country-specific and global productivity … investment to country-specific traded productivity growth. Second, global traded productivity and country-specific nontraded … productivity growth have no effect on the current account, but they have a significant impact on investment. Third, the global …

Economic theory suggests that a permanent rise in terms of trade should result in a permanent rise in the standard of … living. The increase comes from a permanent rise in productivity following an efficient reallocation of resources in a …

exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange … depreciation of the REER. The other variables considered in the analysis-factor productivity, trade balance, terms of trade, and …