Trade Balances During Business Cycles PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Trade Balances During Business Cycles PDF full book. Access full book title Trade Balances During Business Cycles by Ilse Mintz. Download full books in PDF and EPUB format.
Author: Ilse Mintz
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 118
Get Book Here
Book Description
Author: Arthur Barto Adams
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 296
Get Book Here
Book Description
Author: Ilse Mintz
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 118
Get Book Here
Book Description
Author: Marianne Baxter
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 80
Get Book Here
Book Description
Virtually all economies experience recurrent fluctuations in economic activity that persist for periods of several quarters to several years. Further, there is a definite tendency for the business cycles of developed countries to move together--there is a world component to business cycles. This paper argues that capital accumulation and international capital flows are central to understanding world trade and business cycles. In particular, fluctuations in net exports and the current account are shown to be dominated by trade in capital goods. The paper develops a two country model of international trade within which capital accumulation and international investment flows play a central role. We explore the channels by which technology shocks and fiscal shocks are transmitted to the domestic and foreign economies, and discuss the extent to which these results are sensitive to individuals' opportunities for international trade in financial assets. Overall, we find that the models capture many of the salient features of international business cycles. However, it has proven consistently difficult to generate sufficient comovement across countries in labor input and investment. The paper concludes with a discussion of fruitful directions for future research.
Author: Rudrani Bhattacharya
Publisher: International Monetary Fund
ISBN: 1484356160
Category : Business & Economics
Languages : en
Pages : 26
Get Book Here
Book Description
This paper analyses the extent to which financial integration impacts the manner in which terms of trade affect business cycles in emerging economies. Using a s mall open economy model, we show that as capital account openness increases in an economy that faces trade shocks, business cycle volatility reduces. For an economy with limited financial openness, and a relatively open trade account, a model with exogenous terms of trade shocks is able to replicate the features of the business cycle.
Author: Mr.Reinout De Bock
Publisher: International Monetary Fund
ISBN: 1451963106
Category : Business & Economics
Languages : en
Pages : 34
Get Book Here
Book Description
Trade flows data show that the composition and cyclical properties of imports are similar in developed economies and emerging markets (EM) but this is not the case for exports. Unlike developed economies, (i) EM export few or only a selective set of capital goods and (ii) capital good and overall exports tend to be acyclical. The lack of procyclicality in exports drives the strong countercyclicality of EM trade balances observed in previous studies. A quantitative exercise demonstrates how the standard small open economy business cycle model can be improved for EM by incorporating these features.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455259381
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
This paper examines how durable goods and financial frictions shape the business cycle of a small open economy subject to shocks to trend and transitory shocks. In the data, nondurable consumption is not as volatile as income for both developed and emerging market economies. The simulation of the model implies that shocks to trend play a less important role than previously documented. Financial frictions improve the ability of the model to match some key business cycle properties of emerging economies. A countercyclical borrowing premium interacts with the nature of durable goods delivering highly volatile consumption and very countercyclical net exports.
Author: Miguel Alberto Kiguel
Publisher: World Bank Publications
ISBN:
Category : Business cycles
Languages : en
Pages : 59
Get Book Here
Book Description
Disinflation programs in chronic inflation countries do not normally follow the usual Phillips curve tradeoff in the medium run. Instead of having a sharp recession in the early stage of stabilization, there often is an initial expansion of output followed by a recession and balance of payments difficulties. This pattern is related to programs that use the exchange rate as an instrument of disinflation.
Author: Mr.Enrique G. Mendoza
Publisher: International Monetary Fund
ISBN: 1451946058
Category : Business & Economics
Languages : en
Pages : 54
Get Book Here
Book Description
A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail.
Author: Tse Chun Chang
Publisher: CUP Archive
ISBN:
Category :
Languages : en
Pages : 258
Get Book Here
Book Description
Author: J.J. Polak
Publisher: Routledge
ISBN: 1134357176
Category : Business & Economics
Languages : en
Pages : 301
Get Book Here
Book Description
Originally published in 1942, this landmark volume makes available the entire business-cycle analysis of the Dutch economist, Jan Tinbergen, whose work in economic dynamics stimulated a new school of econometric research. The book explains what is typical and common in economic movements - the system of supply and demand schedules used to describe a market, certain technical relations, and 'balance equations'.
