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Economics—Advances in Research and Application: 2013 Edition

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Publisher : ScholarlyEditions

Page : 843 pages

File Size : 24,60 MB

Release : 2013-06-21

Category : Business & Economics

ISBN : 1481687417

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Book Description

Economics—Advances in Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Tariffs. The editors have built Economics—Advances in Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Tariffs in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.



Exchange Rate Dynamics

Author : Jean-Olivier Hairault

Publisher : Routledge

Page : 320 pages

File Size : 40,95 MB

Release : 2004

Category : Electronic books

ISBN : 1134426135

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Book Description

This book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and provides a coherent and modern framework for thinking about exchange rate dynamics.



Exchange Rate Dynamics

Author : Jean-OIiver Hairault

Publisher : Routledge

Page : 446 pages

File Size : 44,18 MB

Release : 2003-12-18

Category : Business & Economics

ISBN : 1134426127

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Book Description

This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.



Correlations Between Real Interest Rates and Output in a Dynamic International Model

Author : Ms.Jahanara Zaman

Publisher : International Monetary Fund

Page : 44 pages

File Size : 19,42 MB

Release : 1998-12-01

Category : Business & Economics

ISBN : 1451859007

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Book Description

This paper examines the extent to which a dynamic international general equilibrium model can account for observed movements in real interest rates and interest rate differentials. Using data for Group of Seven, the study finds that measured real interest rates are countercyclical in a single country and that the contemporaneous cross-correlations between international real interest differentials and output growth spreads are negative. Predictions of the baseline model are, however, inconsistent with the data. Extending the benchmark model to include habit persistence in consumption improves the match between theory and data.



Macrofinancial Analysis in the World Economy

Author : Francis Vitek

Publisher : International Monetary Fund

Page : 112 pages

File Size : 14,4 MB

Release : 2015-10-28

Category : Business & Economics

ISBN : 1513544985

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Book Description

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.



Policy and Spillover Analysis in the World Economy

Author : Francis Vitek

Publisher : International Monetary Fund

Page : 95 pages

File Size : 40,52 MB

Release : 2014-10-30

Category : Business & Economics

ISBN : 1616355786

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Book Description

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary and fiscal transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.



2013 Spillover Report

Author : International Monetary Fund. Fiscal Affairs Dept.

Publisher : International Monetary Fund

Page : 30 pages

File Size : 13,35 MB

Release : 2013-07-02

Category : Business & Economics

ISBN : 149834156X

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Book Description

Five years after the global financial crisis, the severe tensions and risks rooted last year in some of the “Systemic five” (S5)—China, euro area, Japan, United Kingdom, United States––have abated but all five are still operating below potential, i.e., they are not contributing to global activity as much as they might: if they could somehow close their output gaps, global output would be closer to potential by 3 percentage points. Meanwhile, many parts of the rest of the world have been at or near potential. Most recently though, there have been signs of accelerated recovery in the United States and slowdown in emerging markets. This continued divergence in cyclical positions poses a global challenge, namely to find policies that help the S5 close their output gap without over-stimulating or over-tightening, through spillovers, economies that do not need it.



Technology Shocks

Author : Andrea Raffo

Publisher : DIANE Publishing

Page : 55 pages

File Size : 39,52 MB

Release : 2010

Category : Business & Economics

ISBN : 1437939104

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Book Description

Understanding the joint dynamics of internat. prices and quantities remains a central issue in internat. bus. cycles. Internat. relative prices appreciate when domestic consumption and output increase more than their foreign counterparts. In addition, both trade flows and trade prices display sizable volatility. This paper incorporates Hicks-neutral and investment-specific TS into a standard two-country general equilibrium model with variable capacity utilization and weak wealth effects on labor supply. Investment-specific TS introduce a source of fluctuations in absorption similar to taste shocks, thus reconciling theory and data. Also presents implications for the transmission mechanism of TS across countries. Illus. This is a print on demand pub.



Policy, Risk and Spillover Analysis in the World Economy

Author : Francis Vitek

Publisher : International Monetary Fund

Page : 122 pages

File Size : 34,12 MB

Release : 2017-04-04

Category : Business & Economics

ISBN : 1475592809

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Book Description

This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies, to facilitate multilaterally consistent macrofinancial policy, risk and spillover analysis. This panel dynamic stochastic general equilibrium model features a range of nominal and real rigidities, extensive macrofinancial linkages, and diverse spillover transmission channels. These macrofinancial linkages encompass bank and capital market based financial intermediation, with financial accelerator mechanisms linked to the values of the housing and physical capital stocks. A variety of monetary policy analysis, fiscal policy analysis, macroprudential policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary, fiscal and macroprudential transmission mechanisms, accounting for business cycle fluctuations, and generating relatively accurate forecasts of inflation and output growth.