Current Account Balance Adjustment (2013-2015)
Adjustment Policies and the Current Account Balance: Empirical Evidence from Sudan
... a current account deficit may not necessarily be indicative of structural or policy ...a current account deficit and in this case there is no need on the part of the government to initiate ...
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Adjustment of the US current account deficit
... baseline adjustment is seen as a relatively smooth process even though the real interest rate increases considerably in the United ...the current account ...US current account ...US ...
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Are There Thresholds of Current Account Adjustment in the G7?
... international adjustment, over and above the impact of said real depreciation on the trade ...toward current account sustainability requires that re- sources be shifted from non tradable to tradable ...
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Current Account Adjustment and Financial Integration
... trade balance and net ...trade balance and net ...trade balance would then be upward ...trade balance, but only with past and present ...
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The Current Account Balance: Part One
... the current account in Japan must become positive and in the US it must become ...US current account is, of course, just another way of noting the inflow of foreign capital — the net capital ...
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G7 Current Account Imbalances: Sustainability and Adjustment
... the current account balance and the stock of net foreign ...external balance for the United ...the current account’s turn toward ...U.S. current account worsening (albeit ...
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Implications for the Yen of Japanese Current Account Adjustment
... I. Introduction In three papers written over the past five years, Kenneth Rogoff and I have analyzed the possible impact on exchange rates of a rapid return by the United States to a position of current ...
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Current Account Adjustment: Some New Theory and Evidence
... K t , β, A t or A t+1 , respectively. All foreign variables are denoted by a “*”. The current account balance is illustrated in Figure 1. As we discussed in the last section, an increase in either K ...
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Current Account Balances and Structural Adjustment in the Euro Area
... rising current account ...significant adjustment of real exchange rates in many euro area countries as one of the dominant textbook driving forces of the current account ...
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Mika Kortelainen. Adjustment of the US current account deficit
... baseline adjustment is seen as a relatively smooth process even though the real interest rate increases considerably in the United ...the current account ...US current account ...US ...
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The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
... the current account is the difference between savings and ...a current account balance that stems from an increase in investment is very different from one that results from a decline ...
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Global Imbalances and the Current Account Adjustment Process: An Empirical Analysis
... chronic balance of payments deficits, whereas France and Germany’s surpluses were considered to be the corollary of their reluctance to let their price levels ...substantial current account surplus ...
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Patterns of current account adjustment: insights from past experience
... the adjustment over a window of 32 quarters (8 ...the current account balance, the real effective exchange rate and real GDP ...the current account behaviour is broadly similar ...
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Patterns of Current Account Adjustment – Insights from Past Experience
... “internal adjustment”, given that the current account correction essentially comes through a slowdown in domestic demand growth, translating into reduced demand for foreign goods and therefore lower ...
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Current Account Adjustment with High Financial Integration: A Scenario Analysis *
... U.S. current account deficit through exchange rate movements is likely to entail a substantial deprecia- tion of the ...the adjustment is affected by the high degree of international financial ...
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Terms of trade shocks and the non monotonic adjustment of the current account
... to account for the evidence improves, however, once we allow for habit ...the current account enters initially in deficit, triggered by the drop in ...the current account ...
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EFFECT OF GOVERNMENT FISCAL DEFICITS ON CURRENT ACCOUNT BALANCE: THE CASE OF TWIN DEFICITS HYPOTHESIS IN NIGERIA (1970-2013)
... Structural Adjustment Programme (SAP), 1986, was undertaken with the intention of reducing government fiscal deficits by cutting down on subvention given to agencies that have now been ...
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Economic shocks, current account and macroeconomic adjustment : theory and practice in Korea
... The government may change its tax policies depending on its objective. When there is an imported input price hike, the government may respond to the shock with expansionary fiscal policy to counteract the contractionary ...
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How To Balance Current Account Balance
... persistent current account surpluses and ...Since current account imbalances are matched by equal and opposite capital account imbalances, this means that there is a very large net ...
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Managing the Current Account Balance
... Figure 18: Economy with managed growth of bank credit In this model, there are not foreign capital movements. Hence foreign reserves also represent the accumulated current account balance. Initially, ...
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