External Shocks, Current Account, and Adjustment
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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Terms of trade shocks and the non monotonic adjustment of the current account
... adjustment of the current account, ...rent account deficits and subsequently to current account surpluses, in both industrialized and developing ...the current ...
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Economic shocks, current account and macroeconomic adjustment : theory and practice in Korea
... ic shocks and m acroeconomic adjustment in ...economic shocks refer to any sudden changes in the international economic environment and in domestic economic ...oil shocks in the 1970s, the ...
200
Current Account Imbalances: Signs of Adjustment?
... the current account imbalances are persistent and hence might trigger another crisis or if they adjust to their equilibrium ...a current account disequilibrium of around ...the ...
31
Adjustment of the US current account deficit
... the adjustment of the economy appears to be expensive in terms of ...hand, adjustment of the current account deficit were to take place via the agency of the international financial markets, ...
38
Are There Thresholds of Current Account Adjustment in the G7?
... that adjustment has been delayed over the past several years, due to unusual circumstances that were not in evidence during the sample over which the models were estimated, ...the adjustment in the net ...
60
G7 Current Account Imbalances: Sustainability and Adjustment
... the adjustment takes place quickly so that exchange rate pass-through is incomplete—it does not necessarily fol- low that the adjustment will be ...Reagan-era current account deficit closed ...
39
Implications for the Yen of Japanese Current Account Adjustment
... large external imbalances deserve in the list of policymaker ...of current account adjustment, when it does occur, depends only in a secondary way on the degree of integration of global asset ...
12
The mirage of current account adjustment in the Euro-periphery
... of current account deficits in the ...past current account deficits have been unsustain- able and that external adjustment has not begun yet in ...earnest. External ...
8
Current Account Adjustment: Some New Theory and Evidence
... on current account adjustment) and the reallocation of capital between tradable sectors within the economy (which increases the reliance on current account ...of current ...
63
Real adjustment of current account imbalances with firms' heterogeneity
... of adjustment of the global current account ...the adjustment. In Obstfeld and Rogoff (2004), the real adjustment of the global imbalances occurs through a transfer of resources com- ...
32
Current Account Balances and Structural Adjustment in the Euro Area
... area current account imbalances, reforms should be implemented as soon and steady as ...necessary adjustment process will be painful but then pass through to a timely economic recovery and less ...
51
Mika Kortelainen. Adjustment of the US current account deficit
... the adjustment of the economy appears to be expensive in terms of ...hand, adjustment of the current account deficit were to take place via the agency of the international financial markets, ...
38
Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
... during current account adjustment ...global current ac- count ...of adjustment, stressing changes in relative prices and employment as well as product ...of current ...
28
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 in ...
25
Global Imbalances and the Current Account Adjustment Process: An Empirical Analysis
... the current account adjustment ...facilitate current account ...of current account reversion can be observed, indicating faster current account convergence ...
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Patterns of current account adjustment: insights from past experience
... the current account adjustment ...across adjustment episodes and proposes a classification that is statistically robust and economically ...of adjustment episodes and examine the ...
56
Patterns of Current Account Adjustment – Insights from Past Experience
... high-growth adjustment cases (Croke, Kamin and Leduc, 2005; IMF, 2007) or export-led from import-led adjustment cases (Guidotti et ...the current account reversal ...the adjustment are ...
58
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 ...
15
An anatomy of the Spanish current account adjustment: the role of permanent and transitory factors
... the external deficit accumulated over the expansionary years 2000-2007 (around 80%) can be attributed to cyclical factors, namely, the positive output gap, increasing oil prices and the lax conditions in global ...
28