International Macroeconomics
Essays in International Macroeconomics
... This dissertation contains three essays in International Macroeconomics. The first two chapters study clustered sovereign defaults, the default events where multiple countries de- fault in a relatively ...
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Essays in international macroeconomics
... of international capital flows? These questions, relevant in policy circles for the analysis of the trajectory and the tim ing of adjustm ent of external imbalances, are the motivators of the second chapter titled ...
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Three essays in international macroeconomics
... literature. The depreciation rate is governed by two parameter, a standard linear component which I set to δ = 0.025, as well as the component varying with capacity utilization which I set to η = 1.42. The maximum ...
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Empirical essays in international macroeconomics
... Figure 2.4 presents cross-country means of the valuation channel, real rate of return in debt, real rate of return in equity, real exchange rate, domestic bond return index, domestic equity price index, trade balance, ...
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Empirical essays in international macroeconomics
... The instnunental variables used are trade partner GDP growth, lagged values of income growth, the lagged change in the real effective exchange rate and the lagged change in the net equit[r] ...
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Essays on learning in international macroeconomics
... On the choice of exchange rate regime, Chapter 5 examines the original sin problem, that is, the inability of countries to borrow in domestic currency terms. This Chapter examines how the choice of …xing the exchange ...
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Essays In International Macroeconomics
... Each country has fixed assets in home production for each period. Savers own the production resources and lend them to investors in each country. In return investors raise capital by issuing debt to the savers. Investors ...
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Essays in Regional Integration and International Macroeconomics.
... nonstationary which implies that the issue of performing unit roots tests becomes redundant 10 . In order to satisfy this condition, both the domestic B-S and international B-S models were estimated with all the ...
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Essays in International Macroeconomics and Financial Crisis Forecasting
... The pre-1914 Gold Standard was a global fixed exchange rate regime of colossal extent: By 1913 economies responsible for 67% of world GDP and 70% of world trade had relinquished flexible exchange rates as a means to ...
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Nonlinearities in international macroeconomics : an empirical analysis of advanced economies and emerging markets
... on international investment income with its large stock of international liabilities? Differences in portfolio composition can probably account for some of ...US international investment income ...
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Essays on International Macroeconomics
... The aim of this paper is to empirically assess the macroeconomic and financial effects of USD exchange rate movements in small open economies (SOEs). 5 In par- ticular, I study how the financial channel affects the ...
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Essays in International Macroeconomics
... of international balance sheets has risen dramatically from an average of ...net international investment positions (Lane and Milesi-Ferretti, ...more international assets improving the stock of ...
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Essays in international macroeconomics
... The theoretical framework highlights the main channel through which policy distor- tions affect capital flows in a union of countries. First, intermediation of gross capital flows emerges as union residents leverage a ...
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Essays in International Macroeconomics
... Third, this paper is related to Corsetti, Kuester, Meier and M¨ uller (2013, 2014), who, against the backdrop of the euro area debt crisis, examine the impact of sovereign risk spillovers on macroeconomic stability and ...
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Macroeconomics of international price discrimination
... from international monetary cooperation are small, once monetary authorities can credibly commit to self- oriented policies of domestic stabilization, such as ...
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Planned Macroeconomics
... of macroeconomics is how to determine the level of national income? The macroeconomics uses the interaction between “accelerator” and “multiplier” to “ex- plain” the cyclical fluctuations in the ...
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Is Macroeconomics a Science?
... on macroeconomics, which depends for its very existence upon its policy ...in macroeconomics, monetary economics, and policy, has observed the frequent changes in direction, and the nontrivial correlation ...
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Essays In Macroeconomics
... k=1.334 is estimated using growth and inflation forecasts from the Michigan Survey of Consumers, capturing the missing indirect channels and the weakened direct channels in households' f[r] ...
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Essays In Macroeconomics
... Absolute computing times using this procedure are very large when compared to the results of the last section, and the performance gains from adding more workers to the parallel pool are[r] ...
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Essays in Macroeconomics
... The main sources of information are the National Bureau of Economic Research & United States Patent and Trademark Office (NBER-USPTO) Utility Patents Grant Data. The USPTO grants a property right on those inventors ...
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