Terms of Trade Disturbances, Real Exchange Rates, and Welfare

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451921411
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Terms of Trade Disturbances, Real Exchange Rates, and Welfare by : International Monetary Fund

Download or read book Terms of Trade Disturbances, Real Exchange Rates, and Welfare written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-03-14 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital controls affect the adjustment of macroeconomic variables to real disturbances? Second, what is the nature of second best arguments for maintaining capital controls given that certain distortions will remain after the European single market is in place in 1992?

The Collapse of Global Trade, Murky Protectionism, and the Crisis

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Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.1/5 (422 download)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Methodology for CGER Exchange Rate Assessments

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Publisher : International Monetary Fund
ISBN 13 : 1498332021
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Methodology for CGER Exchange Rate Assessments by : International Monetary Fund. Research Dept.

Download or read book Methodology for CGER Exchange Rate Assessments written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2006-08-11 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange rate surveillance has always been at the core of the IMF’s responsibilities. Throughout its existence, the Fund has strived to strengthen its framework for assessing exchange rates, adapting it to underlying macroeconomic and financial developments in member countries. As part of this mandate, since the mid-1990s the Consultative Group on Exchange Rate Issues (CGER) has provided exchange rate assessments for a number of advanced economies from a multilateral perspective, with the aim of informing the country-specific analysis of Article IV Staff Reports and fostering multilateral consistency.

Exchange Rate Assessments

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Publisher : International Monetary Fund
ISBN 13 : 1589066383
Total Pages : 34 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Exchange Rate Assessments by : Mr.Jaewoo Lee

Download or read book Exchange Rate Assessments written by Mr.Jaewoo Lee and published by International Monetary Fund. This book was released on 2008-04-07 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has therefore broadened its mandate to cover both key advanced economies and major emerging market economies. This Occasional Paper summarizes the methodologies that underpin the expanded analysis.

The Balance of Trade, the Terms of Trade, and the Real Exchange Rate

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Publisher : International Monetary Fund
ISBN 13 : 1451930925
Total Pages : 56 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The Balance of Trade, the Terms of Trade, and the Real Exchange Rate by : International Monetary Fund

Download or read book The Balance of Trade, the Terms of Trade, and the Real Exchange Rate written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-01-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the relationship between the terms of trade and the current account (the so-called Harberger-Laursen-Metzler effect) may be quite sensitive to whether or not the model incorporates nontraded goods. Thus, the real exchange rate may be an important variable through which terms of trade shocks are transmitted to the current account.

Exchange Rate Misalignment in Developing Countries

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Author :
Publisher : Johns Hopkins University Press
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rate Misalignment in Developing Countries by : Sebastian Edwards

Download or read book Exchange Rate Misalignment in Developing Countries written by Sebastian Edwards and published by Johns Hopkins University Press. This book was released on 1988 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.

Trade, Growth and Development

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Publisher : Routledge
ISBN 13 : 1134882467
Total Pages : 350 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Trade, Growth and Development by : Göte Hansson

Download or read book Trade, Growth and Development written by Göte Hansson and published by Routledge. This book was released on 2003-09-02 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the end of the second world war the economic gap between rich and poor countries has steadily widened. Trade, Growth and Development examines this disparity and assesses the reasons why some developing countries have been more successful than others. The book is divided into four parts: Part I examines recent developments in the theory of trade, growth and economic development; Parts II to IV present an empirical analysis of policy and performance in Latin America, Asia and Africa. As well as offering an analysis of traditional economic factors the book also emphasises the role of politics and institutions in the process of economic development.

Macroeconomics for Professionals

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Publisher : Cambridge University Press
ISBN 13 : 1108568467
Total Pages : 312 pages
Book Rating : 4.1/5 (85 download)

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Book Synopsis Macroeconomics for Professionals by : Leslie Lipschitz

Download or read book Macroeconomics for Professionals written by Leslie Lipschitz and published by Cambridge University Press. This book was released on 2019-01-23 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding macroeconomic developments and policies in the twenty-first century is daunting: policy-makers face the combined challenges of supporting economic activity and employment, keeping inflation low and risks of financial crises at bay, and navigating the ever-tighter linkages of globalization. Many professionals face demands to evaluate the implications of developments and policies for their business, financial, or public policy decisions. Macroeconomics for Professionals provides a concise, rigorous, yet intuitive framework for assessing a country's macroeconomic outlook and policies. Drawing on years of experience at the International Monetary Fund, Leslie Lipschitz and Susan Schadler have created an operating manual for professional applied economists and all those required to evaluate economic analysis.

Exercises in Intertemporal Open Economy Macroeconomics

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Publisher : MIT Press
ISBN 13 : 9780262611305
Total Pages : 186 pages
Book Rating : 4.6/5 (113 download)

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Book Synopsis Exercises in Intertemporal Open Economy Macroeconomics by : Thomas H. Krueger

Download or read book Exercises in Intertemporal Open Economy Macroeconomics written by Thomas H. Krueger and published by MIT Press. This book was released on 1997 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exercise manual has been revised to be a companion volume to the third edition of "Fiscal Policies and the World Economy" by Jacob Frenkel and Assaf Razin. It includes new material on endogenous growth, convergence, and an extension of the Mundell-Flemming model.

Choosing an Exchange Rate Regime

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Publisher : International Monetary Fund
ISBN 13 : 9781557751331
Total Pages : 394 pages
Book Rating : 4.7/5 (513 download)

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Book Synopsis Choosing an Exchange Rate Regime by : International Monetary Fund

Download or read book Choosing an Exchange Rate Regime written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-09-15 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers, edited by Victor Argy and Paul De Grauwe, examines issues surrounding the choice of exchange rate regime in smaller industrial countries. It contains a comprehensive summary by Jacques J. Polak.

External Performance in Low-Income Countries

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Publisher : International Monetary Fund
ISBN 13 : 1616350539
Total Pages : 72 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis External Performance in Low-Income Countries by : Mr.Alessandro Prati

Download or read book External Performance in Low-Income Countries written by Mr.Alessandro Prati and published by International Monetary Fund. This book was released on 2011-03-15 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and number of countries it covers, to estimate the relationship in low-income countries between a set of fundamentals in the medium to long term and the real effective exchange rate, the current account, and the net external assets position.

Government Purchases and Relative Prices in a Two-Country World

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Publisher : International Monetary Fund
ISBN 13 : 1451981090
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Government Purchases and Relative Prices in a Two-Country World by : International Monetary Fund

Download or read book Government Purchases and Relative Prices in a Two-Country World written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-04-04 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of government expenditures on interest rates, terms of trade, and real exchange rates are examined in a three-good (importables, exportables, nontradables), two-country, intertemporal, optimizing model. Temporary spending increases (on tradable or nontradable goods) may raise or lower the world return on internationally traded bonds and may improve or worsen the current account of the country undergoing the fiscal expansion. The results are shown to differ substantially from those obtained in models employing a higher degree of commodity aggregation. The determinants of the comovement between the terms of trade and the real exchange rate are also examined.

IMF Staff papers

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Publisher : International Monetary Fund
ISBN 13 : 1451956827
Total Pages : 288 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1989-01-01 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The determinants of current account imbalances under floating exchange rates are analyzed. The analysis provides a framework within which the sources of. and the remedies for, the current account imbalances between the United States, Japan, and the Federal Republic of Germany can be discussed. The effects of various government policies are emphasized, in particular the differences between expenditure-changing and expenditure-switching policies. Short-run and long-run considerations are investigated, as well as the role played by expectations and price-level dynamics.

Agricultural Trade Negotiations

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Agricultural Trade Negotiations by : Mary E. Lassanyi

Download or read book Agricultural Trade Negotiations written by Mary E. Lassanyi and published by . This book was released on 1988 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff papers, Volume 43 No. 1

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Publisher : International Monetary Fund
ISBN 13 : 1451957092
Total Pages : 268 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 43 No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 43 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term “peace dividend”—in the form of higher capacity output—may result from markedly lower military expenditure levels achieved in most regions during the late 1980s, and the further military spending cuts that would be possible if global peace could be secured.

The External Balance Assessment (EBA) Methodology

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Publisher : International Monetary Fund
ISBN 13 : 1484346785
Total Pages : 68 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The External Balance Assessment (EBA) Methodology by : Mr.Steven Phillips

Download or read book The External Balance Assessment (EBA) Methodology written by Mr.Steven Phillips and published by International Monetary Fund. This book was released on 2014-01-13 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.

Protectionism or liberalism in international economic relations?

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Author :
Publisher : Duncker & Humblot
ISBN 13 : 9783428471058
Total Pages : 232 pages
Book Rating : 4.4/5 (71 download)

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Book Synopsis Protectionism or liberalism in international economic relations? by : Günter Ashauer, Werner Ehrlicher, Dieter Cansier, Dietmar Kath

Download or read book Protectionism or liberalism in international economic relations? written by Günter Ashauer, Werner Ehrlicher, Dieter Cansier, Dietmar Kath and published by Duncker & Humblot. This book was released on 2022 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: