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Author : Brahima Coulibaly
Publisher :
ISBN 13 :
Total Pages : 310 pages
Book Rating : 4.3/5 (91 download)
Download or read book Essays in Macroeconomics and International Economics written by Brahima Coulibaly and published by . This book was released on 2005 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Macroeconomics and International Economics written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines two issues in international economics and macroeconomics. The first is to understand the response of productivity to major real exchange rate appreciations and the second concerns how to compare the fits of different calibrated macroeconomic models. In the first chapter, I construct a model to clarify how the increased competition due to an exchange rate appreciation provides incentive for firms to improve productivity. However, if a firm is in an industry shielded by a high trade cost, then the incentive is weaker. In industries with fewer firms, profits are more responsive to productivity improvements, therefore, firms are more likely to invest more heavily in productivity improvement. Empirical analysis of Canadian manufacturing data from 1997 to 2006 finds evidence consistent with the model predictions. The second chapter presents testing procedures for comparison of misspecified calibrated models. The proposed tests are of the Vuong-type (Vuong, 1989; Rivers and Vuong, 2002). In the framework here, an econometrician selects values for the parameters in order to match some characteristics of the data with those implied by the theoretical model. We assume that all competing models are misspecified, and suggest a test for the null hypothesis that all considered models provide equal fit to the data characteristics, against the alternative that one of the models is a better approximation. The Carlstrom and Fuerst (1997) model and the Bernanke, Gertler and Gilchrist (1999) model are two leading models that study financial frictions in macroeconomic models. In particular, these models show that due to financial frictions, net worth plays an important role in obtaining external finance, and that at an aggregate level, net worth can propagate technology shocks and monetary shocks. However, neither paper examines whether the models can reproduce cyclical properties of net worth. The third chapter addresses this issue by applying the comparison.
Author : Naoyuki Yoshino
Publisher : Springer Nature
ISBN 13 : 9811670625
Total Pages : 671 pages
Book Rating : 4.8/5 (116 download)
Download or read book Studies in International Economics and Finance written by Naoyuki Yoshino and published by Springer Nature. This book was released on 2022-03-30 with total page 671 pages. Available in PDF, EPUB and Kindle. Book excerpt: This festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed. Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. A tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions. - Prof. Y V Reddy, Former Governor, Reserve Bank of India This volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers. - Prof. Vijay Kelkar, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India Noted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume. - Prof. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India; and Member, Monetary Policy Committee of Reserve Bank of India This volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments. - Prof. K L Krishna, Former Director, Delhi School of Economics, New Delhi, India I am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute. I wish all the luck and success to the new book. - Prof. Kishore Kulkarni, Distinguished Professor of Economics, Metropolitan State University of Denver, USA
Author : Sang-Wook (Stanley) Cho
Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (319 download)
Download or read book Essays in Macroeconomics and International Economics written by Sang-Wook (Stanley) Cho and published by . This book was released on 2006 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sichuang Xu
Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.:/5 (112 download)
Download or read book Essays in Macroeconomics, Financial Economics and International Economics written by Sichuang Xu and published by . This book was released on 2019 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James C. MacGee
Publisher : Ann Arbor, Mich. : University Microfilms International
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.:/5 (319 download)
Download or read book Essays on International Economics and Macroeconomics written by James C. MacGee and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 2004 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ling-Wei Chung
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (472 download)
Download or read book Essays on International Economics and Macroeconomics written by Ling-Wei Chung and published by . This book was released on 2000 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Graham Bird
Publisher : Springer
ISBN 13 : 1349095885
Total Pages : 308 pages
Book Rating : 4.3/5 (49 download)
Download or read book Managing Global Money written by Graham Bird and published by Springer. This book was released on 1988-05-24 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of articles and papers has been organised under a limited number of specific themes in international financial economics, including balance of payment theory and policy, the activities of the IMF, Special Drawing Rights, the role of the private financial markets, and the international economic order. A unifying theme running through all the essays is that some degree of management of international financial affairs is desirable. The book has a strong policy orientation and should be of interest to students and practitioners of international financial economics alike.
Author : Jian Xu
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.:/5 (438 download)
Download or read book Four Essays on International Economics and Macroeconomics written by Jian Xu and published by . This book was released on 1999 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Seungjin Kim
Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.:/5 (187 download)
Download or read book Three Essays on International Economics and Macroeconomics written by Seungjin Kim and published by . This book was released on 1995 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : C. Fred Bergsten
Publisher : Peterson Institute
ISBN 13 : 0881326623
Total Pages : 248 pages
Book Rating : 4.8/5 (813 download)
Download or read book Global Economics in Extraordinary Times written by C. Fred Bergsten and published by Peterson Institute. This book was released on 2012-11-15 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over five decades, John Williamson has written across an extraordinarily broad set of topics in international economics ranging from international monetary economics to development policy. The arc of his scholarship follows the main preoccupations of international economists during the second half of the 20th century and the first decade of the 21st. Bridging the scholarly literature and policy debates, his publications on the Washington Consensus, exchange rate policy, and international monetary reform have profoundly influenced public discourse, government policy, and the evolution of the economics discipline. As John marked his 75th birthday, his friends and colleagues prepared this collection of essays to celebrate these many contributions and reflect on their relevance to the challenges that confront the world economy in the wake of the 2008 09 global financial crisis and its current aftermath in Europe.
Author : Dohyeon Lee
Publisher :
ISBN 13 :
Total Pages : 223 pages
Book Rating : 4.:/5 (115 download)
Download or read book Essays in Macroeconomics and International Economics written by Dohyeon Lee and published by . This book was released on 2020 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter ["Optimal Monetary Policy in an Open Economy with Shocks to UIP"] studies optimal cooperative monetary policy between two symmetric countries where shocks to UIP (uncovered interest parity) lead to deviation from the UIP condition. UIP shock results in welfare loss because it distorts the relative consumption between the two countries, which would propagate into inefficient levels of output. Optimal monetary policy, while unable to affect the path of relative consumption, can improve efficiency compared to the flexible price allocation by reducing the distortions in output at the expense of a modest increase in price dispersion. Optimal capital control, in the form of discriminating the interest rates faced by the households and the financial intermediaries, would nullify the impact of UIP shock. The second chapter ["Offshoring and Segregation by Skill: Theory and Evidence"] (with Gueyon Kim) examines the labor market consequences of offshoring. We use the Danish employer-employee matched data together with the newly constructed skill measures to evaluate the effect of offshoring on wages and reallocation of workers within offshorable occupations. Offshoring reduces domestic worker wages; and increases the probability of reallocation away from the high-productivity firms to the low-productivity ones. The least skilled workers further face a greater risk of switching out to a less competitive sector. On the firm-side, offshoring improves the average skill of in-house workers at a lower cost. By estimating a worker-firm matching model, we examine the mechanisms of how offshoring affects labor market inequality and further assess the quantitative importance of various competing hypotheses such as technological change and the expansion of higher education, in addition to offshoring. We find substantially different effects: technology mainly increases the inequality between firms in terms of worker skill quality and average wages, while offshoring mitigates this rising trend. In the third chapter ["Selective Accumulation of Ideas: Accounting for the Decline in Entry Rate"], I explain the secular decline in entry rate of new firms using the mechanism of selective accumulation of ideas over time. In the model, an idea is a blueprint for a new product that arrives exogenously. An individual finds an idea of random quality drawn from an exogenous distribution, and makes an occupational choice of whether to become an entrepreneur using that idea, or to work for other entrepreneurs while discarding the idea. As ideas accumulate over time, the equilibrium threshold idea endogenously rises over time, and this would lower the rate of entry. With an expanding set of industries, the model also explains the industry life cycle, where the number of firms in each industry first increases and then decreases over time.
Author :
Publisher : Cambridge Scholars Publishing
ISBN 13 : 9781527541504
Total Pages : 276 pages
Book Rating : 4.5/5 (415 download)
Download or read book Selected Issues on Current International Economics and Macroeconomics written by and published by Cambridge Scholars Publishing. This book was released on 2020 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays provides a readable, non-technical publication which offers a comprehensive presentation of international economics and macroeconomics issues, trends, data, and likely developments. Readers will learn about Industry 4.0, immigration, productivity and monetary policy, among other pressing topics.
Author : Peter B. Kenen
Publisher : Princeton University Press
ISBN 13 : 0691196605
Total Pages : 272 pages
Book Rating : 4.6/5 (911 download)
Download or read book Essays in International Economics written by Peter B. Kenen and published by Princeton University Press. This book was released on 2019-01-29 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written form 1957 through 1978 by one of the foremost authorities in the field of international economics, this collection of Peter Kenen's previously published essays deals with issues in the pure theory of international trade, international monetary theory, and international monetary reform. The essays in Part I, "Trade, Tariffs, and Welfare," concern the roles of tangible and human capital in the determination of trade patterns, the joint determination of demand conditions and trade patterns, the gains from international trade, and the effects of migration on economic welfare. Part II, "International Monetary Theory and Policy," contains essays on the theory of gold-exchange standard, the determination of forward exchange rates, the demand for international reserves, economic integration and the delineation of currency areas, and the process of balance of payments adjustment under pegged and floating exchange rates. The essays in Part III, "Monetary Reform and the Dollar," are arranged in chonological order, from 1963 through 1977, and focus on the problems and progress of international monetary reform and on the functioning of the present international monetary system. Peter B. Kenen is Walker Professor of Economics and International Finance at Princeton University. The Princeton Sereies of Collected Essays provides facsimile reprints, in paperback and in cloth, of important articles by leading scholars. Originally published in 1981. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author : Mu-Jeung Yang
Publisher :
ISBN 13 :
Total Pages : 125 pages
Book Rating : 4.:/5 (94 download)
Download or read book Essays in Macroeconomics and International Economics written by Mu-Jeung Yang and published by . This book was released on 2012 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation analyzes the interaction of firm level heterogeneity and selection. This selection can encompass either the survival of firms in the market, or their participation in international trade. In the first part I concentrate on the question of how large the aggregate productivity losses from the misallocation of resources across firms are. If firm exit is endogenous, micro-frictions can induce extensive margin misallocation: inefficient firms continue to survive (Zombies) and efficient firms are forced to exit (Shadows). I develop and estimate a fully specified model with plant-level micro-data to quantify extensive margin misallocation. This method allows me to identify Zombie firms, estimate the efficiency distribution of Shadow firms and calculate aggregate Total Factor Productivity (TFP) gains when Zombies are replaced by Shadows. Estimates for Indonesia show that extensive margin misallocation can increase aggregate TFP losses from micro-distortions by over 40%. Compared to existing estimates aggregate TFP losses from micro-distortions are 50-100% higher. In the second part of the dissertation I trace out the implications of a simplified version of the framework I developed in the first part to questions of international trade. The cross-country comparisions in measured micro-distortions suggest that differences in firm heterogeneity could be potentially important to explain aggregate TFP and therefore also trade patterns. I consequently develop a tractable multi-country general equilibrium model of such differences in firm level heterogeneity across countries. I show how the model naturally links measured trade frictions to national firm-efficiency distributions and endogenously generates asymmetries in trade flows in the absence of asymmetric trade frictions. The model is able to generate key stylized facts, specifically the absence of a strong negative relationsship of firm-size dispersions and internal trade shares as predicted by the standard heterogeneous firm trade model with identical efficiency dispersions across countries.
Author : Franz Gehrels
Publisher : Springer Science & Business Media
ISBN 13 : 3642956599
Total Pages : 194 pages
Book Rating : 4.6/5 (429 download)
Download or read book Essays in Macroeconomics of an Open Economy written by Franz Gehrels and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.
Author : Luís Brites Pereira
Publisher : Springer Nature
ISBN 13 : 3030532658
Total Pages : 339 pages
Book Rating : 4.0/5 (35 download)
Download or read book Economic Globalization and Governance written by Luís Brites Pereira and published by Springer Nature. This book was released on 2020-10-16 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.
