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Author : Stephanie Schmitt-Grohe
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (321 download)
Download or read book The International Transmission of Economic Fluctuations written by Stephanie Schmitt-Grohe and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephanie Schmitt-Grohé
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book The International Transmission of Economic Fluctuations written by Stephanie Schmitt-Grohé and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines whether asset and goods market trade alone can explain the transmission of short term economic fluctuations between national economies. Three alternative mechanisms by which disturbances are transmitted are analyzed. One mechanism operates through variations in the rate of return on international financial assets, the second through changes in the terms of trade due to variations in the export demand and in the third mechanism variations in export demand affect not only the terms of trade but also equilibrium markups, because export producers have market power and collude as in (Rotemberg and Woodford, 1992). Empirically testable quantitative models of the effects on Canadian output, investment and employment of shocks to the U.S. economy are developed. The empirical success of the three mechanisms is tested by comparing impulse responses estimated from vector autoregressions to the quantitative predictions of the theoretical models for hypothetical parameter configurations suggested in the literature on (international) real business cycles. For all transmission channels considered, a central discrepancy between predicted and observed transmission is that the models can explain quantitatively the observed increase in real variables like investment, output and hours only in combination with a substantially higher terms of trade appreciation than is in fact observed.
Author : Stephanie Schmitt-Grohé
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (849 download)
Download or read book The International Transmission of Economic Fluctuations written by Stephanie Schmitt-Grohé and published by . This book was released on 1995 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
![Download International Transmission of the Business Cycle in a Multi-sectoral Model [electronic Resource] PDF Online Free](https://books.google.com/books/content/images/frontcover/6wzxjwEACAAJ?fife=w200-h370)
Author : Ambler, Steve
Publisher : [Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE)
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (489 download)
Download or read book International Transmission of the Business Cycle in a Multi-sectoral Model [electronic Resource] written by Ambler, Steve and published by [Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE). This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : L. W. Samuelson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (5 download)
Download or read book International Transmission of Economic Fluctuations written by L. W. Samuelson and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
![Download Vertical International Trade as a Monetary Transmission Mechanism in an Open Economy [computer File] PDF Online Free](https://books.google.com/books/content/images/frontcover/tILBnQEACAAJ?fife=w200-h370)
Author : Université du Québec à Montréal. Center for Research on Economic Fluctuations and Employment
Publisher : [Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE)
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (529 download)
Download or read book Vertical International Trade as a Monetary Transmission Mechanism in an Open Economy [computer File] written by Université du Québec à Montréal. Center for Research on Economic Fluctuations and Employment and published by [Montréal] : Centre de recherche sur l'emploi et les fluctuations économiques, Université du Québec à Montréal (CREFÉ) = Center for Research on Economic Fluctuations and Employment (CREFE). This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael R. Darby
Publisher : University of Chicago Press
ISBN 13 : 0226136434
Total Pages : 744 pages
Book Rating : 4.2/5 (261 download)
Download or read book The International Transmission of Inflation written by Michael R. Darby and published by University of Chicago Press. This book was released on 2008-04-15 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation became the dominant economic, social, and political problem of the industrialized West during the 1970s. This book is about how the inflation came to pass and what can be done about it. Certain to provoke controversy, it is a major source of new empirical information and theoretical conclusions concerning the causes of international inflation. The authors construct a consistent data base of information for eight countries and design a theoretically sound model to test and evaluate competing hypotheses incorporating the most recent theoretical developments. Additional chapters address an impressive variety of issues that complement and corroborate the core of the study. They answer such questions as these: Can countries conduct an independent monetary policy under fixed exchange rates? How closely tied are product prices across countries? How are disturbances transmitted across countries? The International Transmission of Inflation is an important contribution to international monetary economics in furnishing an invaluable empirical foundation for future investigation and discussion.
Author : Soo Y. Kim
Publisher :
ISBN 13 :
Total Pages : 314 pages
Book Rating : 4.:/5 (256 download)
Download or read book Transmission of International Economic Fluctuations to a Small Open Economy written by Soo Y. Kim and published by . This book was released on 1982 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : A. P. L. Minford
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (596 download)
Download or read book The International Transmission of Fluctuations in Economic Activity, Secular Growth and Inflation written by A. P. L. Minford and published by . This book was released on 1983 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alain Van Peeterssen
Publisher :
ISBN 13 :
Total Pages : 73 pages
Book Rating : 4.:/5 (52 download)
Download or read book Comparison Between International Multipliers (of International Transmission of Economic Fluctuations) Computed with Three Econometric Models written by Alain Van Peeterssen and published by . This book was released on 1976 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martín Uribe
Publisher : Princeton University Press
ISBN 13 : 0691158770
Total Pages : 646 pages
Book Rating : 4.6/5 (911 download)
Download or read book Open Economy Macroeconomics written by Martín Uribe and published by Princeton University Press. This book was released on 2017-04-04 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes
Author : Soo-Yong Kim
Publisher :
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.3/5 (129 download)
Download or read book Transmission of International Economic Fluctuations to a Small Open Economy written by Soo-Yong Kim and published by . This book was released on 1978 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Eswar Prasad
Publisher : International Monetary Fund
ISBN 13 : 1451857217
Total Pages : 39 pages
Book Rating : 4.4/5 (518 download)
Download or read book Identifying the Common Component in International Economic Fluctuations written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 1999-11-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a unified treatment of cyclical and seasonal fluctuations and also captures the dynamic propagation of shocks across countries. Correlations of individual country fluctuations with the common component provide evidence of a “world business cycle” and a distinct European common component. The results suggest that macroeconomic fluctuations have become more closely linked across industrial economies in the post–Bretton Woods period.
Author : Robin L. Lumsdaine
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book Identifying the Common Component in International Economic Fluctuations written by Robin L. Lumsdaine and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component in international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a unified treatment of cyclical and seasonal fluctuations and also captures the dynamic propagation of shocks across countries. Based on correlations of individual country fluctuations with the common component, we find evidence for a `world business cycle' as well as evidence for a distinct European common component. We find few systematic differences in international business cycle relationships between the Bretton Woods and post-Bretton Woods periods.
Author : Jordi Galí
Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Author : Laurent Ferrara
Publisher : Springer
ISBN 13 : 3319790757
Total Pages : 300 pages
Book Rating : 4.3/5 (197 download)
Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author : Stephanie Schmitt-Grohé
Publisher : Princeton University Press
ISBN 13 : 0691189544
Total Pages : 483 pages
Book Rating : 4.6/5 (911 download)
Download or read book International Macroeconomics written by Stephanie Schmitt-Grohé and published by Princeton University Press. This book was released on 2022-09-06 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomics Brings undergraduate and master’s instruction in line with modern economic research Follows a microfounded, optimizing, and dynamic general equilibrium approach Addresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crises Uses real-world data to test the predictions of theoretical models Features a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of models Accompanied by a website with lecture slides for every chapter
