Global Rebalancing in a Three-Country Model
نویسندگان
چکیده
منابع مشابه
Global Rebalancing in a Three-Country Model
This paper extends the model of Engler et al. (2007) on the adjustment of the US current account to a three-country world economy. This allows an analysis of the differential impact of a reversal of the US current account on Europe and Asia. In particular, the outcomes under different exchange rate policies are analysed. The main nding is that large factor re-allocations from non-tradables to t...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1374850