The Experts below are selected from a list of 40887 Experts worldwide ranked by ideXlab platform
Chi-wa Yuen - One of the best experts on this subject based on the ideXlab platform.
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Capital Mobility and the Output-Inflation Tradeoff
Journal of Development Economics, 2001Co-Authors: Prakash Loungani, Assaf Razin, Chi-wa YuenAbstract:Abstract Identifying determinants of the output–inflation tradeoff has been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with the predictions of a version of the Mundell–Fleming model. Restrictions on Capital Mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output–inflation tradeoff are taken from previous studies (viz., Lucas [Am. Econ. Rev. 63 (1973)] and Ball, Mankies and Romer 19 (1988)).
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Capital Mobility and the Output-Inflation Tradeoff
IMF Working Papers, 2000Co-Authors: Assaf Razin, Prakash Loungani, Chi-wa YuenAbstract:Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on Capital Mobility are measured using the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988).
Prakash Loungani - One of the best experts on this subject based on the ideXlab platform.
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Capital Mobility and the Output-Inflation Tradeoff
Journal of Development Economics, 2001Co-Authors: Prakash Loungani, Assaf Razin, Chi-wa YuenAbstract:Abstract Identifying determinants of the output–inflation tradeoff has been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with the predictions of a version of the Mundell–Fleming model. Restrictions on Capital Mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output–inflation tradeoff are taken from previous studies (viz., Lucas [Am. Econ. Rev. 63 (1973)] and Ball, Mankies and Romer 19 (1988)).
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Capital Mobility and the Output-Inflation Tradeoff
IMF Working Papers, 2000Co-Authors: Assaf Razin, Prakash Loungani, Chi-wa YuenAbstract:Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on Capital Mobility are measured using the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988).
Assaf Razin - One of the best experts on this subject based on the ideXlab platform.
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Capital Mobility and the Output-Inflation Tradeoff
Journal of Development Economics, 2001Co-Authors: Prakash Loungani, Assaf Razin, Chi-wa YuenAbstract:Abstract Identifying determinants of the output–inflation tradeoff has been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with the predictions of a version of the Mundell–Fleming model. Restrictions on Capital Mobility are measured using the IMF's Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output–inflation tradeoff are taken from previous studies (viz., Lucas [Am. Econ. Rev. 63 (1973)] and Ball, Mankies and Romer 19 (1988)).
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Capital Mobility and the Output-Inflation Tradeoff
IMF Working Papers, 2000Co-Authors: Assaf Razin, Prakash Loungani, Chi-wa YuenAbstract:Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We provide evidence that in countries with greater restrictions on Capital Mobility, a given reduction in the inflation rate is associated with a smaller loss in output. This result is shown to be consistent with theoretical presumption from a version of the Mundell-Fleming model. Restrictions on Capital Mobility are measured using the IMF’s Annual Report on Exchange Rate Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas (1973) and Ball, Mankiw and Romer (1988).
Christian Pierdzioch - One of the best experts on this subject based on the ideXlab platform.
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Capital Mobility and labor market volatility
International Economics and Economic Policy, 2010Co-Authors: M. Alper Çenesiz, Christian PierdziochAbstract:We used a dynamic two-country optimizing model featuring efficiency wages to analyze the implications of Capital Mobility for labor market volatility. Capital Mobility magnifies the short-run effects of productivity shocks and monetary shocks on employment and the real wage, but dampens the medium-run effects. The overall effects of Capital Mobility on the volatility and the cyclical properties of employment and the real wage are moderate.
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Home-Product Bias, Capital Mobility, and Macroeconomic Volatility
Social Science Research Network, 2008Co-Authors: Christian PierdziochAbstract:This paper uses a dynamic general equilibrium two-country optimizing model to analyse the consequences of international Capital Mobility for macroeconomic volatility. To this end, the dynamic macroeconomic effects of a monetary policy, a fiscal policy, and a labor supply shock are analysed. Simulations are used to analyse the implications of changes in the degree of Capital Mobility for the propagation of shocks. The simulation results obtained for a bond economy are compared with the simulation results obtained for a complete-market economy. It is shown that allowing for a home-product bias in preferences has a number of interesting implications for the way changes in international Capital Mobility and in the structure of international financial markets affect how shocks propagate through an open economy.
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Capital Mobility and the effectiveness of fiscal policy in open economies
Journal of Macroeconomics, 2004Co-Authors: Christian PierdziochAbstract:Abstract This paper uses a dynamic general equilibrium two-country optimizing ‘new-open economy macroeconomics’ model to analyze the consequences of international Capital Mobility for the effectiveness of fiscal policy. Conventional wisdom suggests that higher Capital Mobility diminishes the effectiveness of fiscal policy. The model laid out in this paper provides an example that a higher degree of Capital Mobility can also increase the effectiveness of fiscal policy. This tends to be the case if the stance of monetary policy can be described by means of a simple monetary policy rule.
Bong-han Kim - One of the best experts on this subject based on the ideXlab platform.
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Capital Mobility in saving and investment: A time-varying coefficients approach
Journal of International Money and Finance, 2008Co-Authors: Paul Evans, Bong-han KimAbstract:Abstract This paper uses a model with time-varying coefficients in order to track changes in Feldstein–Horioka saving-retention coefficients over time. To the extent that such coefficients measure international Capital Mobility, the main empirical findings are as follows. First, the stability of the saving-retention coefficient is strongly rejected. Second, Capital has long been perfectly mobile in Canada. Third, Capital Mobility has never been high in the United States. Fourth, Capital was more mobile in Japan and the United Kingdom at the turn of the 20th century than it has been during the postwar period. Capital Mobility has risen in Argentina, Italy and Sweden since around 1970. Finally, Capital Mobility for most of the countries considered has not monotonically increased during the postwar period.
