The Impact of Cyclical Factors on the U. S. Balance of Payments /

Real GDP growth and real effective exchange rate (REER) appreciation appear cointegrated with the current and financial accounts of the U.S. balance of payments. On this basis, we estimate reduced form equations showing that expected changes and shocks to real GDP, the REER, energy prices, and growt...

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Bibliografske podrobnosti
Glavni avtor: Greene, Joshua
Drugi avtorji: Kandil, Magda
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2002.
Serija:IMF Working Papers; Working Paper ; No. 2002/045
Online dostop:Full text available on IMF
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100 1 |a Greene, Joshua. 
245 1 4 |a The Impact of Cyclical Factors on the U. S. Balance of Payments /  |c Joshua Greene, Magda Kandil. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Real GDP growth and real effective exchange rate (REER) appreciation appear cointegrated with the current and financial accounts of the U.S. balance of payments. On this basis, we estimate reduced form equations showing that expected changes and shocks to real GDP, the REER, energy prices, and growth in emerging market economies and other industrial countries explain much of the short-term variation in the U.S. current account balance, with the balance worsening as real GDP, energy prices, and the REER increase. In addition, foreign direct investment rises with real growth, while stock market prices affect the composition of capital inflows. 
538 |a Mode of access: Internet 
700 1 |a Kandil, Magda. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/045 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/045/001.2002.issue-045-en.xml  |z IMF e-Library