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...

詳細記述

書誌詳細
第一著者: Greene, Joshua
その他の著者: Kandil, Magda
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2002.
シリーズ:IMF Working Papers; Working Paper ; No. 2002/045
オンライン・アクセス: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