Are Capital Inflows Expansionary or Contractionary? : Theory, Policy Implications, and Some Evidence /

Are Capital Inflows Expansionary or Contractionary? : Theory, Policy Implications, and Some Evidence /

The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way. To reconci...

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Bibliografiske detaljer
Hovedforfatter:	Blanchard, Olivier
Andre forfattere:	Chamon, Marcos, Ghosh, Atish, Ostry, Jonathan
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2015.
Serier:	IMF Working Papers; Working Paper ; No. 2015/226
Online adgang:	Full text available on IMF

Lignende værker

The Expansionary Lower Bound : Contractionary Monetary Easing and the Trilemma /
af: Cavallino, Paolo
Udgivet: (2018)

Capital Inflows : Macroeconomic Implications and Policy Responses /
af: Elekdag, Selim
Udgivet: (2009)

Expansionary Austerity New International Evidence /
af: Leigh, Daniel
Udgivet: (2011)

Capital Inflows : The Role of Controls /
af: Ostry, Jonathan
Udgivet: (2010)

Contractionary Devaluation in Developing Countries : An Analytic Overview.
Udgivet: (1988)

Sterilizing Capital inflows.
Udgivet: (1997)

The Capital Inflows Problem : Concepts and Issues /
af: Reinhart, Carmen
Udgivet: (1993)

The capital inflows problem : concepts and issues /
af: Calvo, Guillermo A.
Udgivet: (1994)

Managing Capital Inflows : What Tools to Use? /
af: Ostry, Jonathan
Udgivet: (2011)

Implications of a Surge in Capital Inflows : Available tools and Consequences for the Conduct of Monetary Policy /
af: Lee, Jang-Yung
Udgivet: (1996)

The Return of Expansionary Austerity : Firms' Investment Response to Fiscal Adjustments in Emerging Markets /
af: Magud, Nicolas
Udgivet: (2022)

Coping with Capital Inflows : Experiences of Selected European Countries /
af: Vavra, David
Udgivet: (2007)

Capital Inflows to Latin America : The 1970's and the 1990's /
af: Reinhart, Carmen
Udgivet: (1992)

Capital Inflows and the Real Exchange Rate : Analytical Framework and Econometric Evidence /
af: Agenor, Pierre-Richard
Udgivet: (1996)

Capital Inflows and Policy Responses in the As EAN Region /
af: Koenig, Linda
Udgivet: (1996)

Recent Experiences with Surges in Capital Inflows /
af: Kahn, Robert
Udgivet: (1993)

Determinants and Repercussions of the Composition of Capital Inflows /
af: Carlson, Mark
Udgivet: (2002)

The Chinese Approach to Capital Inflows : Patterns and Possible Explanations /
af: Wei, Shang-Jin
Udgivet: (2005)

The Effectiveness of Monetary Policy Transmission Under Capital Inflows : Evidence from Asia /
af: Jain-Chandra, Sonali
Udgivet: (2012)

Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence /
af: Cerdeiro, Diego
Udgivet: (2019)

Capital Inflows, Credit Growth, and Financial Systems /
af: Igan, Deniz
Udgivet: (2015)

Can Short-Term Capital Controls Promote Capital Inflows? /
af: Cordella, Tito
Udgivet: (1998)

Real Effects of Capital Inflows in Emerging Markets /
af: Igan, Deniz
Udgivet: (2016)

Capital Inflows and Balance of Payments Pressures : Tailoring Policy Responses in Emerging Market Economies /
af: Joshi, Bikas
Udgivet: (2008)

The Effectiveness of Capital Controls and Prudential Policies in Managing Large Inflows /
af: Habermeier, Karl
Udgivet: (2011)

Managing Large-Scale Capital Inflows : The Case of the Czech Republic, Poland and Romania /
af: Keller, Leonor
Udgivet: (2012)

Portfolio Inflows Eclipsing Banking Inflows : Alternative Facts? /
af: Cerutti, Eugenio
Udgivet: (2018)

Do Inflows or Outflows Dominate? : Global Implications of Capital Account Liberalization in China /
af: Bayoumi, Tamim
Udgivet: (2013)

Capital Inflows and the Real Exchange Rate : Can Financial Development Cure the Dutch Disease? /
af: Saborowski, Christian
Udgivet: (2009)

Capital Inflows, Exchange Rate Flexibility, and Credit Booms /
af: Magud, Nicolas
Udgivet: (2012)

Capital Inflows, Financial Development, and Domestic Investment : Determinants and Inter-Relationships /
af: Spatafora, Nikola
Udgivet: (2012)

A Pecking Order Theory of Capital Inflows and International Tax Principles /
af: Yuen, Chi-Wa
Udgivet: (1996)

Capital Inflows, Sterilization, and Commercial Bank Speculation : The Case of the Czech Republic in the Mid-1990's /
af: Christensen, Jakob
Udgivet: (2004)

Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate : The Case of Turkey /
af: Ucer, E.
Udgivet: (1997)

Retarding Short-Term Capital Inflows Through withholding Tax /
af: Zee, Howell
Udgivet: (2000)

Do IMF-Supported Programs Boost Private Capital Inflows? : The Role of Program Size and Policy Adjustment /
af: Benelli, Roberto
Udgivet: (2003)

The Macroeconomics of Managing Increased Aid Inflows : Experiences of Low-Income Countries and Policy Implications.
Udgivet: (2005)

Non-FDI Capital Inflows in Low-Income Developing Countries : Catching the Wave? /
af: Araujo, Juliana
Udgivet: (2015)

Exchange Rate Flexibility and Credit during Capital Inflow Reversals : Purgatory ... not Paradise /
af: Magud, Nicolas
Udgivet: (2014)