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...
| Prif Awdur: | Blanchard, Olivier |
|---|---|
| Awduron Eraill: | Chamon, Marcos, Ghosh, Atish, Ostry, Jonathan |
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2015/226 |
| Mynediad Ar-lein: | Full text available on IMF |
Eitemau Tebyg
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Capital Inflows : Macroeconomic Implications and Policy Responses /
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Expansionary Austerity New International Evidence /
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Cyhoeddwyd: (2011) -
Capital Inflows : The Role of Controls /
gan: Ostry, Jonathan
Cyhoeddwyd: (2010) -
Contractionary Devaluation in Developing Countries : An Analytic Overview.
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