G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3138
DP3138 Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?
Angel de la Fuente
发表日期2002
出版年2002
语种英语
摘要We examine the link between the net foreign asset position, the trade balance and the real exchange rate. In particular, we decompose the impact of a country?s net foreign asset position (?external wealth?) on its long-run real exchange rate into two mechanisms: the relation between external wealth and the trade balance; and, holding fixed other determinants, a negative relation between the trade balance and the real exchange rate. We also provide additional evidence that the relative price of nontradables is an important channel linking the trade balance and the real exchange rate.
主题International Macroeconomics
关键词Net foreign assets Trade balance Real exchange rate
URLhttps://cepr.org/publications/dp3138
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532159
推荐引用方式
GB/T 7714
Angel de la Fuente. DP3138 Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?. 2002.
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