G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w13846
来源IDWorking Paper 13846
Global Rebalancing with Gravity: Measuring the Burden of Adjustment
Robert Dekle; Jonathan Eaton; Samuel Kortum
发表日期2008-03-07
出版年2008
语种英语
摘要We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the adjustment in sourcing of imports, with more flexibility requiring less change. At the extreme, US GDP falls by 30 percent relative to the world's. Because of the pervasiveness of nontraded goods, however, most domestic prices move in parallel with relative GDP, so that changes in real GDP are small.
主题International Economics ; Trade ; International Finance ; International Macroeconomics
URLhttps://www.nber.org/papers/w13846
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/571521
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Robert Dekle,Jonathan Eaton,Samuel Kortum. Global Rebalancing with Gravity: Measuring the Burden of Adjustment. 2008.
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