Global Rebalancing with Gravity: Measuring the Burden of Adjustment
Global Rebalancing with Gravity: Measuring the Burden of Adjustment
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London: Palgrave Macmillan
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Language
English
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London: Palgrave Macmillan
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Contents
This paper uses a 42-country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDPs, real wages, and real absorption. How much relative GDPs need to change depends on flexibility of two forms: factor mobility and adjustment in sourcing of imports, with more flexibility re...
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Full title
Global Rebalancing with Gravity: Measuring the Burden of Adjustment
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TN_cdi_proquest_miscellaneous_757457846
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_757457846
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ISSN
1020-7635,2041-4161
E-ISSN
1564-5150,2041-417X
DOI
10.1057/imfsp.2008.17
