Global Imbalances : the Role of Non-Tradabletotal Factor Productivity in Advanced Economies /

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today''s global trade imbalances. Simulation results based on a dynamic general equilibrium mo...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Rebucci, Alessandro
Corporate Author: International Monetary Fund
Other Authors: Batini, Nicoletta, Cova, Pietro, Pisani, Massimiliano
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers ; Working Paper no. 09/63.
Subjects:
Production (Economic theory)
Economic development.
Production.
Développement économique.
economic development.
Economic development
Online Access:Texto completo
Table of Contents:
  • I. Introduction; II. Methodology; A. Mode, Calibration, and Solution; B. TFP Paths; III. Results; IV. Conclusions; Tables; 1. Annual Average Total Factor Productivity Growth by Sector and Country; Figures; 1. Global Merchandise Trade Balances; 2. Total Factor Productivity Paths; 3. Actual and Simulated U.S. Trade Balance; 4. Actual versus Simulated Trade Balances; 5. Actual and Simulated U.S. Real Effective Exchange Rate.; References

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