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E-book
Author Helbling, Thomas.

Title Real interest rates, real exchange rates, and net foreign assets in the adjustment process / prepared by Thomas Helbling and Bart Turtelboom
Published [Washington, D.C.] : International Monetary Fund, Research Dept., [1995]
©1995
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Description 1 online resource (iii, 32 pages) : illustrations
Series IMF working paper ; WP/95/129
IMF working paper ; WP/95/129
Summary Annotation This paper analyzes the recent behavior of real exchange rates, the trade balance and the net foreign asset position of the United States in an intertemporal optimizing model of the world economy that incorporates heterogeneity across countries and imperfect international capital and good markets. While the model successfully tracks the dynamics of trade balances and net foreign assets it generates too much consumption smoothing and excessively volatile relative prices. Resolving these inadequacies simultaneously is difficult as the elasticity of substitution between tradables and nontradables affects in opposite ways the degree of consumption smoothing and the volatility of relative prices
Bibliography Includes bibliographical references (pages 29-32)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Alien property -- United States -- Econometric models.
Consumption (Economics) -- Econometric models.
Foreign exchange rates -- United States -- Econometric models.
Interest rates -- United States -- Econometric models.
International trade -- Econometric models.
Form Electronic book
Author Turtelboom, Bart.
International Monetary Fund. Research Department.
ISBN 1455207047
9781455207046