Current account imbalances : can structural policies make a difference? /

Saved in:
Bibliographic Details
Author / Creator:Ivanova, Anna, 1968- author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2012.
Description:1 online resource (35 pages) : illustrations
Language:English
Series:IMF working paper ; WP/12/61
IMF working paper ; WP/12/61.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12500085
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. European Department, issuing body.
Notes:At head of title: European Department.
Title from PDF title page (IMF Web site, viewed March 1, 2012).
"February 2012."
Includes bibliographical references.
Summary:The discussion of global and regional imbalances has put the spotlight on the possible link between current accounts and structural policies. Drawing on standard empirical current account models, the paper finds that the commonly recommended structural factors cannot explain the widening of imbalances prior to the 2008 - 09 crisis. That said, structural factors do help explain some part of long-standing cross-country differences in the current account levels. In particular, countries with stricter credit market regulation, higher taxes on businesses, lower minimum wage (in particular, in slow growing economies) and generous unemployment benefits tend to have higher current account balances than others.

MARC

LEADER 00000cam a2200000Ia 4500
001 12500085
006 m o d
007 cr |||||||||||
008 120305s2012 dcuad ob i000 0 eng d
005 20240822221633.0
019 |a 801381782 
035 9 |a (OCLCCM-CC)779160000 
035 |a (OCoLC)779160000  |z (OCoLC)801381782 
040 |a DJB  |b eng  |e pn  |c DJB  |d CUS  |d MYG  |d OCLCQ  |d OCLCA  |d OCLCF  |d E7B  |d YDXCP  |d OCLCQ  |d AU@  |d EBLCP  |d MHW  |d CUS  |d OCLCQ  |d MERUC  |d NLC  |d OCLCQ  |d CEF  |d OCLCQ  |d VT2  |d OCLCQ  |d OCLCO 
049 |a MAIN 
050 4 |a HG3882  |b .I93 2012eb 
050 4 |a HG3881.5.I58  |b W67 No. 12/61eb 
100 1 |a Ivanova, Anna,  |d 1968-  |e author.  |0 http://id.loc.gov/authorities/names/no2004025017 
245 1 0 |a Current account imbalances :  |b can structural policies make a difference? /  |c Anna Ivanova. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2012. 
300 |a 1 online resource (35 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/12/61 
500 |a At head of title: European Department. 
500 |a Title from PDF title page (IMF Web site, viewed March 1, 2012). 
500 |a "February 2012." 
520 3 |a The discussion of global and regional imbalances has put the spotlight on the possible link between current accounts and structural policies. Drawing on standard empirical current account models, the paper finds that the commonly recommended structural factors cannot explain the widening of imbalances prior to the 2008 - 09 crisis. That said, structural factors do help explain some part of long-standing cross-country differences in the current account levels. In particular, countries with stricter credit market regulation, higher taxes on businesses, lower minimum wage (in particular, in slow growing economies) and generous unemployment benefits tend to have higher current account balances than others. 
504 |a Includes bibliographical references. 
505 0 |a Cover; Abstract; Contents; I. Introduction; II. Literature Review; III. Baseline Model; IV. Structural Policies and the Current Account; V. Long-standing Structural Differences and the Current Account; VI. Interaction of Structural Factors and Fundamentals; VII. Implications for Germany; VIII. Conclusions; IX. References; Appendix; Data Description. 
650 0 |a Balance of payments  |x Econometric models. 
650 6 |a Balance des paiements  |x Modèles économétriques. 
650 7 |a Balance of payments  |x Econometric models.  |2 fast  |0 (OCoLC)fst00825676 
655 0 |a Electronic books. 
655 4 |a Electronic books. 
710 2 |a International Monetary Fund.  |b European Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n86100166 
830 0 |a IMF working paper ;  |v WP/12/61.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2012/061/001.2012.issue-061-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i 2bbc1b1b-d40c-54fa-9dc4-8094204246e0  |s f4f00e63-5692-540e-a7bb-ebc1730ac9d9 
928 |t Library of Congress classification  |a HG3882.I93 2012eb  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2012/061/001.2012.issue-061-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12144245