National Bank of Belgium paper studies effect of shocks on US trade balance
A working paper, published by the National Bank of Belgium on August 2, finds there is a significant impact from shocks to the marginal efficiency of investment (MEI) on the US trade balance.
Authors Punnoose Jacob and Gert Peersman use a dynamic stochastic general equilibrium model incorporating data from the US and 16 other OECD countries over the period 1980–2005. The paper finds that a positive shock to the MEI improves the efficiency with which investment is integrated into the capital
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com