Structural Policy Reforms and External Imbalances:
It has been argued that one solution to global current account imbalances is for countries with current account surpluses to undertake structural reforms. This would raise their potential growth, which is assumed to put downward pressure on the current account position. This paper takes a closer loo...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2005
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | It has been argued that one solution to global current account imbalances is for countries with current account surpluses to undertake structural reforms. This would raise their potential growth, which is assumed to put downward pressure on the current account position. This paper takes a closer look at how such structural reforms in labour markets, product markets, and financial markets could be expected to affect current accounts. It also tests empirically, using pooled time-series techniques (that control for the influence of relative cyclical positions, government fiscal balances and the real exchange rate), whether or not reforms in these areas would have any significant relationship with current accounts. The overall finding is that indicators of structural reforms do have a significant relationship with the current account but the contribution of these variables to explain current account positions is quite limited ... |
| Beschreibung: | 1 Online-Ressource (24 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/874440708453 |
Internformat
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:34:56Z |
| indexdate | 2024-12-18T19:02:44Z |
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| language | English |
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| spelling | Kennedy, Mike Verfasser aut Structural Policy Reforms and External Imbalances Mike Kennedy and Torsten Sløk = Politique de réformes structurelles et balances extérieures / Mike Kennedy et Torsten Sløk Politique de réformes structurelles et balances extérieures Paris OECD Publishing 2005 1 Online-Ressource (24 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers It has been argued that one solution to global current account imbalances is for countries with current account surpluses to undertake structural reforms. This would raise their potential growth, which is assumed to put downward pressure on the current account position. This paper takes a closer look at how such structural reforms in labour markets, product markets, and financial markets could be expected to affect current accounts. It also tests empirically, using pooled time-series techniques (that control for the influence of relative cyclical positions, government fiscal balances and the real exchange rate), whether or not reforms in these areas would have any significant relationship with current accounts. The overall finding is that indicators of structural reforms do have a significant relationship with the current account but the contribution of these variables to explain current account positions is quite limited ... Economics Sløk, Torsten ctb https://doi.org/10.1787/874440708453 Verlag kostenfrei Volltext |
| spellingShingle | Kennedy, Mike Structural Policy Reforms and External Imbalances Economics |
| title | Structural Policy Reforms and External Imbalances |
| title_alt | Politique de réformes structurelles et balances extérieures |
| title_auth | Structural Policy Reforms and External Imbalances |
| title_exact_search | Structural Policy Reforms and External Imbalances |
| title_exact_search_txtP | Structural Policy Reforms and External Imbalances |
| title_full | Structural Policy Reforms and External Imbalances Mike Kennedy and Torsten Sløk = Politique de réformes structurelles et balances extérieures / Mike Kennedy et Torsten Sløk |
| title_fullStr | Structural Policy Reforms and External Imbalances Mike Kennedy and Torsten Sløk = Politique de réformes structurelles et balances extérieures / Mike Kennedy et Torsten Sløk |
| title_full_unstemmed | Structural Policy Reforms and External Imbalances Mike Kennedy and Torsten Sløk = Politique de réformes structurelles et balances extérieures / Mike Kennedy et Torsten Sløk |
| title_short | Structural Policy Reforms and External Imbalances |
| title_sort | structural policy reforms and external imbalances |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/874440708453 |
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