Macroeconomic Volatility after Trade and Capital Account Liberalization

Macroeconomic Volatility after Trade and Capital Account Liberalization

What are the equilibrium effects of trade and capital liberalization on consumption smoothing? This question is addressed by studying the response to productivity shocks in a baseline two country, two goods, incomplete market model, where foreign b...

Full description

Bibliographic Details
Main Author: Pancaro, Cosimo
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCELERATOR
ADVANCED COUNTRIES
ADVANCED ECONOMIES
ADVANCED ECONOMY
ALLOCATION OF CAPITAL
AMOUNT OF COLLATERAL
AMOUNT OF DEBT
BANK POLICY
BENCHMARK
BOND
BORROWER
BUDGET CONSTRAINT
BUSINESS CYCLE
BUSINESS CYCLES
CAPITAL ACCOUNT
CAPITAL ACCOUNT LIBERALIZATION
CAPITAL FLOWS
CAPITAL MOBILITY
CAPITAL SHARE
CAPITAL STOCK
CENTRAL BANK
COLLATERAL
CONSUMPTION SMOOTHING
CREDIT MARKET
DEBT
DEBTS
DEVELOPING COUNTRIES
DEVELOPING ECONOMIES
DEVELOPMENT BANK
DEVELOPMENT ECONOMICS
DOMESTIC CONSUMPTION
DOMESTIC PRICE
DOMESTIC PRICE OF IMPORTS
DURABLE
DURABLE GOODS
ECONOMIC DEVELOPMENT
ECONOMIC FLUCTUATIONS
ECONOMIC VOLATILITY
ELASTICITY
ELASTICITY OF LABOR SUPPLY
ELASTICITY OF SUBSTITUTION
EMERGING ECONOMIES
EMERGING ECONOMY
EMERGING MARKET
EMERGING MARKET ECONOMIES
EMERGING MARKETS
EQUILIBRIUM
EXPECTED UTILITY
EXPORTS
EXTERNAL ASSETS
EXTERNAL SHOCKS
FINAL GOODS
FINANCIAL DEVELOPMENT
FINANCIAL FLOWS
FINANCIAL INSTITUTIONS
FINANCIAL INTEGRATION
FINANCIAL LIBERALIZATION
FINANCIAL MARKETS
FINANCIAL OPENNESS
FOREIGN ASSET
FOREIGN ASSET POSITION
FOREIGN ASSETS
FOREIGN GOODS
FOREIGN MARKETS
FOREIGN TECHNOLOGIES
FREE TRADE
GDP
GENERAL EQUILIBRIUM
GLOBALIZATION
GROWTH VOLATILITY
HOLDING
HOME COUNTRY
IMPACT OF TRADE
IMPORT SHARE
INCOME
INCOME SHOCK
INCOMPLETE MARKETS
INDUSTRY TRADE
INSURANCE
INTEREST RATE
INTERMEDIATE GOODS
INTERMEDIATE INPUTS
INTERNATIONAL BANK
INTERNATIONAL BORROWING
INTERNATIONAL BUSINESS
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCIAL INTEGRATION
INTERNATIONAL FINANCIAL MARKETS
INTERNATIONAL TRADE
INTERNATIONAL TRANSPORTATION
LENDERS
LIBERALIZATION
LOAN
MACROECONOMIC INSTABILITY
MACROECONOMIC POLICY
MACROECONOMIC VOLATILITY
MACROECONOMICS
MARGINAL COST
MARGINAL UTILITY
MARGINAL UTILITY OF CONSUMPTION
MARGINAL VALUE
MARKET IMPERFECTIONS
MARKET INTEGRATION
MARKET REFORMS
MICRO DATA
MONETARY POLICY
NET EXPORTS
NON-TARIFF BARRIERS
OPEN ECONOMIES
OPEN ECONOMY
OPENNESS
OPTIMIZATION
OUTPUT
PERFECT COMPETITION
POLITICAL ECONOMY
PORTFOLIO
PORTFOLIO FLOWS
POSITIVE EFFECTS
PROCESS OF INTEGRATION
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTIVITY
REAL ESTATE
RETURN
RISK SHARING
SHARE OF WORLD TRADE
SMALL COUNTRY
SPECIALIZATION
TARIFF BARRIERS
TERMS OF TRADE
TRADE BALANCE
TRADE COSTS
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE OPENNESS
TRADING
TRANSMISSION OF PRODUCTIVITY
TRANSPORT COSTS
TROUGH
UTILITY FUNCTION
VALUE OF COLLATERAL
VALUE OF EXPORTS
VOLATILITY
WAGE RATE
WEALTH
WEALTH EFFECT
WORLD ECONOMY
WORLD TRADE
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101006152610
http://hdl.handle.net/10986/3923

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101006152610
http://hdl.handle.net/10986/3923

Similar Items