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International Evidenceon Tradables and Nontradables Inflation

International Evidenceon Tradables and Nontradables Inflation »

Source: International Evidenceon Tradables and Nontradables Inflation

Volume/Issue: 1994/33

Series: IMF Working Papers

Author(s): Holger Wolf , Alberto Giovannini , and Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1994

ISBN: 9781451979282

Keywords: relative price, nontradable goods, tradable goods, inflation rates

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in...

Global Imbalances

Global Imbalances »

Source: Global Imbalances : The Role of Emerging Asia

Volume/Issue: 2009/64

Series: IMF Working Papers

Author(s): Massimiliano Pisani , Pietro Cova , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451872118

Keywords: emerging Asia, trade deficit, non-tradable sector, exchange rate, tradable goods, intermediate goods, terms of trade, elasticity of substitution, Non-tradable Sector Non-tradable Sector,

This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances. Based on simulations in a general equilibrium model of the world economy, we find that a produ...

The Behavior of Nontradable Goods Prices in Europe

The Behavior of Nontradable Goods Prices in Europe »

Source: The Behavior of Nontradable Goods Prices in Europe : Evidence and Interpretation

Volume/Issue: 1993/45

Series: IMF Working Papers

Author(s): Jose De Gregorio , Thomas Krueger , and Alberto Giovannini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1993

ISBN: 9781451974263

Keywords: exchange rate, nontradable goods, real exchange rate, tradable goods, exchange rates

This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European countries. A model of an open economy is used to analyze different factors that can account for...

What Explains India's Real Appreciation?

What Explains India's Real Appreciation? »

Source: What Explains India's Real Appreciation?

Volume/Issue: 2007/268

Series: IMF Working Papers

Author(s): Renu Kohli , and Sudip Mohapatra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2007

ISBN: 9781451868319

Keywords: Tradable, nontradable, real exchange, appreciation, macroeconomic policy, relative price, per capita income, terms of trade, nontradable goods,

We examine the evolution of nontradable and tradable prices in the Indian economy over 1980-2002 and find widening differentials: the real exchange rate has been appreciating. This might seem unsurprising, since In...

Finance and Convergence

Finance and Convergence »

Source: Finance and Convergence : What's Ahead for Emerging Europe?

Volume/Issue: 2007/244

Series: IMF Working Papers

Author(s): Philip Schellekens , and Rudolfs Bems

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2007

ISBN: 9781451868074

Keywords: convergence, general equilibrium, capital inflows, capital markets, nontradable goods, current account deficits, current account deficit,

This paper singles out the key short-term risks and medium-term challenges related to finance and convergence in emerging Europe. With the help of a general equilibrium theoretical framework, the paper identifies p...

Aggregate Investment Expenditures on Tradable and Nontradable Goods

Aggregate Investment Expenditures on Tradable and Nontradable Goods »

Source: Aggregate Investment Expenditures on Tradable and Nontradable Goods

Volume/Issue: 2008/45

Series: IMF Working Papers

Author(s): Rudolfs Bems

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869071

Keywords: tradable and nontradable goods, expenditure, expenditures, investment expenditures, input-output, expenditure share,

This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across countries and regions. Furthermore, the two expenditure shares have remained close to constant...

Global Imbalances

Global Imbalances »

Source: Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

Volume/Issue: 2009/63

Series: IMF Working Papers

Author(s): Alessandro Rebucci , Nicoletta Batini , Pietro Cova , and Massimiliano Pisani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451872101

Keywords: trade deficit, non-tradable sector, GEM, tfp, tradable goods, elasticity of substitution, intermediate goods, terms of trade,

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of today's global tra...

A Noteon Terms of Trade Shocks and the Wage Gap

A Noteon Terms of Trade Shocks and the Wage Gap »

Source: A Noteon Terms of Trade Shocks and the Wage Gap

Volume/Issue: 2010/279

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2010

ISBN: 9781455210862

Keywords: Non-tradable goods, terms of trade shocks, distributive conflict, terms of trade, tradable goods, skilled workers, unskilled workers, Neoclassical Models of Trade, Nonrenewable Resources and Conservation: Other,

Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-trada...

International Evidenceon Tradables and Nontradables Inflation

International Evidenceon Tradables and Nontradables Inflation »

Volume/Issue: 1994/33

Series: IMF Working Papers

Author(s): Holger Wolf , Alberto Giovannini , and Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1994

DOI: http://dx.doi.org/10.5089/9781451979282.001

ISBN: 9781451979282

Keywords: relative price, nontradable goods, tradable goods, inflation rates

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in...

On the Distributive Effects of Terms of Trade Shocks

On the Distributive Effects of Terms of Trade Shocks »

Source: On the Distributive Effects of Terms of Trade Shocks : The Role of Non-tradable Goods

Volume/Issue: 2010/241

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2010

ISBN: 9781455209415

Keywords: Non-tradable goods, terms of trade shocks, distributive conflict and export taxes, export taxes, terms of trade, export tax, skilled labor, tradable goods, Neoclassical Models of Trade, Nonrenewable Resources and Conservation: General,

We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities producing exclusively...