Coverart for item
The Resource Rebalancing in the Euro Area and cyclicality of current account adjustments, Thierry Tressel and Shengzu Wang

Rebalancing in the Euro Area and cyclicality of current account adjustments, Thierry Tressel and Shengzu Wang

Label
Rebalancing in the Euro Area and cyclicality of current account adjustments
Title
Rebalancing in the Euro Area and cyclicality of current account adjustments
Statement of responsibility
Thierry Tressel and Shengzu Wang
Creator
Contributor
Author
Issuing body
Subject
Genre
Language
eng
Summary
"The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shedding. There is so far limited evidence of resource re-allocation from non-tradable to tradable sectors, while improved export performance is still dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes but also cyclical forces, suggesting that part of the improvements may unwind when cyclical conditions improve. Looking ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove very challenging. Structural reforms will play an important role in the reallocation of resources to the tradable sector and the associated relative price adjustment, while boosting non-price and price competitiveness"--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Tressel, Thierry
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 14/130 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1978-
http://library.link/vocab/relatedWorkOrContributorName
  • Wang, Shengzu
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/14/130
http://library.link/vocab/subjectName
  • Balance of payments
  • Competition
  • Debts, External
  • Balance of payments
  • Competition
  • Debts, External
  • European Union countries
Label
Rebalancing in the Euro Area and cyclicality of current account adjustments, Thierry Tressel and Shengzu Wang
Instantiates
Publication
Copyright
Note
  • "European Department"--Page 2 of pdf
  • "July 2014."
Bibliography note
Includes bibliographical references (pages 29-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover -- Contents -- I. Introduction -- II. Progress with Adjustment: Stylized Facts -- III. Determinants of Export Competitiveness: Beyond Price Adjustments -- IV. Cyclicality of Current Account Adjustments -- V. Internal and External Rebalancing: How Far to Go? -- VI. Concluding Remarks -- VII. Appendix -- Technical Notes -- References -- Box 1. The Role of Non-Price Factors on Exports -- Figures -- 1. Contributions to Changes in Total Exports by Country -- 2. Determinants of the Current Account Changes -- 3. Determinants of Quarterly Export Performance
  • 4. Correlation of Trade Specialization Index: 1995 and 20115. Service Exports in the Last Decade: Trends and Shares -- Tables -- 1. Summary of Country Current Account Decompositions -- 2. NFA Positions in the Core and deficit countries: Projected Adjustments -- Appendix Tables -- A1. Baseline Results of the Current Account Panel Estimations -- A2. Impact of Common Effects on the Current Account Adjustments
Control code
884465992
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781498333924
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)884465992
Label
Rebalancing in the Euro Area and cyclicality of current account adjustments, Thierry Tressel and Shengzu Wang
Publication
Copyright
Note
  • "European Department"--Page 2 of pdf
  • "July 2014."
Bibliography note
Includes bibliographical references (pages 29-30)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover -- Contents -- I. Introduction -- II. Progress with Adjustment: Stylized Facts -- III. Determinants of Export Competitiveness: Beyond Price Adjustments -- IV. Cyclicality of Current Account Adjustments -- V. Internal and External Rebalancing: How Far to Go? -- VI. Concluding Remarks -- VII. Appendix -- Technical Notes -- References -- Box 1. The Role of Non-Price Factors on Exports -- Figures -- 1. Contributions to Changes in Total Exports by Country -- 2. Determinants of the Current Account Changes -- 3. Determinants of Quarterly Export Performance
  • 4. Correlation of Trade Specialization Index: 1995 and 20115. Service Exports in the Last Decade: Trends and Shares -- Tables -- 1. Summary of Country Current Account Decompositions -- 2. NFA Positions in the Core and deficit countries: Projected Adjustments -- Appendix Tables -- A1. Baseline Results of the Current Account Panel Estimations -- A2. Impact of Common Effects on the Current Account Adjustments
Control code
884465992
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781498333924
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)884465992

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