Liquidity shocks, real interest rates, and global imbalances
The author uses a simple neoclassical model to show how liquidity shocks at home and abroad can contribute to trade imbalances and low real interest rates. The author’s interpretation is consistent with Bernanke’s (2005) “global saving glut” hypothesis.
Volume (Year): (2012)
Issue (Month): May ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pengfei Wang & Yi Wen & Zhiwei Xu, 2012.
"Two-way capital flows and global imbalances: a neoclassical approach,"
2012-016, Federal Reserve Bank of St. Louis.
- Zhiwei XU & Yi Wen & pengfei Wang, 2013. "Two-Way Capital Flows and Global Imbalances: A Neoclassical Approach," 2013 Meeting Papers 406, Society for Economic Dynamics.
- Song, Zheng Michael & Storesletten, Kjetil & Zilibotti, Fabrizio, 2009.
"Growing like China,"
CEPR Discussion Papers
7149, C.E.P.R. Discussion Papers.
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