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.:
- 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.
- Pengfei Wang & Yi Wen & Zhiwei Xu, 2012. "Two-way capital flows and global imbalances: a neoclassical approach," Working Papers 2012-016, Federal Reserve Bank of St. Louis.
- 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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