Rebalancing through expenditure and price changes

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Publication Type pre-print
School or College College of Social & Behavioral Science
Department Economics
Creator Von Arnim, Rudiger Lennart
Other Author Prabheesh, K. P.
Title Rebalancing through expenditure and price changes
Date 2012-12-01
Description This paper puts forth a Neo-Kaleckian open economy model of two countries in order to investigate adjustment of US-China external imbalances. First, a stylized fixed mark-up model is presented, and discussed based on graphical analysis. Second, we present estimates of bilateral income and price elasticities of imports. Third, we employ the model for simulation analysis. Specifically, we randomly distribute expenditure change across government, investment and imports and calculate the exchange rate change necessary to lead to an equal change in the bilateral external imbalance. Doing so repeatedly allows to estimate probability distributions of endogenous variable changes.
Type Text
Publisher Taylor & Francis (Routledge)
First Page 1
Last Page 24
Language eng
Bibliographic Citation Von Arnim, R. L., & Prabheesh, K. P. (2010). Rebalancing through expenditure and price changes. International Review of Applied Economics, 1-24.
Rights Management (c)Taylor & Francis This is an electronic version of an article printed from authors manuscript, Von Arnim, R. L. (2010). Rebalancing through expenditure and price changes. International Review of Applied Economics. International Review of Applied Economics is available online at http://www.informaworld.com/smpp/ with the open URL of your article.
Format Medium application/pdf
Format Extent 2,695,809 bytes
Identifier uspace,18181
ARK ark:/87278/s6b59tvw
Setname ir_uspace
Date Created 2014-08-15
Date Modified 2021-05-06
ID 712639
Reference URL https://collections.lib.utah.edu/ark:/87278/s6b59tvw