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Global Imbalances
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 trade imbalances. Simulation results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP developments in these economies can account for a significant fraction of the total deterioration in the U.S. trade balance since 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors can also partially explain the evolution of the real effective value of the U.S. dollar during this period.
Global Imbalances
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 productivity slowdown in the non-tradable sector of these economies in the second half of the 1990s fits regional macroeconomic developments relatively well, but has limited spillover effect to the United States trade balance. In contrast, an increase in the desired level of emerging Asia net foreign assets starting in 2001 not only fits regional developments relatively well, but also has a significant spillover effect to the United States.
Hearings
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Oxford Thương Y?u
Truy?n d?i l?y b?i c?nh t?i trư?ng đ?i h?c Oxford ? Anh xoay quanh m?i t?nh c?a c? sinh vi?n Vi?t Nam v? ngư?i tr? gi?ng B? Đ?o Nha, v?i m?t k?t th?c c? h?u. "Oxford thương y?u" l?i cu?n ngư?i đ?c b?ng nh?ng đo?n t? c?nh thi?n nhi?n tuy?t đ?p, nh?ng quan ni?m s?ng c?i m? v? hư?ng thi?n c?a m?t l?p thanh ni?n trư?ng th?nh trong giai đo?n đ?t nư?c đư?c đ?i m?i. ? nhi?u đo?n, t?c ph?m đư?c kh?c h?a như m?t b?c tranh lung linh m?u s?c v? s?ng đ?ng hi?n th?c.Kim chưa k?p vui m?ng v? đ? thuy?t ph?c đư?c Fernando, anh đ? đ?p b?n đ?nh "r?m" đ?y gi?n d?: "Lư?i bi?ng th? c? th? tha, ch? d?i tr? th? kh?ng ch?p nh?n đư?c!". Ti?ng đ?p b?n c?ng th?m ti?ng th?t b?t m?n c?...
Intelligent Agents for Telecommunication Applications
This book constitutes the refereed proceedings of the Second International Workshop on Intelligent Agents for Telecommunication Applications, IATA'98, held in Paris, France, in July 1998, in conjunction with the 1998 Agents World Conference. The book presents 17 revised full papers carefully selected for inclusion in the volume. The book is divided into topical sections on network architecture, network configuration and planning, network optimization, network management, agent-based architectures for service applications.
Climatological Data
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Functional Organic Materials
This timely overview of the syntheses for functional pi-systems focuses on target molecules that have shown interesting properties as materials or models in physics, biology and chemistry. The unique concept allows readers to select the right synthetic strategy for success, making it invaluable for a number of industrial applications. A "must have" for everyone working in this new and rapidly expanding field.
