Structural Reforms and External Rebalancing is popular PDF and ePub book, written by Mr.Alexander Culiuc in 2017-08-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Structural Reforms and External Rebalancing can be Read Online from any device for your convenience.
Structural Reforms and External Rebalancing Book PDF Summary
Empirical research on structural reforms has focused primarily on their impact on growth and productivity. Yet an often-invoked rationale for structural reforms is their impact on external adjustment. This paper finds little evidence that structural reforms improve the current account in the short run, but they can increase the responsiveness and resilience of the economy to external shocks. In particular, elasticities of exports with respect to the real effective exchange rate increase with some structural indicators, suggesting that structural reforms facilitate the reallocation of resources to the tradable sector in response to a negative external shock. The paper concludes that structural reforms, while not having an immediate positive impact on the current account balance, can be an important complement to traditional macroeconomic adjustment.
Detail Book of Structural Reforms and External Rebalancing PDF
- Author : Mr.Alexander Culiuc
- Release : 07 August 2017
- Publisher : International Monetary Fund
- ISBN : 9781484314241
- Genre : Business & Economics
- Total Page : 51 pages
- Language : English
- PDF File Size : 8,9 Mb
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