Contents of the volume

2016, Volume 69 - Issue 1

ISSN: 2499-8265
RSS feed citation: at CitEc
Publication date: 23 February 2016

EFFECT OF RECENT U.S. MONETARY POLICY ON THE BALANCE OF TRADE.

Deergha Raj Adhikari

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CAN DEBT CEILING AND GOVERNMENT SHUTDOWN PREDICT US REAL STOCK RETURNS? A BOOSTRAP ROLLING WINDOW APPROACH

Goodness C. Aye, Mehmet Balcilar, Ghassen El Montasser, Rangan Gupta, Nangamso C. Manjezi

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CHARACTERISING THE SOUTH AFRICA BUSINESS CYCLE: IS GDP DIFFERENCE-STATIONARY OR TREND-STATIONARY IN A MARKOV-SWITCHING SETUP?

Mehmet Balcilar, Rangan Gupta, Charl Jooste, Omid Ranjbar

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IS THERE A TWO-SPEED EUROPE ALSO IN THE WELL-BEING?

Enrico Ivaldi, Guido Bonatti, Riccardo Soliani

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Deergha Raj ADHIKARI, III College Of Business Administration, University Of Louisiana At Lafayette, Louisiania, USA

Effect of Recent U.S. Monetary Policy on the Balance of Trade.

Pages

1-10

Abstract

Our study develops a model of the balance of trade, which is a function of domestic (U.S.) and foreign real GDPs, exchange rate of U.S. dollar, and monetary policy (credit easing) dummy. We then empirically test the model on a panel data for the U.S. and BRICS countries over the period, 1995-2014, and find that the Fed’s quantitative easing has no effect, whatsoever, on U.S. balance of trade.

JEL classification

C13, E32, E58, F41

Keywords

Business Fluctuations and Cycles, Central Banks and their Policies, Causality, Open Economy Macroeconomics

Index

  1. Introduction
  2. The model
  3. Methodology
  4. Data
  5. Empirical findings
  6. Summary and conclusion

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