Series: IMF Working Papers
Author(s): Massimiliano Pisani , Pietro Cova , and Alessandro Rebucci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: emerging Asia, trade deficit, non-tradable sector, exchange rate, tradable goods, intermediate goods, terms of trade, elasticity of substitution, Non-tradable Sector Non-tradable Sector,
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 produ...