It takes the average reader and 31 minutes to read Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia by Ms.Isabelle Mejean
Assuming a reading speed of 250 words per minute. Learn more
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in the terms of trade and real exchange rates in a three-country open economy model of the U.S., China, and other emerging Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the case where export prices remain constant in one country and increase in the other. Our results are robust to different assumptions about elasticities of substitution and to introducing a high degree of vertical fragmentation in production in the model.
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia by Ms.Isabelle Mejean is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia aloud.
Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia is suitable for students ages 8 and up.
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