It takes the average reader to read France in the Global Economy by Alain N. Kabundi
Assuming a reading speed of 250 words per minute. Learn more
This study identifies the main shocks that cause fluctuations in French output and their channels of transmission. It uses a large-dimensional structural approximate dynamic factor model. There are three main findings. First, common shocks, especially demand shocks, which seem to originate from the U.S., play an important role in explaining French economic activity. While international trade, relative prices, and FDI flows are the main channels of transmission, the stock market, consumer confidence, and interest rates also matter. Second, France's integration with the rest of the world has increased over time. Third, there is some tentative evidence of regional components in explaining French output fluctuations; countryspecific components also contribute. The predominance of exogenous factors affecting French output, the asymmetry in the transmission of shocks, and France's participation in a currency area, argue for making French goods, services, and labor markets as flexible as possible.
France in the Global Economy by Alain N. Kabundi is 0 pages long, and a total of 0 words.
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The average oral reading speed is 183 words per minute. This means it takes to read France in the Global Economy aloud.
France in the Global Economy is suitable for students ages 2 and up.
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