We propose a model for analyzing euro area trade based on the interaction betweenmacroeconomic and trade variables. First, we show that macroeconomic variables arenecessary to generate accurate short-term trade forecasts; this result can be explainedby the high correlation between trade and macroeconomic variables, with the latterbeing released in a more timely manner. Second, the model tracks well the dynamicsof trade variables conditional on the path of macroeconomic variables during the greatrecession; this result makes ...
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We propose a model for analyzing euro area trade based on the interaction betweenmacroeconomic and trade variables. First, we show that macroeconomic variables arenecessary to generate accurate short-term trade forecasts; this result can be explainedby the high correlation between trade and macroeconomic variables, with the latterbeing released in a more timely manner. Second, the model tracks well the dynamicsof trade variables conditional on the path of macroeconomic variables during the greatrecession; this result makes our model a reliable tool for scenario analysis. Third, wequantify the contribution of the most important euro area trading partners (regions)to the aggregate extra euro area developments: we evaluate the impact of an increaseof the external demand from a specific region on the extra euro area trade.
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Add this copy of A Global Trade Model for the Euro Area to cart. $10.43, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2015 by Createspace Independent Publishing Platform.
Add this copy of A Global Trade Model for the Euro Area to cart. $30.96, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2015 by CreateSpace Independent Publis.
