【主讲】Alessandro Barattieri (University of Quebec at Montreal)
【主题】Asymmetric Trade Liberalizations and Current Account Dynamics
【时间】2016年6月20日 (周一) 15：30-17：00
【地点】上海财经大学经济学院楼701室
【语言】英文
【摘要】In this paper, I show a strong positive correlation between the value-added share of manufacturing in 2000 and current account balances in 2007 for the Euro area coun-tries. I propose asymmetries in the timing of trade liberalizations as a new mechanism a ecting the dynamics of the current account. I build intuition using a simple model. Then, I use an international business cycle model to show how the asymmetric dy-namics of trade costs in manufacturing and services in 2000-2007 can partially explain the rise in the German surplus. Lastly, I provide broad empirical support for the key predictions of the theory.
