France in the Global Economy PDF
By:Mr. Francisco Nadal-De Simone,Alain N. Kabundi
Published on 2007-06-01 by International Monetary Fund
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.
This Book was ranked at 13 by Google Books for keyword International Foreign Exchange novel.
Book ID of France in the Global Economy's Books is rNAwKoTQbqUC, Book which was written byMr. Francisco Nadal-De Simone,Alain N. Kabundihave ETAG "Xro3DAYRsjU"
Book which was published by International Monetary Fund since 2007-06-01 have ISBNs, ISBN 13 Code is 9781451911466 and ISBN 10 Code is 1451911467
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