{"product_id":"a-global-trade-model-for-federal-reserve-board-9781511660518","title":"A Global Trade Model for the Euro Area","description":"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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Federal Reserve Board\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1511660511\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781511660518\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/10\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 36\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.24lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.02h x 8.50w x 0.07d","brand":"Federal Reserve Board","offers":[{"title":"Paperback","offer_id":48623069692159,"sku":"9781511660518","price":12.95,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/a-global-trade-model-for-federal-reserve-board-9781511660518","provider":"WR Book House","version":"1.0","type":"link"}