Capital mobility in the world economy: an alternative test

Article Abstract:

A new measure of international capital mobility was formulated after applying Campbell and Mankiw's permanent income model to an open economy environment. The new measure concentrates on the correlation between consumption and net output rather on the correlation between saving and investment. The proposed model revealed the existence of capital mobility constraints on several member nations of the Organization for Economic Cooperation and Development.

Economics, Research and Development in the Social Sciences and Humanities, Models, Income

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Burgernomics: The economics of the Big Mac standard

Article Abstract:

The Big Mac Index is considered a more effective international monetary standard as research shows it is exact in monitoring exchange rates over the long-term, which is constant with earlier purchasing power parity (PPP) findings. Notwithstanding the Big Mac's flexibility, it can still be improved by considering the presence of productivity slant between countries.

Public Finance Activities, National Government Finance, Public finance, Indexes, Indexes (Information retrieval), Purchasing power

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• Abstracts: Saving-investment dynamics and capital mobility in the US and Japan. A search for long memory in international stock market returns

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