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An Equilibrium Model of “Global Imbalances” and Low Interest Rates
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no DOI — not checkedIMF" are those from the IMF. Average per capita GDP Growth is calculated as the average over 1980-2004 of the annual change of GDP per capita in 2000 U.S. dollars. Countries included are listed in Appendix A. Figure 8: Real Exchange Rate and Reserves in Developing Countries
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no DOI — not checkedNet ODA" represents all ODA flows, defined as those flows to developing countries and multilateral institutions provided by official agencies, including state and local governments, or by their executive agencies
no DOI — not checkedNet concessional PPG ext. debt flows" is average annual total (bilateral and multilateral) concessional PPG debt flows
no DOI — not checkedNet private capital flows (Equity/GDP)" represents the average over 1980-2000 of the net flows of foreign liabilities minus net flows of foreign assets. Net flows of foreign liabilities (assets) are the annual changes in the stocks of FDI and portfolio equity investment liabilities (assets) from LM normalized by the initial GDP
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