This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, component representing measurement error or transitory income shocks and an...

This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used...

Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...

Country export quality (measured by unit values) is correlated with income level suggesting that studying quality dynamics potentially offers insights into the development process. This paper uses highly disaggregated trade data to explore the export quality (unit value) dynamics of goods...

This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade. It uses a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development to derive two predictions. First, the mean rate of...

This article summarises the results of a study on the Germany energy crisis and the need for an extension and modificationsof the electricity price break. The study shows that the energy crisis led to a short-run output loss comparable to the output losses as-sociated with the COVID-19 crisis in...

Unserer Wirtschaft droht wegen der immer noch hohen Strompreise das Wegbröckeln von Teilen der Industrie. International konkurrenzfähige Preise für regenerativen Strom sind absehbar in Sicht, aber es droht Gefahr, dass auf dem Weg dorthin Wertschöpfung und Arbeitsplätze unwiederbringlich...

In this essay, I outline a method to compute the economic impact of a sudden stop of natural gas imports from Russia. First, I estimate the reduction in the short-run supply of natural gas for the economy and the industry sector. Second, I use model simulations to analyse the effect of a sudden...