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International Trade, Trade and Industrial Policy and Imperfect Competition: A Survey

Venables, Anthony J - C.E.P.R. Discussion Papers - 1985

The incorporation of details of industrial organisation into the study of international trade has been the subject of a fast growing recent literature which is surveyed in this paper. Whereas the conventional theory of trade deals almost exclusively with perfect competition and non-increasing...

Persistent link: https://www.econbiz.de/10005498164

Why Industrial Policies Fail: Limited Commitment

Karp, Larry; Perloff, Jeffrey - C.E.P.R. Discussion Papers - 1990

Government policies designed to give domestic exporters a strategic advantage in world markets are completely effective only if the government can commit to those policies for as long as they affect firms' decisions. Export subsidies or other output policies that affect firms only in the current...

Persistent link: https://www.econbiz.de/10005656419

Did Tariffs Matter That Much? Ireland since the 1920s

O'Gráda, Cormac - C.E.P.R. Discussion Papers - 1988

The contrasting tariff regimes of Northern and Southern Ireland after 1932 must have influenced industrial structure and specialization. Can a comparison of Northern and Southern data from the 1960s, just before the South began to opt for trade liberalization again, 'reveal' the damage done by...

Persistent link: https://www.econbiz.de/10005662419

The US-Japan Semiconductor Agreement

Baldwin, Richard - C.E.P.R. Discussion Papers - 1990

The semiconductor arrangement was intended to enhance free trade based on market principles. This paper argues that the arrangement had exactly the opposite effect. The arrangement has two parts: a price floor to prevent predatory pricing, and provisions to double U.S. market share in Japan to...

Persistent link: https://www.econbiz.de/10005791362

The Trade Strategy of the European Union: Time for a Rethink?

Evenett, Simon J - C.E.P.R. Discussion Papers - 2007

The European Union is the world's largest trader, a fact that on the face of it ought to convert into considerable clout in international commercial negotiations. Yet, since the World Trade Organization's (WTO's) creation in 1995, it is difficult to point to a string of successes for the...

Persistent link: https://www.econbiz.de/10005124370

Oil Price Shocks: Causes and Consequences

Kilian, Lutz - C.E.P.R. Discussion Papers - 2014

do not occur ceteris paribus. This makes it necessary to explicitly account for the demand and supply shocks underlying …

Persistent link: https://www.econbiz.de/10011083294

The Role of Inventories and Speculative Trading in the Global Market for Crude Oil

Kilian, Lutz; Murphy, Daniel P - C.E.P.R. Discussion Papers - 2010

to the speculative demand for oil as well as shocks to the flow demand and flow supply. The forward-looking element of … an estimate of this elasticity based on shifts of the supply curve along the demand curve. We show that, even after …

Persistent link: https://www.econbiz.de/10008530341

Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model

Forni, Mario; Gambetti, Luca - C.E.P.R. Discussion Papers - 2010

-shock specification, we identify, using sign restrictions, two non-policy shocks, demand and supply, and two policy shocks, monetary and … fiscal. We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply …

Persistent link: https://www.econbiz.de/10008468698

Macroeconomic Policy Games with Incomplete Information: Some Extensions

Driffill, John - C.E.P.R. Discussion Papers - 1987

central result of the work by Backus and Driffill and by Barro is that the uncertainty may provide an incentive for the … in two ways. First, it considers a model in which the uncertainty about the government's preferences is somewhat more … exactly the policy measures taken by the government. The analysis of the more general model of uncertainty about preferences …

Persistent link: https://www.econbiz.de/10005504603

Model Misspecification and Under-Diversification

Uppal, Raman; Wang, Tan - C.E.P.R. Discussion Papers - 2002

In this Paper we develop a model of intertemporal portfolio choice where an investor accounts explicitly for the possibility of model misspecification. This work is motivated by the difficulty in estimating precisely the probability law for asset returns. Our contribution is to develop a...

Persistent link: https://www.econbiz.de/10005504745