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Delegation in International Monetary Policy Games

Dolado, Juan J.; Griffiths, Mark; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1993

In this paper we show that the delegation of monetary policy to an independent and more conservative central banker is an optimal policy in an international context with monetary spillovers between countries, even in the absence of time inconsistency (credibility) issues. We also study the...

Persistent link: https://www.econbiz.de/10005114375

Make Trade not War?

Martin, Philippe; Mayer, Thierry; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2005

This paper analyses theoretically and empirically the relationship between trade and war. We show that the intuition that trade promotes peace is only partially true even in a model where trade is beneficial to all, war reduces trade and leaders take into account the costs of war. When war can...

Persistent link: https://www.econbiz.de/10005504509

Globalization and Democracy

Hamilton, Carl B - C.E.P.R. Discussion Papers - 2002

The Paper analyses (i) if globalization is undemocratic, (ii) if NGOs can fill a gap in representation and … democracy and globalization. A major part deals with the question of whether globalization enhances democracy. The answer is …

Persistent link: https://www.econbiz.de/10005497698

US Special Safeguard on Imports of Tires from China: Imposing Pain for Little Gain

Charnovitz, Steve; Hoekman, Bernard - C.E.P.R. Discussion Papers - 2012

In 2009, the United States imposed additional tariffs for a three-year period on imports of automotive tires from China under a special-safeguard provision included in China’s Protocol of Accession to the WTO. China challenged the measure in the WTO. The case marked the first WTO dispute in...

Persistent link: https://www.econbiz.de/10011083656

Credit Constraints and Growth in a Global Economy

Coeurdacier, Nicolas; Guibaud, Stéphane; Jin, Keyu - C.E.P.R. Discussion Papers - 2012

In a period of rapid integration and accelerated growth in emerging markets, three striking trends have been (1) a divergence in the private saving rates of emerging markets and advanced economies, (2) large net capital outflows from emerging markets, and (3) a sustained decline in the world...

Persistent link: https://www.econbiz.de/10011083716

Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels

Tong, Hui; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2012

How does increasing globalization affect corporate transparency? Freer trade represents two facets and in theory has …-country-year level, and a second measure of globalization-induced product market competition based on a country’s own tariff … globalization promotes corporate transparency, especially in industries that depend heavily on external financing. At the same time …

Persistent link: https://www.econbiz.de/10011083813

Who Needs the Nation State?

Rodrik, Dani - C.E.P.R. Discussion Papers - 2012

The design of institutions is shaped by a fundamental trade-off. On the one hand, relationships and heterogeneity push governance down. On the other, the scale and scope benefits of market integration push governance up. A corner solution is rarely optimal. An intermediate outcome, a world...

Persistent link: https://www.econbiz.de/10011084069

Globalization, Credence Goods and International Civil Society

Krautheim, Sebastian; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

The process of globalization is characterized by an impressive growth in global value chains, as well as the … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that …

Persistent link: https://www.econbiz.de/10011084080

Trade Theory with Numbers: Quantifying the Consequences of Globalization

Costinot, Arnaud; Rodriguez-Clare, Andres - C.E.P.R. Discussion Papers - 2013

We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying … consequences of globalization. …

Persistent link: https://www.econbiz.de/10011084415

Media slant against foreign owners: Downsizing

Friebel, Guido; Heinz, Matthias - C.E.P.R. Discussion Papers - 2012

lower bound estimate, because Germans are rather globalization-friendly and we are looking at quality papers, not tabloids. …

Persistent link: https://www.econbiz.de/10011084478