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Acemoglu, Daron - 1999

In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...

Persistent link: https://www.econbiz.de/10012471782

Import Diversion under European Antidumping Policy

Vandenbussche, Hylke - 1999

This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...

Persistent link: https://www.econbiz.de/10012471444

A Phillips Curve for the Euro Area

Ball, Laurence M. - 2019

This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A critical feature of the analysis is that we measure core inflation with the weighted median of industry inflation rates, which is less volatile than the common measure of inflation...

Persistent link: https://www.econbiz.de/10012480393

Non-Monetary News in Central Bank Communication

Cieslak, Anna - 2018

We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central banks and a comprehensive classification of events, we decompose news conveyed by central banks into news about monetary policy, economic growth, and separately, shocks to risk...

Persistent link: https://www.econbiz.de/10012480685

MPC Heterogeneity in Europe : Sources and Policy Implications

Ampudia, Miguel - 2018

. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … participation rates, portfolio shares and wealth to income ratios by education and country. The policy functions based upon the … estimation are used to characterize the distributions of the marginal propensity to consume across households for each of the …

Persistent link: https://www.econbiz.de/10012480733

Measuring TFP : The Role of Profits, Adjustment Costs, and Capacity Utilization

Comin, Diego A. - 2020

estimation method that accounts for non-zero profits, structurally estimates adjustment costs, and relies on a utilization proxy …

Persistent link: https://www.econbiz.de/10012482228

The Impact of the COVID-19 Pandemic and Policy Response on Health Care Utilization : Evidence from County-level Medical Claims and Cellphone data

Cantor, Jonathan H. - 2020

The COVID-19 pandemic has forced federal, state and local policymakers to respond by legislating, enacting, and enforcing social distancing policies. However, the impact of these policies on healthcare utilization in the United States has been largely unexplored. We examine the impact of...

Persistent link: https://www.econbiz.de/10012482350

Borders within Europe

Santamaría, Marta A. - 2020

Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million annual shipments of goods by road across 269 European regions, we construct a matrix of bilateral trade flows for 12 industries from 2011 to 2017. We then use the causal inference...

Persistent link: https://www.econbiz.de/10012482519

Three Current Account Balances : A "Semi-Structuralist" Interpretation

Chinn, Menzie D. - 2005

Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...

Persistent link: https://www.econbiz.de/10012466819

Exchange-Rate Pass-Through to Import Prices in the Euro Area

Campa, José Manuel - 2005

This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run...

Persistent link: https://www.econbiz.de/10012467045