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The Impacts of the Dollar-Renminbi Exchange Rate Misalignment on the China-United States Commodity Trade: An Asymmetric Analysis

Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

Persistent link: https://www.econbiz.de/10013266671

An Equilibrium Model of the African HIV/AIDS Epidemic

Greenwood, Jeremy - 2018

Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...

Persistent link: https://www.econbiz.de/10012908690

Enhanced cooperation in an asymmetric model of tax competition

Vrijburg, Hendrik; De Mooij, Ruud A. - 2010

This paper analyzes enhanced cooperation agreements in corporate taxation in a three country tax competition model where countries differ in size. We characterize equilibrium tax rates and the optimal tax responses due to the formation of an enhanced cooperation agreement. Conditions for...

Persistent link: https://www.econbiz.de/10010266099

The Determinants of Crude Oil Prices: Evidence from ARDL and Nonlinear ARDL Approaches

Salem, Leila Ben; Nouira, Ridha; Jeguirim, Khaled; … - 2022

) approach is used to explore this asymmetry. The use of an asymmetric error correction model with asymmetric cointegration …

Persistent link: https://www.econbiz.de/10013470309

Global Environmental Agreements and International Trade: Asymmetry of Countries Matters

Eichner, Thomas; Pethig, Rüdiger - 2014

climate damage asymmetry tends to discourage cooperation in the grand coalition. The effects of fuel-demand asymmetry depend … fuel demand asymmetry. If fuel is sufficiently scarce, low degrees of fuel demand asymmetry discourage cooperation whereas … higher degrees of asymmetry stabilize the grand coalition. …

Persistent link: https://www.econbiz.de/10010435744

Group Contests with Internal Conflict and Power Asymmetry

Choi, Jay Pil; Chowdhury, Subhasish M.; Kim, Jaesoo - 2014

asymmetry and complementarity in members' efforts, and analyze how each group's internal conflict in-fluences its chance of …-dissipation is non-monotonic with the within-group power asymmetry. …

Persistent link: https://www.econbiz.de/10010480849

Asymmetries in Risk Premia, Macroeconomic Uncertainty and Business Cycles

Görtz, Christoph; Yeromonahos, Mallory - 2019

measures for this risk premium, we document that it also exhibits growth asymmetry, i.e. the risk premium rises sharply in … which agents cannot perfectly observe the state of current productivity, can generate the observed asymmetry in the risk … accuracy. In addition to matching moments of the risk premium, the model is also successful in generating the growth asymmetry …

Persistent link: https://www.econbiz.de/10012179758

Forging a Global Environmental Agreement through Trade Sanctions on Free Riders?

Eichner, Thomas; Pethig, Rüdiger - 2015

on the degree of asymmetry and other parameters. On some subset of parameters, the embargo stabilizes the otherwise …

Persistent link: https://www.econbiz.de/10011307070

The Role of Oil Price Shocks in Causing U.S. Recessions

Kilian, Lutz; Vigfusson, Robert J. - 2016

Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent to which oil price shocks explain recessions. We provide a formal analysis of this question with special attention to the possible role...

Persistent link: https://www.econbiz.de/10011431278

Measuring Euro Area Monetary Policy

Altavilla, Carlo; Brugnolini, Luca; Gürkaynak, Refet S.; … - 2019

We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three factors capture about all of the variation in the yield curve but that these are different factors with different variance shares in the window that contains the policy decision...

Persistent link: https://www.econbiz.de/10012052805