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Hamilton, James D. - 2013

If commercial producers or financial investors use futures contracts to hedge against commodity price risk, the arbitrageurs who take the other side of the contracts may receive compensation for their assumption of nondiversifiable risk in the form of positive expected returns from their...

Persistent link: https://www.econbiz.de/10013081835

Foreign Competition and Domestic Innovation : Evidence from U.S. Patents

Autor, David H. - 2016

-level and technology class-level patent production. Accompanying this fall in innovation, global employment, sales …

Persistent link: https://www.econbiz.de/10012978100

The Margins of Global Sourcing : Theory and Evidence from U.S. Firms

Antras, Pol - 2014

We develop a quantifiable multi-country sourcing model in which firms self-select into importing based on their productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable across destination markets, global sourcing decisions...

Persistent link: https://www.econbiz.de/10013039758

Trade and Tasks : An Exploration Over Three Decades in Germany

Becker, Sascha O. - 2014

statistics from varying sources. Four main facts emerge: (i) intermediate inputs constitute a major share of imports, and their …; (iii) the imputed activity and job requirement content of German imports grows relatively more intensive in work … to the changing task content of German imports but German sector-level outcomes exhibit some covariation consistent with …

Persistent link: https://www.econbiz.de/10013040240

Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure

Autor, David H. - 2016

Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...

Persistent link: https://www.econbiz.de/10012982947

Commodity Trade and the Carry Trade : A Tale of Two Countries

Ready, Robert C. - 2013

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...

Persistent link: https://www.econbiz.de/10013076915

Exchange Rate Pass-Through into Import Prices : A Macro or Micro Phenomenon?

Campa, José Manuel; Goldberg, Linda S. - 2021

pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country …'s macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty …

Persistent link: https://www.econbiz.de/10013225806

U.S. Imports, Exports, and Tariff Data, 1989-2001

Feenstra, Robert C.; Romalis, John; Schott, Peter K. - 2021

years 1989-2001. Earlier CD-ROMs distributed by the NBER described data on U.S. imports and exports from 1972-1994, and …

Persistent link: https://www.econbiz.de/10013245505

The Price of Stability : The Balance Sheet Policy of the Banque De France and the Gold Standard (1880-1914)

Bazot, Guillaume - 2014

Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...

Persistent link: https://www.econbiz.de/10013046162

Supply-Side Policies in the Depression : Evidence from France

Cohen-Setton, Jeremie - 2016

The effects of supply-side policies in depressed economies are controversial. We shed light on this debate using evidence from France in the 1930s. In 1936, France departed from the gold standard and implemented mandatory wage increases and hours restrictions. Deflation ended but output...

Persistent link: https://www.econbiz.de/10012995511