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Sinn, Hans-Werner - 2021

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

Persistent link: https://www.econbiz.de/10013226159

Domestic Policies, National Sovereignty and International Economic Institutions

Bagwell, Kyle; Staiger, Robert W. - 2021

in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor … labor and environmental policies, and would lead to a significant loss of sovereignty for national governments. In this … labor and environmental standards, and that with relatively modest changes that grant governments more sovereignty, not less …

Persistent link: https://www.econbiz.de/10013312480

U.S. Multinationals and Competition from Low Wage Countries

Riker, David A.; Brainard, Lael - 2022

It is often argued that the globalization of production places workers in industrialized countries in competition with …

Persistent link: https://www.econbiz.de/10013324135

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

Global Dimensions of U.S. Monetary Policy

Obstfeld, Maurice - 2019

potential spillback onto the U.S. economy from the disproportionate impact of U.S. monetary policy on the outside world. In …

Persistent link: https://www.econbiz.de/10012867084

Globalization and Inflation Dynamics : The Impact of Increased Competition

Sbordone, Argia M. - 2010

This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price-setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...

Persistent link: https://www.econbiz.de/10012759746

Prices and Market Shares in the International Machinery Trade

Kravis, Irving B.; Lipsey, Robert E.; Bushe, Dennis M. - 2021

We use new international price measures we have developed for machinery and transport equipment to explain changes in exports and export shares of the United States, Germany, and Japan. The effects of relative price changes on export shares are fairly large, producing relative quantity changes...

Persistent link: https://www.econbiz.de/10013224881

All Banks Great, Small, and Global : Loan Pricing and Foreign Competition

de Blas, Beatriz - 2010

Can allowing foreign participation in the banking sector increase real output, despite the imperfectly competitive nature of the industry? Using a new model of heterogeneous, imperfectly competitive lenders and a simple search process, we show how endogenous markups (the net interest margin...

Persistent link: https://www.econbiz.de/10013142941

Industrial Policy and Downstream Export Performance

Blonigen, Bruce A. - 2013

Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import protection, and are commonly used by countries to promote targeted sectors. However, such policies can have significant impacts on sectors other than those targeted by the IPs,...

Persistent link: https://www.econbiz.de/10013088677

International Prices and Endogenous Quality

Feenstra, Robert C. - 2013

will be incorporated into the next generation of the Penn World Table …

Persistent link: https://www.econbiz.de/10013090428