Showing 1 - 10 of 24
, date business-cycle turning points. Despite a high degree of trade and financial linkages, the cyclical features of US …
Persistent link: https://www.econbiz.de/10009635889
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
This paper uses a model of import prices whereby exporters to the euro area set export prices partly as a mark-up on their production costs (i.e., the degree of exchange rate pass-through) and partly in line with euro area producer prices (i.e., pricing-to-market). Using both time series and...
Persistent link: https://www.econbiz.de/10009639848
Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French … firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is … crisis, the overall impact of credit constraints on trade remains limited. …
Persistent link: https://www.econbiz.de/10009640295
The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly …
Persistent link: https://www.econbiz.de/10009640313
The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...
Persistent link: https://www.econbiz.de/10009640463
Persistent link: https://www.econbiz.de/10010478774
As the worlds largest economy, the United States is also the largest consumer of fossil energy sources and the largest per capita emitter of greenhouse gases. Although the climate and energy policies adopted over the past decade have been insufficient to reverse continued emissions growth, a...
Persistent link: https://www.econbiz.de/10011857848
Persistent link: https://www.econbiz.de/10009638411
Persistent link: https://www.econbiz.de/10010368095