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RHOMOLO: a dynamic spatial general equilibrium model

Kancs, D'Artis - 2010

This paper presents the new dynamic spatial general equilibrium (DSGE) model – RHOMOLO, which is built to support the EU policy design by undertaking holistic, micro-founded and disaggregated policy impact assessment. The RHOMOLO model is based on the theories of general equilibrium,...

Persistent link: https://www.econbiz.de/10011524125

The Increasing Cost of Buying American

Bombardini, Matilde; Gonzalez Lira, Andres; Li, Bingjing; … - National Bureau of Economic Research - 2024

The latest resurgence in the U.S. of policies aimed at reducing imports and bolstering domestic production has included the expansion of Buy American provisions. While some of these are new and untested, in this paper we evaluate long-standing procurement limitations on the purchase of foreign...

Persistent link: https://www.econbiz.de/10015072894

On the heterogeneous trade and welfare effects of GATT/WTO membership

Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2020

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small … gain in terms of welfare, due to beneficial terms-of-trade effects. …

Persistent link: https://www.econbiz.de/10012269824

On the heterogenous trade and welfare effects of GATT/WTO membership

Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2022

We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and … effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …

Persistent link: https://www.econbiz.de/10014335080

Making America great again? : the economic impacts of liberation day tariffs

Ignatenko, Anna; Lashkaripour, Ahmad; Macedoni, Luca; … - 2025

modest welfare gains when tariff revenues reduce the income tax burden for American workers. However, reciprocal retaliation … results in net welfare losses for the U.S. economy. We derive the unilaterally optimal tariff within our model and show that … calibrated model predicts a decline in U.S. welfare by up to 3.8 percent when accounting for input-output linkages, and a …

Persistent link: https://www.econbiz.de/10015404478

Exports and Olympic Games : Is there a Signal Effect?

Maennig, Wolfgang; Richter, Felix - 2012

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive, lasting effects on exports. They interpret their results as an indication that countries use the hosting of such events to signal openness and competitiveness. We challenge these empirical findings on...

Persistent link: https://www.econbiz.de/10014177126

The Impacts of the Proposed EU-Libya Trade Agreement

George, Clive; Miles, Oliver; Prud'homme, Dan - 2014

The paper provides an overview of the potential social, economic and environmental impacts of an EU-Libya FTA as gauged by the EU-Libya Trade Sustainability Impact Assessment (SIA). The main potential benefits to both the EU and Libya from the proposed trade agreement come from closer...

Persistent link: https://www.econbiz.de/10014184843

The Impact of Health and Economic Policies on the Spread of Covid-19 and Economic Activity

Famiglietti, Matthew; Leibovici, Fernando - 2021

This paper empirically investigates the causal linkages between COVID-19 spread, government health containment and economic support policies, and economic activity in the U.S. up to the introduction of vaccines in early 2021. We model their joint dynamics as generated by a structural vector...

Persistent link: https://www.econbiz.de/10014048690

The Estimated Effects of the Euro on Trade : Why are They Below Historical Effects of Monetary Unions Among Smaller Countries?

Frankel, Jeffrey A. - 2008

Andy Rose (2000), followed by many others, has used the gravity model of bilateral trade on a large data set to estimate the trade effects of monetary unions among small countries. The finding has been large estimates: Trade among members seems to double or triple, that is, to increase by...

Persistent link: https://www.econbiz.de/10014212159

Foreign Demand Shocks to Production Networks : Firm Responses and Worker Impacts

Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - 2022

We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks. To capture that firms can be indirectly exposed to such shocks by buying from or selling to domestic firms that import or export, we use Belgian data with information on both...

Persistent link: https://www.econbiz.de/10014077071