Narrow search
Showing 1 - 10 of 463
Cover Image
How Did the Dollar Peg Fail in Asia?
Ito, Takatoshi; Ogawa, Eiji; Sasaki, Yuri Nagataki - 2021
In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-...-vis the Japanese yen and...
Persistent link: https://www.econbiz.de/10013226986
Cover Image
Energy Policy with Externalities and Internalities
Allcott, Hunt - 2013
We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....
Persistent link: https://www.econbiz.de/10013091197
Cover Image
Monetary Sovereignty, Exchange Rates, and Capital Controls : The Trilemma in the Interwar Period
Obstfeld, Maurice - 2012
disorder in the world economy. The interwar disorder often is linked to policies inconsistent with the constraint of the open … yield. This historical analytic narrative is compelling with significant ramifications for today's world, if true but …
Persistent link: https://www.econbiz.de/10012755788
Cover Image
Financial Development and the Choice of Trade Partners
Chan, Jackie - 2013
What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...
Persistent link: https://www.econbiz.de/10013085496
Cover Image
Global Value Chains and Effective Exchange Rates at the Country-Sector Level
Patel, Nikhil - 2014
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
Cover Image
Trade, Production Sharing, and the International Transmission of Business Cycles
Burstein, Ariel T. - 2010
Countries that are more engaged in production sharing exhibit higher bilateral manufacturing output correlations. We use data on trade flows between US multinationals and their affiliates as well as trade between the United States and Mexican maquiladoras to measure production-sharing trade and...
Persistent link: https://www.econbiz.de/10012759633
Cover Image
Trade Induced Structural Change and the Skill Premium
Cravino, Javier - 2017
We study how international trade affects manufacturing employment and the relative wage of unskilled workers when goods and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which reduces manufacturing employment if manufactures and...
Persistent link: https://www.econbiz.de/10012954463
Cover Image
Distortions and the Structure of the World Economy
Caliendo, Lorenzo - 2017
We develop a model of the world economy as input-output relationships subject to distortions. We then propose a … the sectoral TFPs. We then derive a closed-form solution of the elasticities of each entry in the world input … distortions and TFPs of the input-output matrix of the world economy. We show that internal (within a given country) distortions …
Persistent link: https://www.econbiz.de/10012958578
Cover Image
The Crucial Role of International Trade in Adaptation to Climate Change
Gouel, Christophe - 2018
Climate change effects on agricultural yields will be uneven over the world with a few countries, mostly in high …
Persistent link: https://www.econbiz.de/10012908471
Cover Image
Poultry in Motion : A Study of International Trade Finance Practices
Antras, Pol - 2011
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10013124546