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Macroeconomic Adjustment with Segmented Labor Markets
Agenor, Pierre-Richard; Aizenman, Joshua - 2022
. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor … improves competitiveness, and expands the formal sector at the expense of the informal sector. Hence, in a two-sector economy …
Persistent link: https://www.econbiz.de/10013308614
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their … implications and lays out a research agenda to integrate political economy and empirical considerations with general equilibrium …
Persistent link: https://www.econbiz.de/10013129132
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A Behavioral New Keynesian Model
Gabaix, Xavier - 2017
) Fiscal stimulus or “helicopter drops of money” are powerful and, indeed, pull the economy out of the zero lower bound. More …
Persistent link: https://www.econbiz.de/10012966932
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Government, Openness and Finance : Past and Present
Demetriadis, Panicos - 2010
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
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Economic Policy for Artificial Intelligence
Agrawal, Ajay K. - 2018
Recent progress in artificial intelligence (AI) – a general purpose technology affecting many industries - has been focused on advances in machine learning, which we recast as a quality-adjusted drop in the price of prediction. How will this sharp drop in price impact society? Policy will...
Persistent link: https://www.econbiz.de/10012916896
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State-Owned Enterprises, Shirking and Trade Liberalization
Ghosh, Madanmohan; Whalley, John - 2021
effects on imports can also occur. These models when calibrated to 1995 data for Vietnam also suggest quantitatively much …
Persistent link: https://www.econbiz.de/10013219690
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The prospects for the world trading system 2010 : "events, dear boy, events"
Evenett, Simon J. - In: Aussenwirtschaft : schweizerische Zeitschrift für … 65 (2010) 1, pp. 7-19
Persistent link: https://www.econbiz.de/10003955646
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The EC trade policy and the Doha round
Messerlin, Patrick A. - In: Aussenwirtschaft : schweizerische Zeitschrift für … 57 (2002) 3, pp. 271-298
Persistent link: https://www.econbiz.de/10001699363
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Industrial countries' economic performance and policies : the impact on developing countries
Fischer, Bernhard - In: Aussenwirtschaft : schweizerische Zeitschrift für … 46 (1991) 2, pp. 171-195
Persistent link: https://www.econbiz.de/10001109188
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Investment Responses to Trade Liberalization : Evidence from U.S. Industries and Plants
Pierce, Justin R. - 2017
This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using a difference-in-differences identification strategy, we find that industries more exposed to reductions in import tariff uncertainty exhibit relative declines in investment...
Persistent link: https://www.econbiz.de/10012941175