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The Asymmetric Impact of Economic Policy and Oil Price Uncertainty on Inflation : Evidence from Developed and Emerging Economies

Anderl, Christina; Caporale, Guglielmo Maria - 2023

This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the 1990s until August 2022 for a number of developed and...

Persistent link: https://www.econbiz.de/10014260984

Trade Protection and the Role of Non-Tariff Barriers

Kinzius, Luisa - 2019

A growing share of modern trade policy instruments is shaped by non-tariff barriers (NTBs). Based on a structural gravity equation and the recently updated Global Trade Alert database, we empirically investigate the effect of NTBs on imports. Our analysis reveals that the implementation of NTBs...

Persistent link: https://www.econbiz.de/10012892167

Quantifying Disruptive Trade Policies

Balistreri, Edward J. - 2019

-equilibrium simulation model of the global economy that includes an innovative monopolistic-competition structure of bilateral representative …

Persistent link: https://www.econbiz.de/10012892204

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

China's Overinvestment and International Trade Conflict

Schnabl, Gunther - 2019

postpone a restructuring of the Chinese economy by low-interest credit provision. The resulting gradual reemergence of quasi …

Persistent link: https://www.econbiz.de/10012866404

Trade Protection Along Supply Chains

Bown, Chad P.; Conconi, Paola; Erbahar, Aksel; … - 2021

During the last decades, the United States has applied increasingly high trade protection against China. We combine detailed information on US antidumping (AD) duties — the most widely used trade barrier — with US input-output data to study the effects of trade protection along supply...

Persistent link: https://www.econbiz.de/10013251244

Wildlife Trade Policy and the Decline of Wildlife

Heid, Benedikt; Márquez-Ramos, Laura - 2021

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is the international agreement that regulates international trade in wildlife to prevent its decline. Little is known about the effectiveness of its trade restrictions and bans. Combining the largest...

Persistent link: https://www.econbiz.de/10013314805

Trade and the Distribution of Human Capital

Riezman, Raymond G.; Bougheas, Spiros - 2021

We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...

Persistent link: https://www.econbiz.de/10013318467

Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements

Egger, Hartmut; Fischer-Thöne, Christian - 2022

production of sub-stages of the global value chain. In the open economy, the technologically backward country exports … specialization gives the two countries access to different policy instruments for appropriating rents in the open economy. The … import tariff is ineffective for the technologically backward economy, which can instead lower institutional quality and …

Persistent link: https://www.econbiz.de/10014240317

The Empire Project : Trade Policy in Interwar Canada

Lampe, Markus; O'Rourke, Kevin Hjortshøj; Reiter, Lorenz; … - 2023

This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...

Persistent link: https://www.econbiz.de/10014356600