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Public Opinion on Central Banks when Economic Policy is Uncertain
Istrefi, Klodiana - 2020
the Bank of Japan. Estimating Bayesian VARs for the period 1999-2014, we find that shocks to economic policy uncertainty … reputation of the central bank in the eyes of the public. In particular, we look at the effect of policy uncertainty for the … dynamics of citizens' opinion, being trust, satisfaction or confidence, in the European Central Bank, the Bank of England and …
Persistent link: https://www.econbiz.de/10012836110
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Measures of aggregate credit conditions and their potential use by central banks
García, Alejandro; Prokopiw, Andrei - 2009
Understanding the nature of credit risk has important implications for financial stability. Since authorities notably, central banks focus on risks that have systemic implications, it is crucial to develop ways to measure these risks. The difficulty lies in finding reliable measures of aggregate...
Persistent link: https://www.econbiz.de/10003933233
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FDI, trade integration and the border effect : evidence from the European Union
Martínez-San Román, Valeriano; Bengoa, Marta; … - 2014
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern - horizontal versus vertica l- within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture trade...
Persistent link: https://www.econbiz.de/10010371905
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Do trade agreements stimulate international trade differently? : evidence from 296 trade agreements
Kohl, Tristan; Brakman, Steven; Garretsen, Harry - 2013 - This version, April 2013
In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...
Persistent link: https://www.econbiz.de/10009743775
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Goods and factor market integration : a quantitative assessment of the EU enlargement
Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - 2017
The economic effects from labor market integration are crucially affected by the extent to which countries are open to trade. In this paper we build a multi-country dynamic general equilibrium model with trade in goods and labor mobility across countries to study and quantify the economic...
Persistent link: https://www.econbiz.de/10011704526
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How free trade can help convert the 'Arab Spring' into permanent peace and democracy
Thorvaldur Gylfason; Martínez, Inmaculada; Wijkman, … - 2012
Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...
Persistent link: https://www.econbiz.de/10009571054
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
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Promotion of trade and Investments between China and India : the case of Southwest China and East and Northeast India
Bhattacharyay, Biswanath (contributor);  … - 2005
Open regionalism and integration between the world’s two largest developing countries - the People’s Republic of China (China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic and social benefits that could result in...
Persistent link: https://www.econbiz.de/10003113285
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Economic integration agreements, border effects, and distance elasticities in the gravity equation
Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2013
Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....
Persistent link: https://www.econbiz.de/10010212649
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Benefits and challenges of integrating South and Southeast Asia
Bhattacharyay, Biswanath - 2012
In recent decades, Southeast Asian economies have prospered through an outward-oriented strategy, through intra-regional integration under the Association of the Southeast Asian Nations (ASEAN) initiative and through participating in the East Asian production networks. In the 1970-80ś, South...
Persistent link: https://www.econbiz.de/10009540111