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Globalization and Monetary Control
Woodford, Michael - 2007
; rather than the supply of liquidity by a national central bank alone; by making real interest rates dependent on the global …
Persistent link: https://www.econbiz.de/10012776195
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Goods and Factor Market Integration : A Quantitative Assessment of the EU Enlargement
Caliendo, Lorenzo - 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/10012949423
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Can intra-regional trade act as a global shock absorber in Africa?
Brixiova, Zuzana; Meng, Qingwei; Ncube, Mthuli - 2015
The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities - the East African Community (EAC) and the Southern Africa Customs...
Persistent link: https://www.econbiz.de/10011307945
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The effect on foreign direct investment of membership in the European Union
Bruno, Randolph; Campos, Nauro; Estrin, Saul - 2020
This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...
Persistent link: https://www.econbiz.de/10012288695
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Trade and capital flows: substitutes or complements? : an empirical investigation
Belke, Ansgar; Domnick, Clemens - 2019
This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements (implying a positive correlation) or as substitutes (negative correlation)? Although a classic topic in international macroeconomics, the empirical evidence has remained...
Persistent link: https://www.econbiz.de/10012099470
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Big-Think Regionalism : A Critical Survey
Baldwin, Richard - 2008
Small Think Regionalism focused on the Vinerian question: quot;Would a nation gain from joining a trade bloc?quot; Big Think Regionalism considers regionalism's systemic impact on the world trading system, focusing mainly on two questions: quot;Does spreading regionalism harm world welfare?quot;...
Persistent link: https://www.econbiz.de/10012771715
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Is Japan Creating a Yen Bloc in East Asia and the Pacific?
Frankel, Jeffrey A. - 2021
This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …
Persistent link: https://www.econbiz.de/10013218103
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Non-Monetary News in Central Bank Communication
Cieslak, Anna - 2018
We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central …
Persistent link: https://www.econbiz.de/10012911101
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Defying Gravity : The 1932 Imperial Economic Conference and the Reorientation of Canadian Trade
Jacks, David S. - 2011
In the wake of the Great Depression, the Canadian government embarked on a stunning reversal in its commercial policy. A key element of its response was the promotion of intra-imperial trade at the Imperial Economic Conference of 1932. This paper addresses whether or not Canadian trade was able...
Persistent link: https://www.econbiz.de/10013122214
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Trade, wages, and productivity
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - 2008
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10003755333