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Passarelli, Francesco; Staiger, Robert W. - National Bureau of Economic Research - 2024

The legitimacy of the world trading system is under growing attack, as challenges to its conformity with norms of … fairness and social justice are increasingly voiced by citizens and their governments around the world. Taking a novel "bottom …-related fairness concerns of their citizens. More generally, our findings point to a detailed understanding of real-world perceptions …

Persistent link: https://www.econbiz.de/10015056179

Dynamic Efficiency and Pricing of Innovations with Insurance : The Case for Gene Therapies

Basu, Anirban - National Bureau of Economic Research - 2024

I demonstrate that to achieve dynamic efficiency, the optimal share of total surplus that a social payer should transfer to an innovating industry for a current asset depends on the marginal product of investment and the share of profits invested by the industry on the current asset and not on...

Persistent link: https://www.econbiz.de/10014544758

Supply Chain Adjustments to Tariff Shocks : Evidence from Firm Trade Linkages in the 2018-2019 U.S. Trade War

Handley, Kyle; Kamal, Fariha; Monarch, Ryan - National Bureau of Economic Research - 2023

We use the 2018-2019 U.S. trade war to examine how supply chains adjustments to a tariff cost shock affect imports and exports. Using confidential firm-trade linked data, we show that the decline in imports of tariffed goods was driven by discontinuations of U.S. buyer-foreign supplier...

Persistent link: https://www.econbiz.de/10014337835

Sabotage as Industrial Policy

Liu, Jin; Rotemberg, Martin; Traiberman, Sharon - National Bureau of Economic Research - 2024

We characterize sabotage, exemplified by recent U.S. policies concerning China's semiconductor industry, as trade policy. For some (but not all) goods, completely destroying foreigners' productivity increases domestic real income by shifting the location of production and improving the terms of...

Persistent link: https://www.econbiz.de/10015056122

Reciprocity and the China Shock

Bown, Chad P.; Caliendo, Lorenzo; Parro, Fernando; … - National Bureau of Economic Research - 2024

We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...

Persistent link: https://www.econbiz.de/10015056161

Foreign Demand Shocks to Production Networks : Firm Responses and Worker Impacts

Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - National Bureau of Economic Research - 2022

We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks. To capture that firms can be indirectly exposed to such shocks by buying from or selling to domestic firms that import or export, we use Belgian data with information on both...

Persistent link: https://www.econbiz.de/10013388803

Anatomy of the Phillips Curve : Micro Evidence and Macro Implications

Gagliardone, Luca; Gertler, Mark; Lenzu, Simone; … - National Bureau of Economic Research - 2023

We use a unique high-frequency micro-dataset to estimate the slope of the primitive form of the New Keynesian Phillips curve, which features marginal cost as the relevant real activity variable. Our dataset encompasses product-level prices, costs, and output within the Belgian manufacturing...

Persistent link: https://www.econbiz.de/10014322770

Trends in Social Security Incentives in Belgium

Fraikin, Anne-Lore; Jousten, Alain; Lefebvre, Mathieu - National Bureau of Economic Research - 2023

In Belgium, a series of social security reforms have been implemented over the years with the overarching goal of …

Persistent link: https://www.econbiz.de/10014337786

Decomposing the great trade collapse : products, prices, and quantities in the 2008-2009 crisis

Haddad, Mona - 2011

"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price...

Persistent link: https://www.econbiz.de/10011395038

Contingent Trade Agreements

Harstad, Bård - National Bureau of Economic Research - 2024

There are often conflicts between proponents of trade and environmental activists. This paper shows, however, how trade agreements can be designed so as to motivate environmental conservation. I first analyze a standard trade model, where resource exploitation (e.g., deforestation) is a...

Persistent link: https://www.econbiz.de/10014544671

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